Finance

MNB

Alliance Bank to seek $2 bln in loans outside Kazakhstan

AO Alliance Bank, Kazakhstan's fifth-biggest lender by assets, plans to raise a further $2 bln this year through loans and...

Ratings

Moody’s „lost credibility” with new bank ratings

Moody's Investors Service „lost credibility” with investors after it adopted new criteria for rating banks, according to a Merrill Lynch...

Ratings

CreditSights ditches Moody’s „worthless” European bank ratings – extended

CreditSights Inc., an independent bond research firm with 700 subscribing institutions, says it has stopped using European bank ratings from...

MNB

Gold trades near five-week low on equities

Gold in Asia traded near a five-week low as some investors continued to sell the metal to cover losses in...

MNB

Bite raises €300 mln to help finance buyout from TDC

Bite Group, a mobile phone company with customers in Latvia and Lithuania, raised €300 mln ($395 mln) in a sale...

MNB

Gold, little changed, may rise as investors seek haven assets

Gold futures, little changed in New York, may rise on speculation that US equity markets will be increasingly volatile after...

Banking

Russia cuts oil-export tax by $3.18 a barrel after prices fall

Russia, the world's second-biggest oil producer, cut its tax on crude exports by $3.18 a barrel after prices for the...

Banking

Russia may cut corporate tax rate to 20% in three-year plan – extended

Russia may cut its corporate profit tax rate to 20% from 24% as part of a three-year tax policy plan,...

Banking

Russia won’t alter flat income tax of 13%

Russia's government won't raise the 13% personal income tax, the first major bill President Vladimir Putin signed after coming to...

Banking

Constitutional Court rules „expected tax” unconstitutional

Hungary's Constitutional Court in a ruling on Tuesday declared the recently introduced „expected tax”, which taxes even loss-making companies and...

MNB

Ukrainian January state debt Fell 1.37%, finance ministry says

Ukraine's debt declined 1.37% in January after government repayments exceeded borrowing, the finance ministry said....

Ratings

Moody’s blasted for giving Icelandic banks top rating

Moody's Investors Service was blasted by Royal Bank of Scotland Group Plc, Dresdner Kleinwort and Societe Generale SA for new...

Ratings

Ukrainian GDP growth probably topped 5.5% in 2006, Moody’s says

Ukraine's economic growth probably topped 5.5% last year and will continue as industry drives the expansion in the former Soviet...

Ratings

Bulgaria’s outlook raised to positive by Moody’s

The outlook on Bulgaria's long-term foreign and local currency bond ratings was raised to positive from stable by Moody's Investors...

MNB

Transneft’s bonds to get lowest rate for Russian firm

OAO Transneft, Russia's state-owned oil-pipeline operator, will sell at least $1 bln of seven-year bonds at the lowest-ever rate for...

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...