Finance

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...

MNB

IIB loan portfolio to exceed EUR 1 bln by end of year

International Investment Bank (IIB) announced closing a successful half-year after its relocation to Budapest, saying that the end of 2019...

Ratings

Moody’s changes Ukraine’s outlook to positive

Moody’s Investors Service has revised Ukraine’s sovereign credit rating outlook to positive from stable. At the same time, Ukraine’s long-term...

Debt

Plusz bond stock climbs over HUF 2.806 tln

Outstanding stock of Hungarian Government Securities Plusz bonds for retail investors rose above HUF 2.806 trillion after sales of the...

MNB

Croatia jobless rate drops to 7.2% in October

Croatia’s unemployment rate decreased to 7.2% on October from 9.1% in the corresponding month of the previous year, data from...

MNB

Serbia wants to reduce public debt

Serbia’s debt-to-GDP ratio has dropped by almost 20% in four years, but the Public Debt Administration wants it reduced further...

Banking

Tax cuts to be part of 2nd economic protection plan, PM says

Prime Minister Viktor Orbán on Friday said tax cuts would be a decisive element of a second package of measures...

Debt

ÁKK sells HUF 35 bln of bonds at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of bonds at auction on Thursday, in line...

MNB

FDI into Bulgaria more than doubles in Jan-Sept

Foreign direct investment into Bulgaria, calculated according to the directional principle, grew to EUR 714.5 million in the January-September period...

MNB

Posta Slovenije to launch buyout bid for Intereuropa’s Bosnian arm

Posta Slovenije said it intends to launch a takeover bid for all the shares it does not already own in...

Debt

ÁKK buys back HUF 95.2 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 95.20 billion of bonds expiring in 2020 and 2021...

MNB

O/N deposit rate, base rate kept on hold

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

MNB

Romanian forest management company puts up 40,000 Christmas trees for sale

Forest management company Romsilva will put up 40,000 Christmas trees for sale this year. Of these, 26,000 are fir trees...

MNB

Budapest court declares Quaestor head responsible

Csaba Tarsoly, the former head of failed brokerage Quaestor, has been declared personally responsible for the companyʼs loss of assets...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 15.0 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...