Finance

MNB

MNB urges bigger equity market presence for lenders, insurers

The National Bank of Hungary (MNB) on Monday said it issued a recommendation incentivizing the listing of more Hungarian banks...

Debt

Bosnia end-2021 foreign debt rises

Bosnia and Herzegovina's foreign debt totaled BAM 9.698 billion (EUR 5 billion) at the end of 2021, up from BAM...

Banking

Close to HUF 98 bln of MFB recovery microloans approved

Close to HUF 98 billion of Hungarian Development Bank (MFB) interest-free microloans the government launched in the spring to aid...

MNB

MNB’s BGS subscription close to threshold

The National Bank of Hungary (MNB) has bought HUF 1.465 trillion of corporate securities in the framework of its Bond...

MNB

Matolcsy backs ban on crypto trading, mining in EU

National Bank of Hungary (MNB) governor György Matolcsy took a stand for banning cryptocurrency trading and mining in the European...

Trade

Lithuania trade balance swings to deficit in Dec

Lithuania's trade balance registered a deficit of EUR 409.5 million in December versus a surplus of EUR 127.9 million in...

Trade

Estonia trade deficit widens in December

Estonia's trade deficit rose to EUR 199 million in December from EUR 131 million in the same month last year,...

MNB

MNB leaves 1-week depo rate unchanged

The National Bank of Hungary (MNB) left the rate for its one-week deposit facility unchanged at 4.3% ahead of a...

Banking

Poland central bank raises rates again

Poland's central bank raised interest rates for a second time this year, citing the risk of high inflation that could...

Trade

Slovakia trade balance swings to deficit in Dec

Slovakia's foreign trade balance showed a deficit of EUR 255 million in December versus a surplus of EUR 111.8 million...

Debt

ÁKK sells HUF 25.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 25.5 billion of bonds maturing in 2031, 2033, and 2034 for ones...

MNB

Policymakers ‘unanimously favor’ 50 bp base rate hikes, minutes show

Members of the Monetary Council of the National Bank of Hungary (MNB) were in unanimous agreement on the degree to...

Debt

Serbian public debt at 56.9% of GDP in Dec

Serbia's public debt stood at EUR 30.13 billion at the end of December 2021, accounting for 56.9% of GDP, news...

Debt

Gen gov’t finishes January with surplus

Hungary's cash flow-based general government, excluding local councils, had a HUF 151.3 billion surplus at the end of January, state...

Trade

Volume of Hungarian exports to Serbia up 40%

The volume of Hungarian exports to Serbia was almost 40% higher in the first eleven months of 2021, than in...

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...