Finance

Banking

Impairment puts Erste Group in red in Hungary

Austriaʼs Erste Group booked a EUR 4.9 million first-half loss at its business in Hungary as impairment due to the...

Debt

ÁKK sells HUF 20 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB lists atypical job incentives, mobility as short-term tasks

In the short term, Hungary should exploit its hidden reserves of human capital through giving incentives for atypical forms of...

MNB

MNB establishes safety net of swap and repo agreements

The National Bank of Hungary (MNB) has created an international safety net consisting of bilateral swap and repo agreements, which...

MNB

Romania annual bank deposits growth slows in June

The deposits of the non-governmental sector in Romanian banks grew 13.4% on the year to RON 382 billion (EUR 79...

Banking

Bulgaria’s non-govt deposits growth slows

Deposits of Bulgaria’s non-government sector rose by an annual 8.3% to BGN 86.3 billion (EUR 44.1 bln) at the end...

Banking

Cash in circulation reaches nearly HUF 7 tln

The National Bank of Hungary (MNB) has published the latest cash flow data, according to which the cash stock in...

Banking

EBRD and Banca Intesa Beograd expand access to finance for businesswomen

Businesses in Serbia will benefit from a new EUR 8 million loan from the European Bank for Reconstruction and Development...

Debt

ÁKK sells HUF 72.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 72.5 billion of bonds at auction on Thursday, HUF 17.5...

Trade

Airport development planned throughout country

The government is planning to develop airports across the country because it wants all major cities to be accessible by...

Debt

ÁKK sells HUF 42.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 42.5 billion of securities at auction on Wednesday, HUF 7.5...

MNB

Policymakers cut base rate 15 bp to 0.6%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 15...

Debt

ÁKK sells HUF 15 bln of 3-month T-bills at auction, under plan

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, HUF 5...

Debt

Czech government debt largest in history

The Czech Republic’s government debt rose by CZK 516.7 billion to a total of CZK 2.16 trillion (some EUR 81.13...

Debt

ÁKK sells HUF 88.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 88.5 billion of bonds at auction on Thursday, HUF 18.5...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...