Finance

Banking

MKIK urges broader eligibility for interest-free microloans

The chairman of the Hungarian Chamber of Commerce and Industry (MKIK) said the government should expand eligibility for interest-free microloans...

Trade

Albania’s trade gap expands in Jan

Albania's trade deficit increased by 14.7% year-on-year in January, to ALL 22 billion (USD 214.8 million), as imports rose faster...

Trade

Moldova trade gap widens in December

Moldova's trade gap widened to USD 348.9 million in December of 2020 from USD 321.4 million in the corresponding month...

Ratings

Moody’s changes outlook on Budapest Bank, MKB to positive

Moody's Investors Service (Moody's) has taken rating actions on two Hungarian banks, changing the outlooks on the long-term deposit ratings...

Banking

Insolvencies in Romania down in 2020 

In 2020, 5,564 new insolvency proceedings were opened in Romania, 13% fewer registered in the previous year, reported the reported...

Banking

K&H Bank reports net profit of HUF 42.3 bln in 2020

K&H Bank recorded a net profit of HUF 42.3 billion, a 6% increase y.o.y. on underlying basis, excluding the HUF...

Banking

Varga meets with bank sector leaders

Minister of Finance Mihály Varga met with banking sector leaders to discuss tools lenders can use to support Hungary's economic...

Debt

Romania’s end-2020 foreign debt rises

Romania's foreign debt increased to EUR 125.452 billion at the end of December 2020 from EUR 109.783 billion at the...

Debt

ÁKK sells HUF 35 bln of securities at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, as planned,...

Debt

Pandemic spending lifts state debt ratio to 81% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81% at the end of...

Ratings

Moody’s upgrades Lithuania to ‘A2’

Moody's Investors Service on Friday raised Lithuania's sovereign credit rating to 'A2' from 'A3' and assigned a stable outlook, citing...

Banking

Bank deposits of Bulgarian households up 10% in 2020 

The deposits of non-financial enterprises, households and not-for-profit organizations servicing households held in commercial banks by the end of December...

Ratings

Fitch affirms Hungary ‘BBB’ rating; outlook stable

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to a...

Ratings

S&P affirms Hungary ‘BBB’ rating with stable outlook

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Trade

New Trends Appearing in Office Supplies Market

The office supplies market has been hit hard by the pandemic. The French Lyreco Group, a major player in Hungarian...

Banking

MKIK urges broader eligibility for interest-free microloans

The chairman of the Hungarian Chamber of Commerce and Industry (MKIK) said the government should expand eligibility for interest-free microloans...

Trade

Albania’s trade gap expands in Jan

Albania's trade deficit increased by 14.7% year-on-year in January, to ALL 22 billion (USD 214.8 million), as imports rose faster...

Trade

Moldova trade gap widens in December

Moldova's trade gap widened to USD 348.9 million in December of 2020 from USD 321.4 million in the corresponding month...

Ratings

Moody’s changes outlook on Budapest Bank, MKB to positive

Moody's Investors Service (Moody's) has taken rating actions on two Hungarian banks, changing the outlooks on the long-term deposit ratings...

Banking

Insolvencies in Romania down in 2020 

In 2020, 5,564 new insolvency proceedings were opened in Romania, 13% fewer registered in the previous year, reported the reported...

Banking

K&H Bank reports net profit of HUF 42.3 bln in 2020

K&H Bank recorded a net profit of HUF 42.3 billion, a 6% increase y.o.y. on underlying basis, excluding the HUF...

Banking

Varga meets with bank sector leaders

Minister of Finance Mihály Varga met with banking sector leaders to discuss tools lenders can use to support Hungary's economic...

Debt

Romania’s end-2020 foreign debt rises

Romania's foreign debt increased to EUR 125.452 billion at the end of December 2020 from EUR 109.783 billion at the...

Debt

ÁKK sells HUF 35 bln of securities at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, as planned,...

Debt

Pandemic spending lifts state debt ratio to 81% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81% at the end of...

Ratings

Moody’s upgrades Lithuania to ‘A2’

Moody's Investors Service on Friday raised Lithuania's sovereign credit rating to 'A2' from 'A3' and assigned a stable outlook, citing...

Banking

Bank deposits of Bulgarian households up 10% in 2020 

The deposits of non-financial enterprises, households and not-for-profit organizations servicing households held in commercial banks by the end of December...

Ratings

Fitch affirms Hungary ‘BBB’ rating; outlook stable

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to a...

Ratings

S&P affirms Hungary ‘BBB’ rating with stable outlook

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Trade

New Trends Appearing in Office Supplies Market

The office supplies market has been hit hard by the pandemic. The French Lyreco Group, a major player in Hungarian...

MKIK urges broader eligibility for interest-free microloans

The chairman of the Hungarian Chamber of Commerce and Industry (MKIK) said the government should expand eligibility for interest-free microloans...

Albania’s trade gap expands in Jan

Albania's trade deficit increased by 14.7% year-on-year in January, to ALL 22 billion (USD 214.8 million), as imports rose faster...

Moldova trade gap widens in December

Moldova's trade gap widened to USD 348.9 million in December of 2020 from USD 321.4 million in the corresponding month...

Moody’s changes outlook on Budapest Bank, MKB to positive

Moody's Investors Service (Moody's) has taken rating actions on two Hungarian banks, changing the outlooks on the long-term deposit ratings...

Insolvencies in Romania down in 2020 

In 2020, 5,564 new insolvency proceedings were opened in Romania, 13% fewer registered in the previous year, reported the reported...

K&H Bank reports net profit of HUF 42.3 bln in 2020

K&H Bank recorded a net profit of HUF 42.3 billion, a 6% increase y.o.y. on underlying basis, excluding the HUF...

Varga meets with bank sector leaders

Minister of Finance Mihály Varga met with banking sector leaders to discuss tools lenders can use to support Hungary's economic...

Romania’s end-2020 foreign debt rises

Romania's foreign debt increased to EUR 125.452 billion at the end of December 2020 from EUR 109.783 billion at the...

ÁKK sells HUF 35 bln of securities at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, as planned,...

Pandemic spending lifts state debt ratio to 81% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81% at the end of...

Moody’s upgrades Lithuania to ‘A2’

Moody's Investors Service on Friday raised Lithuania's sovereign credit rating to 'A2' from 'A3' and assigned a stable outlook, citing...

Bank deposits of Bulgarian households up 10% in 2020 

The deposits of non-financial enterprises, households and not-for-profit organizations servicing households held in commercial banks by the end of December...

Fitch affirms Hungary ‘BBB’ rating; outlook stable

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to a...

S&P affirms Hungary ‘BBB’ rating with stable outlook

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to...

New Trends Appearing in Office Supplies Market

The office supplies market has been hit hard by the pandemic. The French Lyreco Group, a major player in Hungarian...