Finance

Trade

Slovakia Trade Surplus Widens in May

Slovakia's trade surplus widened sharply to EUR 686.1 million in May from EUR 104.1 million in the same month a...

Trade

Hungary Trade Surplus at EUR 1.1 bln in May

Hungary's surplus on external trade in goods stood at EUR 1.1 billion in May 2023, according to data published by...

Ratings

S&P Affirms Hungary BBB- Rating, Stable Outlook

S&P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday, according to...

MNB

MNB Int’l Reserves Rise EUR 350 mln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.87 bln at the end of June, up...

Banking

K&H Bank Signs InvestEU Funding Agreement With EIF

Hungary's K&H Bank has signed an agreement with the European Investment Fund (EIF) on accessing the InvestEU guarantee program, the...

Debt

General Gov’t Deficit at 9.8% of GDP in Q1

According to preliminary data published by the Central Statistical Office (KSH), the deficit of the general government sector in the...

MNB

MNB Points to Fiscal Risk of Recapitalization in Report

Mandatory recapitalization of the National Bank of Hungary (MNB) following expected losses due to economic stimulus and measures to bring...

Trade

More Companies Join Outstanding Exporter Partnership Program

Another six companies have joined the Outstanding Exporter Partnership Program, a scheme launched in 2019 to support local companies' presence...

Banking

Faster CEE Growth Faces External Headwinds – UniCredit

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1%...

Banking

Cards Linked to Youth Accounts Spending More in Summer

In the summer months, the turnover of bank cards linked to youth accounts increases significantly, K&H said this week, according...

Trade

Hungary 2nd to Ukraine in German Weapon Imports

The German Ministry of Economy has published the latest arms export data with Hungary almost surpassing Ukraine on the list,...

Debt

Hungary State Debt Ratio Rises to 74.9% at End of Q1

Hungary's state debt relative to GDP reached 74.9% at the end of the first quarter, a second reading of data...

Trade

Illegal Cigarette Traffic Increasing in Hungary

The illegal cigarette market in the European Union continued to grow last year, with France leading the consumption list of...

MNB

MNB Fines Interactive Brokers Central Europe HUF 19 mln 

The National Bank of Hungary (MNB) on Thursday said it fined Interactive Brokers Central Europe HUF 19 mln over shortcomings...

Banking

Bank Branch Salespeople in High Demand

Bank branch salespeople are in high demand, according to an analysis by the business daily Világgazdaság....

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...