Finance

Trade

Slovakia trade surplus falls in October

Slovakia's trade surplus decreased in October, data from the country's Statistical Office showed on Thursday....

Banking

EBRD extends EUR 5 mln to Banka për Biznes in Kosovo

The European Bank for Reconstruction and Development said in a statement it is extending a EUR 5 million loan to...

Trade

Deficit on external trade in goods widens in October

The value of exports fell to EUR 10.368 billion, while that of imports rose to EUR 10.703 bln in October...

Trade

Czech trade balance swings to deficit in Oct

The Czech Republic posted a CZK 18.2 billion (EUR 714.4 million) deficit in October, compared with a CZK 31.11 billion...

Banking

MNB raises 1-week depo rate by 20 bp to 3.3%

The National Bank of Hungary (MNB) announced a rate of 3.3% for its one-week deposit facility ahead of a tender...

Banking

EBRD lends EUR 20 mln to OTP Banka Serbia to on-lending SMEs

The European Bank for Reconstruction and Development said it is extending a loan of RSD 2.3 billion (appr. EUR 20...

Banking

Banking sector profits double in Q1-Q3 

Net profit of Hungary's banking sector rose 111% year-on-year to HUF 642 billion in Q1-Q3, as impairment declined and business...

Debt

Serbian public debt stays at 56.5% of GDP in October

Serbia's public debt stood at EUR 29.61 billion at the end of October, accounting for 56.5% of GDP, the same...

Banking

Black Sea Bank to help Bulgarian SMEs

Bulgaria's National Guarantee Fund (NGF) and the Black Sea Trade and Development Bank (BSTDB) signed a Framework Agreement for a...

Debt

Stimulus lifts gen gov’t deficit to HUF 3.931 tln in Nov

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 3.931 trillion at the end of November, widening on...

MNB

MNB int’l reserves fall EUR 568 mln in November

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.993 billion at the end of November, down...

Banking

Moldova hikes key rate by 100 bp

The National Bank of Moldova raised its benchmark interest rate by 100 basis points to 6.5% on Friday, citing inflationary...

Trade

Q3 freight sector performance still below pre-COVID levels

The performance of the freight transport sector in Hungary edged up 0.3% year-on-year from a low base to 13.1 bln...

Banking

Prenatal baby support loans at HUF 1.502 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.502 trillion at the end of October, up HUF...

MNB

MNB announces December dates for FX swap tenders 

The National Bank of Hungary (MNB) on Friday announced dates for FX swap tenders providing euro liquidity and a discount...

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...