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Wednesday 29 Mar 2017
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MNB Moves Towards Instant Payments
The MNB has appointed its clearing house subsidiary GIRO to develop the central infrastructure for instant payment systems by the middle of 2019, the central bank announced. more »
National Bank Keeps Base Rate On Hold, Raises 2017 Inflation Forecast To 2.6 %
The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90 percent at a meeting on Tuesday, as expected. The National Bank of Hungary (NBH) raised its inflation forecast for this year in a quarterly forecast released. more »
Consumer, Business Confidence Improve In March
GKI’s combined consumer and business confidence index edged up to 0.5 point in March from 0.1 point in the previous month. The business confidence index rose to 4.7 points from 4.5 points. Industrial companies’ assessment of output in the recent period improved, but the production outlook worsened. more »

Govt To Publish 2014 - 2020 EU Tenders Before End-March


Govt To Publish 2014 - 2020 EU Tenders Before End-March
The government will put out all tenders for European Union funding in the 2014-2020 period, totalling 8,900 billion forints (EUR 28.7bn), before the end of this month, government office chief János Lázár told parliament on Monday. Lázár said in his introduction to a plenary discussion on the subject that 53% of the grand total has already been contracted. more »

EU Tenders To Be Published Next Week


EU Tenders To Be Published Next Week
The government will publish all EU tenders for the 2014-2020 period next week, which puts the country ahead of most countries in the region, government office chief János Lázár told a conference. Accounting for the prior period will be closed by June 30 to avoid a loss of resources, and the number of contested cases is minimal, he told the conference organised by financial news portal Portfolio. more »

New Body To Boost Hungary’s Competitiveness Holds Inaugural Meeting


New Body To Boost Hungary’s Competitiveness Holds Inaugural Meeting
Short-term fixes for boosting Hungary’s competitiveness will focus on areas such as tax administration, a review of building permits and protecting small property owners, Mihály Varga, the economy minister, told a press conference after the inaugural meeting of the National Competitiveness Council. more »



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