Finance

Debt

ÁKK buys back HUF 14.5 bln of bonds early

The Government Debt Management Agency (ÁKK) bought back a combined HUF 14.5 billion of bonds expiring in 2021 before maturity...

MNB

Policy makers keep O/N deposit rate, base rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank O/N deposit rate at...

Debt

ÁKK sells HUF 15 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

Plusz bond stock climbs over HUF 3 tln

Weekly sales of Hungarian Government Securities Plus bonds for retail investors reached HUF 94.3 billion in the 28th week after...

MNB

More Poles earning over PLN 1 million a year, report

The number of Poles earning over PLN 1 million a year (EUR 234,000) has shot up, according to a fresh...

Ratings

S&P upgrades Serbia’s rating to ‘BB+’

Standard and Poor’s has raised Serbia’s credit rating to ‘BB+’ from ‘BB’, just one step away from investment grade. The...

Debt

ÁKK to introduce 20-year benchmark bond, new index

Hungaryʼs Government Debt Management Agency (ÁKK) said on Thursday it will launch a new, 20-year benchmark bond as well as...

Debt

ÁKK sells planned HUF 15 bln of 12-month T-bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 15 bln of discount 12-month T-bills at auction on Thursday, in line...

Banking

Unions want to revisit wage agreement in light of higher growth

Trade unions want to renegotiate the scale of minimum wage rises for next year in light of higher than expected...

Debt

ÁKK sells HUF 24.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 24.5 billion of bonds maturing in 2026 and 2031, accepting ones expiring...

Ratings

Fitch affirms Croatia at ‘BBB-’, outlook positive

Fitch Ratings said it has affirmed Croatia’s long-term foreign- and local-currency issuer default ratings (IDRs) at ‘BBB-’, with a positive...

Debt

ÁKK sells HUF 15 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

External trade surplus at EUR 514 mln in October

The surplus on external trade in goods amounted to EUR 514 million in October 2019, with the balance of external...

MNB

Polish wages climb but may take decades to reach EU average, study shows

It will take Poles 50 years to catch up with the EU average in terms of salaries if pay in...

MNB

Bulgaria Q3 GDP growth rate confirmed at 3.7%

Bulgaria’s economy expanded by 3.7% year-on-year in the third quarter of 2019, after growing by 3.8% in the previous quarter,...

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...