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MNB on hold now, eyes IMF/EU deal for future rates guidance, says City

Monday 02:10, April 23rd, 2012

Until a safety net materializes in the form of a stand-by arrangement, City analysts do not see a case for rate cuts.Read more

Simor tells MPs issues with central bank legislation remain

Monday 01:40, April 23rd, 2012

Amendments to the Central Bank Act submitted by the government clear up questions on which agreements have already been reached, but contested matters remain, National Bank of Hungary governor András Simor told Parliament's Economy and IT Committee on Monday.Read more

GKI-Erste confidence index edges down in April

Monday 07:30, April 23rd, 2012

The business condfidence index worsened in April after two months of improvement, while the consumer confidence slightly improved.Read more

There will be no internet tax, ruling party representative says

Monday 07:20, April 23rd, 2012

Fidesz party MP Zsolt Nyitrai is "positively sure there will be no such thing as an internet tax".Read more

Govt mulls tax on telephone, internet usage

Saturday 08:00, April 21st, 2012

The National Economy Ministry is proposing to the government a tax on landline and mobile telephone and internet usage that could raise HUF 40 billion-50 billion, internet portal Origo said on Friday, citing sources at the ministry.Read more

Hungary needs safety net rather than loans, says Orbán

Saturday 07:55, April 21st, 2012

Hungary needs a safety net rather than a loan to ensure protection if the economic situation in Europe worsens, Prime Minister Viktor Orbán says.Read more

Hungary debt insurance costs surge to multi-month high on IMF talks worries

Saturday 07:50, April 21st, 2012

Default insurance costs on Hungary's sovereign debt flirted with the 600bps threshold on Friday, the highest level since late January, driven up by renewed market fears over the prospects of a new IMF/EU financing deal.Read more

Commission work on Hungary infringement procedures

Friday 04:35, April 20th, 2012

The European Commission's analysis of Hungary's official responses to letters concerning infringement procedures is "proceeding swiftly", Commission spokesman Alejandro Ulzurrun de Asanza y Munoz said at a regular press briefing in Brussels on Friday.Read more

Hungary, EU VAT cases pose no risk of funding recovery

Friday 02:10, April 20th, 2012

There is no chance Hungary will have to repay European Union funding in cases involving the country's application of EU support for VAT, the National Economy Ministry said on Friday.Read more

Gov`t mulls tax on telephone, internet usage

Friday 01:55, April 20th, 2012

The proposed tax could raise HUF 40 billion-50 billion, says internet portal Origo.Read more

Hungary needs safety net rather than loans, says Orbán

Friday 01:45, April 20th, 2012

"....We will not agree to losing a single forint, we will get every forint we are entitled to," Orbán said.Read more

MNB expected to keep rates on hold at Tues meeting

Friday 09:40, April 20th, 2012

All Reuters analysts said the MNB would keep the base rate on hold at 7% for the fourth month in a row.Read more

Hungary still waiting for EC's response on central bank management remuneration, oaths

Friday 08:35, April 20th, 2012

The Hungarian government is still waiting for the European Commission's responses to its stands on the questions of the remuneration of the National Bank of Hungary's governors and deputy-governors and the oaths they swear, government spokesman András Giró-Szász said on public television early Thursday.Read more

In spite of higher wage rise, inflationary pressure absent

Friday 08:30, April 20th, 2012

Gross wages rose faster than expected in February, but the increase does not augur inflationary pressure, analysts say.Read more

Business sector employment drops 1.5% yr/yr in February

Friday 08:30, April 20th, 2012

The number of employees in Hungary's business sector, which includes private as well as state-owned companies, fell 1.5% year-on-year in February, dropping for the third month in a row, data published by the Central Statistics Office (KSH) on Thursday show.Read more