Finance

Banking

S&P Revises OTP Bank Ratings to BBB- After Sovereign Downgrade 

S&P Global has downgraded its ratings for OTP Bank a single notch to BBB-, Hungary's biggest commercial lender said on...

Trade

Hungarian Meat Companies Get Export Clearance from Philippines

Hungarian companies have been cleared to export meat to the Philippines for the first time, Minister of Foreign Affairs and...

Ratings

S&P Downgrades Hungary to BBB-

S&P Global Ratings downgraded Hungary's sovereign rating to BBB- from BBB at a scheduled review on Friday, according to a...

Ratings

Fitch Revises Outlooks on 4 Hungarian Banks to Negative

Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision...

MNB

MNB Raising Lenders’ Reserve Ratio

At a press conference after the monthly policy meeting of the Monetary Council, National Bank of Hungary (MNB) deputy governor...

MNB

MNB Leaves Base Rate on Hold at 13%

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

MNB

MNB Lifts Suspension of Clearance for Alteo Acquisition

The National Bank of Hungary (MNB) has lifted the suspension of a clearance procedure for a mandatory public purchase offer...

Debt

Slovakia C/A Deficit Widens in November

Slovakia's current account deficit increased sharply to EUR 956.9 million in November 2022 from EUR 399.3 million in the corresponding...

Banking

Gránit Bank to Acquire Controlling Stake in Diófa

Gránit Bank on Friday said it will acquire a majority stake in fund manager Diófa, which has a portfolio of...

Ratings

Fitch Changes Outlook on Hungary BBB Rating to Negative

Fitch Ratings affirmed Hungary's BBB sovereign rating but changed the outlook to negative from stable at a scheduled review on...

Banking

Household Saving Rate Falls to 3.8%

The gross saving rate of Hungarian households fell to 3.8% in the third quarter, data released by the Central Statistical...

Trade

Hungary Lifts Mandatory Reporting for Grain Exports

Hungary's government has decided to end a reporting requirement for grain exports introduced in March 2022 as the war in...

Banking

Bulgaria’s BDB Leasing launches new financial product for MSMEs

State-owned Bulgarian Development Bank (BDB) said on Tuesday that its subsidiary BDB Leasing is launching a new financial product to...

MNB

MNB Business Confidence Index Edges Higher in December

The business confidence index of the National Bank of Hungary (MNB) rose to -5 points in December from -7 points...

Debt

Lithuania C/A Swings to Surplus in Nov

Lithuania recorded a current account surplus of EUR 90.2 million in November, shifting from a deficit of EUR 23.2 million...

Banking

S&P Revises OTP Bank Ratings to BBB- After Sovereign Downgrade 

S&P Global has downgraded its ratings for OTP Bank a single notch to BBB-, Hungary's biggest commercial lender said on...

Trade

Hungarian Meat Companies Get Export Clearance from Philippines

Hungarian companies have been cleared to export meat to the Philippines for the first time, Minister of Foreign Affairs and...

Ratings

S&P Downgrades Hungary to BBB-

S&P Global Ratings downgraded Hungary's sovereign rating to BBB- from BBB at a scheduled review on Friday, according to a...

Ratings

Fitch Revises Outlooks on 4 Hungarian Banks to Negative

Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision...

MNB

MNB Raising Lenders’ Reserve Ratio

At a press conference after the monthly policy meeting of the Monetary Council, National Bank of Hungary (MNB) deputy governor...

MNB

MNB Leaves Base Rate on Hold at 13%

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

MNB

MNB Lifts Suspension of Clearance for Alteo Acquisition

The National Bank of Hungary (MNB) has lifted the suspension of a clearance procedure for a mandatory public purchase offer...

Debt

Slovakia C/A Deficit Widens in November

Slovakia's current account deficit increased sharply to EUR 956.9 million in November 2022 from EUR 399.3 million in the corresponding...

Banking

Gránit Bank to Acquire Controlling Stake in Diófa

Gránit Bank on Friday said it will acquire a majority stake in fund manager Diófa, which has a portfolio of...

Ratings

Fitch Changes Outlook on Hungary BBB Rating to Negative

Fitch Ratings affirmed Hungary's BBB sovereign rating but changed the outlook to negative from stable at a scheduled review on...

Banking

Household Saving Rate Falls to 3.8%

The gross saving rate of Hungarian households fell to 3.8% in the third quarter, data released by the Central Statistical...

Trade

Hungary Lifts Mandatory Reporting for Grain Exports

Hungary's government has decided to end a reporting requirement for grain exports introduced in March 2022 as the war in...

Banking

Bulgaria’s BDB Leasing launches new financial product for MSMEs

State-owned Bulgarian Development Bank (BDB) said on Tuesday that its subsidiary BDB Leasing is launching a new financial product to...

MNB

MNB Business Confidence Index Edges Higher in December

The business confidence index of the National Bank of Hungary (MNB) rose to -5 points in December from -7 points...

Debt

Lithuania C/A Swings to Surplus in Nov

Lithuania recorded a current account surplus of EUR 90.2 million in November, shifting from a deficit of EUR 23.2 million...

S&P Revises OTP Bank Ratings to BBB- After Sovereign Downgrade 

S&P Global has downgraded its ratings for OTP Bank a single notch to BBB-, Hungary's biggest commercial lender said on...

Hungarian Meat Companies Get Export Clearance from Philippines

Hungarian companies have been cleared to export meat to the Philippines for the first time, Minister of Foreign Affairs and...

S&P Downgrades Hungary to BBB-

S&P Global Ratings downgraded Hungary's sovereign rating to BBB- from BBB at a scheduled review on Friday, according to a...

Fitch Revises Outlooks on 4 Hungarian Banks to Negative

Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision...

MNB Raising Lenders’ Reserve Ratio

At a press conference after the monthly policy meeting of the Monetary Council, National Bank of Hungary (MNB) deputy governor...

MNB Leaves Base Rate on Hold at 13%

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

MNB Lifts Suspension of Clearance for Alteo Acquisition

The National Bank of Hungary (MNB) has lifted the suspension of a clearance procedure for a mandatory public purchase offer...

Slovakia C/A Deficit Widens in November

Slovakia's current account deficit increased sharply to EUR 956.9 million in November 2022 from EUR 399.3 million in the corresponding...

Gránit Bank to Acquire Controlling Stake in Diófa

Gránit Bank on Friday said it will acquire a majority stake in fund manager Diófa, which has a portfolio of...

Fitch Changes Outlook on Hungary BBB Rating to Negative

Fitch Ratings affirmed Hungary's BBB sovereign rating but changed the outlook to negative from stable at a scheduled review on...

Household Saving Rate Falls to 3.8%

The gross saving rate of Hungarian households fell to 3.8% in the third quarter, data released by the Central Statistical...

Hungary Lifts Mandatory Reporting for Grain Exports

Hungary's government has decided to end a reporting requirement for grain exports introduced in March 2022 as the war in...

Bulgaria’s BDB Leasing launches new financial product for MSMEs

State-owned Bulgarian Development Bank (BDB) said on Tuesday that its subsidiary BDB Leasing is launching a new financial product to...

MNB Business Confidence Index Edges Higher in December

The business confidence index of the National Bank of Hungary (MNB) rose to -5 points in December from -7 points...

Lithuania C/A Swings to Surplus in Nov

Lithuania recorded a current account surplus of EUR 90.2 million in November, shifting from a deficit of EUR 23.2 million...