Tag "MNB"
July inflation in Hungary was higher than expected
Against our expectation of 4.0%, the annual rate of inflation rose to 4.1% in July, following the 3.7% annual increase in June. Compared to the previous month, the price of...
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Expanding FinTech sector in Hungary: digital development continues to improve
The Hungarian FinTech sector shows continuous growth, there are currently more than 200 active FinTech companies operating in our country. For the fifth time, the Magyar Nemzeti Bank (MNB) has...
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MONEY.HU: Hungarians are optimistic about their financial situation
According to the latest quarterly population survey of the Magyar Nemzeti Bank (MNB), households are increasingly optimistic about the coming year, which suggests a more favorable financial situation and new...
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MNB vice president: there is no green transition without central banks
The energy transition is one of the world’s greatest challenges and at the same time one of its greatest opportunities, which also requires a new approach from the central banks...
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K&H: What happened to the HUF? What would be needed in Hungary and what can be expected in Europe?
Despite the weakening of the forint seen in recent days, the euro may remain in the band between 385 and 400 forints this year. At least that is what Dávid...
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MNB: fuel and food accelerated inflation in April
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase...
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Today, the food industry is not “only” a strategic issue, but also a national security issue
Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...
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MNB: you can once again apply for the green finance science awards and the recognition of the green finance science research initiative
This year, the MNB is once again announcing a tender to support research and scientific work to encourage sustainability, as well as to recognize renowned researchers in the field. Applications...
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MNB: the activity of the commercial real estate market may increase with economic growth
After the vacancy rates in the office market and industrial-logistics continued to rise in 2023 with subdued demand and significant new transfers, the activity of the commercial real estate market...
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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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MNB: Hungary’s competitiveness in the EU ranking has deteriorated
Hungary’s competitiveness fell two places in 2023 compared to the previous year, and slipped back to 19th place out of the 27 EU countries, according to the central bank’s 2023...
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GKI expects a 3.5% drop in purchased consumption in 2024
In its late December publication, GKI essentially confirmed its September forecast for 2023-2024. GKI lowered its inflation forecast from 18% to 17.7% in 2023 and from 7% to 6.5% in...
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Electronic payment is becoming more and more important
The spread of electronic payments can be felt more and more clearly in Hungary, which shows an increasing trend every year. According to the professional article published by the MNB,...
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MNB: the slowdown in the inflation of manufactured goods and foodstuffs offset the increase in the price of fuel in February
The annual consumer price index decreased by 0.1 percentage points in February compared to the previous month; the disinflationary contribution of manufactured goods (-0.4 percentage points) and food (-0.3 percentage...
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MNB: the slowdown in the inflation of manufactured goods and foodstuffs offset the increase in the price of fuel in February
The annual consumer price index decreased by 0.1 percentage points in February compared to the previous month; the disinflationary contribution of industrial goods (-0.4 percentage points) and food (-0.3 percentage...
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Revolut offers a deposit, but it remains outside the protective umbrella of the Hungarian deposit guarantee
Revolut Bank, based in Lithuania and operating as a cross-border service provider in Hungary, has started actively collecting deposits, but it still does not apply for a Hungarian subsidiary bank...
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According to experts, the labor market is transforming with unprecedented speed
The labor market is transforming with unprecedented speed, the processes are forcing both company managers and employees to constantly adapt – said the experts of the Magyar Nemzeti Bank (MNB)...
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A pleasant surprise arrived at the end of last year
The inflation data for December was published this morning by the Central Statistical Office. Consumer prices fell by 0.3 percent on a monthly basis, and the annual index thus fell...
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Extreme Digital-eMAG Kft. received a serious fine
The customer information activities of Extreme Digital-eMAG Kft. were unlawful on many points, in addition, some of its records were incomplete and it did not verify the analysis of a...
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Az álmok megvalósultak!
A Lánchíd Klub 2003 őszén jött létre. Az egyesületi formában működő Klub küldetése elsődlegesen a kereskedelem és a gyártói oldal közötti együttműködésnek az elősegítése, de tevékenységében fontos szerepet kapott a...
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MNB: the decline in food inflation accelerated in September
In September 2023, the decrease in domestic inflation continued at a faster rate than in previous months, the Magyar Nemzeti Bank (MNB) stated in its Tuesday quick analysis of the...
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The level of insurance of companies has decreased
According to the latest series of insurance data published by the MNB, domestic insurance companies handled 186,800 corporate property insurance policies by the end of the first half of the...
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Rossmann raises wages for the second time this year
Rossmann is raising its wages for the second time this year, this time the drugstore is spending HUF 300 million to increase the salaries of its employees. The company, which...
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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: the balance of payments surplus continued to grow
The current account surplus increased by EUR 152 million from EUR 396 million in May to EUR 547 million in June, according to the latest preliminary data of the Magyar...
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MNB: food prices reduced July inflation
In July, the decline in inflation intensified, inflation slowed by 2.5 percentage points compared to the previous month, annual core inflation decreased significantly by 3.3 percentage points, the Magyar Nemzeti...
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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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MNB director: inflation is falling due to both external and internal processes
The rates of price increases are decreasing on a global level, and in addition, internal demand and economic policy are also pointing in the direction of disinflation in Hungary, so...
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