Finance

Ratings

Hungaryʼs credit profile supported by strong growth – Moodyʼs

Hungaryʼs credit profile (Baa3 stable) is supported by strong economic growth, a commitment to lower fiscal deficits and the government...

Banking

Volkswagen pays the most taxes in Slovakia

Bratislava-based car-maker Volkswagen Slovakia is again the countryʼs biggest tax payer, having paid more than EUR 300 million in taxes...

MNB

State debt at 66.4% of GDP at the end of Q3

Hungaryʼs state debt stood at 66.4% of GDP at the end of September, down from 66.5% of GDP at the...

Banking

Varga to scrutinise KATA tax form, weigh chamber proposals

Finance Minister Mihály Varga on Thursday said he would review the Itemised Tax for Small Businesses (KATA) and weigh recommendations...

MNB

If the Year Ends With a 9, Prepare for a History Lesson

In recent weeks, European media have dedicated many column-inches to the fall of the Berlin Wall, symbolizing the end of...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount twelve-month T-bills at auction on Thursday, in line...

MNB

Net FDI inflow into Montenegro rises in Jan-Aug

The net inflow of foreign direct investment into Montenegro rose to EUR 259.4 million in the first eight months of...

MNB

Wizz Air raises 2019 profit guidance

Hungarian low-fare airline Wizz Air has raised the low end of its profit guidance for the end of its 2019...

Debt

ÁKK sells HUF 20 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of bonds maturing in 2026, accepting ones expiring in 2022...

Banking

Bill would expand MFBʼs scope of activities

A bill submitted to lawmakers by the government on Tuesday would broaden the scope of activities of the Hungarian Development...

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...

Ratings

Fitch affirms Romania at ‘BBB-’ with a stable outlook

Fitch Ratings has affirmed Romania’s long-term foreign and local currency issuer default ratings (IDR) at "BBB-", with stable outlooks, but...

MNB

Trade surplus at EUR 566 mln in September

The external trade surplus amounted to EUR 566 million in September, with both the value of exports and imports increasing...

Ratings

Czech National Bank keeps rates unchanged

The Bank Board of the Czech National Bank (CNB) decided to keep interest rates unchanged at its latest meeting. The...

MNB

Romania central bank leaves interest rates unchanged

Romania’s central bank left its key interest rate unchanged, as had been predicted by market analysts. The National Bank of...

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...