MNB

MNB

Hungary current-account almost in balance in Q1

Hungary had a current-account surplus of just EUR 2 million in the first quarter of 2020, state news wire MTI...

MNB

Poland employment rate declines, average wages rise on year in May

Employment in Poland’s enterprise sector, which concerns units employing more than 9 persons, declined by an annual 3.2% to 6.174...

MNB

Montenegro’s economy growth slows in Q1

Montenegro’s gross domestic product grew by a real 2.7% year-on-year in the first quarter of 2020, following a 3.1% increase...

MNB

Tesco bids farewell to Poland

U.K. retail chain Tesco is selling its Polish business, the supermarket group has announced, a move that will leave its...

MNB

EBRD lending EUR 60 mln to Erste Bank Serbia to back SMEs

Small businesses in Serbia will benefit from a financing package provided by the European Bank for Reconstruction and Development (EBRD)...

MNB

Pandemic delivers final blow to troubled Malév GH

Hungaryʼs government has decided to wind up state-owned ground handling company Malév GH without a legal successor, the Hungarian National...

MNB

Slovenia’s average net wage up in April

The average net monthly earnings in Slovenia rose by a real 11.5% month-on-month to EUR 1,266 in April, after decreasing...

MNB

Romania real net wage edges down in April

Romania’s average net monthly wage edged down by a real 0.5% year-on-year in April, after growing by 3.9% in March,...

MNB

Croatia producer prices fall further in May

Croatia’s producer prices declined for the third straight month in May, the latest figures from the Croatian Bureau of Statistics...

MNB

Trade deficit amounts to EUR 611 mln in April

In EUR terms, the value of exports decreased by 37% and that of imports by 28% in April 2020 compared...

MNB

Challenge and Opportunity: State aid in the COVID-19 Crisis

The COVID-19 outbreak has become a new type of challenge for the entire world. The conditions of everyday life and...

MNB

Corporate Debt Market During COVID-19 Pandemic

We are in the midst of a global coronavirus pandemic, with worldwide GDP contracting substantially, creating a phenomenon of corporations...

MNB

Czech Republic real wages rise the least since 2013

The average real monthly wages in the Czech Republic increased 1.4% year-on-year in the first quarter of 2020, the smallest...

MNB

Bulgaria Q1 GDP growth confirmed

Bulgaria’s gross domestic product advanced by 2.4% year-on-year in the first quarter of 2020, following a 3.1% growth in the...

MNB

2019 FDI in Croatia highest since 2014

Foreign direct investments in Croatia in 2019 totaled EUR 1.24 billion, up 19% on 2018, and the the highest annual...

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 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 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...

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 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...

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...

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 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...

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...

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 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 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 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 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 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...

National Bank Policymakers Leave Base Rate on Hold at 6.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...