Finance

Debt

ÁKK Auctions off HUF 15 bln of 3-mo T-bills

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Budapest Bourse, China Construction Bank Sign MoU

The Budapest Stock Exchange and China Construction Bank (CCB) have signed a memorandum of understanding on forging ties and knowledge...

MNB

MNB Dep Governor Flags Cut to O/N Collateralized Loan Rate

National Bank of Hungary (MNB) deputy governor Barnabás Virág said the central bank's Monetary Council could decide to reduce the...

Banking

China Construction Bank Opens Branch in Hungary

China Construction Bank (CCB), the world's second-biggest bank by assets, opened a branch in Hungary on Wednesday, according to a...

Trade

Gov’t Issues Decree on Ukrainian Grain Ban

Hungary's government has issued a decree temporarily banning imports of Ukrainian grain and other farm products in the latest issue...

Banking

New Home Loans Reach 6-year Low

The number of new home loans in February fell to less than a third of the year before, to HUF...

MNB

MNB Bonds Soak up Banking Sector Liquidity in March

The average stock of National Bank of Hungary (MNB) bonds rose in March, indicating an increase in the banking sector's...

Trade

Hungary Enforces Ukrainian Grain Ban

Hungarian officials are checking all shipments of Ukrainian grain arriving at the country's border, via road and rail, and are...

Debt

Lithuania C/A Balance Switches to Surplus in Feb

Lithuania recorded a current account surplus of EUR 227.76 million in February, shifting from EUR 277.06 mln deficit in the...

Trade

Hungary Bans Imports of Ukrainian Farm Products

Hungary is banning imports of Ukrainian grain, oilseed, and other farm products until June 30 to allow time for a...

Debt

Hungary C/A Deficit Narrows to EUR 160 mln in February

Hungary had a EUR 160 million current-account deficit in February, data released by the National Bank of Hungary (MNB) on...

Banking

Hungary to Withdraw From IIB

Hungary will exit the International Investment Bank (IIB) and recall its delegates from the lender, the Economic Development Ministry said...

Debt

Gen Gov’t Deficit Close to HUF 2.09 tln in March

Hungary's cash flow-based general government balance finished March with a HUF 2.09 trillion deficit, the Finance Ministry said in a...

Debt

Slovenia Records EUR 325 mln Budget Deficit in Q1

Slovenia's consolidated budget was in deficit of EUR 325 million in the first quarter of 2023, the Finance Ministry said...

MNB

MNB Int’l Reserves Rise EUR 91 mln in March

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.762 billion at the end of March, up...

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...