Finance

MNB

Macedonia to repay loan debt to IMF before deadline

Macedonia will pay back the debt owned to the International Monetary Fund early, Prime Minister Nikola Gruevski announced....

MNB

Poland’s economic growth expected to surpass 6% in 2007

Poland's economic growth will reach 6. 1% this year, the same as last year, the Polish news agency PAP reported...

MNB

Hungarian Tax Office publishes new shame list

1,908 individuals had tax arrears of over Ft 10 million on March 31 this year, a new debtors’ list posted...

Debt

BP tipped to win auction for Pakistani oil company

BP is a front-runner to win a controlling stake of Pakistan State Oil (PSO) in a deal worth around $600...

Banking

Romania to change disputed tax on cars

Romania will change a disputed tax on cars designed to keep out second-hand vehicles after the European Union warned that...

Ratings

S&P: Emerging Europe is at risk of overheating

Fuelled by burgeoning credit and domestic demand, the fast-growing emerging European economies might be getting dangerously hot, Standard & Poor's...

MNB

Belgians pay $1 bln for Absolut Bank

Belgium's KBC on Wednesday became the latest foreign group to grab a slice of Russia's booming lending market, buying second-tier...

MNB

Croatia attracts €2.83 bln foreign investment in 2006

Croatia attracted €2.83 billion ($3.679 billion) foreign direct investment (FDI) in 2006, the highest annual FDI since 1993, the Croatian...

MNB

Macedonia to repay $137 mln of its debt earlier than planned

Macedonia will repay $137 million of its foreign debt earlier than planned, the government said Wednesday....

MNB

Euro climbs to highest level against dollar in two years

The euro soared against the US dollar on Friday, crossing the psychological barrier of 1.35 dollars for the first time...

Banking

EU to tighten savings tax law, report says

European Taxation Commissioner László Kovács wants to tighten the two-year-old EU law that taxes foreign savings so that offshore tax...

Ratings

S&P: Romania’s outlook cut to ‘stable’ on lack of political visibility

Standard & Poor's Ratings Services said it has cut Romania's outlook to 'stable' from 'positive' to reflect the protracted lack...

Banking

Czech government plans to cut tax, welfare to fix public finances

The Czech centre-right coalition intends to overhaul the tax system and cut various welfare benefits in order to curb troubled...

MNB

Latvia’s central bank says: trade deficit almost doubled in 2006

Latvia's current-account deficit in 2006 almost doubled to a massive 21.1% of GDP, up from 12.6% in 2005, the Bank...

Banking

Hungarian gov’t decides against revising „reasonable tax”

Hungary’s government has decided against submitting a new version of the „reasonable tax” to Parliament, but will rely on stricter...

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...