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ÁSZ President Questions Neutralization of MNB Losses

The accumulated losses of the National Bank of Hungary (MNB) could only be "neutralized" in several years, but it is questionable how this could be solved from the central bank's profits, the president of the State Audit Office (ÁSZ) László Windisch said last week in Eger (130 km northeast of Budapest).

Chinese yuan exceeds the dollar in China-Hungary trade amid stronger connectivity

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Fitch Affirms Its Investment Grade Rating on Hungary

The international rating agency said it expects the Hungarian economy to grow at an average rate of 3 percent in the coming years.

Central Bank on a Gold Shopping Spree

The Hungarian Central Bank decided to increase its gold reserves tenfold, and then to 94.45 tonnes at the beginning of 2021.

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