Finance

MNB

Russiaʼs central bank lowers key rate again

Russiaʼs central bank has cut its key interest rate for the fourth straight session amid persistently slowing inflation and subdued...

Ratings

Moody’s leaves Hungary rating unchanged

Ratings agency Moody’s has decided to leave Hungary’s sovereign rating unchanged at Baa3, with a stable outlook, with no further...

Debt

Alteo raises HUF 8.8 bln from BGS bond sale

Listed alternative energy company Alteo said Thursday it has raised a little more than HUF 8.8 billion in proceeds from...

MNB

Poland jobless rate falls in September

Poland’s jobless rate fell marginally in September, data from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday. The jobless...

MNB

Only 6.5% of Romanians buy books

The number of Romanians who buy at least one book per year is under 1.3 million, or just 6.5% of...

Debt

ÁKK bond auction slightly exceeds plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 billion of bonds at auction on Thursday, HUF 2.5...

Banking

Hungary edges up in World Bankʼs ease of doing business ranking

Hungary has moved up one place to 52nd in the World Bankʼs latest annual ease of doing business ranking. Ahead...

Debt

ÁKK buys back HUF 11.1 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 11.1 billion of bonds expiring in 2020 and 2021...

MNB

Slovak c/a gap widens in August

Slovakia’s current account deficit rose to EUR 489.5 million in August from EUR 447.8 mln in the same month a...

Ratings

Scope upgrades Hungary’s credit rating to BBB+ from BBB

Germanyʼs Scope Ratings has announced that is is upgrading Hungaryʼs long-term issuer and senior unsecured local- and foreign-currency ratings to...

Debt

Alteo to issue HUF 9.3 bln bond in BGS framework

Listed alternative energy company Alteo on Thursday announced it will issue HUF 9.3 billion of corporate bonds in a private...

MNB

Serbia’s FDI jumps in first seven months of 2019

Serbia has attracted EUR 2.3 billion worth of foreign direct investment (FDI) in the first seven months of 2019, which...

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...

Debt

ÁKK switch auction bond sales slightly below plan

The Government Debt Management Agency (ÁKK) sold HUF 39 billion of bonds maturing in 2023 and 2028 at a switch...

MNB

Hungary has net external financing requirement in August

Hungary recorded an unusual net external financing requirement of EUR 91 million in August, as a EUR 225 mln capital...

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...