Finance

MNB

Bankers calm over East Europe loans

Central Europe’s love affair with foreign currency loans needs careful management, but it does not pose a risk to stability,...

MNB

Bankers calm over East Europe loans

Central Europe’s love affair with foreign currency loans needs careful management, but it does not pose a risk to stability,...

MNB

Bulgarian, Romanian & Czech current-account gaps widened

Bulgaria’s current-account deficit widened to 12%, the Czech gap widened in August to the biggest monthly gap in three years,...

MNB

Gold up 27-year high after dollar declines; silver rises

Gold rose to a 27-year high in London on speculation that a decline in the dollar will prompt investors to...

Banking

Tax system needs more payers

The largest problem facing the current taxation system is the low number of those bearing the common burdens, who are...

MNB

Evraz Group may issue Eurobonds to refund $1.8 bln loan

A spokesman for the Evraz Group S.A. said on Friday the company is considering the issue of Eurobonds to refund...

Ratings

Standard & Poor’s reconsiders Kazakhstan

Standard & Poor’s rating agency lowered Kazakhstan’s credit rating from “stable” to “negative” yesterday. The scale of the foreign crediting...

Banking

Hungary: Single account to confuse social insurance funds

The government might have to give up their program aiming at the decrease of tax administration....

Banking

New twist in business tax reforms has sting

Charging multinationals a corporation tax on the basis of sales in each European Union member state is the latest twist...

Banking

Common corporate tax base wins strong support across EU

FDs polled by KPMG are strongly in favor of a unified EU corporate tax base, citing lower compliance costs and...

Banking

Fighting cross-border tax frauds in the EU

The European Commission is going to present two studies and a bill to the national governments in order to decrease...

MNB

World Bank pledges aid boost for world’s poorest nations

World Bank member countries pledged Thursday to more than double the bank’s aid to the poorest countries and agreed to...

MNB

Romanian market sees low risk from US subprime credit crisis

The risk that the Romanian market gets contaminated by the US subprime mortgage crisis is low, Alpha Bank Romania Executive...

Banking

Hungary: Efforts to curb black economy advance

By a safe estimate, an extra Ft 50 billion ($281.7 million) tax income is being received due to stricter policies...

Banking

Big European companies in favor of EU Tax Harmonization – study

Tax professionals in Europe’s biggest businesses are heavily in favor of European Commission proposals for a harmonized, pan European corporate...

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...