Finance

MNB

Romania’s end-March foreign debt rises

Romania’s foreign debt increased to EUR 106.2 billion at the end of March from EUR 105.8 bln at the end...

MNB

Net FDI into Bulgaria jumps in Q1

The net inflow of foreign direct investment into Bulgaria increased by an annual 71.2% to EUR 254.4 million (USD 274.9...

Debt

Wingholding raises HUF 54 bln in bonds

Hungarian property developer Wingholding raised HUF 54.4 billion in proceeds from the sale of corporate bonds auctioned this week, according...

Debt

ÁKK sells HUF 30bn 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

AutoWallis launches new company to manage bond funds

AutoWallis has started a new company for the efficient and transparent handling and implementation of the funds from the bonds...

MNB

Hungary state debt reaches 66.8% of GDP at end-Q1

Hungaryʼs gross state debt as a percentage of GDP reached 66.8% at the end of the first quarter, rising from...

MNB

Polandʼs current account surplus up in March

Polandʼs current account surplus widened to EUR 2.438 billion in March, from EUR 197 million in the same month of...

Banking

Special economic zone provisions donʼt apply to capital, Gulyás says

Provisions in a bill submitted to lawmakers by the government that would cede jurisdiction over big investments in special economic...

MNB

Graphisoft Park Q1 earnings fall to EUR 1.1 mln on higher interest costs

First-quarter pre-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, fell 13%...

Debt

ÁKK sells HUF 77.5 bln of bonds, HUF 22.5 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 77.5 billion of bonds at auction on Thursday, HUF 22.5...

Debt

ÁKK sells HUF 35 bln of securities at auction, as planned

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

MNB

Romanian real net wage annual growth slows in March

Romania’s average net monthly wage grew by a real 3.9% year-on-year in March, after growing by 6% in February, the...

MNB

Households borrow net HUF 105 bln in March

Households borrowed a little more than net HUF 105 billion in March, including HUF 75 bln in consumer loans and...

MNB

Romania trade deficit widens in March

Romania’s trade deficit widened to EUR 1.855 billion in March from EUR 1.296 bln in the same month last year,...

Ratings

Fitch cuts Slovakia by one notch to ‘A’

Fitch Ratings has downgraded Slovakia’s sovereign debt grade to "A" from "A+" and assigned a stable outlook....

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...