Finance

Banking

EBRD invests EUR 5 mln in Lithuanian Green Bond

The European Bank for Reconstruction and Development said it is investing EUR 5 million in a EUR 25 million Green...

Banking

Value of bank card purchases up 21% y.o.y. in Q3 

The value of purchases in Hungary made with locally-issued bank cards climbed 21% year-on-year to HUF 2.457 trillion in the...

MNB

MNB raises 1-week depo rate by 30 bp to 3.6%

The National Bank of Hungary (MNB) announced a rate of 3.6% for its one-week deposit facility ahead of a tender...

Debt

Polish c/a switches to deficit in October

Poland's current account switched to a EUR 1.791 billion deficit in October, from a downwardly revised EUR 1.55 bln surplus...

MNB

Rate-setters expect CPI to ‘fall gradually’ from November peak

The Monetary Council of the National Bank of Hungary (MNB) said CPI peaked in November and is expected to "fall...

MNB

4iG raises more than HUF 291 bln with BGS bond issue

Listed IT company 4iG raised HUF 291.4 billion in proceeds from security issued in the framework of the Bond Funding...

Ratings

S&P revises Serbia’s outlook to positive

Standard & Poor's said it has affirmed Serbia's long-term and short-term foreign and local currency sovereign credit ratings at BB+/B,...

Trade

Bulgaria trade gap widens on October

Bulgaria's trade deficit widened to BGN 776.3 million (EUR 396.9 million) in October from BGN 697.5 million in the corresponding...

Banking

Hungary issues green panda bond

Hungary has become the first country in the world to successfully issue a green "panda" bond - targeted at the...

Debt

Hungary C/A deficit reaches EUR 817 mln in Oct

Hungary's current account had an EUR 817 million deficit in October, widening from a EUR 393 mln gap in the...

MNB

Policymakers raise base rate 30 bp to 2.4%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 30...

Trade

Lithuania trade balance swings to deficit in Oct

Lithuania's trade balance registered a deficit of EUR 336.9 million in October versus a surplus of EUR 31.1 million in...

MNB

Weekly QE purchases of gov’t bonds at 50% of target

The National Bank of Hungary (MNB) bought HUF 20 billion of government securities in the framework of a quantitative easing...

Banking

Erste Bank Hungary issues debut, HUF 10.43 bln green bond

Erste Bank Hungary on Monday announced the issue of a HUF 10.43 billion green mortgage bond, the lender's first, according...

Banking

Banking sector liquidity rises in November

Forint liquidity of Hungary's banking sector increased in November, mainly reflected in an increase in credit institutions' average stock of...

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...