Finance

Banking

OTP Q2 Profits Fall 38% y.o.y.

Consolidated second-quarter after-tax profit of OTP Bank fell 38% year-on-year to HUF 76.1 billion, dragged lower by a windfall profit...

MNB

MNB Deputy Governor Warns of Autumn Recession

According to National Bank of Hungary (MNB) Deputy Governor Barnabás Virág, there is a very serious risk of a global...

Trade

Ukraine’s First Grain Shipment Snubbed

A Lebanon-based buyer rejected the first grain shipment out of Ukraine via the Black Sea, according to the Ukrainian embassy...

Debt

Tungsram Bankruptcy Continuing Into Next Season

The majority of Tungsram Operations Kft.'s suppliers, some 58% of the unsecured creditors, supported the company's recovery plan and settlement...

MNB

MNB Updates Green Recommendation

The National Bank of Hungary (MNB) on Friday announced the issue of an update to its supervisory recommendation for lenders...

MNB

MNB Int’l Reserves Fall EUR 1.639 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 35.841 billion at the end of July, down...

Debt

Croatia’s Gross Foreign Debt up in April

Croatia's gross foreign debt rose by 9.3% on the year in April, reaching EUR 48.102 billion, central bank figures showed....

Banking

Kafijat Shareholder Group in OTP Terminated

The shareholder group in OTP Bank of Kafijat and MGTR Alliance has been terminated, the shareholders informed the lender on...

Debt

HUF 10 bln of Bonds Sold at ÁKK Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of bonds maturing in 2031 for ones expiring in 2023...

Banking

HUF 128.2 bln in Home Loans Contracts Signed in June

Hungarian banks signed home loan contracts worth HUF 128.2 billion in June, down 6% from the same month a year...

Banking

Romanian C. Bank FX Reserves Rise in July

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EUR 42.768 billion at the end...

Trade

Trade Deficit Continues for 11th Consecutive Month in May

Hungary had a trade deficit for the eleventh month in a row in May, according to a second reading of...

Banking

Companies Borrow Close to HUF 300 bln in June

Non-financial companies took out net HUF 296 billion of loans from Hungarian banks in June, state news wire MTI reports...

Banking

Household Deposits, Withdrawals Level out After Feb Windfall

Households withdrew about as much as they deposited from their accounts at Hungarian banks in June, state news wire MTi...

Trade

Rail Cargo Service Restarts on Upgraded Szeged-Röszke Line

Rail cargo service between Szeged (163 km southeast of Budapest) and Röszke (164 km southeast), on Hungary's border with Serbia,...

Banking

OTP Q2 Profits Fall 38% y.o.y.

Consolidated second-quarter after-tax profit of OTP Bank fell 38% year-on-year to HUF 76.1 billion, dragged lower by a windfall profit...

MNB

MNB Deputy Governor Warns of Autumn Recession

According to National Bank of Hungary (MNB) Deputy Governor Barnabás Virág, there is a very serious risk of a global...

Trade

Ukraine’s First Grain Shipment Snubbed

A Lebanon-based buyer rejected the first grain shipment out of Ukraine via the Black Sea, according to the Ukrainian embassy...

Debt

Tungsram Bankruptcy Continuing Into Next Season

The majority of Tungsram Operations Kft.'s suppliers, some 58% of the unsecured creditors, supported the company's recovery plan and settlement...

MNB

MNB Updates Green Recommendation

The National Bank of Hungary (MNB) on Friday announced the issue of an update to its supervisory recommendation for lenders...

MNB

MNB Int’l Reserves Fall EUR 1.639 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 35.841 billion at the end of July, down...

Debt

Croatia’s Gross Foreign Debt up in April

Croatia's gross foreign debt rose by 9.3% on the year in April, reaching EUR 48.102 billion, central bank figures showed....

Banking

Kafijat Shareholder Group in OTP Terminated

The shareholder group in OTP Bank of Kafijat and MGTR Alliance has been terminated, the shareholders informed the lender on...

Debt

HUF 10 bln of Bonds Sold at ÁKK Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of bonds maturing in 2031 for ones expiring in 2023...

Banking

HUF 128.2 bln in Home Loans Contracts Signed in June

Hungarian banks signed home loan contracts worth HUF 128.2 billion in June, down 6% from the same month a year...

Banking

Romanian C. Bank FX Reserves Rise in July

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EUR 42.768 billion at the end...

Trade

Trade Deficit Continues for 11th Consecutive Month in May

Hungary had a trade deficit for the eleventh month in a row in May, according to a second reading of...

Banking

Companies Borrow Close to HUF 300 bln in June

Non-financial companies took out net HUF 296 billion of loans from Hungarian banks in June, state news wire MTI reports...

Banking

Household Deposits, Withdrawals Level out After Feb Windfall

Households withdrew about as much as they deposited from their accounts at Hungarian banks in June, state news wire MTi...

Trade

Rail Cargo Service Restarts on Upgraded Szeged-Röszke Line

Rail cargo service between Szeged (163 km southeast of Budapest) and Röszke (164 km southeast), on Hungary's border with Serbia,...

OTP Q2 Profits Fall 38% y.o.y.

Consolidated second-quarter after-tax profit of OTP Bank fell 38% year-on-year to HUF 76.1 billion, dragged lower by a windfall profit...

MNB Deputy Governor Warns of Autumn Recession

According to National Bank of Hungary (MNB) Deputy Governor Barnabás Virág, there is a very serious risk of a global...

Ukraine’s First Grain Shipment Snubbed

A Lebanon-based buyer rejected the first grain shipment out of Ukraine via the Black Sea, according to the Ukrainian embassy...

Tungsram Bankruptcy Continuing Into Next Season

The majority of Tungsram Operations Kft.'s suppliers, some 58% of the unsecured creditors, supported the company's recovery plan and settlement...

MNB Updates Green Recommendation

The National Bank of Hungary (MNB) on Friday announced the issue of an update to its supervisory recommendation for lenders...

MNB Int’l Reserves Fall EUR 1.639 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 35.841 billion at the end of July, down...

Croatia’s Gross Foreign Debt up in April

Croatia's gross foreign debt rose by 9.3% on the year in April, reaching EUR 48.102 billion, central bank figures showed....

Kafijat Shareholder Group in OTP Terminated

The shareholder group in OTP Bank of Kafijat and MGTR Alliance has been terminated, the shareholders informed the lender on...

HUF 10 bln of Bonds Sold at ÁKK Switch Auction

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of bonds maturing in 2031 for ones expiring in 2023...

HUF 128.2 bln in Home Loans Contracts Signed in June

Hungarian banks signed home loan contracts worth HUF 128.2 billion in June, down 6% from the same month a year...

Romanian C. Bank FX Reserves Rise in July

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, rose to EUR 42.768 billion at the end...

Trade Deficit Continues for 11th Consecutive Month in May

Hungary had a trade deficit for the eleventh month in a row in May, according to a second reading of...

Companies Borrow Close to HUF 300 bln in June

Non-financial companies took out net HUF 296 billion of loans from Hungarian banks in June, state news wire MTI reports...

Household Deposits, Withdrawals Level out After Feb Windfall

Households withdrew about as much as they deposited from their accounts at Hungarian banks in June, state news wire MTi...

Rail Cargo Service Restarts on Upgraded Szeged-Röszke Line

Rail cargo service between Szeged (163 km southeast of Budapest) and Röszke (164 km southeast), on Hungary's border with Serbia,...