National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation." He wrote in an online column this Monday that "Parliament has approved the 2022 budget and its target for a 5.9-percent-of-GDP deficit. I […]
“It will be crucial when the protection of the population against infection can be achieved. If this is achieved in the first half of 2021, we expect the fastest economic recovery in Hungary in the last hundred years.” Even if the last half of this statement made earlier this week by the Governor of the […]
The National Bank of Hungary has acquired new luxury real estates by buying a villa in one of Budapest’s most expensive 12th district for over HUF one billion forints back in February, and another property in the Castle District of for about HUF 800 million.
The National Bank of Hungary (MNB) has purchased a castle hotel in eastern Hungary and it will operate the facility as its own resort in the future, the financial website portfolio.hu reports on the basis of news from HVG released on Thursday.
Deputy Governor of the National Bank of Hungary (MNB), Júlia Király submitted her resignation on Monday. She also resigns as member of the Monetary Council. She wishes to protest against recent changes at the national bank.
The National Bank of Hungary (MNB) has announced on Thursday that its Monetary Council discussed the possible means of fostering economic growth and launches the Funding for Growth Scheme (FGS) of the Bank to boost the economy.
The Monetary Council of Hungary’s central bank (MNB) has decided to lower the base rate by 25 basis points to an all-time low of 5.00% on Tuesday, in line with the market’s call. It was the first rate setting under newly appointed Governor György Matolcsy.
Hungary’s Economics minister György Matolcsy has been nominated by Prime Minister Viktor Orbán as the next Governor of the National Bank of Hungary (NBH). Matolcsy follows András Simor whose six-year mandate expires on March 3.
Roubini Global Economics insists that it was not its research note that sparked a sell-off of the Hungarian currency but comments by Hungarian economics minister György Matolcsy that the policy of a strong forint between 2002 and 2010 had been a mistake.
Hungarian economics minister György Matolcsy announced a new set of measures to keep the budget deficit on track as the European Union has signalled to them that the first package is not sufficient to fill the hole in the 2013 budget.
Hungary expects to sign a new agreement with the International Monetary Fund (IMF) and the EU early next year, the country's Economy Ministry said on Friday. Hungary, in a reversal of policy, wants to see the IMF act as an "insurance".
The Hungarian government has decided to re-launch forint-denominated state-subsidised home loans that will be available for the purchase of both new or used homes. Also, there will be housing subsidy on social grounds.
The Hungary's Economy Minister György Matolcsy has proposed increasing the value-added tax on luxury items in a letter sent to European Tax Commissioner Algirdas Semeta, the Ministry of National Economy said in a statement on Wednesday.
Hungary is to further reduce its public debt in October and November, taking it down from 77% of gross domestic product to 73%, Prime Minister Viktor Orbán told a news conference after a cabinet meeting on Tuesday.
The member states of the European Union advocate sound budget policy. That was the conclusion observers drew from the two-day informal meeting of Economic and Finance Ministers (ECOFIN) in Hungary this past week-end.
