Finance

Debt

Hungary has EUR 775 mln c/a deficit in Q2

Hungary had a EUR 775 million current-account deficit in the second quarter, quarterly data released by the National Bank of...

MNB

MNB organizes 6th Renminbi Conference

The sixth Budapest Renminbi Initiative Conference took place online on Thursday, the organizing National Bank of Hungary (MNB) said, according...

Trade

Moldova’s Jan-July trade gap widens

Moldova's trade deficit widened by 47.5% on the year to USD 2.255 billion (EUR 1.909 billion) in the first seven...

Banking

Hungary issues EUR 1 bln of euro bonds

Hungary issued EUR 1 bln of seven-year euro bonds under favorable conditions, at a low interest rate, Finance Minister Mihály...

Banking

Diákhitel Plusz deadline extended

The government has decided to extend the deadline for applying to "Diákhitel Plusz" credit, a one-time general-purpose loan, until June...

Debt

ÁKK sells HUF 35 bln of securities, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Thursday, in line...

Trade

Rail Cargo group to operate regular cargo trains to China

Rail Cargo Operator and Rail Cargo Hungaria will operate regular express freight trains running from Budapest to China, carrying Hungarian...

Banking

EBRD provides RSD 2.9 bln loan to Eurobank Serbia

The European Bank for Reconstruction and Development is supporting the post-pandemic recovery of the Serbian economy by securing financing for...

Debt

ÁKK sells HUF 23.5 bln of bonds at switch auction

Hungary's State Debt Management Agency (ÁKK) sold HUF 23.5 billion of bonds maturing in 2029, 2030 and 2031 in exchange...

Banking

Hungary issues USD 4.25 bln of dollar bonds

Hungary issued USD 4.25 billion of dollar bonds in a transaction that was four times oversubscribed, under favorable conditions, at...

Banking

Banking assoc supports ending blanket moratorium

The Hungarian Banking Association agrees with and supports ending the blanket moratorium the government rolled out in the spring of...

Debt

Polish micro-companies distrustful about debt collection

The smallest companies in Poland approach debt collection with a distance and have problems with recovering payments for their work,...

Debt

Latvia c/a gap widens in July

Latvia's current account deficit widened to EUR 175 million in July from EUR 152 million in the corresponding month of...

MNB

Weekly QE purchases of gov’t bonds reach HUF 50 bln

The National Bank of Hungary (MNB) bought HUF 50 billion of government securities in the framework of a quantitative easing...

Debt

ÁKK modifies 2021 issue plan

The Government Debt Management Agency (ÁKK) yesterday said it modified its 2021 issue plan in September to create an opportunity...

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...