Hungary default insurance costs fall after IMF-EU talks move closer

Hungary's five-year credit default swaps started trade Thursday at 528bp, down a sharp 40bp from the previous close.
FinanceThursday, 19:25 April 26., 2012 Read more

Talks on timetable for IMF-EU negotiations could start in May

The negotiations that will provide the framework for the actual economic negotiations, Tamás Fellegi says.
EconomyThursday, 16:00 April 26., 2012 Read more

EU green light

"Budapest may also have been spooked" by the sell-off in the markets at the beginning of the week, analysts say.
PoliticsThursday, 15:35 April 26., 2012 Read more

Hungary default insurance costs fall on improved outlook for IMF-EU talks

Hungary's five-year credit default swaps (CDS) traded around 559bp on Wednesday, falling from 570.3bp late Tuesday.
FinanceWednesday, 13:10 April 25., 2012 Read more

EU will not take Hungary to court over Central Bank Act

Reuters leaked a document saying that "Hungary has now promised to change its legislation and provided additional commitments and clarifications".
PoliticsWednesday, 10:45 April 25., 2012 Read more

Hungary can change contested law even after IMF talks start

Hungary's government has already amended provisions in the Central Bank Law to which the European Central Bank objected, and parliament can make further changes later if required, Mihály Varga, head of the prime minister's office, said.
PoliticsMonday, 11:40 April 23., 2012 Read more

Hungary, EU VAT cases pose no risk of funding recovery

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.
EconomyFriday, 14:10 April 20., 2012 Read more

Hungary needs safety net rather than loans, says Orbán

"....We will not agree to losing a single forint, we will get every forint we are entitled to," Orbán said.
EconomyFriday, 13:45 April 20., 2012 Read more

Start of IMF talks remains top priority for gov't

The cabinet rejects any preconditions to negotiations that do not have anything to do with economic policy, says Hungary's chief negotiator.
EconomyTuesday, 14:15 April 17., 2012 Read more

"Risk scenario approaches" in IMF/EU loans story, says City

EconomyMonday, 17:05 April 16., 2012 Read more

Gov't ready to start talks with IMF/EU at any time

The Prime Minister's spokesman says "it is in our interest for the talks to begin as soon as possible".
EconomyThursday, 12:40 April 5., 2012 Read more

IMF expected to grant Hungary €10-15 bln credit line

The deal could be signed three weeks after the government resolves its dispute with the European Union.
EconomyMonday, 17:35 April 2., 2012 Read more

MNB suggests modifications to Central Bank Law

The suggestions aim to modify legislation in Hungary's new Central Bank Law regarding the bank's Monetary Council instead of removing some stipulations altogether.
EconomyWednesday, 10:15 March 28., 2012 Read more

Hungary foreign issue may happen before IMF deal if market favorable

Reaching a deal before the end of June was "in everybody's interest," AKK head says.
EconomyFriday, 10:55 March 23., 2012 Read more

No IMF/EU deal before 3Q

Still, the government needs an agreement to ensure sustained medium-term financing.
EconomyThursday, 08:25 March 22., 2012 Read more

IMF agreement “automatic” if Hungary meets EU conditions

The road to Washington leads through Brussels, Fiscal Council chairman said.
EconomyWednesday, 15:50 March 21., 2012 Read more

Fitch sees IMF-EU deal for Hungary in spring

Securing the EU-IMF funding would have sufficient benefits for Hungary, despite the government's recent upredictable rhetoric and policy track record, Fitch said.
EconomyMonday, 09:40 March 19., 2012 Read more

IMF-EU agreement indispensable to restoring confidence

Central bank governor says that the agreement with the IMF would provide a safety net for Hungary.
EconomyThursday, 15:20 February 16., 2012 Read more

EU-compatible hen cages could push up egg prices

The introduction of hen cages conforming to European Union standards at egg farms in Hungary could cause the cost of eggs in the country to rise to as much as HUF 50 compared to their current retail price of HUF 30-42 per egg, the newspapers Nepszabadsag and Napi Gazdasag reported on Tuesday.
LifeTuesday, 11:00 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

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