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• Finance

  Central Bank base rate could stay by the end of 2020

  

  Hungaryʼs inflation rate could stay around the central bankʼs 3% "price stability" target even beyond the middle of 2019, if the new government launches reforms to boost competitiveness and productivity improves, National Bank of Hungary (MNB) deputy governor Márton Nagy said.

   Thu, Apr. 26, 2018, 10:01

  • MNB
  • inflation
  • base rate
• Business

  MNB approves share acquisition in CIG Pannónia by Konzum

  

  The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG Pannónia Életbiztosító and its subsidiary CIG Pannonia Első Magyar Általános Biztosító. 

   Thu, Apr. 26, 2018, 09:26

  • mnb
  • konzum
  • cig pannónia
• Finance

  MNB policymakers keep base rate on hold

  

  The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold at 0.9% at a monthly policy meeting Tuesday. The council also left the overnight central bank deposit rate at -0.15% and the O/N collateralized loan rate at 0.9%.

   Tue, Apr. 24, 2018, 16:26

  • mnb
  • base rate
  • monetary council
  • central bank
• Finance

  MNB FX swap stock to edge up after tender

  

  The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,586 billion after a tender on Monday, show data released by the central bank and cited by state news wire MTI.   

   Mon, Apr. 23, 2018, 16:00

  • mnb
  • fx. swap
  • tender
  • central bank
• Finance

  Eurostat has reservation over MNB foundationsʼ classification

  

  In a note to a statistical release on deficit and debt data for 2017, the EUʼs statistics office Eurostat expressed its reservation Monday over the way Hungary classifies the foundations of the National Bank of Hungary (MNB) in its national accounts statistics, arguing that they should be included in the general government sector.

   Mon, Apr. 23, 2018, 14:53

  • eurostat
  • eximbank
  • mnb
  • central bank
  • foundation
• Special Report

  Hungary Places Third in “Glass Ceiling Index 2018”

  

  Hungary has been placed third in the 2018 “Glass Ceiling Index”, which surveyed the percentage share of female management in 41 OECD and EU member countries’.

   Fri, Apr. 20, 2018

  • glass ceiling
  • women managers
  • hungary
  • Honeypot
• Business

  CTP expanding in Hungary

  

  The industrial and business park developer, CTP is expanding its activities in the Hungarian industrial market: the company has made two land purchases in Biatorbágy and Dunaharaszti in the greater Budapest area. The acquisitions will increase the value of assets owned by the company in Hungary EUR 320 million by the end of 2018 according to CTP.

   Fri, Apr. 20, 2018

  • CTP
  • logistics
  • industrial
  • Hungary
  • Budapest
  • CEE
• Finance

  MNB deputy governor sets ambitious targets for lenders

  

  An increase in incomes, expanding investments and lending growth are all necessary for Hungary to achieve sustainable convergence by 2030, Márton Nagy, deputy governor of the National Bank of Hungary (MNB), said at a conference organized by business news site portfolio.hu on Wednesday.   

   Thu, Apr. 19, 2018, 11:36

  • mnb
  • lending
  • banking
  • loan
  • nagy
• Economy

  Chamber, MNB submit economic policy proposals

  

  The Hungarian Chamber of Commerce and Industry (MKIK) and the National Bank of Hungary (MNB) have together produced a package of proposals for the government to consider when it drafts its new strategy for economic policy, daily Magyar Idők reported on Wednesday, cited by state news wire MTI.   

   Wed, Apr. 18, 2018, 11:42

  • mkik
  • mnb
  • central bank
  • economic policy
  • proposal
  • government
• Finance

  MNB FX swap stock to edge up after tender

  

  The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,562 billion after a tender on Monday, data released by the central bank show.   

   Mon, Apr. 16, 2018, 16:53

  • mnb
  • central bank
  • fx
  • swap
  • tender