Tag "Magyar Nemzeti Bank"
The Hungarian Village program is expanding with the support of small town shops and pubs and two additional elements
The government has decided to expand the Hungarian Village program with four elements – support for small-town shops and pubs, as well as a program for church renovation and the...
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Hungarians are in debt
In January 2025, the domestic credit market reached a historic milestone: the average amount per contract of newly concluded personal loan contracts exceeded 3 million forints for the first time,...
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The average amount of personal loans has exceeded the 3 million forint mark
The average amount of personal loans planned by loan applicants has increased by over 50 percent in two years. But what could be behind the drastic increase? The statistics of...
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Equilor: The Hungarian National Bank faces a new era, headed by Mihály Varga
From March 4, Mihály Varga will be the new president of the Hungarian National Bank, but a sharp change in monetary policy is not expected, according to the assessment of...
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The Chairman and CEO of Szerencsejáték Zrt. is leaving
The Chairman and CEO of Szerencsejáték Zrt. will leave his position on March 5, the company announced to MTI on Monday. Andrea Mager is leaving by mutual agreement, according to...
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Bank360: Hungarians’ wealth hits record high, they are taking more and more money abroad
The population saved 6,800 billion forints last year, the cash stock has grown to over 7,000 billion, a new high, and an increasing part of bank deposits is now abroad...
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Bank360: The population has incurred a record amount of debt, with both housing loans and personal loans hitting record highs
Banks set a record in 2024: the amount of new contracts was 1,351 billion forints in housing loans and almost 820 billion forints in personal loans. The rise in housing...
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Mihály Varga: the central bank’s primary goal is to maintain price stability
The primary goal of the Hungarian National Bank (MNB) is to achieve and maintain price stability, Finance Minister Mihály Varga stated in his hearing for the candidate for governor of...
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The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important, not only from an ethical point of view, but also from an economic point of view, said Oszkár Ökrös, Deputy...
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MNB: before a slow turnaround, the commercial real estate market
The lower-than-expected GDP growth has not yet been able to significantly support activity on the commercial real estate market, but the market cycle may have reached its bottom, said Tamás...
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Victims of phishing can also request compensation from their bank
Sorry, this entry is only available in HU....
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The Széchenyi card program is still decisive in the financing of SMEs
The role of the Széchenyi card program is crucial in the financing of domestic small and medium-sized enterprises (SMEs), which is also confirmed by the statistics of the Magyar Nemzeti...
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This may be the real danger of the increased transaction fee
It is not expected that domestic wealthy people will take the majority of their money abroad due to the increased transaction costs – but it is possible that they will...
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One-fifth of Hungarians aren’t careful enough when shopping online
Nearly three quarters of Hungarians regularly shop and pay online and 97% are aware of the risks involved. This article is available for reading in Trade magazin 2024/6-7 Four-fifths of...
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Payment by QR code is coming in Hungary
At the turn of the 1980s and 1990s, due to its technological backwardness, Hungary skipped payment by check and went directly to payment by bank card. In contrast, in other...
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Hungarians don’t really want to pay in cash anymore
In the first quarter of 2024, the number of Hungarian bank card cash withdrawals barely exceeded 20.6 million, which means an average of two transactions per card in three months....
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MNB: the stock of green loans reached a peak last year
Through the Magyar Nemzeti Bank’s (MNB) Green Capital Requirement discount program, banks issued almost HUF 880 billion in loans based on the total at the end of 2023, said the...
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Every year 8 billion HUF us stolen from our bank cards because of our convenience
Our convenience is our undoing: we want to quickly pounce on a good offer on the Internet and we don’t care about security – thanks to this, the rate of...
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MNB: both inflation and core inflation were in the middle of the central bank’s March forecast band
Both inflation and core inflation were in the middle of the forecast range of the central bank’s March Inflation Report – stated the analysis of the Hungarian National Bank’s March...
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MNB: instant payment goes to a new level
From April 1, all domestic consumers and businesses can complete their payment transactions by accepting a payment request and initiating an immediate payment in response, the Magyar Nemzeti Bank (MNB)...
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László Perlusz: The base interest rate should be brought below 5 percent
Businesses don’t take out loans because they don’t see the future as assured. If there is nothing to base the investment plans on, they will not take a loan even...
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Magyar Nemzeti Bank: Price caps did not help curb food inflation
Based on a study by the Magyar Nemzeti Bank (MNB), price caps did not reduce, but actually increased food inflation in the domestic market. During the period examined by the...
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Consumer protection news: what to expect in 2024?
The past period has brought many legislative changes, especially in the area of consumer protection. Zoltán Marosi, co-head of DLA Piper Hungary’s competition law group, gathered the main legislative developments...
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End of the century: after this year’s slight decline, the economy may expand next year
The Hungarian economy may shrink by 0.7 percent this year, according to the forecast of Századvég Konjunktúrakutató Zrt., followed by 2.7 percent growth in 2024 and 3.1 percent growth in...
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The MNB provides consumer protection advice for an intimate Christmas
This year, the MNB is creating a financial consumer protection advent calendar for the first time, giving 24 financial advices for 24 days, sharing tips on its social media platforms;...
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Mihály Varga: it is too early to talk about joining the Eurozone
According to Finance Minister Mihály Varga, it is too early to talk about Hungary joining the Eurozone. On Saturday, at the Tranzit festival in Tihany, the head of the ministry...
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MNB: stable lending capacities, unchanged credit terms and low demand on the credit market
Stable lending capacities, unchanged credit terms and low demand characterized the credit market in the second quarter of this year based on the second quarter Lending Survey of the Magyar...
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MNB: food and manufactured goods curbed inflation in June
In June, the slowdown in inflation continued for the fifth month. Compared to the previous month, inflation slowed by 1.4 percentage points to 20.1 percent; the slowdown was almost entirely...
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No business without nature
We are constantly using up and losing our natural resources. The net zero targets set by governments and businesses to cover 70% of the global economy cannot be achieved without...
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MNB: according to the American economist, there is no green transition without cooperation
International cooperation and dialogue must be prioritized in solving global issues such as a sustainable, green transition – said economics professor Jeffrey D. Sachs, director of Columbia University’s Center for...
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