Finance

Debt

Deficit as Proportion of GDP at 3.7% in Q1-Q3 2022

According to preliminary data, the deficit of the general government sector in Q1-Q3 2022 was HUF 1.825 trillion, 3.7% of...

Banking

Households Continue to Make Net Withdrawals in November

Households made net withdrawals of HUF 184 billion from their accounts at Hungarian banks in November, monthly data released by...

Trade

Hungary Attracts Record EUR 6.5 bln of Investments in 2022

Hungary drew a record EUR 6.5 billion of investments in 2022, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Banking

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

MNB

Rate-setters Ready for ‘Appropriate Actions’ if Risks Increase

The Monetary Council of the National Bank of Hungary (MNB) said that maintaining the current level of the base rate...

Debt

ÁKK Sells HUF 18 bln of 6-month T-bills at Auction, Under Plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of discount six-month T-bills at auction on Wednesday, HUF 2...

Debt

Bulgaria C/A Deficit Widens in October

Bulgaria's current account gap widened to EUR 177.1 million in October from EUR 24.3 million in the corresponding month of...

MNB

MNB Leaves 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%...

Debt

Lithuania C/A Swings to Deficit in Oct

Lithuania posted a current account deficit of EUR 4.63 million in October 2022, switching from a EUR 161.72 million surplus...

MNB

Matolcsy Made Case for Price Cap Phaseout in Early December

National Bank of Hungary (MNB) governor György Matolcsy argued for the phaseout of government-mandated price caps because of their indirect...

MNB

MNB Extends Maturity of EUR 4 bln ECB Repo Line

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4 billion repo line agreement it...

Debt

ÁKK Sells HUF 147.5 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 147.5 billion of bonds at auction on Thursday, HUF 77.5 bln more...

Banking

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

MNB

MNB Raises Classic Life Insurance Policy Yield Threshold

The National Bank of Hungary (MNB) on Wednesday said it is raising the maximum threshold for guaranteed yields on classic...

Banking

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Debt

Deficit as Proportion of GDP at 3.7% in Q1-Q3 2022

According to preliminary data, the deficit of the general government sector in Q1-Q3 2022 was HUF 1.825 trillion, 3.7% of...

Banking

Households Continue to Make Net Withdrawals in November

Households made net withdrawals of HUF 184 billion from their accounts at Hungarian banks in November, monthly data released by...

Trade

Hungary Attracts Record EUR 6.5 bln of Investments in 2022

Hungary drew a record EUR 6.5 billion of investments in 2022, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Banking

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

MNB

Rate-setters Ready for ‘Appropriate Actions’ if Risks Increase

The Monetary Council of the National Bank of Hungary (MNB) said that maintaining the current level of the base rate...

Debt

ÁKK Sells HUF 18 bln of 6-month T-bills at Auction, Under Plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of discount six-month T-bills at auction on Wednesday, HUF 2...

Debt

Bulgaria C/A Deficit Widens in October

Bulgaria's current account gap widened to EUR 177.1 million in October from EUR 24.3 million in the corresponding month of...

MNB

MNB Leaves 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%...

Debt

Lithuania C/A Swings to Deficit in Oct

Lithuania posted a current account deficit of EUR 4.63 million in October 2022, switching from a EUR 161.72 million surplus...

MNB

Matolcsy Made Case for Price Cap Phaseout in Early December

National Bank of Hungary (MNB) governor György Matolcsy argued for the phaseout of government-mandated price caps because of their indirect...

MNB

MNB Extends Maturity of EUR 4 bln ECB Repo Line

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4 billion repo line agreement it...

Debt

ÁKK Sells HUF 147.5 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 147.5 billion of bonds at auction on Thursday, HUF 77.5 bln more...

Banking

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

MNB

MNB Raises Classic Life Insurance Policy Yield Threshold

The National Bank of Hungary (MNB) on Wednesday said it is raising the maximum threshold for guaranteed yields on classic...

Banking

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...

Deficit as Proportion of GDP at 3.7% in Q1-Q3 2022

According to preliminary data, the deficit of the general government sector in Q1-Q3 2022 was HUF 1.825 trillion, 3.7% of...

Households Continue to Make Net Withdrawals in November

Households made net withdrawals of HUF 184 billion from their accounts at Hungarian banks in November, monthly data released by...

Hungary Attracts Record EUR 6.5 bln of Investments in 2022

Hungary drew a record EUR 6.5 billion of investments in 2022, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Fewer Credit Cards in Circulation in Hungary

There are fewer and fewer credit cards in circulation in Hungary, according to data from the National Bank of Hungary...

Rate-setters Ready for ‘Appropriate Actions’ if Risks Increase

The Monetary Council of the National Bank of Hungary (MNB) said that maintaining the current level of the base rate...

ÁKK Sells HUF 18 bln of 6-month T-bills at Auction, Under Plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of discount six-month T-bills at auction on Wednesday, HUF 2...

Bulgaria C/A Deficit Widens in October

Bulgaria's current account gap widened to EUR 177.1 million in October from EUR 24.3 million in the corresponding month of...

MNB Leaves 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%...

Lithuania C/A Swings to Deficit in Oct

Lithuania posted a current account deficit of EUR 4.63 million in October 2022, switching from a EUR 161.72 million surplus...

Matolcsy Made Case for Price Cap Phaseout in Early December

National Bank of Hungary (MNB) governor György Matolcsy argued for the phaseout of government-mandated price caps because of their indirect...

MNB Extends Maturity of EUR 4 bln ECB Repo Line

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4 billion repo line agreement it...

ÁKK Sells HUF 147.5 bln of Bonds at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 147.5 billion of bonds at auction on Thursday, HUF 77.5 bln more...

Value of Bank Card Purchases Rises 29% in Q3

The value of purchases in Hungary made with locally-issued bank cards climbed 29% year-on-year to HUF 3.184 trillion in the...

MNB Raises Classic Life Insurance Policy Yield Threshold

The National Bank of Hungary (MNB) on Wednesday said it is raising the maximum threshold for guaranteed yields on classic...

OTP Bank Buying Ipoteka Bank

OTP Bank yesterday said it signed a contract to buy close to 97% of Uzbek peer Ipoteka Bank from the...