Hungary's Central Bank to expand abroad (updated)

Conferences

DO NOT USE, TOO SMALL

The National Bank of Hungary (MNB) is planning to expand its operation and open offices in Hamburg, Paris, Rome, New York, Buenos Aires and Beirut over the upcoming months in order to strengthen the bank's presence in foreign countries, the MNB told Hungarian news agency MTI today.

The main objective of the central bank’s plans is to strenghten cooperation with partner institutions abroad and to more closely incorporate the bank's analytical operations into the international context.

 

The offices will employ between two and four specialists. Staff members will be selected in an open application process.

The MNB previously operated seven offices abroad -- in Frankfurt, Paris, Zurich, London, New York, Tokyo and Beirut -- though they have been closed.

 

The bank was established in 1924 and its principal aim is to retain price stability for the country and controls Hungary’s monetary policy.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.