MNB

MNB

Matolcsy confirmed MNB governor for second term

As expected, Hungarian President János Áder has appointed György Matolcsy to another six-year term as governor of the National Bank...

MNB

Higher revenue, improved margins boost Masterplast profit

Net income of bourse-listed Hungarian building materials maker Masterplast rose 16% to EUR 3.03 million last year, lifted by higher...

MNB

The Case for Gold as an Investment: Part I

In the first installment of a three-part series, Les Nemethy and Sergey Glekov of Euro-Phoenix look at just how good...

MNB

Debt Levels: Have we Learned the Lessons of 2008?

In this regular biweekly column, Les Nemethy of Central European corporate finance firm Euro-Phoenix questions whether the world really has...

MNB

Hungaryʼs state debt 70.9% of GDP, including Eximbank

Hungaryʼs national debt as a percentage of GDP reached 70.9% at the end of last year, down from 73.4% at...

MNB

Core Inflation on the Rise, all Eyes on Rate-setters

With the latest inflation data having been released by the Central Statistical Office (KSH), we could see the start of...

MNB

Orbán to propose Matolcsy for another term as MNB chief

Prime Minister Viktor Orbán will propose György Matolcsy for a second term as governor of the National Bank of Hungary...

MNB

Trade surplus HUF 6 bln in 2018, down a quarter y-o-y

The surplus of external trade in goods was EUR 398 million in the month of December, the Central Statistical Office...

MNB

Wabererʼs seeking EUR 47.8 mln from vehicle maker cartel members

Hungarian road haulage company Wabererʼs on Tuesday announced the scale of damages it is seeking from members of a vehicle...

MNB

EUR 1.8 bln Invested in Property in 2018

Real estate investment volume for Hungary in 2018 was close to EUR 1.8 billion, reflecting a third consecutive year of...

MNB

Hungary general govʼt contingent liabilities at 17.5% of GDP

Contingent liabilities of Hungaryʼs general government, such as government guarantees, liabilities related to off-balance public-private partnerships (PPPs) and liabilities of...

MNB

OTP closes Bulgarian Société Générale unit acquisition

OTP Bank on Wednesday said it closed the acquisition of the Bulgarian unit of Franceʼs Société Générale Group on January...

MNB

Dentons advises Vinci on PPP concession for Belgradeʼs airport

Dentons has advised Vinci Airports on the 25-year PPP concession in respect of Belgrade’s Nikola Tesla Airport, covering the airportʼs...

MNB

EU transfers to Hungary reach EUR 4.4 bln in 2018

Transfers to Hungary of European Union development funding came to EUR 4.4 billion last year, or more than HUF 1.4...

MNB

World Bankʼs 2019 GDP forecast well below govʼt prediction

The World Bank forecasts Hungaryʼs GDP growth for 2019 to reach 3.2%, almost a whole percentage point under the Hungarian...

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...