MNB

MNB

Tender under way for Paks turbines

A consortium of General Electricʼs Hungarian unit and Alstom Power Systems, as well as Russian company Silavie Masini, has entered...

MNB

Hungary signs for EUR 200 mln EIB credit to fund EU programs

The European Investment Bank (EIB) will extend EUR 200 million in credit to the Hungarian government to help finance investments...

MNB

Study links flat rental prices to salaries

Furnished housing aggregator Nestpick has released the 2017 Furnished Apartment Index, detailing the costs of both furnished and unfurnished apartments...

MNB

State debt down slightly at end of Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.7% of GDP at the end of September, down from...

MNB

Hungariansʼ purchasing power on the rise, slowly

Per capita purchasing power has jumped above EUR 6,000 in Hungary, which is still less than half of the European...

MNB

Masterplast benefits from better market conditions in Q3

Third-quarter net income of building materials producer Masterplast rose 12% year-on-year to EUR 1.08 million as revenues climbed, lifted by...

MNB

Demján buyout makes Gránit Pólus wholly Hungarian

Property developer Sándor Demján has bought Canadian businessman Peter Munkʼs stake in real estate developer and manager Gránit Pólus Group,...

MNB

Preliminary MNB data indicate Q3 drop in external financing capacity

Hungaryʼs net external financing capacity slightly exceeded EUR 1.4 billion in the third quarter of 2017, dropping from an all-time...

MNB

Wabererʼs Q3 net income climbs 8%, revenues up 23%

Third-quarter recurring net income of listed road haulage company Wabererʼs rose 8% year-on-year to EUR 6.2 million, an earnings report...

MNB

IMF sees Hungaryʼs GDP growth slowing in 2019

The International Monetary Fund (IMF) is predicting that Hungaryʼs GDP growth could slow to 2.8% in 2019, from a projected...

MNB

European Commission raises GDP growth forecasts

The European Commission (EC) has raised its projections for GDP growth in Hungary to 3.7% for this year and 3.6%...

MNB

Wizz Air H1 revenues up almost 25%

Hungarian low-cost airline Wizz Airʼs revenues rose 24.8% year-on-year to EUR 1.149 billion in the first half of its business...

MNB

Trade surplus down slightly in September

Hungaryʼs surplus of trade in September 2017 amounted to EUR 928 million, down by EUR 36 mln compared to the...

MNB

MNB intʼl reserves up EUR 333 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.559 billion at the end of October, up...

MNB

MNB ‘fine-tuning’ FX stock unchanged after tender

The National Bank of Hungary (MNB) allotted HUF 150 billion of forint swaps against euros at a tender on Monday,...

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...