Finance

Trade

Rail Trade Turnover at Ukrainian Border Improving

The turnover of vegetable products on the Ukrainian-Hungarian railway border around Záhony (300 km northeast of Budapest) has increased by...

Ratings

Scope Raises Metál Hungária Credit Rating

During its regular annual review, Scope Ratings upgraded the credit rating of hall builder Metál Hungária Holding Zrt. from the...

MNB

MNB Raises Mandatory Reserve Requirement to 5% From Oct 1

Local lenders' mandatory reserve requirement will rise from 1% to 5% from October 1, in line with a decision by...

MNB

Rate-Setters Highlight ‘Key Role’ of Effective Monetary Transmission

Members of the Monetary Council of the National Bank of Hungary (MNB) pointed to the "key role" played by the...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

MNB

MNB Researches Financial Risks Posed by Decline in Biodiversity

The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Trade

Hungarian British Business Association Leads Trade Delegation to Budapest

A London-based business organization founded in January of this year to promote trade between Britain and Hungary will be hosting...

Debt

General Gov’t Deficit at HUF 2.8 tln in August

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.872 trillion at the end of August, the Ministry...

Trade

Trade Deficit Grows to EUR 1.1 bln in July

Hungary's deficit on external trade in goods rose to EUR 1.1 billion in July 2022, according to data published by...

Debt

Serbia Swings to Budget Surplus in Jan-July

Serbia's budget was in surplus of RSD 1.15 billion (EUR 9.8 million) in the first seven months of 2022, compared...

MNB

MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term...

MNB

MNB Int’l Reserves Rise EUR 663 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.506 billion at the end of August, up...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

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...