Finance

MNB

Poland to throw firms multi-billion lifeline amid epidemic

Poland’s prime minister has unveiled plans to throw a lifeline worth at least PLN 100 billion (EUR 22 bln) to...

MNB

Regulatory Changes to the Hungarian Bond Market

The Hungarian Parliament adopted several amendments to the Hungarian capital markets act, effective as of December 27, 2019, in order...

MNB

EC distributes 2nd half of assistance

The European Commission has already disbursed the second half of the EUR 608 million in liquidity assistance to combat the...

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, HUF 22.5 bln more...

MNB

Trade surplus at EUR 1.1 bln in February

In EUR terms, the value of exports increased by 3.9% and that of imports by 0.1% in February 2020 compared...

MNB

MNB unveils measures to mitigate pandemic impact, jump-start economy

The National Bank of Hungary (MNB) on Tuesday announced a package of measures to mitigate the impact of the coronavirus...

MNB

Govʼt to cover 70% of wage costs for reduced hours

The government will take over 70% of the wage costs of employees who work reduced hours at companies impacted by...

MNB

Nearly 100,000 continue paying loans

Almost 100,000 customers of banks have already indicated that they will continue to repay their loans, writes hvg.hu....

MNB

Romania FX reserves drops in March

The National Bank of Romania (BNR) announced on Wednesday that Romania’s foreign exchange (FX) reserves stood at EUR 34.123 billion,...

MNB

Czech govʼt unveils economic aid package

The Czech government has unveiled the detail of an emergency aid package for entrepreneurs and employers to mitigate the impacts...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 43.5 billion of discount three-month T-bills at auction on Tuesday, HUF 3.5...

Banking

MKIK proposes measures to ease coronavirus impact on economy

The Hungarian Chamber of Industry and Commerce (MKIK) unveiled a new package of proposals it has sent to the government...

MNB

Hungary state debt ratio falls to 66.3% at end-2019

Hungaryʼs gross state debt, as a percentage of GDP, fell to 66.3% at the end of the fourth quarter, state...

MNB

Polish Parliament adopts economic relief plan

The Polish Parliament on Saturday adopted a multi-billion relief plan aiming to counteract losses caused by the coronavirus pandemic to...

MNB

Pandemic Crisis Hits all Sectors

“V”, “U” or “L”? Only time will tell which shape the current crisis will take, but one thing is for...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...