In addition to its primary mandate to achieve and maintain price stability, the Magyar Nemzeti Bank (MNB) is required by law to use the instruments at its disposal to support the Government’s economic policy and, consequently, to improve competitiveness, a prerequisite for successful convergence. In 2015, the Hungarian Government requested the Magyar Nemzeti Bank to use its central bank expertise to support Hungary’s sustainable convergence by raising its competitiveness. Within that framework, the Competitiveness Programme proposes 330 recommendations in 12 areas with a view to fully exploit the country’s growth potential and to ensure sustainable economic convergence to the most advanced economies.


Published by the Magyar Nemzeti Bank
H-1013 Budapest, Krisztina Krt. 55.
Publisher in charge: Eszter Hergár
Editor: Dániel Palotai