Finance

Banking

EBRD Extends New Guarantee to OTP Leasing Ukraine

The European Bank for Reconstruction and Development (EBRD) on Friday said it was extending an unfunded portfolio risk-sharing facility to...

Banking

OTP Earnings Climb in Q4

Fourth-quarter consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 249.7 billion, climbing 17% after adjustments according...

Trade

Hungary’s Service Trade Surplus Reaches EUR 2.7 bln in Q4 2024

Hungary’s external trade in services posted a surplus of EUR 2.7 billion in Q4 2024, up EUR 137 million from...

MNB

New MNB Governor Flags ‘Consistent’, ‘Disciplined’ Monetary Policy

Mihály Varga, the new governor of MNB, said the central bank would continue a "consistent" and "disciplined" monetary policy that...

Banking

Erste Bank Hungary Reports HUF 132 bln After-Tax Profit for 2024

Erste Bank Hungary, a subsidiary of Austria's Erste Group, posted an after-tax profit of HUF 132 billion in 2024, up...

MNB

Mihály Varga Appointed MNB Governor

Hungarian President Tamás Sulyok has appointed former Minister of Finance Mihály Varga to a six-year term as governor of the...

Trade

Hungary’s Trade Surplus Expands to EUR 903 mln in January

Hungary’s external trade in goods recorded a surplus of EUR 903 million in January 2025, improving by EUR 343 million...

Banking

K&H Bank Earnings Climb 18% in 2024

After-tax profit of K&H Bank, the local unit of Belgium's KBC, amounted to approximately HUF 129 billion in 2024, up...

Trade

Hungarian Port Development in Trieste to Operate at Full Capacity by 2028

A port development the state of Hungary is undertaking in Trieste will operate at full capacity by 2028, Ministry of...

MNB

Varga to Replace Matolcsy at the MNB in March, but What Will Change?

One of the most significant pieces of news from the world of Hungarian finance at the end of last year...

Debt

General Gov’t Deficit Close to HUF 68 bln in January

Hungary's cash flow-based general government had a HUF 67.8 bln deficit for the month of January, the National Economy Ministry...

Trade

Hungary Posts EUR 387 mln Trade Surplus as Imports Decline in December

Hungary’s external trade in goods recorded a surplus of EUR 387 million in December 2024, as imports fell at a...

MNB

Green Preferential Capital Requirement Program Extended

The Financial Stability Council of the National Bank of Hungary (MNB) has extended a preferential capital requirement scheme to support...

Finance

EIB Group Invested EUR 314 mln in Hungary Last Year

The European Investment Bank (EIB) Group's new financing in Hungary reached EUR 314 million last year, the lender said, according...

Trade

Hungary Posts EUR 819 mln Trade Surplus in November

Hungary recorded an external trade surplus of EUR 819 million in November 2024, according to a second reading of data...

Banking

EBRD Extends New Guarantee to OTP Leasing Ukraine

The European Bank for Reconstruction and Development (EBRD) on Friday said it was extending an unfunded portfolio risk-sharing facility to...

Banking

OTP Earnings Climb in Q4

Fourth-quarter consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 249.7 billion, climbing 17% after adjustments according...

Trade

Hungary’s Service Trade Surplus Reaches EUR 2.7 bln in Q4 2024

Hungary’s external trade in services posted a surplus of EUR 2.7 billion in Q4 2024, up EUR 137 million from...

MNB

New MNB Governor Flags ‘Consistent’, ‘Disciplined’ Monetary Policy

Mihály Varga, the new governor of MNB, said the central bank would continue a "consistent" and "disciplined" monetary policy that...

Banking

Erste Bank Hungary Reports HUF 132 bln After-Tax Profit for 2024

Erste Bank Hungary, a subsidiary of Austria's Erste Group, posted an after-tax profit of HUF 132 billion in 2024, up...

MNB

Mihály Varga Appointed MNB Governor

Hungarian President Tamás Sulyok has appointed former Minister of Finance Mihály Varga to a six-year term as governor of the...

Trade

Hungary’s Trade Surplus Expands to EUR 903 mln in January

Hungary’s external trade in goods recorded a surplus of EUR 903 million in January 2025, improving by EUR 343 million...

Banking

K&H Bank Earnings Climb 18% in 2024

After-tax profit of K&H Bank, the local unit of Belgium's KBC, amounted to approximately HUF 129 billion in 2024, up...

Trade

Hungarian Port Development in Trieste to Operate at Full Capacity by 2028

A port development the state of Hungary is undertaking in Trieste will operate at full capacity by 2028, Ministry of...

MNB

Varga to Replace Matolcsy at the MNB in March, but What Will Change?

One of the most significant pieces of news from the world of Hungarian finance at the end of last year...

Debt

General Gov’t Deficit Close to HUF 68 bln in January

Hungary's cash flow-based general government had a HUF 67.8 bln deficit for the month of January, the National Economy Ministry...

Trade

Hungary Posts EUR 387 mln Trade Surplus as Imports Decline in December

Hungary’s external trade in goods recorded a surplus of EUR 387 million in December 2024, as imports fell at a...

MNB

Green Preferential Capital Requirement Program Extended

The Financial Stability Council of the National Bank of Hungary (MNB) has extended a preferential capital requirement scheme to support...

Finance

EIB Group Invested EUR 314 mln in Hungary Last Year

The European Investment Bank (EIB) Group's new financing in Hungary reached EUR 314 million last year, the lender said, according...

Trade

Hungary Posts EUR 819 mln Trade Surplus in November

Hungary recorded an external trade surplus of EUR 819 million in November 2024, according to a second reading of data...

EBRD Extends New Guarantee to OTP Leasing Ukraine

The European Bank for Reconstruction and Development (EBRD) on Friday said it was extending an unfunded portfolio risk-sharing facility to...

OTP Earnings Climb in Q4

Fourth-quarter consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 249.7 billion, climbing 17% after adjustments according...

Hungary’s Service Trade Surplus Reaches EUR 2.7 bln in Q4 2024

Hungary’s external trade in services posted a surplus of EUR 2.7 billion in Q4 2024, up EUR 137 million from...

New MNB Governor Flags ‘Consistent’, ‘Disciplined’ Monetary Policy

Mihály Varga, the new governor of MNB, said the central bank would continue a "consistent" and "disciplined" monetary policy that...

Erste Bank Hungary Reports HUF 132 bln After-Tax Profit for 2024

Erste Bank Hungary, a subsidiary of Austria's Erste Group, posted an after-tax profit of HUF 132 billion in 2024, up...

Mihály Varga Appointed MNB Governor

Hungarian President Tamás Sulyok has appointed former Minister of Finance Mihály Varga to a six-year term as governor of the...

Hungary’s Trade Surplus Expands to EUR 903 mln in January

Hungary’s external trade in goods recorded a surplus of EUR 903 million in January 2025, improving by EUR 343 million...

K&H Bank Earnings Climb 18% in 2024

After-tax profit of K&H Bank, the local unit of Belgium's KBC, amounted to approximately HUF 129 billion in 2024, up...

Hungarian Port Development in Trieste to Operate at Full Capacity by 2028

A port development the state of Hungary is undertaking in Trieste will operate at full capacity by 2028, Ministry of...

Varga to Replace Matolcsy at the MNB in March, but What Will Change?

One of the most significant pieces of news from the world of Hungarian finance at the end of last year...

General Gov’t Deficit Close to HUF 68 bln in January

Hungary's cash flow-based general government had a HUF 67.8 bln deficit for the month of January, the National Economy Ministry...

Hungary Posts EUR 387 mln Trade Surplus as Imports Decline in December

Hungary’s external trade in goods recorded a surplus of EUR 387 million in December 2024, as imports fell at a...

Green Preferential Capital Requirement Program Extended

The Financial Stability Council of the National Bank of Hungary (MNB) has extended a preferential capital requirement scheme to support...

EIB Group Invested EUR 314 mln in Hungary Last Year

The European Investment Bank (EIB) Group's new financing in Hungary reached EUR 314 million last year, the lender said, according...

Hungary Posts EUR 819 mln Trade Surplus in November

Hungary recorded an external trade surplus of EUR 819 million in November 2024, according to a second reading of data...