Finance

MNB

Croatia producer prices fall further in May

Croatia’s producer prices declined for the third straight month in May, the latest figures from the Croatian Bureau of Statistics...

Debt

ÁKK sells HUF 35 bln securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, selling the...

MNB

Trade deficit amounts to EUR 611 mln in April

In EUR terms, the value of exports decreased by 37% and that of imports by 28% in April 2020 compared...

Debt

ÁKK sells HUF 30 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Two in three companies avail of later tax deadline

Two in three companies have taken advantage of a government measure pushing back the deadline for filing and paying corporate...

MNB

Challenge and Opportunity: State aid in the COVID-19 Crisis

The COVID-19 outbreak has become a new type of challenge for the entire world. The conditions of everyday life and...

MNB

Corporate Debt Market During COVID-19 Pandemic

We are in the midst of a global coronavirus pandemic, with worldwide GDP contracting substantially, creating a phenomenon of corporations...

MNB

Czech Republic real wages rise the least since 2013

The average real monthly wages in the Czech Republic increased 1.4% year-on-year in the first quarter of 2020, the smallest...

MNB

Bulgaria Q1 GDP growth confirmed

Bulgaria’s gross domestic product advanced by 2.4% year-on-year in the first quarter of 2020, following a 3.1% growth in the...

MNB

2019 FDI in Croatia highest since 2014

Foreign direct investments in Croatia in 2019 totaled EUR 1.24 billion, up 19% on 2018, and the the highest annual...

MNB

1 in 20 companies in Poland plan job cuts, think-tank

Only one in 20 companies in Poland plan to cut jobs, the head of a public think-tank has said as...

Debt

ÁKK sells HUF 95 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 95 billion of bonds at auction on Thursday, HUF 25...

MNB

Almost 2/3 of retail borrowers avail of repayment moratorium

More than 65% of retail borrowers are availing of a repayment moratorium in force until the end of the year,...

MNB

Wizz Air revenue rose by more than 19% during business year

Hungarian low-fare airline Wizz Airʼs revenue rose 19.1% annually to EUR 2.76 billion in its 2019-2020 business year ended on...

Debt

ÁKK buys back HUF 8.41 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 8.41 billion of bonds expiring in 2020 and 2021...

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...