Finance

MNB

MNB deputy governor urges countercyclical lending

National Bank of Hungary (MNB) deputy governor Márton Nagy pressed the countryʼs banks to lend as a way to cushion...

Debt

ÁKK sells HUF 43.5 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 43.5 billion of discount three-month T-bills at auction on Tuesday, raising its...

Ratings

Fitch revises Romania’s outlook to negative

Fitch Ratings has revised Romania’s outlook to negative from stable, while affirming its long-term foreign and local currency issuer default...

MNB

MNB launches FGS GO credit program

The National Bank of Hungary (MNB) has published the product brochure of the new "Funding for Growth Scheme Go" (FGS...

MNB

Big Czech banks receive almost 200,000 loan repayment deferral requests

Leading Czech banks have received nearly 200,000 requests to postpone loan repayments from clients affected by anti-coronavirus measures, according to...

MNB

Slovenia average net wage drops in February

The average net monthly earnings in Slovenia dropped by a real 0.9% month-on-month to EUR 1,169.91 in February, after decreasing...

Banking

Govʼt measures to leave HUF 200 bln with businesses, households

Finance Minister Mihály Varga on Thursday detailed government measures to mitigate the economic impact of the coronavirus pandemic that will...

Debt

ÁKK sells HUF 67.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 67.5 billion of bonds at auction on Thursday, raising its original offer...

Ratings

Moodyʼs changes outlook on Hungarian banking system to negative

Moodyʼs has decided to change the outlook on the Hungarian banking system to negative from stable, according to a press...

MNB

AutoWallis completes successful bond auction

AutoWallis has closed a successful private placement bond auction , with institutional investors purchasing the 10-year bond with HUF 3...

MNB

Croatia budget revenues decline in Apr

Croatia’s Finance Minister Zdravko Marić has said budget revenues in the first 10 days of April were one-third of those...

Ratings

Fitch changes Latvia’s outlook to negative

Fitch Ratings has revised Latvia’s sovereign credit rating outlook to negative from stable and affirmed the debt grade at "A-",...

Debt

ÁKK sells a little less than half of plan at 3-month T-bill auction

The Government Debt Management (ÁKK) sold HUF 14.5 billion of discount three-month T-bills at auction on Tuesday, cutting its original...

MNB

Waberer’s books Q4 loss, reiterates commitment to turnaround

Listed Hungarian logistics company Wabererʼs booked a fourth-quarter loss of EUR 22.2 million, widening from EUR 17.6 mln in the...

MNB

Poland central bank cuts key rate further

The Narodowy Bank Polski (National Bank of Poland or NBP) unexpectedly cut interest rates by 50 basis points and said...

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...