MNB

Bite raises €300 mln to help finance buyout from TDC

Bite Group, a mobile phone company with customers in Latvia and Lithuania, raised €300 mln ($395 mln) in a sale...

MNB

Gold, little changed, may rise as investors seek haven assets

Gold futures, little changed in New York, may rise on speculation that US equity markets will be increasingly volatile after...

MNB

Ukrainian January state debt Fell 1.37%, finance ministry says

Ukraine's debt declined 1.37% in January after government repayments exceeded borrowing, the finance ministry said....

MNB

Transneft’s bonds to get lowest rate for Russian firm

OAO Transneft, Russia's state-owned oil-pipeline operator, will sell at least $1 bln of seven-year bonds at the lowest-ever rate for...

MNB

Orlen of Poland to sell 750 mln zloty of bonds on February 27

PKN Orlen SA, Poland's largest oil company, will sell 750 mln zloty ($253 mln) of bonds on February 27....

MNB

Bulgarian January sovereign foreign debt rises to €4.7 bln

Bulgaria's sovereign foreign debt rose to €4.7 billion ($6.18 billion) at the end of January on new loans and exchange-rate...

MNB

FinMin says forint securities issues to fall 10% in 2007

The State Debt Management Centre (AKK) plans Ft 7,067 billion of forint denominated securities issues in 2007, 10% less than...

MNB

Gold climbs to highest since July on dollar’s drop against euro

Gold in New York rose to the highest since July as a decline in the value of the dollar boosted...

MNB

Budapest Bank profits slip because of expansion costs

Budapest Bank, a member of GE's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006,...

MNB

IMF’s de Rato says G-7 countries open minded on gold sales

International Monetary Fund Managing Director Rodrigo Rato said the Group of Seven leading industrialized nations were „open-minded” about allowing the...

MNB

Gold rises to 6-month high on metal’s appeal as inflation hedge

Gold prices in New York rose to the highest in more than six months as a jump in energy costs...

MNB

Romanian central bank cuts benchmark rate cut to 8%

Romania's central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation...

MNB

Russian foreign currency reserves rise to record $304.6 bln

Russia's foreign currency and gold reserves rose for a third week to a record, boosted by revenue from oil sales,...

MNB

Croatia starts accepting bids for HRK 2.5 bln 10-year bonds

Croatia began accepting bids for the sale of 10-year bonds worth 2.5 bln kuna ($441.8 mln), Erste&Steiermaerkische Bank d.d. Rijeka,...

MNB

Home lending rates rise, consumer loan rates fall in December

The average lending rate for home loans rose 19bp in December 2006 to 9.80%, while the average rate for consumer...

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...