Finance

Debt

Hungary Account Deficit at EUR 561 mln in Q4

Hungary had a EUR 561 million current account deficit in Q4, state news wire MTI writes, citing quarterly data released...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 8.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Signs Cooperation Agreement With NFRA

The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint...

Banking

Raiffeisen Bank Zrt Profit Rises Over HUF 103 bln in 2023

The after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 43% to HUF 103.3 billion in 2023, an earnings report shows....

Banking

Eximbank Balance Sheet Climbs 70% 

The balance sheet of Magyar Eximbank climbed 70% last year, CEO Kornel Kisgergely said at the Exim Awards ceremony, according...

MNB

MNB Urges Steps to Improve Competitiveness 

The National Bank of Hungary (MNB) pointed to a decline in Hungary's competitiveness compared to other European Union member states...

Trade

Hungary to Press for Relaunch of EU-Malaysia FTA

Hungary will relaunch negotiations on a free trade agreement between the European Union and Malaysia when it takes the revolving...

Banking

Revolut Irresolute About Opening Subsidiary in Hungary

Revolut has introduced several new features for its Hungarian customers in recent weeks, prompting business daily Világgazdaság to ask whether...

Trade

Domestic Freight Transport Decreased 7% Last Year

The total performance of domestic freight transport decreased by more than 7% last year as a result of international political...

MNB

MNB Fines Cash4Car HUF 160 mln for Unlicensed Lending

The National Bank of Hungary (MNB) has fined the local and Czech businesses of Cash4Car HUF 160 million for unlicensed...

Banking

Value of Bank Card Payments Climbs 10% in Q4

The value of payments in Hungary made with locally-issued bank cards climbed 10% year-on-year to HUF 3.973 tln in the...

Banking

Banking Sector Forint Liquidity up in February

Forint liquidity of the domestic banking sector rose in February, indicated by an increase in the average stock of central...

Debt

Hungary Current Account has EUR 213 mln Deficit in January

Hungary's current account had a EUR 213 million deficit in January, narrowing from a EUR 1.049 bln gap in the...

Banking

Rate Freeze on SME Credit Ending April 1

A rate freeze on SME credit will end on April 1, as lending rates are expected to fall under the...

Ratings

Scope Assigns MOL BBB- Issuer Rating

Scope Ratings on Thursday assigned Hungarian oil and gas company MOL a BBB- issuer rating with a positive outlook, according...

Debt

Hungary Account Deficit at EUR 561 mln in Q4

Hungary had a EUR 561 million current account deficit in Q4, state news wire MTI writes, citing quarterly data released...

MNB

Policymakers Cut Central Bank Base Rate by 75 bp to 8.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Signs Cooperation Agreement With NFRA

The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint...

Banking

Raiffeisen Bank Zrt Profit Rises Over HUF 103 bln in 2023

The after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 43% to HUF 103.3 billion in 2023, an earnings report shows....

Banking

Eximbank Balance Sheet Climbs 70% 

The balance sheet of Magyar Eximbank climbed 70% last year, CEO Kornel Kisgergely said at the Exim Awards ceremony, according...

MNB

MNB Urges Steps to Improve Competitiveness 

The National Bank of Hungary (MNB) pointed to a decline in Hungary's competitiveness compared to other European Union member states...

Trade

Hungary to Press for Relaunch of EU-Malaysia FTA

Hungary will relaunch negotiations on a free trade agreement between the European Union and Malaysia when it takes the revolving...

Banking

Revolut Irresolute About Opening Subsidiary in Hungary

Revolut has introduced several new features for its Hungarian customers in recent weeks, prompting business daily Világgazdaság to ask whether...

Trade

Domestic Freight Transport Decreased 7% Last Year

The total performance of domestic freight transport decreased by more than 7% last year as a result of international political...

MNB

MNB Fines Cash4Car HUF 160 mln for Unlicensed Lending

The National Bank of Hungary (MNB) has fined the local and Czech businesses of Cash4Car HUF 160 million for unlicensed...

Banking

Value of Bank Card Payments Climbs 10% in Q4

The value of payments in Hungary made with locally-issued bank cards climbed 10% year-on-year to HUF 3.973 tln in the...

Banking

Banking Sector Forint Liquidity up in February

Forint liquidity of the domestic banking sector rose in February, indicated by an increase in the average stock of central...

Debt

Hungary Current Account has EUR 213 mln Deficit in January

Hungary's current account had a EUR 213 million deficit in January, narrowing from a EUR 1.049 bln gap in the...

Banking

Rate Freeze on SME Credit Ending April 1

A rate freeze on SME credit will end on April 1, as lending rates are expected to fall under the...

Ratings

Scope Assigns MOL BBB- Issuer Rating

Scope Ratings on Thursday assigned Hungarian oil and gas company MOL a BBB- issuer rating with a positive outlook, according...

Hungary Account Deficit at EUR 561 mln in Q4

Hungary had a EUR 561 million current account deficit in Q4, state news wire MTI writes, citing quarterly data released...

Policymakers Cut Central Bank Base Rate by 75 bp to 8.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB Signs Cooperation Agreement With NFRA

The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint...

Raiffeisen Bank Zrt Profit Rises Over HUF 103 bln in 2023

The after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 43% to HUF 103.3 billion in 2023, an earnings report shows....

Eximbank Balance Sheet Climbs 70% 

The balance sheet of Magyar Eximbank climbed 70% last year, CEO Kornel Kisgergely said at the Exim Awards ceremony, according...

MNB Urges Steps to Improve Competitiveness 

The National Bank of Hungary (MNB) pointed to a decline in Hungary's competitiveness compared to other European Union member states...

Hungary to Press for Relaunch of EU-Malaysia FTA

Hungary will relaunch negotiations on a free trade agreement between the European Union and Malaysia when it takes the revolving...

Revolut Irresolute About Opening Subsidiary in Hungary

Revolut has introduced several new features for its Hungarian customers in recent weeks, prompting business daily Világgazdaság to ask whether...

Domestic Freight Transport Decreased 7% Last Year

The total performance of domestic freight transport decreased by more than 7% last year as a result of international political...

MNB Fines Cash4Car HUF 160 mln for Unlicensed Lending

The National Bank of Hungary (MNB) has fined the local and Czech businesses of Cash4Car HUF 160 million for unlicensed...

Value of Bank Card Payments Climbs 10% in Q4

The value of payments in Hungary made with locally-issued bank cards climbed 10% year-on-year to HUF 3.973 tln in the...

Banking Sector Forint Liquidity up in February

Forint liquidity of the domestic banking sector rose in February, indicated by an increase in the average stock of central...

Hungary Current Account has EUR 213 mln Deficit in January

Hungary's current account had a EUR 213 million deficit in January, narrowing from a EUR 1.049 bln gap in the...

Rate Freeze on SME Credit Ending April 1

A rate freeze on SME credit will end on April 1, as lending rates are expected to fall under the...

Scope Assigns MOL BBB- Issuer Rating

Scope Ratings on Thursday assigned Hungarian oil and gas company MOL a BBB- issuer rating with a positive outlook, according...