Finance

Debt

Gen Gov’t Deficit Reaches HUF 1.525 tln in February 

Hungary's cash flow-based general government balance finished February with a HUF 1.525 tln deficit, the Finance Ministry said in a...

Ratings

Moody’s Acknowledges Strength of Local Economy in Credit Opinion

Moody's Investors Service has pointed to the strength and resilience of Hungary's economy as well as the government's commitment to...

Banking

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

MNB

Central Bank Governor Criticises Gov’t Policy

National Bank of Hungary (MNB) governor György Matolcsy called out the government for implementing policy measures that have fueled inflation,...

Banking

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Banking

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

MNB

MNB ‘Firmly Rejects’ Lenders’ Protests Over Reserves Interest

The National Bank of Hungary (MNB) "firmly rejected" protests by the Hungarian Banking Association over changes to the rates the...

Banking

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Banking

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Trade

Hungary Services Surplus at EUR 2.2 bln in Q4

The Q4 2022 surplus on Hungary's external trade in services was EUR 2.2 billion, EUR 724 million more than in...

MNB

MNB Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

Banking

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

Ratings

S&P Confirms Poland’s Rating at A- With Stable Outlook

Poland's long-term rating in foreign currency was affirmed at the A- level with a stable outlook by Standard & Poor's...

Debt

Czech C/A Deficit Narrows in December

The Czech Republic's current account deficit narrowed significantly to CZK 7.77 billion (EUR 32.7 million) in December, from CZK 27.3...

MNB

MNB O/N Deposits Soak up Banking Sector Liquidity in January

The average stock of O/N deposits allocated by the National Bank of Hungary (MNB) at daily quick tenders rose by...

Debt

Gen Gov’t Deficit Reaches HUF 1.525 tln in February 

Hungary's cash flow-based general government balance finished February with a HUF 1.525 tln deficit, the Finance Ministry said in a...

Ratings

Moody’s Acknowledges Strength of Local Economy in Credit Opinion

Moody's Investors Service has pointed to the strength and resilience of Hungary's economy as well as the government's commitment to...

Banking

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

MNB

Central Bank Governor Criticises Gov’t Policy

National Bank of Hungary (MNB) governor György Matolcsy called out the government for implementing policy measures that have fueled inflation,...

Banking

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Banking

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

MNB

MNB ‘Firmly Rejects’ Lenders’ Protests Over Reserves Interest

The National Bank of Hungary (MNB) "firmly rejected" protests by the Hungarian Banking Association over changes to the rates the...

Banking

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Banking

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Trade

Hungary Services Surplus at EUR 2.2 bln in Q4

The Q4 2022 surplus on Hungary's external trade in services was EUR 2.2 billion, EUR 724 million more than in...

MNB

MNB Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

Banking

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

Ratings

S&P Confirms Poland’s Rating at A- With Stable Outlook

Poland's long-term rating in foreign currency was affirmed at the A- level with a stable outlook by Standard & Poor's...

Debt

Czech C/A Deficit Narrows in December

The Czech Republic's current account deficit narrowed significantly to CZK 7.77 billion (EUR 32.7 million) in December, from CZK 27.3...

MNB

MNB O/N Deposits Soak up Banking Sector Liquidity in January

The average stock of O/N deposits allocated by the National Bank of Hungary (MNB) at daily quick tenders rose by...

Gen Gov’t Deficit Reaches HUF 1.525 tln in February 

Hungary's cash flow-based general government balance finished February with a HUF 1.525 tln deficit, the Finance Ministry said in a...

Moody’s Acknowledges Strength of Local Economy in Credit Opinion

Moody's Investors Service has pointed to the strength and resilience of Hungary's economy as well as the government's commitment to...

Erste Earnings Fall 10% in 2022

After-tax profit of Austrian-owned Erste Bank Hungary fell 10% to HUF 53.5 billion last year, the lender's chairman-CEO, Radovan Jelasity,...

Central Bank Governor Criticises Gov’t Policy

National Bank of Hungary (MNB) governor György Matolcsy called out the government for implementing policy measures that have fueled inflation,...

Banking Sector Earnings Rise 4% in 2022

Combined after-tax profit of Hungarian banks rose 3.6% to HUF 833 billion last year as write-downs and provisions weighed, data...

Uncertain Economic Environment Slows Lending

The uncertain economic environment has resulted in slowing lending activity and increased caution, the National Bank of Hungary (MNB) said...

MNB ‘Firmly Rejects’ Lenders’ Protests Over Reserves Interest

The National Bank of Hungary (MNB) "firmly rejected" protests by the Hungarian Banking Association over changes to the rates the...

Companies Borrow Net HUF 411 bln in January

Non-financial companies borrowed net HUF 411 billion from local lenders in January, a new record, news agency MTI reports, citing...

Households Make Net Withdrawals of HUF 334 bln in January

Households made net withdrawals of HUF 334 bln from their accounts at Hungarian banks in January, monthly data released by...

Hungary Services Surplus at EUR 2.2 bln in Q4

The Q4 2022 surplus on Hungary's external trade in services was EUR 2.2 billion, EUR 724 million more than in...

MNB Policymakers Leave Base Rate on Hold

The Monetary Council of the National Bank of Hungary (MNB) left the central bank's base rate on hold at 13%...

K&H: SME Outlook Improved

The profit expectations and investment intentions of Hungarian micro, small, and medium-sized enterprises improved somewhat in November last year compared...

S&P Confirms Poland’s Rating at A- With Stable Outlook

Poland's long-term rating in foreign currency was affirmed at the A- level with a stable outlook by Standard & Poor's...

Czech C/A Deficit Narrows in December

The Czech Republic's current account deficit narrowed significantly to CZK 7.77 billion (EUR 32.7 million) in December, from CZK 27.3...

MNB O/N Deposits Soak up Banking Sector Liquidity in January

The average stock of O/N deposits allocated by the National Bank of Hungary (MNB) at daily quick tenders rose by...