Finance

MNB

Indians melt down gold jewelry as prices soar

The liquid gold bubbling in giant vats at a refinery near Mumbai attests to the sentiment on the streets of...

Banking

Russia’s bankrupt oil giant Yukos overpays tax bill – newspaper

Russian oil company Yukos, declared bankrupt in a $30 billion tax claim, has overpaid its tax bill by more than...

Banking

Russia’s bankrupt oil giant Yukos overpays tax bill – newspaper

Russian oil company Yukos, declared bankrupt in a $30 billion tax claim, has overpaid its tax bill by more than...

Banking

Hungary growth picking up to 2.3% in 2008 – extended

Economic think-tank Pénzügykutató projects Hungary’s economic growth will pick up to 2.0-2.5% -- though most likely 2.3% -- in 2008,...

Banking

Hungary growth picking up to 2.3% in 2008 – extended

Economic think-tank Pénzügykutató projects Hungary’s economic growth will pick up to 2.0-2.5% -- though most likely 2.3% -- in 2008,...

MNB

China fund takes $2.8 bln stake in France’s Total – paper

The body that manages the bulk of China’s $1.65 trillion in foreign exchange reserves has bought a $2.8 billion stake...

MNB

China fund takes $2.8 bln stake in France’s Total – paper

The body that manages the bulk of China’s $1.65 trillion in foreign exchange reserves has bought a $2.8 billion stake...

Debt

Gazprom places $1.5 bln in Eurobonds

Gazprom has placed $1.5 billion in Eurobonds under its program of foreign borrowing to raise funds for corporate development and...

Debt

Gazprom places $1.5 bln in Eurobonds

Gazprom has placed $1.5 billion in Eurobonds under its program of foreign borrowing to raise funds for corporate development and...

Banking

Russian officials clash on economy’s temperature

Russia’s top economic policymakers disagreed publicly on Tuesday on whether the economy is overheating, highlighting a growing rift over strategy....

Banking

Russian officials clash on economy’s temperature

Russia’s top economic policymakers disagreed publicly on Tuesday on whether the economy is overheating, highlighting a growing rift over strategy....

Banking

Russia unveils oil, gas tax cut proposals

The Russian Finance Ministry unveiled on Monday a series of tax break proposals for oil and gas industries as part...

Banking

Russia unveils oil, gas tax cut proposals

The Russian Finance Ministry unveiled on Monday a series of tax break proposals for oil and gas industries as part...

MNB

Hungary’s net foreign debt up €9.721 bln in 2007

Hungary’s net foreign debt (excluding ‘other capital’ within direct investment) rose €9.721 billion in 2007 to €40.716 billion at the...

MNB

Hungary’s net foreign debt up €9.721 bln in 2007

Hungary’s net foreign debt (excluding ‘other capital’ within direct investment) rose €9.721 billion in 2007 to €40.716 billion at the...

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...