Finance

MNB

Russian economy grows more than 7.5% in H1, 2007

The Russian economy grew more than 7.5% in the first half of 2007, the head of the presidential expert department...

MNB

UBS to pay $115 mln to settle Enron case

Swiss bank giant UBS AG has agreed to pay Enron Corp. creditors $115 million to settle a lawsuit related to...

MNB

Savings still strong in Romania after central bank cuts interest rate

The people's deposits in Romania see a record increase of more than 40% at the end of April against the...

Ratings

Fitch cautions on future policy risks

Credits risks in Europe's emerging economies are growing, especially in the Baltic states, where the economies are showing signs of...

Banking

Hungary needs fundamental changes to reach fiscal goals-3, says IMF

On monetary policy, Lipsky said that monetary policy authorities need to play a supportive role in the process of establishing...

MNB

Trade deficit down Ft 92 billion

Hungary's revised Q1 trade deficit came in at €287 million, €371 million ($385.7 million) less than a year earlier, the...

Banking

China raises stamp tax on securities to cool stock market

China will raise the stamp tax on securities trading from the current 0.1% to 0.3% beginning May 30, the Ministry...

MNB

World Bank warns of debt risks

Banks and companies in some Central European countries, including Hungary, have borrowed large amounts in foreign currencies, which could pose...

Banking

Tax-cut war widens in Europe

A tax-cut war is spreading across Europe as leaders of the Continent's biggest economies give up criticizing smaller neighbors for...

MNB

Should Central Banks manipulate the gold price?

In today's world, perhaps Central Bank intervention to control the gold price may not be counter to the gold investor's...

Ratings

Latvia fears Asia-style bank crisis

Investors are nervously watching Latvia for signs that unsustainable credit growth across Eastern Europe could set off an Asian-style banking...

Banking

Parliament passes new tax legislation

The government majority has passed a law in Parliament yesterday that gives tax authority APEH broader investigative jurisdictions aimed at...

Ratings

Fitch sees ‘promising start’

Fitch Ratings finds the budget consolidation program of the Hungarian government to be a promising start, but as the persistent...

Banking

Superior Industries reports financial results for the Q1 2007

Superior Industries International, Inc. today announced financial results for the Q1 of 2007....

MNB

Large gold ores deposit found in central China

A large gold deposit has been found in Xinshao County, central China's Hunan Province, according to local sources....

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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

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...