Finance

Banking

Hungary: Surányi on tax reform

Tax reform is possible without risking social security in Hungary, said former central bank (MNB) governor György Surányi in the...

Banking

Romania changes vehicle tax under EU pressure

Romania’s government Monday ordered changes in the nation’s vehicle registration tax, bowing to European Union authorities who deemed it an...

Banking

Romania changes vehicle tax under EU pressure

Romania’s government Monday ordered changes in the nation’s vehicle registration tax, bowing to European Union authorities who deemed it an...

MNB

UK unveils £50 bln credit crunch plan for banks

The Bank of England unveiled an ambitious plan on Monday to swap banks’ risky mortgage assets for at least £50...

MNB

UK unveils £50 bln credit crunch plan for banks

The Bank of England unveiled an ambitious plan on Monday to swap banks’ risky mortgage assets for at least £50...

MNB

Gold hits four-week high

Gold reached a four-week high Thursday morning in London, recording an AM Fix of $951.50 per ounce as investors and...

MNB

Gold hits four-week high

Gold reached a four-week high Thursday morning in London, recording an AM Fix of $951.50 per ounce as investors and...

MNB

Polish interest rates should rise further

Poland’s Monetary Policy Council (MPC) should raise interest rates further and a hike at an upcoming April meeting may be...

MNB

Polish interest rates should rise further

Poland’s Monetary Policy Council (MPC) should raise interest rates further and a hike at an upcoming April meeting may be...

Ratings

S&P: Period of emerging sovereign upgrades exceeding downgrades nears end

A five year run of emerging market sovereign upgrades exceeding downgrades may be nearing an end, according to an article...

Ratings

S&P: Period of emerging sovereign upgrades exceeding downgrades nears end

A five year run of emerging market sovereign upgrades exceeding downgrades may be nearing an end, according to an article...

MNB

High demand and rise in buying power sustain gold trade in UAE

Despite the volatile global financial climate, the gold and jewellery business in the UAE will continue to sustain its growth...

MNB

High demand and rise in buying power sustain gold trade in UAE

Despite the volatile global financial climate, the gold and jewellery business in the UAE will continue to sustain its growth...

Banking

Economy looms large in Italy’s general election – analysis

Economic concerns weighed heavily on most voters Sunday as polls opened in Italy’s general elections. The central-right leader Silvio Berlusconi...

Banking

Economy looms large in Italy’s general election – analysis

Economic concerns weighed heavily on most voters Sunday as polls opened in Italy’s general elections. The central-right leader Silvio Berlusconi...

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...