Finance

Banking

MNB presses for Revolut Bank to operate as local unit

The National Bank of Hungary (MNB) on Tuesday acknowledged plans by fintech company Revolut to offer cross-border banking services in...

MNB

Weekly QE purchases of gov’t bonds reach HUF 44 bln

The National Bank of Hungary (MNB) bought HUF 44.4 billion of government securities in the framework of a quantitative easing...

Banking

Bulgaria’s non-govt deposit growth speeds up in Aug

The deposits of Bulgaria's non-government sector increased by 12% year-on-year in August, reaching BGN 99.5 billion (EUR 50.9 billion), after...

MNB

Unnecessary moratorium participation can hurt recovery – MNB

The National Bank of Hungary (MNB) warned in a release on its website that borrowers who remain in the repayment...

Ratings

Moody’s upgrades Hungary to Baa2, outlook stable

Moody's Investors Service upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on...

Banking

Futureal signs for close to EUR 50 mln loan from MKB

Hungarian property developer Futureal on Thursday said it signed a contract for a close to EUR 50 million loan from...

MNB

MNB highlights upside risks to inflation outlook in report

The National Bank of Hungary (MNB) said the inflation outlook is "surrounded by upside risks" in a quarterly report on...

Banking

36% of moratorium participants not ready to restart instalments

Around 36% of retail borrowers participating in Hungary's blanket repayment moratorium still don't know when they can start making installments...

MNB

MNB allocates EUR 2.15 bln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 2.15 billion of euro liquidity swaps at a tender on Wednesday, accepting...

Trade

Bosnia’s Jan-Aug trade gap widens

The trade deficit of Bosnia widened 7.1% year-on-year to BAM 4.541 billion (EUR 2.3 billion) in the eight months through...

Debt

ÁKK sells HUF 40.5 bln of bonds at switch auction

Hungary's State Debt Management Agency (ÁKK) sold HUF 40.5 billion of bonds maturing in 2029 and 2034 in exchange for...

MNB

Policymakers raise base rate 15 bp to 1.65%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 15...

MNB

Wingholding raises HUF 24.5 bln from BGS bond sale

Hungarian property developer Wingholding raised HUF 24.5 billion from the sale of a 10-year bond under the Bond Funding for...

Trade

Net FDI into Bulgaria falls 

The net inflow of foreign direct investment (FDI) into Bulgaria declined by 63.7% year-on-year to EUR 630.4 million in the...

MNB

Weekly QE purchases of gov’t bonds reach HUF 47 bln

The National Bank of Hungary (MNB) bought HUF 47 billion of government securities in the framework of a quantitative easing...

Banking

MNB presses for Revolut Bank to operate as local unit

The National Bank of Hungary (MNB) on Tuesday acknowledged plans by fintech company Revolut to offer cross-border banking services in...

MNB

Weekly QE purchases of gov’t bonds reach HUF 44 bln

The National Bank of Hungary (MNB) bought HUF 44.4 billion of government securities in the framework of a quantitative easing...

Banking

Bulgaria’s non-govt deposit growth speeds up in Aug

The deposits of Bulgaria's non-government sector increased by 12% year-on-year in August, reaching BGN 99.5 billion (EUR 50.9 billion), after...

MNB

Unnecessary moratorium participation can hurt recovery – MNB

The National Bank of Hungary (MNB) warned in a release on its website that borrowers who remain in the repayment...

Ratings

Moody’s upgrades Hungary to Baa2, outlook stable

Moody's Investors Service upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on...

Banking

Futureal signs for close to EUR 50 mln loan from MKB

Hungarian property developer Futureal on Thursday said it signed a contract for a close to EUR 50 million loan from...

MNB

MNB highlights upside risks to inflation outlook in report

The National Bank of Hungary (MNB) said the inflation outlook is "surrounded by upside risks" in a quarterly report on...

Banking

36% of moratorium participants not ready to restart instalments

Around 36% of retail borrowers participating in Hungary's blanket repayment moratorium still don't know when they can start making installments...

MNB

MNB allocates EUR 2.15 bln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 2.15 billion of euro liquidity swaps at a tender on Wednesday, accepting...

Trade

Bosnia’s Jan-Aug trade gap widens

The trade deficit of Bosnia widened 7.1% year-on-year to BAM 4.541 billion (EUR 2.3 billion) in the eight months through...

Debt

ÁKK sells HUF 40.5 bln of bonds at switch auction

Hungary's State Debt Management Agency (ÁKK) sold HUF 40.5 billion of bonds maturing in 2029 and 2034 in exchange for...

MNB

Policymakers raise base rate 15 bp to 1.65%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 15...

MNB

Wingholding raises HUF 24.5 bln from BGS bond sale

Hungarian property developer Wingholding raised HUF 24.5 billion from the sale of a 10-year bond under the Bond Funding for...

Trade

Net FDI into Bulgaria falls 

The net inflow of foreign direct investment (FDI) into Bulgaria declined by 63.7% year-on-year to EUR 630.4 million in the...

MNB

Weekly QE purchases of gov’t bonds reach HUF 47 bln

The National Bank of Hungary (MNB) bought HUF 47 billion of government securities in the framework of a quantitative easing...

MNB presses for Revolut Bank to operate as local unit

The National Bank of Hungary (MNB) on Tuesday acknowledged plans by fintech company Revolut to offer cross-border banking services in...

Weekly QE purchases of gov’t bonds reach HUF 44 bln

The National Bank of Hungary (MNB) bought HUF 44.4 billion of government securities in the framework of a quantitative easing...

Bulgaria’s non-govt deposit growth speeds up in Aug

The deposits of Bulgaria's non-government sector increased by 12% year-on-year in August, reaching BGN 99.5 billion (EUR 50.9 billion), after...

Unnecessary moratorium participation can hurt recovery – MNB

The National Bank of Hungary (MNB) warned in a release on its website that borrowers who remain in the repayment...

Moody’s upgrades Hungary to Baa2, outlook stable

Moody's Investors Service upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on...

Futureal signs for close to EUR 50 mln loan from MKB

Hungarian property developer Futureal on Thursday said it signed a contract for a close to EUR 50 million loan from...

MNB highlights upside risks to inflation outlook in report

The National Bank of Hungary (MNB) said the inflation outlook is "surrounded by upside risks" in a quarterly report on...

36% of moratorium participants not ready to restart instalments

Around 36% of retail borrowers participating in Hungary's blanket repayment moratorium still don't know when they can start making installments...

MNB allocates EUR 2.15 bln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 2.15 billion of euro liquidity swaps at a tender on Wednesday, accepting...

Bosnia’s Jan-Aug trade gap widens

The trade deficit of Bosnia widened 7.1% year-on-year to BAM 4.541 billion (EUR 2.3 billion) in the eight months through...

ÁKK sells HUF 40.5 bln of bonds at switch auction

Hungary's State Debt Management Agency (ÁKK) sold HUF 40.5 billion of bonds maturing in 2029 and 2034 in exchange for...

Policymakers raise base rate 15 bp to 1.65%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 15...

Wingholding raises HUF 24.5 bln from BGS bond sale

Hungarian property developer Wingholding raised HUF 24.5 billion from the sale of a 10-year bond under the Bond Funding for...

Net FDI into Bulgaria falls 

The net inflow of foreign direct investment (FDI) into Bulgaria declined by 63.7% year-on-year to EUR 630.4 million in the...

Weekly QE purchases of gov’t bonds reach HUF 47 bln

The National Bank of Hungary (MNB) bought HUF 47 billion of government securities in the framework of a quantitative easing...