Finance

Banking

Croatia’s central bank FX reserves down in May

The foreign exchange (FX) reserves held by Croatia’s central bank fell 1.55% month-on-month in May to a preliminary EUR 15.36...

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

Serbia’s real net wage up in April

Serbia’s average net wage increased by a real 7.2% year-on-year in April, following an 8.6% annual rise in March, figures...

Ratings

Fitch sees deep GDP fall, then solid recovery in Hungary

Hungaryʼs economy will shrink this year at a rate not seen since the 2009 global financial crisis but is set...

MNB

MNB dep gov to propose another 15 bp rate cut in July

Barnabás Virág, who was appointed a National Bank of Hungary (MNB) deputy governor on Tuesday, has said he will propose...

Banking

Govʼt to crack down on small business tax abusers

The government will modify rules governing the Itemised Tax for Small Businesses (KATA) from next year to prevent abuse by...

MNB

Romania’s annual bank deposits growth speeds up in May

The deposits of the non-governmental sector in Romanian banks grew 13.9% on the year to RON 383.5 billion (EUR 79...

Debt

ÁKK sells HUF 108.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 108.5 billion of bonds at auction on Thursday, raising its...

MNB

MNB lifts inflation forecast for 2020, lowers GDP growth estimate

The National Bank of Hungary on Tuesday said in a preliminary release of the main forecasts from its quarterly Inflation...

MNB

N. Macedonia’s real net wage rises in April

North Macedonia’s real net wage increased by 4.3% year-on-year in April, after growing by an annual 6.9% in March, the...

MNB

Bulgaria’s non-govʼt deposit growth speeds up, borrowing growth slows in May

Deposits of Bulgaria’s non-government sector rose by an annual 8.6% to BGN 86.3 billion (EUR 44.1 bln) at the end...

Ratings

Diversified economy, deficit policies support Hungaryʼs rating, Moodyʼs says

Hungaryʼs (Baa3 stable) credit profile is supported by a diversified economy closely integrated into European supply chains, fiscal policies that...

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

Net FDI inflow into Montenegro rises in Jan-Apr

The net inflow of foreign direct investment (FDI) into Montenegro rose to EUR 180.7 million in the first four months...

MNB

EBRD boosting lending to businesses in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) has announced it is providing a EUR 5 million loan to Partner...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...