Finance

Trade

HEPA: Exports could reach EUR 120 bln in 2021

Based on the performance of the first half of the year, this year's exports could approach EUR 120 billion, business...

Trade

Polish fuel giant to build plant in Lithuania

Poland's biggest oil refiner PKN Orlen announced on Friday it would build a EUR 641 million (appr. USD 742 million)...

Debt

ÁKK sells HUF 15 bln of discount 3-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

EBRD provides EUR 72 mln loan to Polish DL Invest Group

The European Bank for Reconstruction and Development announced that is boosting the development of green industrial and logistics real estate...

Debt

Serbian public debt slightly rises in Aug

Serbia's public debt stood at EUR 28.47 billion at the end of August, accounting for 54.3% of GDP, state news...

MNB

MNB accepts no bids at weekly FX swap tender

The National Bank of Hungary (MNB) accepted no bids at a weekly tender on Monday for FX swaps, a facility...

Trade

Czech trade balance turns to deficit in Aug

Czech Republic's trade balance registered a deficit of CZK 28.06 billion (EUR 1.1 billion) in August versus a surplus of...

Trade

Deficit on external trade in goods up in August

The deficit on external trade in goods amounted to EUR 467 million in August, with the value of imports rising...

Debt

ÁKK sells HUF 58.5 bln of bonds at auction, above plan

The Government Debt Management Agency (ÁKK) sold HUF 58.8 billion of bonds at auction on Thursday, HUF 18.5 bln more...

Banking

Poland c. bank raises rates unexpectedly

Poland's central bank raised its key interest rate unexpectedly on Wednesday, citing higher inflationary pressures in the coming quarters, according...

Banking

Moldova hikes key rate

The National Bank of Moldova raised its benchmark interest rate by 85 basis points to 5.5% on Tuesday, citing inflationary...

Banking

Romania raises interest rates by 25 bps

The National Bank of Romania raised its benchmark interest rate by 25 basis points (bps) to 1.5% at its October...

MNB

FGS Go! winds up after HUF 3 tln allocation reached

The National Bank of Hungary (MNB) officially closed the Funding for Growth Scheme (FGS) Go!, a central bank program that...

MNB

MNB launches FGS Green Home program

The National Bank of Hungary (MNB) on Tuesday announced the launch of the Funding for Growth Scheme (FGS) Green Home...

Debt

Croatia’s gross foreign debt falls at end-June

Croatia's gross foreign debt totaled EUR 44.2 billion equal to 85.6% of GDP at the end of June, down 2.8...

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...