April 6, 2012, 11:44 amHungary’s chief negotiator with the International Monetary Fund (IMF) and the European Union, Tamás Fellegi, held informal talks in Washington with Fund officials earlier this week and announced...
April 3, 2012, 4:08 pmThe National Bank of Hungary (NBH) has accepted HUF 56 billion worth of bids in its first tender of two-year collaterised loans. The low take up is no surprise, although interest was even smaller than...
March 27, 2012, 11:10 amHungary would probably be able to sell, for example, USD 1 billion worth of FX bond even before it reaches a credit deal with the IMF/EU, but for that it would need to offer a yield of at least 8% and...
March 13, 2012, 6:00 amThe question Citi’s analysts are now pondering about is not new but it remains crucial: is Hungary following the same strategy with the EU/IMF as Turkey did (with the IMF) in 2009? Noting that two...
February 10, 2012, 3:58 pmThe market seems to have switched off the Hungary story, Nomura’s Peter Attard Montalto commented in a research note. He expects the government to reach an agreement on a Precautionary Stand-By Arrangement...
January 6, 2012, 2:33 pmFitch Ratings has on Friday downgraded Hungary's Long-term foreign and local currency Issuer Default Ratings (IDR) by one notch to 'BB+' and 'BBB-', from 'BBB-' and 'BBB' respectively. The Outlook on the...
December 22, 2011, 10:18 amBarely a month after a Moody's downgrade, Standard & Poor's have followed suit, moving Hungary from the lowest investment grade to junk category. Analysts believe a Fitch downgrade may be in store early...
December 16, 2011, 3:42 pm EU Commissioner Olli Rehn has interrupted talks with Hungarian authorities in close co-ordination with the IMF on Friday. The reason why the delegations have walked away before their scheduled departure...
December 13, 2011, 3:57 pmHungary’s Prime Minister Viktor Orbán said the country’s growth next year will be 0.5% at most instead of the currently projected 1.5%, adding that the budget will be “significantly overhauled"...
December 8, 2011, 2:26 pmThe Monetary Council of Hungary’s central bank (NBH) voted unanimously on 29 November to raise the benchmark policy rate by 50 basis points to 6.50%, the minutes of that meeting showed on Wednesday....
November 23, 2011, 2:55 pmHungary’s government may have to reverse its position on ruling out International Monetary Fund conditions in exchange for financial aid, Bloomberg reported on Wednesday, citing Barclays Plc, Goldman...
November 18, 2011, 11:07 amHungary has announced that it will start discussing a new form of co-operation with the IMF when a Fund delegation visits Budapest for its annual economic review. The Economy Ministry’s announcement...
November 14, 2011, 8:37 amStrandard & Poor’s lowered Hungary's BBB- negative outlook rating to “CreditWatch with negative implications", which means a cut to junk is imminent, expected within the next month, Peter Attard...
October 28, 2011, 5:16 pmThe decision making process concerning the structural measures outlined in Hungary’s Széll Kálmán Plan is going well, a letter written by Economy Minister György Matolcsy shows. He also said he has...
October 26, 2011, 5:08 pmThe Hungarian government is “throwing the proverbial sink at a number of issues again" in order to reach its plan, Nomura analyst Peter Attard Montalto commented on the Economy Minister’s speech...
October 6, 2011, 4:23 pmNomura International has hosted a breakfast meeting for András Simor, Governor of the National Bank of Hungary, in London on Thursday. According to a note released to clients, he talked about the broad...
September 23, 2011, 3:20 pmIn his baseline scenario Peter Attard Montalto, economist at Nomura International in London, does not expect recession either in Hungary or its main export market Germany in 2012, but noted that risks...
