MNB

State debt at 73.6% of GDP at end of 2017

Hungaryʼs gross consolidated state debt, calculated according to Maastricht rules and including the liabilities of state-owned Magyar Eximbank, stood at...

MNB

MNB maintains capital buffer; introduces interbank funding cap

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer, introduced in 2016 to mitigate...

MNB

Ongropack inaugurates HUF 9.1 bln plant

Hungarian family-owned PVC plastics manufacturer and distributor Ongropack inaugurated a HUF 9.1 billion plant in Szirmabesenyő (NE Hungary) on Tuesday,...

MNB

Net external financing capacity 1.8% of GDP in Q4

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus on its current and capital accounts -...

MNB

Pénzügykutató, Századvég raise 2018 growth forecasts

Economic research firm Századvég raised its GDP growth forecast for Hungary this year to 4.1% in an update released on...

MNB

Trade surplus up in January as exports outstrip imports

In euro terms, exports increased by 10% and imports by 9.3% in January 2018 compared to the same month of...

MNB

Wabererʼs doubles profit, eyes further acquisitions

Net income of listed road haulage company Wabererʼs doubled to EUR 18.4 million last year, an earnings report released early...

MNB

MNB intʼl reserves down EUR 858 mln in February

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.556 billion at the end of February, down...

MNB

EIB loans in Hungary focus on SME development and competitiveness

Last year, the EIB Group signed loans worth EUR 700 million with Hungary to promote SMEs, urban development and competitiveness....

MNB

Erste Bank Hungary net income up 23% in 2017

Net income of the Hungarian business of Austriaʼs Erste Group rose 23.4% to EUR 164.9 million last year, an earnings...

MNB

Masterplast increases both revenues and profit

Net income of stock exchange-listed Hungarian building materials maker Masterplast rose 15% to EUR 2.65 million last year, lifted by...

MNB

MFB to launch EUR 500 mln bond issue

The state-owned Hungarian Development Bank (MFB) will issue euro-denominated bonds with a limit of EUR 500 million over a period...

MNB

MNB includes Eximbank in state debt calculations

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.1% of GDP at the end of December 2017, down...

MNB

Current account surplus up in Q4

Hungary had a current account surplus of EUR 884.7 million in the fourth quarter of 2017, up from EUR 805.8...

MNB

Trade surplus edges up in December

Both exports and imports were up by 2.5% in December 2017 in euro terms, compared to the same month of...

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

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...

MNB

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

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...

MNB

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...

MNB

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

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...

MNB

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...

MNB

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

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

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

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

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

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...