Finance

Trade, Economy, Energy Trade

UAE Economy Minister Discusses Opportunities in Budapest

The Minister of Economy for the United Arab Emirates, Abdulla Bin Touq Al Marri, spoke about investment opportunities in the...

MNB

MNB International Reserves Fall EUR 1.484 bln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.251 bln at the end of June, down...

Trade

Trade Surplus at EUR 1.1 bln in May

The surplus of Hungary's external trade in goods amounted to EUR 1.1 billion in May 2024. Its level decreased by...

Ratings

Scope Affirms AutoWallis B+ Issuer Rating, Outlook Stable

Scope Ratings has affirmed the B+ issuer rating of listed Hungarian car seller AutoWallis, while changing the outlook on the...

Banking

Households Borrow Net HUF 90 bln in May

Households took out net HUF 90 billion of loans in May, monthly data released by the National Bank of Hungary...

Banking

Companies Withdraw Net HUF 208 bln From Bank Accounts in May

Non-financial companies made HUF 208 bln of net withdrawals from the accounts at local banks in May, monthly data released...

Debt

General Gov’t Deficit Over HUF 1 tln in Q1

According to preliminary data, the deficit of the general government sector in Q1 2024 was HUF 1.068 trillion, corresponding to...

Trade

EUR 1.75 bln Trade Surplus in April

Hungary had a EUR 1.75 billion trade surplus in April, widening from EUR 1.57 bln in the previous month, according...

Banking

OTP Foundation’s Educational Innovation Award Open Until July 15

The OTP Fáy Innovation Award for Education, with a total prize of HUF 20 million, will await applications until July...

MNB

MNB Increases Countercyclical Capital Buffer Rate to 0.5%

The National Bank of Hungary (MNB) announced late on Tuesday that it will maintain a 0.5pc Countercyclical Capital Buffer (CCyB)...

MNB

MNB Joins Capacity-building Alliance of Sustainable Investment

The National Bank of Hungary (MNB) has joined the Capacity-building Alliance of Sustainable Investment (Casi), the central bank and financial...

Banking

Gov’t Extends Retail Rate Freeze Till Year-end

The government is extending a rate freeze on retail credit until the end of 2024, National Economy Minister Márton Nagy...

MNB

Telco, Banking Sectors Drive Service Price Inflation in Spring

Higher prices in the banking and telecommunications sectors accounted for a big part of service price inflation early in the...

Ratings

Fitch Ratings Affirms Hungarian Eximbank’s BBB Rating

Fitch Ratings has affirmed Eximbank's long- and short-term issuer default rating (IDR) at 'BBB/F-2' with a negative outlook, according to...

MNB

Payment System Efficiency Continues to Improve – MNB

Progress has been made in most of the areas of Hungary's domestic electronic payments system, a wider range of customers...

Trade, Economy, Energy Trade

UAE Economy Minister Discusses Opportunities in Budapest

The Minister of Economy for the United Arab Emirates, Abdulla Bin Touq Al Marri, spoke about investment opportunities in the...

MNB

MNB International Reserves Fall EUR 1.484 bln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.251 bln at the end of June, down...

Trade

Trade Surplus at EUR 1.1 bln in May

The surplus of Hungary's external trade in goods amounted to EUR 1.1 billion in May 2024. Its level decreased by...

Ratings

Scope Affirms AutoWallis B+ Issuer Rating, Outlook Stable

Scope Ratings has affirmed the B+ issuer rating of listed Hungarian car seller AutoWallis, while changing the outlook on the...

Banking

Households Borrow Net HUF 90 bln in May

Households took out net HUF 90 billion of loans in May, monthly data released by the National Bank of Hungary...

Banking

Companies Withdraw Net HUF 208 bln From Bank Accounts in May

Non-financial companies made HUF 208 bln of net withdrawals from the accounts at local banks in May, monthly data released...

Debt

General Gov’t Deficit Over HUF 1 tln in Q1

According to preliminary data, the deficit of the general government sector in Q1 2024 was HUF 1.068 trillion, corresponding to...

Trade

EUR 1.75 bln Trade Surplus in April

Hungary had a EUR 1.75 billion trade surplus in April, widening from EUR 1.57 bln in the previous month, according...

Banking

OTP Foundation’s Educational Innovation Award Open Until July 15

The OTP Fáy Innovation Award for Education, with a total prize of HUF 20 million, will await applications until July...

MNB

MNB Increases Countercyclical Capital Buffer Rate to 0.5%

The National Bank of Hungary (MNB) announced late on Tuesday that it will maintain a 0.5pc Countercyclical Capital Buffer (CCyB)...

MNB

MNB Joins Capacity-building Alliance of Sustainable Investment

The National Bank of Hungary (MNB) has joined the Capacity-building Alliance of Sustainable Investment (Casi), the central bank and financial...

Banking

Gov’t Extends Retail Rate Freeze Till Year-end

The government is extending a rate freeze on retail credit until the end of 2024, National Economy Minister Márton Nagy...

MNB

Telco, Banking Sectors Drive Service Price Inflation in Spring

Higher prices in the banking and telecommunications sectors accounted for a big part of service price inflation early in the...

Ratings

Fitch Ratings Affirms Hungarian Eximbank’s BBB Rating

Fitch Ratings has affirmed Eximbank's long- and short-term issuer default rating (IDR) at 'BBB/F-2' with a negative outlook, according to...

MNB

Payment System Efficiency Continues to Improve – MNB

Progress has been made in most of the areas of Hungary's domestic electronic payments system, a wider range of customers...

UAE Economy Minister Discusses Opportunities in Budapest

The Minister of Economy for the United Arab Emirates, Abdulla Bin Touq Al Marri, spoke about investment opportunities in the...

MNB International Reserves Fall EUR 1.484 bln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.251 bln at the end of June, down...

Trade Surplus at EUR 1.1 bln in May

The surplus of Hungary's external trade in goods amounted to EUR 1.1 billion in May 2024. Its level decreased by...

Scope Affirms AutoWallis B+ Issuer Rating, Outlook Stable

Scope Ratings has affirmed the B+ issuer rating of listed Hungarian car seller AutoWallis, while changing the outlook on the...

Households Borrow Net HUF 90 bln in May

Households took out net HUF 90 billion of loans in May, monthly data released by the National Bank of Hungary...

Companies Withdraw Net HUF 208 bln From Bank Accounts in May

Non-financial companies made HUF 208 bln of net withdrawals from the accounts at local banks in May, monthly data released...

General Gov’t Deficit Over HUF 1 tln in Q1

According to preliminary data, the deficit of the general government sector in Q1 2024 was HUF 1.068 trillion, corresponding to...

EUR 1.75 bln Trade Surplus in April

Hungary had a EUR 1.75 billion trade surplus in April, widening from EUR 1.57 bln in the previous month, according...

OTP Foundation’s Educational Innovation Award Open Until July 15

The OTP Fáy Innovation Award for Education, with a total prize of HUF 20 million, will await applications until July...

MNB Increases Countercyclical Capital Buffer Rate to 0.5%

The National Bank of Hungary (MNB) announced late on Tuesday that it will maintain a 0.5pc Countercyclical Capital Buffer (CCyB)...

MNB Joins Capacity-building Alliance of Sustainable Investment

The National Bank of Hungary (MNB) has joined the Capacity-building Alliance of Sustainable Investment (Casi), the central bank and financial...

Gov’t Extends Retail Rate Freeze Till Year-end

The government is extending a rate freeze on retail credit until the end of 2024, National Economy Minister Márton Nagy...

Telco, Banking Sectors Drive Service Price Inflation in Spring

Higher prices in the banking and telecommunications sectors accounted for a big part of service price inflation early in the...

Fitch Ratings Affirms Hungarian Eximbank’s BBB Rating

Fitch Ratings has affirmed Eximbank's long- and short-term issuer default rating (IDR) at 'BBB/F-2' with a negative outlook, according to...

Payment System Efficiency Continues to Improve – MNB

Progress has been made in most of the areas of Hungary's domestic electronic payments system, a wider range of customers...