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The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered the two-week deposit rate to 12.25% from 12.5%, the first cut since January 16, 2003. The MNB almost doubled the...
#bank#GDP#inflation
The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25…
#bank#exports#international
A slew of changes to the law on value-added tax are being passed by Parliament. Among these are: An easing…
#cash-flow#exporters#regulation
Ecostat's poll of Hungarian SMEs showed that pessimists outnumber optimists with regard to both their own situation (by 38% to…
#economy#exports#GDP
Hungary attracted Ђ1.494 billion in foreign direct investment (FDI) in 2003, according to preliminary figures released by central bank (MNB).…
#bank#economy#exports
CIB Bank, the Hungarian subsidiary of Italy's Banca Intesa Group, has received Ђ30m from the European Bank for Reconstruction and…
#Access to Finance#bank#European Commission
Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its…
#economy#inflation#investment
The European Bank for reconstruction and Development (EBRD) and Budapest Lizing Rt have signed a contract on a Ђ20 million…
The Hungarian Development Bank Rt (MFB) has made its first investment as part of its new venture capital activity. MFB…
#bank#Boost#i
Seven independent financial advisory firms operating in nine Central East European countries are scheduled to sign an agreement on forming…
As the Hungarian Development Bank Rt (MFB) steps up its venture capital activities, fund managers have recently had misgivings about…
The European Investment Bank (EIB) has signed an agreement with the state-owned Hungarian Development Bank (MFB) on a Ђ50 million…
The National Bank of Hungary (MNB) raised the base rate, which is equal to the key two-week depo rate, by…