MNB

MNB

June trade surplus revised down to EUR 488 mln

Hungaryʼs June trade surplus was revised down to EUR 488 million in a second reading of data released by the...

MNB

Corporate, household lending continues to expand in Q2

In the second quarter of 2019, banksʼ stocks of loans to the corporate, SME and household sectors grew by 16%,...

MNB

Record low forint exchange rates

Hungary’s forint set an all-time low against the euro last week due to fears of a global recession, a trade...

MNB

Surplus in trade of services reaches EUR 2.341 bln in Q2

Hungaryʼs surplus in trade of services reached EUR 2.341 billion in the second quarter, the Central Statistical Office (KSH) said...

MNB

Masterplast H1 earnings climb 21% as sales rise

First-half after-tax profit of Hungarian building materials company Masterplast rose 21% year-on-year to EUR 2,061,000 as revenue climbed, an earnings...

MNB

CEE private equity fundraising reaches EUR 1.8 bln in 2018

Private equity fundraising for Central and Eastern Europe (CEE) hit the highest annual level in a decade in 2018 at...

MNB

State debt 68.7% of GDP at Q2 end

Hungaryʼs state debt stood at 68.7% of GDP at the end of June, down from 70.0% of GDP at the...

MNB

Current account shows slight deficit in Q2

The current account balance of Hungary was a negative EUR 4.56 million in the second quarter of 2019, state news...

MNB

Hungarian wages falling behind V4 average

Average wages and the minimum wage in Hungary are lower than in any of the other countries in the Visegrád...

MNB

4iG to join MNB Bond Funding for Growth Scheme

Listed IT company 4iG on Thursday said it intends to participate in the Bond Funding for Growth Scheme (BGS) of...

MNB

Wabererʼs books Q2 loss; sees improvement in H2

Hungarian road haulier Wabererʼs International booked a second-quarter loss of EUR 9.1 million as margins narrowed, an earnings report released...

MNB

Trade surplus narrows in June

Hungary had a EUR 556 million trade surplus in June, narrowing by EUR 437 mln from the same month a...

MNB

MNB intʼl reserves up EUR 361 mln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 27.065 billion at the end of June, up...

MNB

Debt Financing of Acquisitions

In their latest Investor Column, Les Nemethy and Sergey Glekov look at the arguments in favor of taking out a...

MNB

Optimizing Company Valuation via Cost of Capital

In their latest investment column, Les Nemethy and Sergey Glekov look at the cost of capital, an area often overlooked...

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...