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Conservative opposition Jobbik will initiate making basic bank transactions free for customers with an average or lower income, MP Dániel Z Kárpát said in Budapest.
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The European Commission raised its projection for Hungary’s GDP growth this year to 3.4% in a quarterly forecast.
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Hungary will adopt the euro “in the coming decades” and needs to learn from the lessons of the past concerning the processes affecting the common currency, National Bank of Hungary (NBH) governor György Matolcsy said in a presentation delivered at the central bank’s annual Lamfalussy Lectures.
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The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90% at a monthly policy meeting.
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The new Ft 500 banknote entered into circulation on February 1. The note has new security elements that make it more resistant to counterfeiting, the Hungarian National Bank (MNB) announced.
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Economic research institute GKI has raised its projection for this year’s GDP growth to 3.4% from 3.2% in a forecast released in December.
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