Tag "MNB"

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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Shops adrift at the sea of costs

2022 was a difficult year for stores. Amidst the depressing inflation, families kept cutting back their spending month by month in the second half of the year, in terms of...

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GKI: Why should the MNB fight inflation with high interest rates?

The shocking rise in consumer prices last year and the expected peak this year raises the question of whether the MNB is doing the right thing by protecting itself against...

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April data are out: based on this, how realistic is it that the MNB’s inflation plan will be met?

Based on the KSH’s quick information, the rate of the annual price increase in April was exactly 24 percent, so the inflation data valid for the first 4 months is...

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MNB: last year, most investments in the real estate market came in the office and retail sectors

The investment turnover on the Hungarian commercial real estate market decreased by 28 percent last year, its value did not reach EUR 1 billion, while the majority of transactions continue...

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The only certain thing about life…

…is uncertainty. This sentence is perhaps truer now than ever before. Nobody knows what to expect. Although “the end of the world” that had been predicted for late last year...

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The MNB would consider it important to supervise Revolut Bank as well

In order to protect domestic customers, the MNB urges Revolut Bank to carry out its activities as a domestic subsidiary bank, with headquarters in Hungary and sufficient capital, as an...

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Márton Nagy also spoke about the extra profit tax and the price cap

If energy prices had not fallen, no matter how high the central bank interest rate is, the exchange rate of the forint will probably not stabilize, which is why it...

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MNB vice president: the number one “enemy” is inflation

In the current turbulent economic situation, inflation is the number one enemy for central banks worldwide – and especially in the region – said Mihály Patai, vice-president of the Magyar...

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MNB vice-president: the first step on the road to the green transition is to reduce inflation

The first step on the road to sustainable growth and the green transition is to break down and quickly reduce inflation, because a high inflation environment “regardless of its color”...

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Monetary advice: Food prices fall to pre-Russian-Ukrainian war levels

The long-term maintenance of strict monetary conditions is necessary, which ensures the anchoring of inflation expectations and the achievement of the inflation target in a sustainable manner – the Monetary...

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„Everyone is a retailer and every digital device is a payment point”

Three years ago Mastercard launched its Doppio programme in Hungary, with the goal of doubling the number of card payment terminals by the autumn of 2022. Our magazine asked business...

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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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We can pay twice with Mastercard at twice as many places than three years ago

Mastercard launched its Doppio infrastructure development program in Hungary in November 2019 with the aim of doubling the number of domestic card terminals in three years. One of the most...

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MNB: a quarter of farmers’ loans are protected by the agricultural loan moratorium

A quarter of the loans of agricultural enterprises, sole proprietors, family farmers and primary producers benefit from the safety net of the agricultural loan moratorium announced in August, the Magyar...

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MNB: food caused the acceleration of inflation in October

In October, the annual inflation rose by 1.0 percentage points compared to the previous month to 21.1 percent, which was mainly caused by the acceleration of food inflation. Food contributed...

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MNB: the commercial real estate market is also at risk due to the increase in energy prices

Rising energy prices and the resulting inflationary pressure, as well as the tightening monetary policy in response to this, which also resulted in an increase in financing costs, pose a...

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MNB: due to food prices, inflation accelerated to a brutal extent

More than half of September’s inflation is explained by the rise in prices of food and regulated price products and services. The monthly increase in core inflation, calculated without processed...

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“I wrote this when the sky was still serene”…

…this is how Hungarian poet Mihály Vörösmarty starts his poem, Prologue, which later reaches the point where “it’s winter now and death and snow and stillness”. Well, when I wrote...

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MNB Vice President: handling the crisis cannot come at the expense of sustainability

The central bank is working hard to bring inflation back under control in accordance with its primary goal, but at the same time, the management of the current crisis cannot...

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MNB: rising food prices explain rising inflation

In August, inflation accelerated by 1.9 percentage points compared to the previous month, which is mainly explained by the increase in the food price index. Compared to the previous month,...

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The Ministry of Agriculture welcomes the MNB’s position regarding the agricultural loan moratorium

The Ministry of Agriculture draws the attention of farmers to the position of the Hungarian National Bank, which informs about the procedure for bank classification of loans in payment moratorium....

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Stable points in an unstable period…

…as the experts saw it back in May. On 26 May the Business Dinner – a meeting for FMCG executives – took place in Hungexpo’s new Congress Centre, with the...

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SMEs expect high sales growth – but how much of this will inflation take away?

Based on the results of the second quarter of the K&H SME Confidence Index 2022, businesses expect a 12 percent increase in sales revenue and a 7 percent increase in...

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