MNB

MNB

Polandʼs current account surplus up in March

Polandʼs current account surplus widened to EUR 2.438 billion in March, from EUR 197 million in the same month of...

MNB

Graphisoft Park Q1 earnings fall to EUR 1.1 mln on higher interest costs

First-quarter pre-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, fell 13%...

MNB

Romanian real net wage annual growth slows in March

Romania’s average net monthly wage grew by a real 3.9% year-on-year in March, after growing by 6% in February, the...

MNB

Households borrow net HUF 105 bln in March

Households borrowed a little more than net HUF 105 billion in March, including HUF 75 bln in consumer loans and...

MNB

Romania trade deficit widens in March

Romania’s trade deficit widened to EUR 1.855 billion in March from EUR 1.296 bln in the same month last year,...

MNB

Lockdown bites into Wabererʼs Q1 revenue

First-quarter revenue of listed Hungarian logistics company Wabererʼs fell 4.6% year-on-year to EUR 173.8 million because of lockdowns to contain...

MNB

Trade surplus at EUR 436 mln in March

In EUR terms, the value of exports fell by 7.3%, while that of imports by 5.5% in March 2020, compared...

MNB

Serbia to start paying compensation this week, minister says

Serbia’s government plans to start the payment of three minimum monthly salaries to employees of micro-, small- and medium-sized enterprises...

MNB

EIB lends EUR 30 mln to Erste Bank Montenegro for SMEs

The European Investment Bank and Erste Bank Montenegro have signed a EUR 30 million loan agreement to support companies in...

MNB

EC clears EUR 1.55 bln Hungarian guarantee scheme for hard-hit companies

The European Commission approved a EUR 1.55 billion guarantee scheme to support companies negatively impacted by the coronavirus pandemic, according...

MNB

ÁKK cuts retail sales, raises HUF and FX bond issues in updated 2020 financing plan

Hungaryʼs Government Debt Management Agency (ÁKK) has cut its retail securities sales projection by more than a fifth while raised...

MNB

MNB deputy governor urges countercyclical lending

National Bank of Hungary (MNB) deputy governor Márton Nagy pressed the countryʼs banks to lend as a way to cushion...

MNB

MNB launches FGS GO credit program

The National Bank of Hungary (MNB) has published the product brochure of the new "Funding for Growth Scheme Go" (FGS...

MNB

Big Czech banks receive almost 200,000 loan repayment deferral requests

Leading Czech banks have received nearly 200,000 requests to postpone loan repayments from clients affected by anti-coronavirus measures, according to...

MNB

Slovenia average net wage drops in February

The average net monthly earnings in Slovenia dropped by a real 0.9% month-on-month to EUR 1,169.91 in February, after decreasing...

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...