Finance

MNB

Hungary GDP growth decelerates to 4.5% in Q4

Hungaryʼs GDP rose 4.5% year-on-year in the fourth quarter of 2019, state news wire MTI reported, citing the first reading...

MNB

Current account deficit nears EUR 360 mln in 2019

The current account deficit of Hungary reached EUR 359.4 million in 2019, improving from a EUR 717.3 mln deficit in...

MNB

Sources of Financing for SMEs in the Visegrád Countries

Access to finance is a high-stakes issue when it comes to the development of small- and medium-sized enterprises, as Les...

MNB

Serbia FX reserves hit record high in Jan

The foreign exchange (FX) reserves held by Serbia’s central bank rose to record-high EUR 13.694 billion (USD 14.948 billion) at...

Debt

ÁKK sells HUF 63.5 bln of bonds, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 63.5 billion of bonds at auction on Thursday, HUF 3.5...

MNB

Start account redemptions reach HUF 663 mln

A little more than HUF 663 million has been redeemed from Start accounts for Hungarian children since their launch in...

MNB

De’Longhi will open another factory in Romania

Italian group De’Longhi, manufacturing coffee machines and other home electronics, has bought a 25,000 sqm industrial platform in Madaras, Bihor...

MNB

Slovakia trade gap shrinks in Dec

The trade deficit in Slovakia narrowed to EUR 24.3 million in December from EUR 217.2 mln in the same month...

MNB

EBRD to support development of Ukrainian SME’s

The European Bank for Reconstruction and Development and Piraeus Bank Ukraine (PBU) are supporting the development of Ukraine’s small- and...

MNB

Trade surplus at EUR 134 mln in December

In EUR terms, the value of exports decreased by 0.8% and that of imports went up by 2.6% in December...

MNB

Threshold price for Graphisoft Park buyback set at HUF 6,280

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

MNB

Poland’s central bank holds key rate unchanged again

The National Bank of Poland held its benchmark reference rate at a record low of 1.5% on Wednesday. The decision...

MNB

UniCredit books declining profit in Hungary

Italyʼs UniCredit booked a consolidated after-tax profit of EUR 157 million at its business in Hungary last year, down 12%,...

Debt

ÁKK sells HUF 48 bln of securities, slightly under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 billion of securities at auction on Thursday, HUF 2...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2031, accepting ones expiring...

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...