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Hungarian National Bank

Will Europe and Hungary Stay Competitive?

‘The challenges generated by the demographic change are increasingly urgent. Ageing populations and declining birth rates are putting enhanced pressure on public financing systems and threatening long-term economic sustainability, therefore, the conference aims to explore the economic and social consequences…

Hungarian Contemporary Art Collection Exhibited in New York’s Fridman Gallery

A new exhibition featuring contemporary works from the Hungarian National Bank’s art collection opened in New York’s Fridman Gallery. Titled Abstract Narratives, the display opened on 19 October and will run until 16 November, showcasing a selection of artwork from…

Hungarian National Bank and WWF Hungary Collaborate for Nature Restoration

The Hungarian central bank, through its Green Programme launched in 2019, has sought solutions that not only serve the goal of achieving climate neutrality but also contribute to mitigating the extreme weather conditions caused by climate change and improving the…

Legislation Strengthening Online Fraud Prevention Comes into Force Next Month

This legislative package, initiated by the Ministry of Justice in collaboration with the Ministry of National Economy, the Hungarian National Bank, and the Hungarian Banking Association was submitted to parliament this spring. It provides legal tools and measures for authorities…

Commemorative Coins Issued for Hungarian Nobel Laureates

In tribute to the two Hungarian Nobel laureates, biochemist Katalin Karikó and physicist Ferenc Krausz, the Hungarian National Bank (MNB) released silver coins with a face value of 7,500 forints and base metal coins with a face value of 3,000…
Gold bars of the Hungarian gold reserve kept at the Hungarian National Bank, photographed in 2021.

The Unfortunately Eventful History of the Hungarian Gold Reserve

During the regime change following the fall of the Iron Curtain, the Hungarian National Bank gradually sold almost all of the country’s gold reserve, which by 1992 fell to around three tonnes, with the proceeds from the sale of gold…

The Most Important Task of the Government is to Control Inflation

Mihály Varga pointed out during the introductory economic policy roundtable discussion that the government has taken measures to reduce inflation risks, which have yielded results. This is confirmed by the analyses of major credit rating agencies, which are ‘filled with…

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