Tag: eu

The European Commission's excessive deficit procedure against Hungary, which began eight years ago, will progress to the next stage on Wednesday, Bruxinfo reported. According to Brussels, Hungary has failed... 

The European Commission found that financing granted to Hungarian flag carrier Malév between 2007 and 2010 in the context of its privatisation and renationalisation constitutes illegal state aid, as Malév... 

Talks between Hungary and the IMF/EU are scheduled to begin in January, Spokesperson for the European Commission Olivier Bailly said on Thursday, according to an MTI news report. In response to media... 

Hungary is planning to rely on market sources for finance and use sources flexibly, the State Debt Management Agency's (ÁKK) long-term financing plan revealed. The ÁKK plan is to source EUR 4 billion from... 

Hungary's government was aware of the conditions set by the IMF and the EU when it began informal talks on a standby facility last week, news portal Origo.hu reported. These prerequisites included strictly... 

A new proposed amendment to the draft of Hungary's new Central Bank Act will be submitted to Parliament today, Chairman Antal Rogán of Parliament's Economic Committee said on Monday. The amendment takes... 

Hungarian Economy Minister György Matolcsy has on Friday requested at the delegations of the International Monetary Fund (IMF) and the European Commission that a new financial deal be made between Hungary... 

Hungary announced on Thursday that it will start talks with the International Monetary Fund to seek a “new type of co-operation" with the IMF. It stressed that the deal would involve no credit. There... 

(Adds details, charts) The recovery of the EU economy has stopped. Sharply deteriorated confidence is affecting investment and consumption, weakening global growth is holding back exports, and urgent... 

Hungary’s Economy Ministry has confirmed that the government is working on new measures to further assist foreign currency mortgage debtors in repaying their debt early and at below-market rates.... 

Raising the rate of value-added tax to 27% from 25% in Hungary will causes some problems, not only in field of economic growth but in case of EU financed projects too. Decision makers have to choose between...