Finance

MNB

Slovak jobless rate hits 3-year high in May

The unemployment rate in Slovakia soared to 7.2% in May from 4.9% in the same month of the previous year,...

Banking

Recent COVID-19 related HR and tax measures in Hungary

In response to the COVID-19 outbreak, the Hungarian government declared a state of emergency to deal more effectively with the...

MNB

Hungary current-account almost in balance in Q1

Hungary had a current-account surplus of just EUR 2 million in the first quarter of 2020, state news wire MTI...

MNB

Poland employment rate declines, average wages rise on year in May

Employment in Poland’s enterprise sector, which concerns units employing more than 9 persons, declined by an annual 3.2% to 6.174...

MNB

Montenegro’s economy growth slows in Q1

Montenegro’s gross domestic product grew by a real 2.7% year-on-year in the first quarter of 2020, following a 3.1% increase...

MNB

Tesco bids farewell to Poland

U.K. retail chain Tesco is selling its Polish business, the supermarket group has announced, a move that will leave its...

MNB

EBRD lending EUR 60 mln to Erste Bank Serbia to back SMEs

Small businesses in Serbia will benefit from a financing package provided by the European Bank for Reconstruction and Development (EBRD)...

Debt

ÁKK sells HUF 97.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 97.5 billion of bonds at auction on Thursday, raising its original offer...

Debt

ÁKK sells HUF 24 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 24 billion of bonds maturing in 2029 and 2031, accepting ones expiring...

MNB

Pandemic delivers final blow to troubled Malév GH

Hungaryʼs government has decided to wind up state-owned ground handling company Malév GH without a legal successor, the Hungarian National...

MNB

Slovenia’s average net wage up in April

The average net monthly earnings in Slovenia rose by a real 11.5% month-on-month to EUR 1,266 in April, after decreasing...

Ratings

Moody’s upgrades Ukraine’s rating to ‘B3’

Moody’s Investors Service has raised Ukraine’s sovereign credit rating to "B3" from "Caa1" and assigned a stable outlook, Trading Economics...

Banking

Parlʼt approves legislation on special economic zones

Parliament passed legislation on Tuesday allowing the establishment of special economic zones with the aim of expediting investments and related...

MNB

Romania real net wage edges down in April

Romania’s average net monthly wage edged down by a real 0.5% year-on-year in April, after growing by 3.9% in March,...

Debt

ÁKK sells HUF 75 bln of bonds at auction, HUF 15 bln over plan

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of bonds at auction on Thursday, raising its original offer...

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...