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• Economy

  MNB sees CPI dropping to target from mid-2019

  

  Inflation will remain slightly over 3% in the short term, but underlying developments will ensure the achievement of the inflation target in a sustainable structure from mid-2019, the National Bank of Hungary (MNB) said in a quarterly report released Thursday, summarized by Hungarian news agency MTI.

   Thu, Sept. 20, 2018, 12:01

  • CPI
  • consumer price index
  • inflation
  • MNB
  • forecast
• Economy

  MNB keeps base rate on hold, reviews policy instruments

  

  The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank’s key rate on hold at 0.90% at a monthly policy meeting on Tuesday, Hungarian news agency MTI reported. At the same time, it revealed moves to simplify and fine-tune its set of policy instruments.

   Wed, Sept. 19, 2018, 09:00

  • MNB
  • central bank
  • base rate
  • monetary policy
  • MIRS
  • depo
• Finance

  Revenue from payment services up 5% in Q2

  

  Hungarian financial institutions’ revenues from providing payment services amounted to HUF 253 billion in the second quarter of 2018, up 5% from Q2 2017, the National Bank of Hungary (MNB) said in a quarterly report, according to state news agency MTI.

   Tue, Sept. 18, 2018, 10:30

  • Revenue
  • payment services
  • report
  • MNB
• Politics

  Russian elite got residency via bond program, report claims

  

  A joint investigation by Hungarian news sites 444.hu and Direkt36.hu, together with Russian newspaper Novaya Gazeta, has found that under the Hungarian government’s residency bond program, Russian politicians and heads of state-owned companies acquired Hungarian documents that entitle them to reside in Hungary and the European Union.

   Tue, Sept. 11, 2018, 13:03

  • Russia
  • Hungary
  • residency
  • bond
  • scandal
  • Fidesz
  • mafia
  • national security
  • intelligence
  • SVR RF
• Economy

  Int’l reserves up EUR 320 mln in August

  

  International reserves of the National Bank of Hungary (MNB) stood at EUR 24.264 billion at the end of August, up EUR 320 million from the end of the previous month, preliminary data released on Friday show, as reported by Hungarian news agency MTI. 

   Mon, Sept. 10, 2018, 13:04

  • MNB
  • reserves
  • international
  • central bank
• Finance

  Banksʼ H1 profits down 17% on smaller provisions release

  

  After-tax profits of Hungaryʼs banking sector dropped 17% year-on-year to HUF 300 billion in the first half of 2018 as lenders freed up fewer provisions, according to data released by the National Bank of Hungary (MNB) on Friday.   

   Mon, Sept. 10, 2018, 10:15

  • banking
  • profits
  • provisions
  • deposits
  • loans
  • npl
  • mnb
• Business

  Cornstein: ‘Hungary the Best Kept Secret’

  

  “Good as you have been, you can do a hell of a lot better.” These were the uncomplicated if challenging words U.S. Ambassador David B. Cornstein left with guests as the public part of an AmCham business forum closed on September 4.

   Fri, Sept. 7, 2018

  • Hungary
  • America
  • ambassador
  • Cornstein
  • Szabó
  • AmCham
• Real Estate

  Strong Investment Predicted for H2

  

  JLL forecasts that CEE regional investment volume will reach or exceed EUR 12 million, in line with 2016 and 2017 levels. In Hungary several assets of above EUR 100 mln are in due diligence or under marketing with closing expected in the second half.

   Fri, Sept. 7, 2018

  • investment
  • real estate
  • JLL
  • Hungary
  • Poland
  • Czech
  • Romania
  • office
  • retail
• Analysis

  Scope analyzes reasons behind Hungaryʼs economic outlook

  

  German-based ratings agency Scope Ratings finds Hungaryʼs financial stability high, its debt structure improving, exposure to foreign-currency movements weak, and legal conflict with EU institutions troubling in a recently completed case study investigating CEE economies.

   Thu, Sept. 6, 2018, 10:57

  • Scope Ratings
  • Hungary
  • Economy
  • Analysis
• Finance

  MNB prepares to withdraw old HUF 1,000 bills

  

  The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced by a new banknote design with enhanced security features, will be withdrawn from circulation on November 1, 2018. 

   Thu, Sept. 6, 2018, 08:00

  • MNB
  • forint
  • bill
  • banknote
  • withdrawal
  • security