In recent years, partially state-owned Chinese banks established a presence in the Visegrád countries, mainly to aid Belt and Road projects, which started facing obstacles in recent years. In early 2020, the Hungarian National Bank has announced the registration of a new credit institution in the country, the local subsidiary of the China Construction Bank, […]
The National Bank of Hungary (MNB), the country's central bank, has organised a high-level conference on the occasion of the 30th anniversary of the establishment of the Visegrad Cooperation. Among the speakers of the conference, titled 'Gradual Transition into a Greener Economy – Challenges and opportunities', the bank welcomed the central bank governors and deputy […]
The Budapest Stock Exchange's share index, the BUX, closed at a new all-time high of 49,015.24 points on Monday, up 169.40 points or 0.35% . Turnover on the stock market was HUF 7.1 billion forints on Monday, with the leading shares gaining on Friday's close, with the exception of that of MOL. Lajos Török, senior […]
The shock-absorbing capacity of the Hungarian banking sector remains strong. In the second half of 2020, the sector’s capital position improved further, while banks’ liquidity continued to rise even from its previous high level, according to an analysis by the National Bank of Hungary (MNB). The banking system is characterised by a balanced funding structure […]
The Hungarian currency, the forint continued to strengthen on Tuesday, with the euro falling below HUF 350 on international currency markets. However, this position is still about 33% weaker than in the spring of 2010 when the Orbán government took power. The strengthening continued after the statement by Barnabás Virág, Vice Governor of the National […]
According to Colliers, a leading diversified professional services and investment management firm, Western European capital, particularly German and UK funds, was most active and responsible for ca. 50% of all volumes in Q1 2021 across the CEE region. According to Kevin Turpin, Regional Director of Research, CEE, “as the pandemic continues to impact on capital […]
