MNB

Russian economy grows more than 7.5% in H1, 2007

The Russian economy grew more than 7.5% in the first half of 2007, the head of the presidential expert department...

MNB

UBS to pay $115 mln to settle Enron case

Swiss bank giant UBS AG has agreed to pay Enron Corp. creditors $115 million to settle a lawsuit related to...

MNB

Savings still strong in Romania after central bank cuts interest rate

The people's deposits in Romania see a record increase of more than 40% at the end of April against the...

MNB

Trade deficit down Ft 92 billion

Hungary's revised Q1 trade deficit came in at €287 million, €371 million ($385.7 million) less than a year earlier, the...

MNB

World Bank warns of debt risks

Banks and companies in some Central European countries, including Hungary, have borrowed large amounts in foreign currencies, which could pose...

MNB

Should Central Banks manipulate the gold price?

In today's world, perhaps Central Bank intervention to control the gold price may not be counter to the gold investor's...

MNB

Large gold ores deposit found in central China

A large gold deposit has been found in Xinshao County, central China's Hunan Province, according to local sources....

MNB

Macedonia to repay loan debt to IMF before deadline

Macedonia will pay back the debt owned to the International Monetary Fund early, Prime Minister Nikola Gruevski announced....

MNB

Poland’s economic growth expected to surpass 6% in 2007

Poland's economic growth will reach 6. 1% this year, the same as last year, the Polish news agency PAP reported...

MNB

Hungarian Tax Office publishes new shame list

1,908 individuals had tax arrears of over Ft 10 million on March 31 this year, a new debtors’ list posted...

MNB

Belgians pay $1 bln for Absolut Bank

Belgium's KBC on Wednesday became the latest foreign group to grab a slice of Russia's booming lending market, buying second-tier...

MNB

Croatia attracts €2.83 bln foreign investment in 2006

Croatia attracted €2.83 billion ($3.679 billion) foreign direct investment (FDI) in 2006, the highest annual FDI since 1993, the Croatian...

MNB

Macedonia to repay $137 mln of its debt earlier than planned

Macedonia will repay $137 million of its foreign debt earlier than planned, the government said Wednesday....

MNB

Euro climbs to highest level against dollar in two years

The euro soared against the US dollar on Friday, crossing the psychological barrier of 1.35 dollars for the first time...

MNB

Latvia’s central bank says: trade deficit almost doubled in 2006

Latvia's current-account deficit in 2006 almost doubled to a massive 21.1% of GDP, up from 12.6% in 2005, the Bank...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

MNB

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...

MNB

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

MNB

Forint Volatility Warrants ‘Special Attention,’ MNB Policymakers Say

Members of the Monetary Council of the MNB acknowledged the disinflationary effects of the stronger forint but said exchange rate...

MNB

MNB Cuts Base Rate to 5.5%, September Inflation Report to Guide Next Steps

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

MNB

Meeting Maastricht Criteria Would Benefit Entire Hungarian Economy, MNB Dep Gov Says

Meeting the Maastricht criteria for adopting the euro would benefit the entire Hungarian economy, Péter Benő Banai, a deputy governor...

MNB

National Bank of Hungary Cuts Base Rate to 5.75%

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

MNB

MNB Monetary Council Cuts Base Rate to 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB

MNB Warns of Rising Housing Market Risks as Banks Remain Stable

The National Bank of Hungary (MNB) said the local banking system remains stable but underscored increasing risks in the home...

MNB

MNB International Reserves Rise EUR 1.898 bln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 60.630 billion at the end of April, up...

MNB

MNB May Reduce 82% Ownership Stake in BÉT

Talks are underway between the Budapest Stock Exchange (BÉT) and the National Bank of Hungary (MNB) on reducing the central...

MNB

MNB Governor Warns Inflation Could Exceed 5% This Year

MNB Governor Mihály Varga said in an interview with economic weekly HVG that the new gov't must present a credible...