Finance

MNB

MNB Int’l Reserves Rise EUR 500 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 41.4 billion at the end of December, up...

Banking

Households Make Net Deposits at Bank Accounts in November

Households made net deposits of HUF 128 billion into their accounts at Hungarian banks in November, news agency MTI reports,...

Trade

Trade Surplus at EUR 1.7 bln in November

Hungary's surplus on external trade in goods amounted to EUR 1.7 billion in November 2023, according to data published by...

Debt

Deficit Relative to GDP Improves in Q3 2023

According to preliminary data, the deficit as a proportion of GDP was 3.7% in the third quarter, improving by HUF...

Trade

Hungarian Vintners Export Around 3.5 mln l of Sparkling Wine

Hungarian vintners export about 3.5 million liters of sparkling wine a year, the National Chamber of Agriculture (NAK) said on...

MNB

MNB: Electronic Money Circulation Continues Expansion

The expansion of electronic money circulation continued in the third quarter of 2023, according to the latest summary of the...

MNB

MNB: Inflation Expected to Fall to 6% by Year-end

Hungary's inflation rate is set to fall to around 6% by year-end, level with the average for the region, the...

Ratings

Scope Changes Outlook on 4iG Rating to Positive

Scope Ratings changed the outlook on listed Hungarian ICT company 4iG's BB- issuer rating to positive from stable in an...

Ratings

Scope Changes Outlook on Hell Energy B+ Rating to Positive

Scope Ratings has affirmed Hungarian soft drink maker Hell Energy's B+ rating and revised the outlook to positive from stable,...

MNB

MNB Cuts Base Rate by 75 bp to 10.75%

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

Ratings

Fitch Affirms Hungary’s ‘BBB’ Rating With Negative Outlook

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

Ratings

Moody’s Changes MOL Outlook to ‘Positive’

Moody's Investors Service changed its outlook on Hungary's MOL and MOL Group Finance yesterday to "positive" from "stable," according to...

Banking

Value of Bank Card Payments Climbs 17% in Q3

The value of payments in Hungary made with locally-issued bank cards climbed 17% year-on-year to HUF 3.736 trillion in the...

Banking

Lender Liquidity Increases

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

MNB

MNB Probes Risks Related to AI in Banking, Insurance Sectors

The National Bank of Hungary (MNB) has conducted a topical probe of risks related to the use of artificial intelligence...

MNB

MNB Int’l Reserves Rise EUR 500 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 41.4 billion at the end of December, up...

Banking

Households Make Net Deposits at Bank Accounts in November

Households made net deposits of HUF 128 billion into their accounts at Hungarian banks in November, news agency MTI reports,...

Trade

Trade Surplus at EUR 1.7 bln in November

Hungary's surplus on external trade in goods amounted to EUR 1.7 billion in November 2023, according to data published by...

Debt

Deficit Relative to GDP Improves in Q3 2023

According to preliminary data, the deficit as a proportion of GDP was 3.7% in the third quarter, improving by HUF...

Trade

Hungarian Vintners Export Around 3.5 mln l of Sparkling Wine

Hungarian vintners export about 3.5 million liters of sparkling wine a year, the National Chamber of Agriculture (NAK) said on...

MNB

MNB: Electronic Money Circulation Continues Expansion

The expansion of electronic money circulation continued in the third quarter of 2023, according to the latest summary of the...

MNB

MNB: Inflation Expected to Fall to 6% by Year-end

Hungary's inflation rate is set to fall to around 6% by year-end, level with the average for the region, the...

Ratings

Scope Changes Outlook on 4iG Rating to Positive

Scope Ratings changed the outlook on listed Hungarian ICT company 4iG's BB- issuer rating to positive from stable in an...

Ratings

Scope Changes Outlook on Hell Energy B+ Rating to Positive

Scope Ratings has affirmed Hungarian soft drink maker Hell Energy's B+ rating and revised the outlook to positive from stable,...

MNB

MNB Cuts Base Rate by 75 bp to 10.75%

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

Ratings

Fitch Affirms Hungary’s ‘BBB’ Rating With Negative Outlook

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

Ratings

Moody’s Changes MOL Outlook to ‘Positive’

Moody's Investors Service changed its outlook on Hungary's MOL and MOL Group Finance yesterday to "positive" from "stable," according to...

Banking

Value of Bank Card Payments Climbs 17% in Q3

The value of payments in Hungary made with locally-issued bank cards climbed 17% year-on-year to HUF 3.736 trillion in the...

Banking

Lender Liquidity Increases

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

MNB

MNB Probes Risks Related to AI in Banking, Insurance Sectors

The National Bank of Hungary (MNB) has conducted a topical probe of risks related to the use of artificial intelligence...

MNB Int’l Reserves Rise EUR 500 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 41.4 billion at the end of December, up...

Households Make Net Deposits at Bank Accounts in November

Households made net deposits of HUF 128 billion into their accounts at Hungarian banks in November, news agency MTI reports,...

Trade Surplus at EUR 1.7 bln in November

Hungary's surplus on external trade in goods amounted to EUR 1.7 billion in November 2023, according to data published by...

Deficit Relative to GDP Improves in Q3 2023

According to preliminary data, the deficit as a proportion of GDP was 3.7% in the third quarter, improving by HUF...

Hungarian Vintners Export Around 3.5 mln l of Sparkling Wine

Hungarian vintners export about 3.5 million liters of sparkling wine a year, the National Chamber of Agriculture (NAK) said on...

MNB: Electronic Money Circulation Continues Expansion

The expansion of electronic money circulation continued in the third quarter of 2023, according to the latest summary of the...

MNB: Inflation Expected to Fall to 6% by Year-end

Hungary's inflation rate is set to fall to around 6% by year-end, level with the average for the region, the...

Scope Changes Outlook on 4iG Rating to Positive

Scope Ratings changed the outlook on listed Hungarian ICT company 4iG's BB- issuer rating to positive from stable in an...

Scope Changes Outlook on Hell Energy B+ Rating to Positive

Scope Ratings has affirmed Hungarian soft drink maker Hell Energy's B+ rating and revised the outlook to positive from stable,...

MNB Cuts Base Rate by 75 bp to 10.75%

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

Fitch Affirms Hungary’s ‘BBB’ Rating With Negative Outlook

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

Moody’s Changes MOL Outlook to ‘Positive’

Moody's Investors Service changed its outlook on Hungary's MOL and MOL Group Finance yesterday to "positive" from "stable," according to...

Value of Bank Card Payments Climbs 17% in Q3

The value of payments in Hungary made with locally-issued bank cards climbed 17% year-on-year to HUF 3.736 trillion in the...

Lender Liquidity Increases

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

MNB Probes Risks Related to AI in Banking, Insurance Sectors

The National Bank of Hungary (MNB) has conducted a topical probe of risks related to the use of artificial intelligence...