The National Bank of Hungary (MNB) plans to neutralize its ecological footprint in close cooperation with WWF Hungary. Last year, the Bank successfully started compensating carbon-dioxide emissions at its international green conferences, by providing funds for forest restoration at Pápateszér. The MNB expects to fully neutralise the carbon-dioxide emission arising from its operation from 2021 […]
The National Bank of Hungary (MNB) has published a study and discussion paper focusing on the challenges and opportunities for the financing of the Hungarian renewable energy sector. According to a statement by the bank, MNB's newly introduced preferential capital requirements for green corporate financing may also help the development of this sector. The national […]
In November 2020, annual inflation stood at 2.7% and core inflation at 3.9%. Core inflation adjusted for the effects of indirect taxes, was 3.3%. Inflation fell by 0.3 percentage points relative to the previous month, primarily reflecting a decline in fuel and regulated product prices. The National Bank of Hungary (MNB) says its measures of […]
The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to honor the 125th anniversary of the Hungarian Olympic Committee’s foundation. MNB says the special silver collector coin with a gold-coated edge and its non-ferrous metal version pay homage […]
House prices fell by 5.6% in the second quarter of the Hungarian capital. Consequently, prices fell by some 2.5% compared to a year earlier, the National Bank of Hungary (MNB) reports. According to the latest MNB house price index data, house prices in Budapest declined year on year in nominal terms, which has been unprecedented […]
The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to honor the Constitutional Court of Hungary and the 30th anniversary of its establishment. The Constitutional Court was one of the crucial institutions of the democratic political transition in […]
At an international online conference organised jointly by the National Bank of Hungary (MNB) and the European Bank for Reconstruction and Development (EBRD), presentations and discussions focused on the assessment and quantification of the adverse economic effects of climate change, the funding of renewable energy production and energy efficiency investments to achieve a green recovery […]
The National Bank of Hungary has issued a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to mark the 150th anniversary of the foundation of the Hungarian Meteorological Service on September 25, 2020. For the first time in the history of central bank issuances of […]
Following an EU record 3.8% annual inflation rate in July, this figure rose to 3.9% year on year in August, primarily reflecting increases in the prices of fuel and industrial goods due in part to base effects. A report published this Friday by the National Bank of Hungary (MNB) is of the view that supply-demand […]
The adverse effects of the outbreak of the coronavirus pandemic did not have a significant effect on the domestic payments infrastructure; however, there was a substantial decline in turnover data for almost all payment methods in the second quarter of 2020. According to a report by the National Bank of Hungary (MNB), it is primarily […]
The National Bank of Hungary (MNB) will issue a silver collector coin of HUF 10,000 and its non-ferrous metal version with a face value of HUF 2,000 on September 2, 2020 to honor the 45th anniversary of the foundation of Hungary’s second national park. The vertical rectangle special collector coins will be issued as a […]
By implementing its Green Program, the National Bank of Hungary (MNB) wishes to contribute to reducing risks related to climate change and other environmental issues and to raising the volume of green market financing in Hungary. Following the measures already taken in the banking sector, the Bank says it will start introducing green finances in […]
According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) has built a EUR 10 billion safety net through agreements with major central banks. According to MNB, the economic policy pursued over the past decade has helped to achieve and maintain macroeconomic balance in Hungary and reduced the country’s external and internal vulnerability, thereby significantly […]
The National Bank of Hungary (MNB) has warned that HUF 2,000 and 5,000 banknotes issued before 2016 may not be replaced with the new banknotes free of charge at every bank and postal office after July 31, 2020. A statement by MNB says that after July 31, 2020, post offices and credit institutions may continue […]
