Finance

Debt

Lithuania C/A Swings to Deficit in August

Lithuania recorded a current account deficit of EUR 286.8 million in August, compared with a EUR 107.3 million surplus from...

Banking

Sberbank Depositors to Receive Full Claim, MNB Dep. Governor Says

The depositors of Sberbank will receive their full claim, with compensation starting next week, Csaba Kandrács, deputy governor of the...

Debt

Hungary C/A Deficit Edges up to EUR 1.693 bln in Aug

Hungary's current account had a EUR 1.693 billion deficit in August, slightly up from a HUF 1.674 bln deficit in...

Banking

MNB Fines Raiffeisen HUF 52 mln for Violations

The National Bank of Hungary (MNB) on Saturday said it fined Austrian-owned Raiffeisen Bank HUF 52 million for violating the...

MNB

MNB Raises O/N Collateralised Lending Rate by 950 bp to 25%

The Monetary Council of the National Bank of Hungary (MNB) on Friday announced a decision to raise the rate on...

Trade

Bulgaria Trade Deficit Slightly Widens in Aug

Bulgaria's trade deficit rose to BGN 704.9 million (EUR 360.4 million) in August, slightly widening from the BGN 647.30 million...

Trade

Hungary’s Trade Deficit Reaches EUR 1.3 bln in August

Hungary's external trade in goods deficit reached EUR 1.3 billion in August, according to data published by the Central Statistical...

Debt

Gen Gov’t Runs HUF 181 bln Surplus for September

Hungary's cash flow-based general government deficit, excluding local councils, had a HUF 2.692 trillion deficit at the end of September,...

Banking

Volume of Consumer Credit Contracts Falls 8%

The volume of consumer credit contracts concluded in the first eight months of the year fell by nearly 8% compared...

MNB

MNB Int’l Reserves Rise EUR 2.23 bln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 38.74 bln at the end of September, up...

Banking

Romania C. Bank Raises Rates Further

Romania's central bank hiked the key policy rate on Wednesday, for the ninth session in a row, in a bid...

MNB

MNB Allots HUF 2 bln at Discount Bill Auction

The National Bank of Hungary (MNB) allotted HUF 2 billion of discount bills at the first auction of the liquidity...

Banking

Romanian Central Bank FX Reserves Rise in Sep

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EU 43.711 billion at the end...

Trade

Hungary Food, Farm Exports Climb 26% in H1

Hungary's first-half exports of agriculture and food products rose 26% year-on-year to EUR 6.519 billion, state news wire MTI writes...

MNB

MNB Announces Launch Dates for Deposit Tender, Discount Bill Auction

The National Bank of Hungary (MNB) on Tuesday announced launch dates for a variable-rate deposit tender and a regular auction...

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...