Finance

MNB

Slovenia real avg net wage growth accelerates in November

Average net monthly earnings in Slovenia increased by a real 9.9% month-on-month in November, after rising by 1.5% in October,...

Ratings

2020: The Analysts Look Into Their Crystal Ball

Just like a year earlier, analysts’ predicted growth forecast for 2019 fell short of the actual rate the economy grew...

Debt

ÁKK sells HUF 79 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 79 billion of bonds at auction on Thursday, HUF 19...

MNB

Polish c/a surplus widens in November

Poland’s current account surplus widened sharply to EUR 1.457 billion in November from a EUR 113 million in the same...

Debt

ÁKK sells HUF 40 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at auction on Tuesday, raising its...

Ratings

Moodyʼs: negative CEE outlook driven by external environment

Factors such as a weakening external environment, moderating growth, and a lack of structural reforms stand behind the negative 2020...

MNB

Household gas prices in Hungary cheapest in EU

Household gas prices in Hungary remained the lowest in the European Union in the first half of last year, state...

MNB

MNB renews currency swap deal with Chinaʼs central bank

The People’s Bank of China and the National Bank of Hungary (MNB) have announced the renewal of their bilateral currency...

MNB

Romania central bank maintains key interest rate

Romania’s central bank kept its key interest rate unchanged as widely expected, news wire Reuters reports....

MNB

Iranian investors buy 2 mineral water producers in Romania

Romanian spirits producer Prodal 94, whose portfolio includes the Stalinskaya (vodka) and Wembley (gin) brands, will take over the local...

Debt

ÁKK sells HUF 64 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 64 billion of securities at auction on Thursday, HUF 19...

Debt

ÁKK sells HUF 21.5 bln of bonds, below plan

The Government Debt Management Agency (ÁKK) sold HUF 21.5 billion of bonds maturing in 2026 and 2031, accepting ones expiring...

MNB

Surplus on external trade in goods at EUR 500 mln in Nov

In EUR terms, the value of exports decreased by 0.1% and that of imports by 0.8% in November 2019 compared...

MNB

FGS Fix contracts surpass HUF 379 bln

The Funding for Growth Scheme (FGS) fix lending program of the National Bank of Hungary has concluded little more than...

MNB

MNB intʼl reserves drop EUR 929 mln in December

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 28.385 billion at the end of December 2019, down...

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...