Finance

Debt

ÁKK sells HUF 36 bln of bonds, below plan

The Government Debt Management Agency (ÁKK) sold HUF 36 billion of bonds maturing in 2026 and 2031, accepting ones expiring...

MNB

Romanian c. bank FX reserves rise in Feb

The foreign exchange reserves held by the National Bank of Romania (BNR), excluding gold, totaled EUR 35.830 billion at 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

Graphisoft Park shareholders approve share buyback

Shareholders of Graphisoft Park, a listed company that owns and operates a business park in the north of Budapest, approved...

MNB

Surplus on external trade in services at EUR 1.9 bln in Q4

In Q4 2019, service exports and imports rose by 3.8% and 6.8% respectively at current prices in EUR compared to...

MNB

Bulgarians convert hundreds of millions of leva into euro

Amidst rumors of a change in the exchange rate of the Bulgarian lev to the euro, the public have reacted...

MNB

EIB Group support for projects in the Czech Republic doubled in 2019

Last year, the European Investment Bank Group, which consists of the European Investment Bank (EIB) and the European Investment Fund...

Banking

Flat Corporate Income Tax Re-energizes Hungary’s Business Scene

The corporate tax rate, lowered to 9% in January 2017, is not only making the country look more attractive to...

Banking

Hungary’s Tax Morale Improves, but Still Average for the Region

Hungary’s tax morale, the willingness of people to pay, was traditionally regarded as poor, which fits into the region’s communist-era...

MNB

Private Equity in Central Europe

The small and medium enterprise (SME) sector represented 99.8% of companies and 69% of total employment in the Visegrád Four...

Debt

ÁKK sells HUF 70 bln of bonds, HUF 15 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 billion of bonds at auction on Thursday, raising its...

MNB

Bulgaria non-govt deposit growth slows in Jan

Deposits of Bulgaria’s non-government sector rose by an annual 7.9% to BGN 84.1 billion (EUR 43 bln) at the end...

Debt

ÁKK buys back HUF 12.32 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 12.32 bln of bonds expiring in 2021 before maturity...

Ratings

Fitch affirms Bulgaria at ‘BBB’ with positive outlook

Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at "BBB", with a positive...

Debt

ÁKK sells HUF 28 bln of 3-month T-bills, under plan

The Government Debt Management Agency (ÁKK) sold HUF 28 billion of discount three-month T-bills at auction on Tuesday, cutting its...

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...