Tag: debt

According to preliminary financial accounts data, Hungary’s general government net lending was equal to -4.4% of GDP in the four quarters to 2012 Q1. General government net lending (HUF -124 billion)... 

In a speech made at a conference organised by the State Audit Office on Tuesday, the Governor of Hungary’s central bank (NBH), András Simor, said that in the Bank’s technical projection assuming... 

(Adds comment by Erste, CIB on page2) The Hungarian cabinet has unveiled its new fiscal package - Széll Kálmán Plan 2.0, which aims to bring the budget deficit to 2.5% of GDP in 2012 and to 2.2% in 2013.... 

Michael Hasenstab, Senior Vice President for the international bond department of the Franklin Templeton Fixed Income Group, has talked publicly about their Hungarian investments for the first time today.... 

Hungary's new convergence plan is scheduled to be made public at some point between 15th and 30th April, the Economy Ministry told Portfolio.hu. The government is planning to submit the convergence... 

One of the hottest issues for Hungary in the past few weeks and months was whether the country can stay afloat without an IMF-led loan programme. Could it be able to keep funding itself? Would investors... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 74.9 billion worth of bids on a HUF 43 bn lot of government bonds on its Thursday tenders. The issuer allotted HUF 45 bn of the... 

Hungary posted a 4.3% of GDP surplus in its budget in 2011. Adjusting this for private pension funds not taken into consideration in the prognosis and adding the one-offs (VAT recovery, MFB capital hike... 

Hungary’s government decided on Wednesday to provide a theoretical guarantee on the debt of the Budapest Transport Company (BKV) expiring in 2012 provided the municipality assumes a absolute guarantee... 

The probability of Hungary’s debt-to-GDP ratio going beyond 90% in the next five years - a level beyond which debt is likely to hurt growth - is at least 25% in the most favourable scenario, the... 

Hungary’s government has taken over a HUF 5 billion debt from the troubled Budapest Transport Company, a government decree published in the official gazette (Magyar Közlöny) showed on Monday. ... 

The Budapest Transport Company (BKV) will need to pay its 5 billion forint debt to UniCredit by Monday at the latest, because it was extended with state guarantee. This means that upon expiry the bank... 

Hungary will be the main subject on the agenda of European Union finance ministers on Tuesday, as the Excessive Deficit Procedure against the country has taken centre stage. Two weeks ago the ministers... 

An analysis by the European Commission services has been published of the budgetary situation in Hungary following the adoption of the Council Decision of 24 January 2012 under the Excessive Procedure... 

Buoyed by the outcome of the morning bond auctions, Hungary’s Government Debt Management Agency (ÁKK) has offered a HUF 16.7 billion lot of debt at non-competitive tenders in the afternoon, HUF 14.3... 

The Budapest Transport Company (BKV) will receive state guarantee for its debt. "In spite of what many expected BKV is probably saved," Budapest Mayor István Tarlós told a press conference on Thursday.... 

A recent visit to Budapest by Bank of America Merrill Lynch economists heightened their concerns about the medium-term outlook. Although the negotiations between the government and the EU are ongoing and... 

And extra levy would be slapped on Budapest-based communication and public utility companies and the proceeds would be used to cover the losses of the Budapest Transport Company (BKV), local news portal... 

A proposal aimed at resolving the pressing debt issues of the Budapest Transport Company (BKV) would impose a levy on companies that have pipelines of public utilities under their real estate. The concept... 

The insolvency of the Budapest Transport Company (BKV) could lead to Hungary’s sovereign default, said Lajos Dorner, President of the Urban and Suburban Transit Association (VEKE) on Tuesday. He...