Finance

Debt

Latvia C/A deficit widens in May

Latvia's current account deficit widened to EUR 291 million in May from EUR 174 million in the corresponding month of...

Banking

OTP closes Albanian acquisition

OTP Bank on Monday announced the close of the acquisition of Alpha Bank Albania, according to a report by state...

Ratings

Fitch upgrades Croatia to ‘BBB+’, outlook stable

Fitch Ratings said it has upgraded Croatia to 'BBB+' with stable outlook reflecting the forthcoming euro adoption by the country...

Trade

Bird flu restrictions lifted, paving way for restart of exports

Hungarian food safety authority NÉBIH on Friday said it lifted the last restrictions in place because of earlier outbreaks of...

Debt

Hungary C/A deficit reaches EUR 370 mln in May

Hungary's current account had a EUR 370 million deficit in May, state news wire MTI reports citing preliminary monthly data...

Banking

N. Macedonia’s central bank raises key policy rate 

North Macedonia's central bank said on Wednesday it decided to increase its policy rate by 0.50 percentage points (pp) to...

MNB

MNB to hold daily FX swap tenders providing EUR liquidity from Jul 15

The National Bank of Hungary (MNB) on Thursday said it will start holding FX swap tenders providing euro liquidity on...

Banking

Banking sector forint liquidity falls on swaps impact

Forint liquidity of Hungary's banking sector declined in June as the central bank held end-of-quarter swap tenders providing euro liquidity,...

MNB

MNB raises base rate by 200 bp to 9.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 200 bp to...

Debt

ÁKK auctions off HUF 15 bln of 3-month T-bills, as planned

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

MNB

MNB holds 1st within-quarter euro liquidity swap tender

The National Bank of Hungary (MNB) held its first swap tender providing euro liquidity within a quarter on Friday, according...

Debt

Gen gov’t deficit reaches HUF 2.892 tln at end-June

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.892 trillion at the end of June, the Finance...

Banking

Romania’s c. bank raises key rate further

Romania's central bank raised its monetary policy rate on Wednesday amid rampant inflation due to increased prices for electricity and...

Trade

Surplus on external trade in goods at EUR 135 million in May

Hungary's surplus on external trade in goods amounted to EUR 135 million in May, according to data published by the...

MNB

MNB raises 1-week deposit rate 200 bp to 9.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 200 bp to 9.75% ahead...

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...