Finance

Banking

Serbiaʼs FX reserves rise in October

The foreign exchange (FX) reserves held by Serbiaʼs central bank grew to EUR 13.1 billion (USD 15.6 billion) at the...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (AKK) sold HUF 40 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

MNB

MNB certifies first ʼconsumer-friendlyʼ personal loans

The National Bank of Hungary (MNB) on Tuesday said it certified personal loan products of OTP Bank, the countryʼs biggest...

MNB

Policymakers keep base rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged, at...

Ratings

Moodyʼs upgrades Croatiaʼs credit rating

Moodyʼs Investors Service revised Croatiaʼs sovereign credit rating to ʼBa1ʼ from ʼBa2ʼ and changed the outlook to stable from positive,...

Banking

Banks, bank card companies back HUF 15,000 CVM limit

Banks and bank card companies support maintaining the HUF 15,000 cardholder verification method (CVM) limit for contactless payments even though...

MNB

MNB: Productivity gap narrows between SME and larger companies

The productivity gap between SMEs and larger companies in Hungary has narrowed in recent years, but SMEs still have catching...

Banking

Banking sector liquidity fell in October, MNB says

Forint liquidity of Hungaryʼs banking sector fell in October from a month earlier, which was mainly reflected in a decrease...

Debt

ÁKK sells HUF 85 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 85 billion of bonds at auction on Thursday, HUF 10...

Debt

Financial Repression as a way out of Government Debt

Government debt was very high throughout the world before the pandemic, and is spiraling even higher during it. Les Nemethy,...

Banking

OTP Bank Romania boosts market share to 3%

The Romanian unit of Hungaryʼs OTP Bank has boosted its market share by half a percentage point to 3% in...

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 45 billion of securities at auction on Wednesday, HUF 10...

Debt

ÁKK sells HUF 15 bln of three-month 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...

Ratings

Fitch revises Slovakiaʼs outlook to negative

Fitch Ratings changed on Friday Slovakiaʼs sovereign credit rating outlook to negative from stable and affirmed the debt grade at...

Debt

Gen govʼt deficit reaches HUF 2.604 tln at end-Oct

Hungaryʼs general government deficit, excluding local councils, reached approximately HUF 2.604 trillion at the end of October, the Finance Ministry...

Banking

Serbiaʼs FX reserves rise in October

The foreign exchange (FX) reserves held by Serbiaʼs central bank grew to EUR 13.1 billion (USD 15.6 billion) at the...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (AKK) sold HUF 40 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

MNB

MNB certifies first ʼconsumer-friendlyʼ personal loans

The National Bank of Hungary (MNB) on Tuesday said it certified personal loan products of OTP Bank, the countryʼs biggest...

MNB

Policymakers keep base rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged, at...

Ratings

Moodyʼs upgrades Croatiaʼs credit rating

Moodyʼs Investors Service revised Croatiaʼs sovereign credit rating to ʼBa1ʼ from ʼBa2ʼ and changed the outlook to stable from positive,...

Banking

Banks, bank card companies back HUF 15,000 CVM limit

Banks and bank card companies support maintaining the HUF 15,000 cardholder verification method (CVM) limit for contactless payments even though...

MNB

MNB: Productivity gap narrows between SME and larger companies

The productivity gap between SMEs and larger companies in Hungary has narrowed in recent years, but SMEs still have catching...

Banking

Banking sector liquidity fell in October, MNB says

Forint liquidity of Hungaryʼs banking sector fell in October from a month earlier, which was mainly reflected in a decrease...

Debt

ÁKK sells HUF 85 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 85 billion of bonds at auction on Thursday, HUF 10...

Debt

Financial Repression as a way out of Government Debt

Government debt was very high throughout the world before the pandemic, and is spiraling even higher during it. Les Nemethy,...

Banking

OTP Bank Romania boosts market share to 3%

The Romanian unit of Hungaryʼs OTP Bank has boosted its market share by half a percentage point to 3% in...

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 45 billion of securities at auction on Wednesday, HUF 10...

Debt

ÁKK sells HUF 15 bln of three-month 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...

Ratings

Fitch revises Slovakiaʼs outlook to negative

Fitch Ratings changed on Friday Slovakiaʼs sovereign credit rating outlook to negative from stable and affirmed the debt grade at...

Debt

Gen govʼt deficit reaches HUF 2.604 tln at end-Oct

Hungaryʼs general government deficit, excluding local councils, reached approximately HUF 2.604 trillion at the end of October, the Finance Ministry...

Serbiaʼs FX reserves rise in October

The foreign exchange (FX) reserves held by Serbiaʼs central bank grew to EUR 13.1 billion (USD 15.6 billion) at the...

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (AKK) sold HUF 40 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

MNB certifies first ʼconsumer-friendlyʼ personal loans

The National Bank of Hungary (MNB) on Tuesday said it certified personal loan products of OTP Bank, the countryʼs biggest...

Policymakers keep base rate on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged, at...

Moodyʼs upgrades Croatiaʼs credit rating

Moodyʼs Investors Service revised Croatiaʼs sovereign credit rating to ʼBa1ʼ from ʼBa2ʼ and changed the outlook to stable from positive,...

Banks, bank card companies back HUF 15,000 CVM limit

Banks and bank card companies support maintaining the HUF 15,000 cardholder verification method (CVM) limit for contactless payments even though...

MNB: Productivity gap narrows between SME and larger companies

The productivity gap between SMEs and larger companies in Hungary has narrowed in recent years, but SMEs still have catching...

Banking sector liquidity fell in October, MNB says

Forint liquidity of Hungaryʼs banking sector fell in October from a month earlier, which was mainly reflected in a decrease...

ÁKK sells HUF 85 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 85 billion of bonds at auction on Thursday, HUF 10...

Financial Repression as a way out of Government Debt

Government debt was very high throughout the world before the pandemic, and is spiraling even higher during it. Les Nemethy,...

OTP Bank Romania boosts market share to 3%

The Romanian unit of Hungaryʼs OTP Bank has boosted its market share by half a percentage point to 3% in...

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 45 billion of securities at auction on Wednesday, HUF 10...

ÁKK sells HUF 15 bln of three-month 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...

Fitch revises Slovakiaʼs outlook to negative

Fitch Ratings changed on Friday Slovakiaʼs sovereign credit rating outlook to negative from stable and affirmed the debt grade at...

Gen govʼt deficit reaches HUF 2.604 tln at end-Oct

Hungaryʼs general government deficit, excluding local councils, reached approximately HUF 2.604 trillion at the end of October, the Finance Ministry...