Finance

Debt

Hungary issues EUR 1.5 bln green eurobond

Hungaryʼs government issued a 15-year EUR 1.5 billion green eurobond on Tuesday, the Government Debt Management Agency (ÁKK) said, according...

Ratings

S&P changes Bulgaria’s outlook

S&P Global Ratings has revised Bulgaria’s sovereign credit rating outlook to stable from positive and affirmed the debt grade at...

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...

MNB

Hungary trade in services declines for first time in years in Q1

Hungaryʼs trade of services declined for the first time in years in Q1 on the impact of the coronavirus pandemic,...

MNB

Govʼt launches HUF 50 bln scheme covering up to 70% of investment costs at SMEs

Hungaryʼs government started inviting tenders on Friday for HUF 50 billion in grant money that may cover up to 70%...

MNB

Bulgaria’s non-govʼt deposit growth speeds up in Apr

Deposits of Bulgaria’s non-government sector rose by an annual 8.1% to BGN 85.8 billion (EUR 43.9 bln) at the end...

Debt

ÁKK sells HUF 64.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 64.5 billion of bonds at auction on Thursday, raising its original offer...

MNB

MNB dep-gov Márton Nagy resigns to take another post

Márton Nagy, the National Bank of Hungaryʼs (MNB) deputy governor for monetary policy, financial stability and lending incentives, resigned from...

MNB

EU OKs Polish state aid to large firms hit by coronavirus

The EU executive has approved a Polish plan to offer EUR 2.2 billion worth of state aid to large companies...

Debt

ÁKK sells HUF 20 bln of 12-month T-bills at auction

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

MNB

Serbian real net wage up in March

Serbia’s average net wage increased by a real 8.6% year-on-year in March, following an 8.8% annual rise in February, the...

Debt

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

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

MNB

MNB policymakers leave rates on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank base rate at 0.90%...

MNB

Slovak c/a gap widens in March

Slovakia’s current account deficit rose to EUR 631 million in March of 2020 from EUR 91.5 million in the same...

Debt

ÁKK sells HUF 87 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 87 billion of bonds at auction on Thursday, HUF 17...

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...