Finance

MNB

Slovakia c/a deficit narrows in Dec

Slovakia’s current account gap shrank to EUR 328.2 million in December from EUR 450 mln in the same month of...

MNB

Insolvencies in Romania down in 2019

In 2019, there were 6,384 insolvent companies in Romania, 22% less compared to the level registered in the previous year,...

Ratings

JCR upgrades Hungary

The Japan Credit Rating Agency (JCR) on Friday upgraded Hungaryʼs foreign currency long-term issuer rating to "A-" from "BBB+" with...

MNB

Digi closes 2019 with robust financial performance

Consolidated revenues of Digi Communications N.V., the leading telecommunication group with businesses in Romania, Hungary, Spain and Italy and the...

Banking

Environmental tax contribution in Hungary around EU average

The share of contribution from environmental taxes to total government revenue from taxes and social contributions amounted to 6.3% in...

Debt

ÁKK sells HUF 25 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction on Thursday, HUF 5...

MNB

Czech government votes to raise poverty benefits

The Czech government has voted to raise poverty benefits referred to as the living minimum and the existential minimum as...

Debt

ÁKK sells HUF 30 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of bonds maturing in 2026 and 2031, accepting ones expiring...

MNB

Slovenia avg net wage rises in 2019

Slovenia’s average net monthly earnings increased by a real 2.1% year-on-year in the last year, reaching EUR 1,133.50, Statistics Bureau...

MNB

EBRD mulls loan to Kosovo’s KRK for on-lending to MSMEs

The European Bank for Reconstruction and Development said it is considering the provision of a EUR 3.0 million loan to...

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

Hungary state debt at 64.8% of GDP at the end of 2019

Hungaryʼs state debt (without Eximbank data) stood at 64.8% of GDP at the end of December 2019, down from 66.5%...

MNB

Bulgaria average gross monthly wage rises in Q4

The average gross monthly wage in Bulgaria has increased by an annual 12.1% to BGN 1,313 (EUR 671) in the...

Ratings

S&P changes outlook on Hungary rating to ʼpositiveʼ from ʼstableʼ

S&P Global Ratings on Friday changed the outlook on Hungaryʼs "BBB" sovereign rating to "positive" from "stable", state news wire...

Ratings

Fitch affirms Hungary ʼBBBʼ rating; outlook ʼstableʼ

Fitch Ratings on Friday affirmed Hungaryʼs ʼBBBʼ sovereign rating, two notches over the investment grade threshold, with a ʼstableʼ 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...