Finance

Debt

ÁKK sells HUF 90 bln of bonds at auction, well over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 90 billion of bonds at auction on Thursday, raising its...

Ratings

EBRD raises Hungary GDP growth forecast

The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Hungaryʼs GDP growth this year to 4.6%...

MNB

Romanian MedLife scores new acquisition in Moldavia

Romanian privately owned medical services provider MedLife Group says it has acquired a majority stake in local peer Micromedica Medical...

Debt

ÁKK buys back bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 20.69 billion of bonds expiring in 2020 before maturity...

Ratings

S&P revises MOL outlook to positive on Azerbaijan acquisition

S&P Global Ratings revised the outlook for Hungarian oil and gas company MOL from "stable" to "positive" after it announced...

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...

MNB

August trade surplus revised up to EUR 60 mln

The Central Statistical Office (KSH) revised Hungaryʼs August trade surplus to EUR 60 million in a second reading of data...

MNB

Corporate Debt in Central Europe

Non-financial corporations can typically use two types of debt funding – bank loans and debt securities (e.g. bonds). Choosing one...

MNB

Bulgaria’s gov’t expects EUR 818 average salary in three years

A report released by Bulgariaʼs Ministry of Finance estimates that the average monthly salary in the country will reach about...

Debt

ÁKK sells 12-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount 12-month T-bills at auction on Thursday, in line...

MNB

Erste net income in Hungary up 6.3% in Q1-Q3

Austriaʼs Erste Group booked net income of EUR 119.8 million at its business in Hungary in the first three quarters...

MNB

Romanian-German JV starts production of polystyrene, adhesives

Daw Benţa, a Romanian manufacturer of varnishes, paints and other construction materials, will officially start production at two new polystyrene...

Debt

ÁKK switch auction bond sales fall short

The Government Debt Management Agency (ÁKK) sold HUF 29.5 billion of bonds maturing in 2023 and 2026 at a switch...

MNB

Serbian real net wages up in August

Serbia’s average net wage increased by a real 7.3% year-on-year in August, following an 10.1% annual rise in July, data...

Debt

ÁKK sells 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...