Finance

Ratings

S&P affirms Albania at ʼB+ʼ, outlook stable

Ratings agency Standard & Poor’s has affirmed its sovereign credit rating on Albania at "B+", with a stable outlook, the...

MNB

Romania central bank FX reserves rise in Jan

The foreign exchange (FX) reserves held by the National Bank of Romania (BNR), excluding gold, totaled EUR 35.5 billion at...

Debt

ÁKK sells planned HUF 30 bln of 3-month bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Minimum wage in Hungary lowest in V4

The gross minimum wage in Hungary amounted to EUR 487 in January 2020, less than the minimum wage in other...

Ratings

Fitch upgrades Lithuania’s rating to ‘A’

Fitch Ratings agency on Friday upgraded Lithuania’s sovereign credit rating to "A" from "A-" and assigned a stable outlook, citing...

MNB

Graphisoft seeks clearance for EUR 33 mln structured share repurchase

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

Debt

ÁKK sells HUF 80 bln of bonds, HUF 25 bln over plan

The Government Debt Management Agency (ÁKK) sold HUF 80 billion of bonds at auction on Thursday, raising its original offer...

MNB

Central Bank Holds to its Currency Course

Although the forint hit all-time lows in the past few weeks, the central bank has not intervened in order to...

MNB

Dollar bond buyback had no ʼtangibleʼ effect on exchange rates

The governmentʼs repurchase before maturity of USD 1bn in dollar bonds had a negligible impact on exchange rates, Gergely Gulyas,...

MNB

Montenegro real net wage edges up in 2019

Montenegro’s real net earnings without taxes and contributions rose by 0.4% in 2019 to EUR 515 after declining by 2.3%...

MNB

MNB keeps base rate unchanged

The National Bank of Hungary (MNB) decided to keep the policy rate at 0.9% and the O/N deposit rate at...

Debt

Hungary buys back USD 1 bln of dollar bonds

Hungary has bought back USD 1 billion of high-yield FX bonds, saving the state HUF 42.7 bln in debt servicing...

MNB

Student loan limit may rise from HUF 70,000 per month

Increased spending by higher education students justifies raising the maximum amount of the free so-called Student Loan1, writes economic daily...

MNB

Mortgage modification campaign off to sputtering start

About 2,000 borrowers have responded to a campaign organized by the National Bank of Hungary (MNB) and the Hungarian Banking...

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...

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...