Move towards EU talks

Concerns include Hungary’s exposure to the eurozone economy and eurozone banks, its high public and private indebtedness, policy unpredictability, and the scope for fiscal slippage.
EconomyFriday, 08:35 April 27., 2012 Read more

UPDATE - Orban says EU objections to legislation 'not difficult to resolve'

Hungarian Prime Minister Viktor Orban said in a radio interview early Friday that dealing with legislation the European Commission has objected to was "not an especially difficult matter", adding that the government had already taken a position on the matter and would "make proposals" that would not require an extraordinary session of Parliament.
PoliticsFriday, 15:55 January 20., 2012 Read more

Orban says EU objections to legislation 'not difficult to resolve'

Hungarian Prime Minister Viktor Orban said in a radio interview early Friday that dealing with legislation the European Commission has objected to was "not an especially difficult matter", adding that the government had already taken a position on the matter and would "make proposals" that would not require an extraordinary session of Parliament.
PoliticsFriday, 11:40 January 20., 2012 Read more

Govt to decide on way of helping public employees to repay FX mortgages this week

The government plans to decide early this week on planned support to help public sector workers to repay their FX mortgages, Government Spokesman Andras Giro-Szasz told the press on Tuesday.
EconomyWednesday, 11:20 January 18., 2012 Read more

Talks with IMF to start within days, $4-5bn would be sufficient, PM says

Talks with the International Monetary Fund will start about a discretionary credit line within the next few days, Prime Minister Viktor Orban told the French economic daily Les Echos in an online interview published on Thursday.
EconomyFriday, 09:30 December 9., 2011 Read more

UPDATE - Banks told to foot notary bill in mortgage aid program

Hungary government will require banks to pay a notary fee for Hungarians who opt to participate in a state assistance program for borrowers with foreign currency-denominated loans 
BusinessFriday, 15:20 August 19., 2011 Read more

Banks told to foot notary bill in mortgage aid program - newspaper

The government will pass the cost on to banks of a notary fee for Hungarians who opt to participate in a state assistance program for borrowers with foreign currency-denominated loans, daily Magyar Nemzet reported 
BusinessFriday, 10:45 August 19., 2011 Read more

Govt puts mortgage aid program cost at HUF 40-45 bln

A state-sponsored assistance program for borrowers with foreign currency-denominated mortgages will cost Hungary about HUF 40-45 billion in 2011-2014
EconomyFriday, 15:20 August 12., 2011 Read more

UPDATE - Troubled mortgage holders to pay Sept installment at fixed rate

Hungarian borrowers with foreign currency-denominated loans who opt to join a state assistance program can already make their September repayments at a fixed exchange rate
FinanceFriday, 14:45 August 12., 2011 Read more

Troubled mortgage holders to pay Sept installments at fixed rate

Hungarian borrowers with foreign currency-denominated loans who opt to join a state assistance program can already make their September repayments at a fixed exchange rate
FinanceFriday, 13:30 August 12., 2011 Read more

Aid program borrowers to pay fixed notary fee

The government wants Hungarians who apply for an assistance program for borrowers with foreign currency-denominated loans to pay a single, fixed notary fee
LifeFriday, 09:45 August 12., 2011 Read more

Police raid Electro World headquarters

The headquarters of consumer electronics retailer Electro World were raided by tax officials on Monday on suspicion of tax fraud
BusinessTuesday, 07:15 July 12., 2011 Read more

Hungarian farmers to get E.coli aid in August

Hungary's Rural Development Ministry will make available EU funds to Hungarian farmers to compensate for their losses caused by the E.coli outbreak in Germany
EconomyWednesday, 10:45 June 15., 2011 Read more

Hog farmers demonstrate in front of Parliament

The farmers are demanding action from policymakers to assist them in their present economic troubles.
LifeWednesday, 15:15 March 30., 2011 Read more

Global corporate assistance to Japan reaches $137 million

Goldman Sachs, Morgan Stanley, Coca-Cola and Microsoft are among the bigger contributors to fund relief efforts. Citibank to open Hungarian avenues to donation soon.
BusinessThursday, 16:40 March 17., 2011 Read more

IMF approves $102 million to Haiti

The executive board of the International Monetary Fund (IMF) approved an SDR 65.5 million (equivalent to about $102 million) augmentation to the facility, that will help Haiti cope with the aftermath of the massive and disastrous earthquake that struck the country on January 12, 2010.
EconomyThursday, 11:00 January 28., 2010 Read more

EU exec unveils rules to speed up state aid plans

  European Union antitrust regulators unveiled simplified rules on Wednesday aimed at speeding up the approval process for state aid schemes after several EU countries branded Brussels guilty of foot-dragging.
PoliticsWednesday, 16:00 April 29., 2009 Read more

HUF 4.3 bln made available for Hungarian institutions co-op with EIT

  The National Research and Technology Office will provide HUF 4.3 billion in support for Hungarian institutions cooperating with the European Institute of Innovation and Technology, the Office of the R+D Minister said on Thursday.
BusinessFriday, 10:55 April 10., 2009 Read more

EU agrees new IMF loans and eastern aid top-up

  European Union leaders agreed on Friday to provide €75 billion in new loans to the International Monetary Fund as part of a G20 effort to boost the lender’s firepower for fighting global recession.
EconomyFriday, 15:17 March 20., 2009 Read more

Romania eyes aid package up to €20 bln

  A potential aid package for Romania to help patch up finances strained by the global crisis and calm nervous markets could total roughly €20 billion ($26 billion), President Traian Basescu said on Tuesday.
EconomyWednesday, 10:37 March 18., 2009 Read more

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