ADVERTISEMENT

International reserves fall in August

MNB

Hungary’s international reserves stood at €30.55 billion at the end of August, falling €3.18 billion from €33.73 billion a month earlier, according to the latest round of National Bank of Hungary (MNB) figures.

The main factor behind the drop was the advance repayment of Hungary’s 2008 IMF loan.

The central government paid off about HUF 720 million on August 6 to the IMF and the state of Hungary paid off HUF 2.2 billion on August 12.

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing... Banking

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing...

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Q1 Growth of AutoWallis' New and Used Vehicle Sales Above Ma... Automotive

Q1 Growth of AutoWallis' New and Used Vehicle Sales Above Ma...

Consumer Protection Forces Website Changes on Viagogo Tourism

Consumer Protection Forces Website Changes on Viagogo

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.