eurozone - Diplomacy & Trade

Success of Eurozone Accession More Important Than Timing

D&T — Sat, 10 Oct 2026 15:27:00 +0000

National Bank of Hungary (MNB) governor Mihály Varga acknowledged the benefits of adopting the euro, but said ensuring the country was prepared to make the common currency its own was more important than a date for joining the eurozone, addressing an event organized by the Hungarian Civic Cooperation Association. Mihály Varga told the event that […]

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MNB Official: Hungarian Euro Possibly as Early as in 2032

D&T — Sun, 27 Sep 2026 07:04:00 +0000

National Bank of Hungary (MNB) vice president responsible for monetary policy, financial stability, and foreign exchange reserve management, Zoltán Kurali told the Reuters news agency that the Tisza government’s promise to meet the conditions for adopting the euro by 2030 means that Hungary could join the exchange rate mechanism (ERM-2), the euro’s “waiting room” by […]

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An Important Step towards the Euro Zone

Sándor Laczkó — Fri, 25 Sep 2026 05:17:15 +0000

At its September meeting, the Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.50%, marking the first time it has kept the benchmark rate steady following the interest rate cuts over the summer. The central bank announced that, effective January 1, 2028, it will lower its inflation target […]

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Support for Joining Euro Zone Exceptionally High in Hungary

D&T — Sat, 27 Jun 2026 10:57:00 +0000

Support for joining the euro zone is exceptionally high, at around 70-75%, in Hungary, Prime Minister Péter Magyar said following talks with Eurogroup president Kyriakos Perrakakis in Budapest on Friday. Among member states outside the euro zone, Hungary has the high level of support for joining, the Prime Minister added. "This has not always been […]

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Possible Benefits if Hungary Joins the Eurozone

D&T — Fri, 29 May 2026 06:00:00 +0000

Analyzing the prospects of adopting the euro, along with its potential advantages and disadvantages, a new research study examines the impact that Hungary’s joining the monetary union would have on domestic interest rates. In line with global and European trends, interest rates in Hungary remained low during the second half of the 2010s. The 10-year […]

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Eurozone Industrial Production Fell in May

D&T — Wed, 17 Jul 2024 20:13:44 +0000

According to data published by Eurostat, the statistical office of the European Union, the industrial production of the Eurozone decreased to a lesser extent than expected by analysts, but in a monthly comparison in May, a decline was also registered on an annual basis. In May, industrial production in the Eurozone fell by 0.6% on […]

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Industrial Production Down in Hungary by 6.9% Annually

D&T — Fri, 14 Jul 2023 07:07:37 +0000

The volume of industrial production in Hungary declined in May 2023 by 6.9%, year-on-year. The same figure for the same month in the euro zone was a decrease of 2.2%. As the country's Central Statistical Office reports, production in Hungary dropped in the majority of the manufacturing subsections, however, the production volume increased in the […]

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