Finance

Debt

ÁKK sold HUF 27 bln of bonds at Wednesday switch auction

Hungary's State Debt Management Agency (ÁKK) sold HUF 27 billion of bonds maturing in 2029, 2031 and 2034 in exchange...

Trade

Albania 9-month trade gap widens

Albania's trade deficit rose by 23.9% year-on-year in the nine months through September, reaching ALL 290 billion (EUR 2.4 billion),...

MNB

Policymakers raise base rate 15 bp to 1.8%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 15...

Banking

Eximbank launching new tranche of bonds

Eximbank will launch the first tranche of 2022/5 bonds and the third tranche of 2029/1 bonds on October 25, according...

Debt

Poland c/a deficit jumps in Aug

Poland's current account posted a EUR 1,686 million deficit in August, switching from a EUR 995 million surplus in the...

Ratings

Moody’s changes Romania’s outlook to stable from negative

Moody's Investors Service said it has changed the outlook on Romania to stable from negative and affirmed the 'Baa3' foreign...

Banking

OTP establishes 2 employee stock ownership programs

Shareholders of OTP Bank decided to establish two "Special Employee Stock Co-ownership Programs" (SECOPS) and sell them up to HUF...

Banking

EBRD lending EUR 5 mln to UniCredit’s Bosnian unit to support SMEs

The European Bank for Reconstruction and Development (EBRD) said on Thursday it is providing a loan of up to EUR...

Debt

Latvia c/a switches to deficit in August

Latvia's current account switched to a deficit of EUR 28 million in August from a EUR 1 million surplus in...

Debt

Hungary C/A deficit widens in August 

Hungary's current account had a deficit of EUR 1.035 billion in August, widening from a EUR 267 million gap in...

MNB

Banking sector liquidity declines in September

Forint liquidity of Hungary's banking sector declined in September, primarily due to the swap facility providing euro liquidity at the...

Debt

ÁKK sells HUF 65 bln of securities at auction, above plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 65 billion of securities at auction on Thursday, HUF 10...

Banking

EBRD approves EUR 4 mln loan to Bosnian microfinance firm for residential green investments

The European Bank for Reconstruction and Development (EBRD) said it has approved a senior unsecured loan of up to EUR...

Trade

Bulgaria trade gap widens in August

Bulgaria's trade deficit widened to BGN 715.2 million (EUR 365.7 million) in August from BGN 441.5 million in the corresponding...

Banking

Serbia c. bank’s FX reserves rise in Sept

The foreign exchange (FX) reserves held by Serbia's central bank rose to EUR 16.802 billion at the end of September,...

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...