Finance

Trade

EUR 408 mln Trade Deficit in June

Hungary had a EUR 408 million trade deficit in June, according to a second reading of data released by the...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

MNB

MNB Raises 1-Week Deposit Rate by 100 bp to 11.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 11.75% ahead...

Debt

ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 15.5 billion of bonds maturing in 2029, 2031, and 2033 for ones...

Debt

Czech Republic’s Debt Rose Fastest in EU in 2021

Last year, the Czech Republic saw its government debt rise the fastest out of all EU member states, by 4.2%...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Trade

External Trade in Services Surplus at EUR 2.116 bln in Q2

In the second quarter of 2022, Hungary's external trade in services surplus reached EUR 2.116 billion, with the increase in...

MNB

MNB Raises Base Rate by 100 bp to 11.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 bp to...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

Banking

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Banking

Prague Municipal Court Declares Sberbank CZ Bankrupt

The Prague Municipal Court declared Sberbank CZ, a bank with links to Russia, bankrupt on Friday, reported the Czech Radio....

Trade

Freight Volume Edges Down 3% in Q2

Freight volume in Hungary fell 3.4% year-on-year to 75.3 million tonnes in the second quarter, state news wire MTI reports,...

Debt

Bosnia’s End-June Foreign Debt Rises on Quarter

Bosnia and Herzegovina's foreign debt totaled BAM 9.741 billion (EUR 4.98 billion) at the end of June, up from BAM...

Trade

EUR 408 mln Trade Deficit in June

Hungary had a EUR 408 million trade deficit in June, according to a second reading of data released by the...

Banking

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Banking

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

MNB

MNB Raises 1-Week Deposit Rate by 100 bp to 11.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 11.75% ahead...

Debt

ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 15.5 billion of bonds maturing in 2029, 2031, and 2033 for ones...

Debt

Czech Republic’s Debt Rose Fastest in EU in 2021

Last year, the Czech Republic saw its government debt rise the fastest out of all EU member states, by 4.2%...

Banking

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

Trade

External Trade in Services Surplus at EUR 2.116 bln in Q2

In the second quarter of 2022, Hungary's external trade in services surplus reached EUR 2.116 billion, with the increase in...

MNB

MNB Raises Base Rate by 100 bp to 11.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 bp to...

Banking

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

Banking

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Banking

Prague Municipal Court Declares Sberbank CZ Bankrupt

The Prague Municipal Court declared Sberbank CZ, a bank with links to Russia, bankrupt on Friday, reported the Czech Radio....

Trade

Freight Volume Edges Down 3% in Q2

Freight volume in Hungary fell 3.4% year-on-year to 75.3 million tonnes in the second quarter, state news wire MTI reports,...

Debt

Bosnia’s End-June Foreign Debt Rises on Quarter

Bosnia and Herzegovina's foreign debt totaled BAM 9.741 billion (EUR 4.98 billion) at the end of June, up from BAM...

EUR 408 mln Trade Deficit in June

Hungary had a EUR 408 million trade deficit in June, according to a second reading of data released by the...

Household Lending Stock Expansion Decelerates in Q2

In the second quarter of the year household lending stock of credit institutions expanded by HUF 284 billion, giving an...

Banking Sector Profit Falls 35% in Q2

After-tax profit of Hungary's banking sector fell 35% year-on-year to HUF 147 bln in the second quarter, state news wire...

Erste Receives Regulatory Approval for Commerzbank Acquisition

Erste Bank Hungary has received regulatory approval and can move forward with its acquisition of a 100% stake in Commerzbank's...

MNB Raises 1-Week Deposit Rate by 100 bp to 11.75%

The National Bank of Hungary (MNB) raised the rate for its one-week deposit facility by 100 bp to 11.75% ahead...

ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 15.5 billion of bonds maturing in 2029, 2031, and 2033 for ones...

Czech Republic’s Debt Rose Fastest in EU in 2021

Last year, the Czech Republic saw its government debt rise the fastest out of all EU member states, by 4.2%...

Companies Borrow Over HUF 250 bln in July

Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports,...

External Trade in Services Surplus at EUR 2.116 bln in Q2

In the second quarter of 2022, Hungary's external trade in services surplus reached EUR 2.116 billion, with the increase in...

MNB Raises Base Rate by 100 bp to 11.75%

The Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 bp to...

Student Loan Plus Applications Open Until September 30

Despite the increase in loan interest rates and high inflation, students can still use interest-free loans or more than 10%...

MKB Reaches HUF 61 bln After-tax Profit in Q2

Second-quarter adjusted consolidated after-tax profit of MKB Bank came to HUF 61 billion compared to HUF 30.4 bln in the...

Prague Municipal Court Declares Sberbank CZ Bankrupt

The Prague Municipal Court declared Sberbank CZ, a bank with links to Russia, bankrupt on Friday, reported the Czech Radio....

Freight Volume Edges Down 3% in Q2

Freight volume in Hungary fell 3.4% year-on-year to 75.3 million tonnes in the second quarter, state news wire MTI reports,...

Bosnia’s End-June Foreign Debt Rises on Quarter

Bosnia and Herzegovina's foreign debt totaled BAM 9.741 billion (EUR 4.98 billion) at the end of June, up from BAM...