Speedy agreement with IMF-EU most important OECD recommendation

The agreement on financial assistance would "help restore confidence and support needed fiscal consolidation", a fresh OECD survey reveals.
EconomyTuesday, 13:30 March 13., 2012 Read more

Hungary sees IMF-EU agreement as soon as possible

Matters of dispute with the European Commission, that have to be cleared up to start negotiations with the IMF, are of political nature, Tamás Fellegi said.
EconomyThursday, 12:45 March 8., 2012 Read more

Govt plans no ‘drastic’ tax changes this year, says official

Hungary’s government plans no drastic tax changes this year, and consultations will precede any small modifications, deputy state secretary for tax affairs Adam Balog said in Tuesday’s issue of business daily Vilaggazdasag.
EconomyTuesday, 09:30 January 31., 2012 Read more

Hungary has no pre-conditions for start of IMF-EU credit negotiations, says govt spokesman

There are no pre-conditions for the start of negotiations on a financial assistance package with the International Monetary Fund and the European Union; the Hungarian government stands ready, so the talks could start anytime, government spokesman Andras Giro-Szasz said on public television early Friday.
EconomyFriday, 10:00 January 27., 2012 Read more

Fellegi recaps busy fortnight of talks preparing for financial assistance negotiations

Minister without portfolio Tamas Fellegi recapped a "very busy two weeks" of talks preparing for the official negotiations of a financial assistance package for Hungary at a press conference in Brussels on Friday.
EconomyFriday, 15:55 January 20., 2012 Read more

Ball is in IMF’s court on Hungary financial assistance, official says

It is now up to the International Monetary Fund to decide whether to offer Hungary a Stand-By Arrangement, a precautionary loan or a combination of the two, state secretary in charge of the Prime Minister’s Office Mihaly Varga said in an interview on public television on Friday.
EconomyFriday, 11:45 January 20., 2012 Read more

Hungary must reach agreement on fiscal policy, central bank with EU before IMF begins talks

Representatives of the International Monetary Fund told Hungarian minister without portfolio Tamas Fellegi in Washington that Hungary had to reach an agreement with the European Union on matters of fiscal policy and the central bank before it would start official negotiations on financial assistance for the country, a summary of the talks obtained by internet portal Index.hu shows.
EconomyThursday, 18:05 January 19., 2012 Read more

IMF wants steps before deciding on Hungary credit

Hungary is ready to act under an agreed programme with the IMF, it now expects a standby agreement, and the IMF wants to see steps showing the government’s strong committment before deciding on starting negotiations, statements by Hungarian Minister without portfolio Tamas Fellegi and IMF managing director Christine Lagarde late Thursday show.
EconomyFriday, 10:05 January 13., 2012 Read more

IMF-EU deal no automatic trigger for improved rating outlook, says Fitch

A funding deal between Hungary and the IMF would be positive but would not automatically trigger an improvement in the crisis-racked country’s rating outlook, a senior official from Fitch rating agency told Reuters on Thursday.
EconomyThursday, 14:45 January 12., 2012 Read more

Govt agreement with banks could help at IMF talk - paper

An agreement reached earlier between Hungarian banks and the government could be of help at Hungary’s talks with the International Monetary Fund, Hungarian Banking Association chairman Mihaly Patai said in an interview in the fresh issue of weekly Heti Valasz.
EconomyThursday, 11:30 January 12., 2012 Read more

IMF programme "closer than before", but don’t expect quick deal, says City

A deal with the IMF "now looks closer than it has done for some time" but it would be "complacent" to think that there are no further obstacles ahead and that a deal can be secured quickly, London-based emerging markets analysts said on Tuesday.
EconomyWednesday, 09:50 January 11., 2012 Read more

Hungary has no preconditions for IMF talks, says PM Orban

Concerning Hungary's economic laws, including the new central bank act, Orban said the arguments he had received were all of a political nature, and he saw no reason why parliament should amend any of them. He added, however, that the government was open to receive and consider "any opinion or idea".
EconomyMonday, 06:00 January 9., 2012 Read more

Draft IMF report says Hungary needs bigger reserves, stability package - paper

A precautionary programme from the International Monetary Fund, prepared in the framework of a strict fiscal policy, could help ease existing tensions in Hungary by increasing reserves and introducing a package of stability measures, according to a report prepared for a meeting of the IMF board on January 18 obtained by business weekly Figyelo.
EconomyFriday, 17:20 January 6., 2012 Read more

Govt expects result from IMF talks - Fidesz spokesperson

Hungary’s government expects results from talks with the International Monetary Fund on financial assistance, spokesperson for governing Fidesz Gabriella Selmeczi said on Thursday.
EconomyThursday, 17:40 January 5., 2012 Read more

UPDATE - Govt wants to agree with IMF as quickly as possible, Fellegi says

The government is aware of the gravity of the situation and of what is stake in talks with the International Monetary Fund, minister without portfolio Tamas Fellegi, who is to head Hungary’s delegation at the talks, said on Thursday.
EconomyThursday, 13:20 January 5., 2012 Read more

Govt wants to agree with IMF as quickly as possible, Fellegi says

The government is aware of the gravity of the situation and of what is stake in talks with the International Monetary Fund, minister without portfolio Tamas Fellegi, who is to head Hungary’s delegation at the talks, said on Thursday.
EconomyThursday, 11:55 January 5., 2012 Read more

Fidesz parliamentary leader says all compromises with IMF must serve Hungary’s interests

Janos Lazar, parliamentary leader of the ruling Fidesz party, told MTI in an interview published on Thursday that Hungary must accept certain conditions during upcoming talks regarding a financial-support package with the International Monetary Fund and the European Union, but that such conditions must not be contrary to the country’s interests.
PoliticsThursday, 11:50 January 5., 2012 Read more

IMF Board to review Hungary’s economy on January 18

The International Monetary Fund’s executive board will review the state of Hungary’s economy at a meeting on January 18, an assessment that will likely set the stage for u%oming discussions on a new loan programme for the country, Down Jones said on Thursday.
EconomyThursday, 09:40 January 5., 2012 Read more

European Commission yet to decide on resuming talks with Hungary, EC spokesman says

"The European Commission has not decided yet on resuming formal or informal talks regarding financial assistance with Hungary, Commission spokesman Olivier Bailly said in a clarification issued Thursday afternoon.
PoliticsFriday, 09:20 December 23., 2011 Read more

Fellegi to maintain contacts with international financial organizations

Minister without Portfolio Tamas Fellegi told MTI on Thursday that he will be responsible for maintaining Hungary’s contacts with international financial organizations in the future.
EconomyThursday, 17:00 December 22., 2011 Read more

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