Central Bank Reduces Base Rate by 0.5 pct
November 26, 2008
The Monetary Council of the National Bank made a surprise decision to many analysts by cutting 50 base points.
Hungary to Fulfill Criteria for Joining ERM II in November 2009
November 26, 2008
Hungary will be able to safely fulfill the criteria necessary to join the European Exchange Rate Mechanism (ERM) II by November, 2009.
EBRD Will Increase New Finance to Central European Union Member Countries
November 26, 2008
The European Bank for Reconstruction and Development (EBRD) will increase new finance to Central European Union member countries.
MOL to Lower Wholesale Diesel, Petrol Prices
November 26, 2008
Hungarian oil and gas company MOL will lower its wholesale diesel and 95-octane petrol prices by HUF 6 and HUF 8 per liter, respectively, from November 26th 2008.
Hungarian Retail Sales Volume Down 1.6 pct yr/yr in September
November 26, 2008
Retail sales volume in Hungary fell a calendar year-adjusted 1.6 pct yr/y in September 2008, the Hungarian Central Statistical Office (KSH) reported on November 24th.
