MNB

MNB

Czech government votes to raise poverty benefits

The Czech government has voted to raise poverty benefits referred to as the living minimum and the existential minimum as...

MNB

Slovenia avg net wage rises in 2019

Slovenia’s average net monthly earnings increased by a real 2.1% year-on-year in the last year, reaching EUR 1,133.50, Statistics Bureau...

MNB

EBRD mulls loan to Kosovo’s KRK for on-lending to MSMEs

The European Bank for Reconstruction and Development said it is considering the provision of a EUR 3.0 million loan to...

MNB

Hungary state debt at 64.8% of GDP at the end of 2019

Hungaryʼs state debt (without Eximbank data) stood at 64.8% of GDP at the end of December 2019, down from 66.5%...

MNB

Bulgaria average gross monthly wage rises in Q4

The average gross monthly wage in Bulgaria has increased by an annual 12.1% to BGN 1,313 (EUR 671) in the...

MNB

Hungary GDP growth decelerates to 4.5% in Q4

Hungaryʼs GDP rose 4.5% year-on-year in the fourth quarter of 2019, state news wire MTI reported, citing the first reading...

MNB

Current account deficit nears EUR 360 mln in 2019

The current account deficit of Hungary reached EUR 359.4 million in 2019, improving from a EUR 717.3 mln deficit in...

MNB

Sources of Financing for SMEs in the Visegrád Countries

Access to finance is a high-stakes issue when it comes to the development of small- and medium-sized enterprises, as Les...

MNB

Serbia FX reserves hit record high in Jan

The foreign exchange (FX) reserves held by Serbia’s central bank rose to record-high EUR 13.694 billion (USD 14.948 billion) at...

MNB

Start account redemptions reach HUF 663 mln

A little more than HUF 663 million has been redeemed from Start accounts for Hungarian children since their launch in...

MNB

De’Longhi will open another factory in Romania

Italian group De’Longhi, manufacturing coffee machines and other home electronics, has bought a 25,000 sqm industrial platform in Madaras, Bihor...

MNB

Slovakia trade gap shrinks in Dec

The trade deficit in Slovakia narrowed to EUR 24.3 million in December from EUR 217.2 mln in the same month...

MNB

EBRD to support development of Ukrainian SME’s

The European Bank for Reconstruction and Development and Piraeus Bank Ukraine (PBU) are supporting the development of Ukraine’s small- and...

MNB

Trade surplus at EUR 134 mln in December

In EUR terms, the value of exports decreased by 0.8% and that of imports went up by 2.6% in December...

MNB

Threshold price for Graphisoft Park buyback set at HUF 6,280

Graphisoft Park, a listed company that owns and operates a business park in the north of Budapest, has set the...

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...