Finance

Banking

Romanian c. bank FX reserves rise in March

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 35.709 billion at the end of...

MNB

Hungary triples gold reserves

The National Bank of Hungary (MNB) on Wednesday said it raised the country's gold reserves from 31.5 tonnes to 94.5...

Debt

Croatia c/a deficit narrows in Q4

The current account deficit in Croatia narrowed to EUR 375 million in the fourth quarter of 2020 from EUR 614...

Banking

Non-financial companies net borrowers

Non-financial companies were net borrowers in February, according to monthly banking sector data released by the National Bank of Hungary...

Debt

ÁKK sells HUF 15 bln of discount T-bills at auction, as planned

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

Banking

Hungary household savings rate rises to 15% in 2020

The gross savings rate of households and nonprofits supporting households rose to 15% in 2020 from 12% a year earlier,...

Debt

ÁKK fulfills 37% of annual issue plan by end-March

The Government Debt Management Agency (ÁKK) said it had fulfilled 37% of its annual issue plan by the end of...

MNB

Central bank keeps countercyclical capital buffer rate at 0%

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to keep the countercyclical capital buffer rate...

Banking

Moody’s changes Hungarian banking system outlook to stable

Moody's Investors Service on Thursday said it changed the outlooks of five European banking systems - Hungary, Finland, Norway, Portugal...

Debt

Hungary puts 2021 deficit at 7.5% of GDP

Hungary targets a government sector deficit of 7.5% of GDP for 2021, calculated according to the European Union's accrual-based accounting...

Ratings

Polish covered bond market looks stable – Moody’s

Poland's sovereign rating is A2 (stable), reflecting strong economic resilience and financial stability, Moody's said according to a report by...

Debt

Pandemic spending lifts state debt ratio to 80.4% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 80.4% at the end of...

Debt

ÁKK sells HUF 26.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 26.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

Debt

Estonia gross debt reached 18% of GDP in 2020

Last year, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic...

Banking

OTP board to put profit into retained earnings

The board of OTP Bank has proposed placing 90% of last year's net profit of HUF 92.5 billion into retained...

Banking

Romanian c. bank FX reserves rise in March

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 35.709 billion at the end of...

MNB

Hungary triples gold reserves

The National Bank of Hungary (MNB) on Wednesday said it raised the country's gold reserves from 31.5 tonnes to 94.5...

Debt

Croatia c/a deficit narrows in Q4

The current account deficit in Croatia narrowed to EUR 375 million in the fourth quarter of 2020 from EUR 614...

Banking

Non-financial companies net borrowers

Non-financial companies were net borrowers in February, according to monthly banking sector data released by the National Bank of Hungary...

Debt

ÁKK sells HUF 15 bln of discount T-bills at auction, as planned

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

Banking

Hungary household savings rate rises to 15% in 2020

The gross savings rate of households and nonprofits supporting households rose to 15% in 2020 from 12% a year earlier,...

Debt

ÁKK fulfills 37% of annual issue plan by end-March

The Government Debt Management Agency (ÁKK) said it had fulfilled 37% of its annual issue plan by the end of...

MNB

Central bank keeps countercyclical capital buffer rate at 0%

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to keep the countercyclical capital buffer rate...

Banking

Moody’s changes Hungarian banking system outlook to stable

Moody's Investors Service on Thursday said it changed the outlooks of five European banking systems - Hungary, Finland, Norway, Portugal...

Debt

Hungary puts 2021 deficit at 7.5% of GDP

Hungary targets a government sector deficit of 7.5% of GDP for 2021, calculated according to the European Union's accrual-based accounting...

Ratings

Polish covered bond market looks stable – Moody’s

Poland's sovereign rating is A2 (stable), reflecting strong economic resilience and financial stability, Moody's said according to a report by...

Debt

Pandemic spending lifts state debt ratio to 80.4% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 80.4% at the end of...

Debt

ÁKK sells HUF 26.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 26.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

Debt

Estonia gross debt reached 18% of GDP in 2020

Last year, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic...

Banking

OTP board to put profit into retained earnings

The board of OTP Bank has proposed placing 90% of last year's net profit of HUF 92.5 billion into retained...

Romanian c. bank FX reserves rise in March

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 35.709 billion at the end of...

Hungary triples gold reserves

The National Bank of Hungary (MNB) on Wednesday said it raised the country's gold reserves from 31.5 tonnes to 94.5...

Croatia c/a deficit narrows in Q4

The current account deficit in Croatia narrowed to EUR 375 million in the fourth quarter of 2020 from EUR 614...

Non-financial companies net borrowers

Non-financial companies were net borrowers in February, according to monthly banking sector data released by the National Bank of Hungary...

ÁKK sells HUF 15 bln of discount T-bills at auction, as planned

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

Hungary household savings rate rises to 15% in 2020

The gross savings rate of households and nonprofits supporting households rose to 15% in 2020 from 12% a year earlier,...

ÁKK fulfills 37% of annual issue plan by end-March

The Government Debt Management Agency (ÁKK) said it had fulfilled 37% of its annual issue plan by the end of...

Central bank keeps countercyclical capital buffer rate at 0%

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to keep the countercyclical capital buffer rate...

Moody’s changes Hungarian banking system outlook to stable

Moody's Investors Service on Thursday said it changed the outlooks of five European banking systems - Hungary, Finland, Norway, Portugal...

Hungary puts 2021 deficit at 7.5% of GDP

Hungary targets a government sector deficit of 7.5% of GDP for 2021, calculated according to the European Union's accrual-based accounting...

Polish covered bond market looks stable – Moody’s

Poland's sovereign rating is A2 (stable), reflecting strong economic resilience and financial stability, Moody's said according to a report by...

Pandemic spending lifts state debt ratio to 80.4% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 80.4% at the end of...

ÁKK sells HUF 26.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 26.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

Estonia gross debt reached 18% of GDP in 2020

Last year, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic...

OTP board to put profit into retained earnings

The board of OTP Bank has proposed placing 90% of last year's net profit of HUF 92.5 billion into retained...