Tag: economy

The Organisation for Economic Co-operation and Development (OECD) has lowered its forecast for Hungary’s 2012 economic growth. In its latest Economic Outlook published on Tuesday it projects 1.5%... 

(Adds more comments by Varga) Mihály Varga, state secretary soon to take over the task of Hungary’s chief aid negotiator from Tamás Fellegi, will strive to achieve such credit deal with the IMF... 

There is a serious split in the committees established to conduct professional consultations about Hungary’s planned financial transaction tax and unified insurance tax, local business daily Napi... 

Hungary’s National Asset Manager (NET) Zrt. will purchase 8,000 properties in 2012 from foreign currency mortgage holders who cannot service their debt, said Roland Nátrán, deputy state secretary... 

K&H Bank, the Hungarian unit of Belium’s KBC Group, posted HUF 368 million after-tax profit in the first quarter of 2012, the bank announced on Monday. Adjusted for one-offs and the bank tax K&H’s... 

Hungary’s Government Debt Management Agency (ÁKK) has accepted the viewpoint of the National Economy Ministry therefore it will not issue a foreign currency bond before the government would secure... 

The Hungarian Opel plant sees a jump in production volumes ahead, as a response to which it expects to hire several hundred new employees over the next three years, local business daily Világgazdaság reported... 

Hungary will not implement any new taxes, said Zoltán Cséfalvay, state secretary at the Economy Ministry. He said Hungary should pay more attention in the future to explaining what and why it is doing... 

The European Bank for Reconstruction and Development (EBRD) has revised its projection for Hungary’s economic growth to -1.0% for 2012 from -1.5% forecasted in January. In the first month of 2012... 

The Hungarian government is still gambling, it is holding up the start of formal talks on a credit facility with the IMF/EU on a single minor issue, hoping that it can avoid a deal or at least loosen conditions... 

Economists at the Royal Bank of Scotland have just concluded a “superb trip" to Budapest and on this occasion Timothy Ash, Global Head of Emerging Markets Research & Strategy, has written a brief... 

The optimistic mood that was sparked a month ago when the European Commission gave Hungary the go-ahead to finally start aid talks with the IMF is already gone, an EU diplomat told Reuters on Friday. The... 

Telenor Hungary, a member of the international Telenor Group, will comprise the new telecommunications tax into its tariffs until the government phases out one of the two levies currently burdening the... 

The Hungarian Banking Association takes note that the government wants to implement a financial transaction tax, but it would not like if Parliament approved the bill it in its current form, Chairman Mihály... 

Hungary’s Prime Minister, Viktor Orbán, has proposed the national eleced board of his ruling Fidesz party the suspension of state budget subsidies for political parties in 2013 and 2014, local news... 

(Adds details, charts) Gross wages in the Hungarian economy grew by 2.7% year on year, while net average wages excluding family benefits stagnated in March 2012, the Central Statistics Office (KSH) has... 

Bank of America Merrill Lynch has released a basically upbeat note after a trip to Budapest, which convinced them further that the cabinet is committed to continue the fiscal consolidation plans, despite... 

Hungary’s ruling Fidesz party enjoys a 37% approval rating among voters with party preference, while 28% of them would vote for the opposition Socialist Party (MSZP), pollster Ipsos announced the... 

Hungary’s Economy Ministry has on Thursday published the macroeconomic conditions necessary to conceive the 2013 budget bill. The ministry projects 0.1% GDP growth for this year and 1.6% for 2013... 

The International Monetary Fund (IMF) is ready to start talks with Hungary on a financial assistance programme as soon as outstanding issues over the central bank (NHB) are resolved, the Fund’s resident...