Finance

MNB

Orlen of Poland to sell 750 mln zloty of bonds on February 27

PKN Orlen SA, Poland's largest oil company, will sell 750 mln zloty ($253 mln) of bonds on February 27....

Ratings

S&P cuts Latvian outlook to negative on growing risks

Standard & Poor's lowered Latvia's outlook to negative from stable as the Baltic state's economic growth, the fastest in the...

MNB

Bulgarian January sovereign foreign debt rises to €4.7 bln

Bulgaria's sovereign foreign debt rose to €4.7 billion ($6.18 billion) at the end of January on new loans and exchange-rate...

Banking

Hungary’s Veres sees no „substantial” tax changes through 2009

Hungary's government will hold off on major changes to its tax system through 2009 while it discusses proposals with business...

MNB

FinMin says forint securities issues to fall 10% in 2007

The State Debt Management Centre (AKK) plans Ft 7,067 billion of forint denominated securities issues in 2007, 10% less than...

MNB

Gold climbs to highest since July on dollar’s drop against euro

Gold in New York rose to the highest since July as a decline in the value of the dollar boosted...

Banking

EU seeks talks with Switzerland on company tax breaks

European Union regulators are seeking talks with Switzerland over regional tax laws that the EU claims gives the nation an...

MNB

Budapest Bank profits slip because of expansion costs

Budapest Bank, a member of GE's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006,...

Banking

China will offer tax rebates for machine parts, materials

China will give tax rebates to domestic companies on imports of machine parts and materials that can't be procured within...

Banking

Yukos owes more than $26.8 bln, bankruptcy supervisor says

OAO Yukos Oil Co. owes more than 709 bln rubles ($26.8 bln) to creditors, the external manager of the bankrupt...

MNB

IMF’s de Rato says G-7 countries open minded on gold sales

International Monetary Fund Managing Director Rodrigo Rato said the Group of Seven leading industrialized nations were „open-minded” about allowing the...

MNB

Gold rises to 6-month high on metal’s appeal as inflation hedge

Gold prices in New York rose to the highest in more than six months as a jump in energy costs...

MNB

Romanian central bank cuts benchmark rate cut to 8%

Romania's central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation...

Ratings

Ukraine credit rating may be raised by Moody’s, S&P on growth

Ukraine's credit ratings may be lifted this year by international credit agencies including Moody's Investors Service and Standard & Poor's...

Banking

Romanian budget gap widens on spending for EU entry

Romania's state budget deficit widened to 1.7% of GDP last year from 0.8% in 2005 as spending increased before the...

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...