Finance

Trade

Gov’t extends mandatory reporting for grain exports

Hungary's government has extended a measure mandating reporting of grain exports by two months until the middle of July, Agriculture...

Debt

ÁKK sells HUF 42 bln of securities at auction, fraction over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 42 billion of securities at auction on Thursday, HUF 2...

MNB

MNB raises 1-week deposit rate 30 bp to 6.45%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 30 bp to 6.45% ahead...

Banking

Willingness to borrow increases

Hungarians' willingness to borrow has increased as 12% of those surveyed plan to borrow in the next year, up by...

MNB

Policymakers raise base rate 100 bp to 5.4%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 100...

Debt

Government deficit reached HUF 2.309 tln in March

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.309 trillion at the end of March, the Ministry...

MNB

MNB updates lenders’ guidance for troubled retail borrowers

The National Bank of Hungary (MNB) on Tuesday said it issued an updated set of steps lenders must take before...

Banking

K&H issues debut green bond

K&H, the local unit of Belgium's KBC, issued a HUF 15 billion green bond, the lender's first, on Monday, according...

Debt

Latvia’s state budget deficit at 7.3% of GDP in 2021

In 2021, general government budget deficit accounted for EUR 2.4 billion, or 7.3% of the gross domestic product (GDP) and...

Banking

Value of sustainable investments supported by K&H quadrupled in 2021

The value of sustainability investments supported by K&H quadrupled last year, and the financing of renewable energy production reached HUF...

Debt

ÁKK sells HUF 60 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold HUF 60 billion of bonds at auction on Thursday, HUF 20 bln more...

Debt

Polish c/a switches to deficit in February

Poland recorded a current account deficit of EUR 2.871 billion in February, from a EUR 276 million surplus in the...

MNB

Pallas Athéné Foundation assets close to HUF 281 bln

Assets of the National Bank of Hungary's Pallas Athéné Foundation reached HUF 280.8 billion at the end of the first...

Banking

SME lending market grew rapidly even during pandemic

Since 2019, the stock of loans to small and medium-sized enterprises in Hungary has continued to grow dynamically, despite the...

Banking

N. Macedonia’s c. bank raises key rate

North Macedonia's central bank said on Wednesday it decided to raise its policy rate by 0.25 percentage points, to 1.5%,...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...