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CIB Bank has been awarded the "Best Bank for ESG" accolade by Euromoney financial magazine, recognizing its leadership in sustainable banking and bank insurance services in Hungary.
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Hungary posted a 1.1 billion euros trade surplus in June, widening from 1.0 billion in May, the Central Statistical Office (KSH) said in a first reading of data.
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The Democratic Coalition will file a request to the State Debt Management Centre for information concerning the terms of a one billion euro loan the government has recently taken out from China, László Varju, the opposition party’s deputy leader, told an online press conference.
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Hungary’s economy could grow by 1.8-2.2% this year and 3.5% could be achieved “by all means” next year, the finance minister said.
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Hungarian gross domestic product grew by an annual 1.5% in the second quarter, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for calendar-year effects, GDP grew by 1.3%.
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Hungarian central bank (NBH) rate-setters cut the base rate by 25 basis points to 6.75%, while lowering both ends of the interest rate corridor to the same extent, at a regular policy meeting.
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