AGP Executive Report
Last update: 10 hours agoCentral Bank Probe: Former governor György Matolcsy has been detained on suspicion of financial fraud and using a forged document. The investigation concerns assets linked to foundations set up by the central bank during his tenure; Matolcsy has denied wrongdoing. Energy Deal: Hungary’s MOL has signed an agreement to acquire the Russian owners’ majority stake in Serbia’s oil company NIS. The deal still needs competition approvals in Serbia and Bosnia and Herzegovina, while Serbia is set to raise its stake from 30% to 35%. Euro Entry: Hungary’s 2027 budget targets a 4.9% deficit, down from an expected 7.5% this year. Finance Minister András Kármán says sustained spending cuts could put the country on track for euro adoption in 2032. Budapest Offices: Office take-up fell 9% year on year to 92,380 square metres in the third quarter, while vacancy stood at 13.1%.
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