Finance

Debt

ÁKK Sells HUF 45 bln of Bonds at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 45 billion of bonds at auction on Thursday, HUF 15 bln more...

Debt

ÁKK sells HUF 20 bln of 3-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Application Deadline for Diákhitel Plusz Credit Approaches

State-owned student loan provider Diákhitel on Friday said that the deadline for applying for Diákhitel Plusz credit, a one-time general-purpose...

Debt

Hungary State Debt Ratio Reaches 77.5% at End-Q2

Hungary's state debt relative to GDP reached 77.5% at the end of the second quarter, state news wire MTI reports,...

Debt

Romania Public Debt Hits 50% of GDP in Jan-May

Romania's public debt reached RON 614.3 billion (EUR 124.3 billion) at the end of May after the government raised EUR...

Banking

Takarék Mortgage Bank Balance Sheet Expands 18%

Total assets of Takarék Mortgage Bank, a member of Magyar Bankholding, stood at HUF 758 billion at the end of...

Ratings

S&P Affirms OTP Rating, Revises Outlook to Negative

S&P Global Ratings on Tuesday affirmed OTP Bank's "BBB" long-term issuer credit rating, but revised the outlook on the rating...

Debt

ÁKK Sells HUF 22 bln of 3-month T-bills at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 22 billion of discount three-month T-bills at auction on Tuesday, raising its...

Debt

Polish C/a Gap Widens in June

Poland's current account deficit widened to EUR 1,468 million in June from EUR 464 million in the corresponding period of...

Banking

Hungary Leasing Market Expands 20%

Leasing outlays in Hungary rose 20% year-on-year to HUF 420.2 billion in the first half, the Hungarian Leasing Association said...

Trade

Latvia Trade Deficit Narrows in June

Latvia's foreign trade deficit narrowed to EUR 381.5 million in June from EUR 410.1 million in the corresponding month last...

Ratings

S&P Affirms Hungary ‘BBB’ Rating; Outlook Revised to Negative

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating, but revised the outlook to negative from stable at a scheduled review...

MNB

Banking Sector Forint Liquidity Rose in July

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

Banking

Gránit Bank Acquiring Majority Stake in Equilor

Gránit Bank is acquiring a 50%-plus-one-vote stake in independent brokerage and investment company Equilor Investment Ltd., the parties said on...

MNB

Cash in Circulation Increased in July

The amount of cash in circulation increased even further in July, even though the Hungarian monetary deterioration reached its 24-year...

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...