MNB

MNB

1 in 20 companies in Poland plan job cuts, think-tank

Only one in 20 companies in Poland plan to cut jobs, the head of a public think-tank has said as...

MNB

Almost 2/3 of retail borrowers avail of repayment moratorium

More than 65% of retail borrowers are availing of a repayment moratorium in force until the end of the year,...

MNB

Wizz Air revenue rose by more than 19% during business year

Hungarian low-fare airline Wizz Airʼs revenue rose 19.1% annually to EUR 2.76 billion in its 2019-2020 business year ended on...

MNB

Hungary trade in services declines for first time in years in Q1

Hungaryʼs trade of services declined for the first time in years in Q1 on the impact of the coronavirus pandemic,...

MNB

Govʼt launches HUF 50 bln scheme covering up to 70% of investment costs at SMEs

Hungaryʼs government started inviting tenders on Friday for HUF 50 billion in grant money that may cover up to 70%...

MNB

Bulgaria’s non-govʼt deposit growth speeds up in Apr

Deposits of Bulgaria’s non-government sector rose by an annual 8.1% to BGN 85.8 billion (EUR 43.9 bln) at the end...

MNB

MNB dep-gov Márton Nagy resigns to take another post

Márton Nagy, the National Bank of Hungaryʼs (MNB) deputy governor for monetary policy, financial stability and lending incentives, resigned from...

MNB

EU OKs Polish state aid to large firms hit by coronavirus

The EU executive has approved a Polish plan to offer EUR 2.2 billion worth of state aid to large companies...

MNB

Serbian real net wage up in March

Serbia’s average net wage increased by a real 8.6% year-on-year in March, following an 8.8% annual rise in February, the...

MNB

MNB policymakers leave rates on hold

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank base rate at 0.90%...

MNB

Slovak c/a gap widens in March

Slovakia’s current account deficit rose to EUR 631 million in March of 2020 from EUR 91.5 million in the same...

MNB

Romania’s end-March foreign debt rises

Romania’s foreign debt increased to EUR 106.2 billion at the end of March from EUR 105.8 bln at the end...

MNB

Net FDI into Bulgaria jumps in Q1

The net inflow of foreign direct investment into Bulgaria increased by an annual 71.2% to EUR 254.4 million (USD 274.9...

MNB

AutoWallis launches new company to manage bond funds

AutoWallis has started a new company for the efficient and transparent handling and implementation of the funds from the bonds...

MNB

Hungary state debt reaches 66.8% of GDP at end-Q1

Hungaryʼs gross state debt as a percentage of GDP reached 66.8% at the end of the first quarter, rising from...

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...