Finance

Banking

Romania raises key interest rates

The National Bank of Romania raised its benchmark interest rate by 50 basis points to 3% at Tuesday, matching expectations...

Trade

Slovenia exports rise in February

Slovenia's trade balance registered a deficit in February as imports rose faster than exports, figures from the statistical office showed...

Debt

ÁKK sells HUF 50 bln of 3-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Romania’s c. bank FX reserves down in March

Foreign exchange reserves at the National Bank of Romania fell to EUR 40.143 billion in March, from EUR 41.877 billion...

Banking

Takarékbank fined for violations

The National Bank of Hungary (MNB) on Tuesday said it fined Takarékbank HUF 23 million for violating central bank and...

Debt

ÁKK reaches 32% of annual issue plan at end-March

The Government Debt Management Agency (ÁKK) has said it reached 32% of its annual issue plan by the end of...

Banking

Household deposits up to HUF 807 bln in February

Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax...

Trade

Serbia’s Jan-Feb trade gap widens

Serbia's foreign trade deficit increased by 139.1% on the year in the first two months of 2021, reaching USD 1.97...

MNB

MNB discontinues HUFONIA Swap Index

The National Bank of Hungary published the daily fixing of its HUFONIA Swap Index for the last time on last...

Debt

Hungary ESA gov’t deficit ratio reaches 6.8% in 2021

Hungary's government sector had a HUF 3.736 trillion deficit in 2021, equivalent to 6.8% of GDP, calculating with the European...

Banking

Budapest Bank, MKB Bank merger complete

The legal merger of the two-member banks of Hungarian Bankholding: Budapest Bank and MKB Bank, was completed at midnight on...

Trade

Slovenia’s import prices rise in February

Slovenia's import prices grew 26.7% year-on-year in February, following a 26.4% rise in January, figures from the Ljubljana-based Central Statistical...

MNB

MNB keeps 1-week deposit rate at 6.15%

The National Bank of Hungary (MNB) left the rate for its one-week deposit facility unchanged at 6.15% ahead of a...

Banking

EBRD approves EUR 20 mln loan to Kosovo’s Procredit Bank to back SMEs

The European Bank for Reconstruction and Development (EBRD) said it approved a EUR 20 million loan to ProCredit Bank Kosovo...

Banking

Budapest Bank earnings over HUF 6 bln in 2021

Budapest Bank had a comprehensive income of HUF 6.2 billionn last year, the lender said on Wednesday, according to a...

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...