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A rebound in inflation outside the central bank's target forced the National Bank of Hungary to pause rate easing at the EU's highest level of 6.75% last month after 15 consecutive cuts totalling ...
The National Bank of Hungary, which cut its base rate by 25 basis points to 6.5% on Tuesday, reduced its economic growth forecasts - projecting it at 1% to 1.8% this year and 2.7% to 3.7% next ...
The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank, MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations.
Márton Nagy (born in Szolnok, Hungary on 9 May 1976) is the Minister for National Economy of Hungary. [1] He previously served as Minister of Economic Development between May 2022 and December 2023, and before that as the Prime Minister's Chief Economic Adviser in the Prime Minister's Office in the fourth Orbán Government from 2020 to April 2022. [2]
Parliamentary elections were held in Hungary on 3 April 2022 to elect the National Assembly, coinciding with a referendum. [1][2] Hungary's incumbent prime minister Viktor Orbán won re-election to a fourth term. Addressing his supporters after the partial results showed Fidesz leading by a wide margin, Orbán said: "We won a victory so big ...
Profession. Politician, economist. György Matolcsy (born 18 July 1955, Budapest) is a Hungarian politician and economist, current governor of the Hungarian National Bank (MNB). [1] He also served as Minister of National Economy from 2000 to 2002 during the first cabinet of Viktor Orbán and from 2010 to 2013 in the Second Orbán Cabinet. [2]
Hungary is an independent state, which has been a member of the European Union since 2004. Since 1989 Hungary has been a parliamentary republic. Legislative power is exercised by the unicameral National Assembly that consists of 199 members. Members of the National Assembly are elected for four years.
e. The Government of Hungary (Hungarian: Magyarország Kormánya) exercises executive power in Hungary. [1] It is led by the Prime Minister, and is composed of various ministers. [2] It is the principal organ of public administration. The Prime Minister (miniszterelnök) is elected by the National Assembly and serves as the head of government ...