Finance

Trade

Rail Trade Turnover at Ukrainian Border Improving

The turnover of vegetable products on the Ukrainian-Hungarian railway border around Záhony (300 km northeast of Budapest) has increased by...

Ratings

Scope Raises Metál Hungária Credit Rating

During its regular annual review, Scope Ratings upgraded the credit rating of hall builder Metál Hungária Holding Zrt. from the...

MNB

MNB Raises Mandatory Reserve Requirement to 5% From Oct 1

Local lenders' mandatory reserve requirement will rise from 1% to 5% from October 1, in line with a decision by...

MNB

Rate-Setters Highlight ‘Key Role’ of Effective Monetary Transmission

Members of the Monetary Council of the National Bank of Hungary (MNB) pointed to the "key role" played by the...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

MNB

MNB Researches Financial Risks Posed by Decline in Biodiversity

The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Trade

Hungarian British Business Association Leads Trade Delegation to Budapest

A London-based business organization founded in January of this year to promote trade between Britain and Hungary will be hosting...

Debt

General Gov’t Deficit at HUF 2.8 tln in August

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.872 trillion at the end of August, the Ministry...

Trade

Trade Deficit Grows to EUR 1.1 bln in July

Hungary's deficit on external trade in goods rose to EUR 1.1 billion in July 2022, according to data published by...

Debt

Serbia Swings to Budget Surplus in Jan-July

Serbia's budget was in surplus of RSD 1.15 billion (EUR 9.8 million) in the first seven months of 2022, compared...

MNB

MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term...

MNB

MNB Int’l Reserves Rise EUR 663 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.506 billion at the end of August, up...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Trade

Rail Trade Turnover at Ukrainian Border Improving

The turnover of vegetable products on the Ukrainian-Hungarian railway border around Záhony (300 km northeast of Budapest) has increased by...

Ratings

Scope Raises Metál Hungária Credit Rating

During its regular annual review, Scope Ratings upgraded the credit rating of hall builder Metál Hungária Holding Zrt. from the...

MNB

MNB Raises Mandatory Reserve Requirement to 5% From Oct 1

Local lenders' mandatory reserve requirement will rise from 1% to 5% from October 1, in line with a decision by...

MNB

Rate-Setters Highlight ‘Key Role’ of Effective Monetary Transmission

Members of the Monetary Council of the National Bank of Hungary (MNB) pointed to the "key role" played by the...

Banking

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

MNB

MNB Researches Financial Risks Posed by Decline in Biodiversity

The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess...

Banking

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Trade

Hungarian British Business Association Leads Trade Delegation to Budapest

A London-based business organization founded in January of this year to promote trade between Britain and Hungary will be hosting...

Debt

General Gov’t Deficit at HUF 2.8 tln in August

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.872 trillion at the end of August, the Ministry...

Trade

Trade Deficit Grows to EUR 1.1 bln in July

Hungary's deficit on external trade in goods rose to EUR 1.1 billion in July 2022, according to data published by...

Debt

Serbia Swings to Budget Surplus in Jan-July

Serbia's budget was in surplus of RSD 1.15 billion (EUR 9.8 million) in the first seven months of 2022, compared...

MNB

MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term...

MNB

MNB Int’l Reserves Rise EUR 663 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.506 billion at the end of August, up...

Banking

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Banking

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...

Rail Trade Turnover at Ukrainian Border Improving

The turnover of vegetable products on the Ukrainian-Hungarian railway border around Záhony (300 km northeast of Budapest) has increased by...

Scope Raises Metál Hungária Credit Rating

During its regular annual review, Scope Ratings upgraded the credit rating of hall builder Metál Hungária Holding Zrt. from the...

MNB Raises Mandatory Reserve Requirement to 5% From Oct 1

Local lenders' mandatory reserve requirement will rise from 1% to 5% from October 1, in line with a decision by...

Rate-Setters Highlight ‘Key Role’ of Effective Monetary Transmission

Members of the Monetary Council of the National Bank of Hungary (MNB) pointed to the "key role" played by the...

EBRD Plans USD 30 mln Loan to Moldovan Premier Energy

The European Bank for Reconstruction and Development said on Tuesday it plans to provide a USD 30 million loan to...

MNB Researches Financial Risks Posed by Decline in Biodiversity

The National Bank of Hungary (MNB) on Thursday announced the launch of a European Union-funded research project that will assess...

Banking Sector Forint Liquidity Increases in August

Forint liquidity of Hungary's banking sector grew in August, reflected by rises in the average stocks of overnight and one-week...

Hungarian British Business Association Leads Trade Delegation to Budapest

A London-based business organization founded in January of this year to promote trade between Britain and Hungary will be hosting...

General Gov’t Deficit at HUF 2.8 tln in August

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 2.872 trillion at the end of August, the Ministry...

Trade Deficit Grows to EUR 1.1 bln in July

Hungary's deficit on external trade in goods rose to EUR 1.1 billion in July 2022, according to data published by...

Serbia Swings to Budget Surplus in Jan-July

Serbia's budget was in surplus of RSD 1.15 billion (EUR 9.8 million) in the first seven months of 2022, compared...

MNB Reveals End-Quarter FX Swap Tenders, Discount Bill Auction Dates

The National Bank of Hungary (MNB) on Wednesday announced dates for end-of-quarter FX swap tenders providing euro liquidity and short-term...

MNB Int’l Reserves Rise EUR 663 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 36.506 billion at the end of August, up...

One-Offs Reduce K&H Earnings

First-half after-tax profit of K&H Bank, the Hungarian unit of Belgium's KBC, fell 74% year-on-year to HUF 9.7 billion on...

Gov’t Lowers Rate on Farm Sector Overdraft Credit to 3%

The government has decided to lower the interest rate on Széchenyi Card overdraft credit for farmers to 3%, Agriculture Minister...