Hungary seeks three-year, €15 bln precautionary financing from IMF/EU

\"We\'re interested in signing an agreement in the shortest time possible, but, realistically, we can count on early autumn,\" Varga told the paper.
EconomyWednesday, 19:25 May 16., 2012 Read more

Richter board proposes HUF 660-per-share dividend

The dividend fund comes to HUF 12.2 billion.
FinanceFriday, 08:55 April 27., 2012 Read more

EU go-ahead suggests compromise but talks still likely to be lengthy

"As nothing seemed to have happened" regarding the key issues open for debate, the EC's announcement came as a surprise, Commerzbank says.
PoliticsFriday, 08:50 April 27., 2012 Read more

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

EC fines Hungary for failing to write EU waste directive into natl law

Hungary gets a daily penalty of €27,316.
PoliticsFriday, 08:30 April 27., 2012 Read more

Fidesz MP expects IMF-EU agreement by end-Q2

The government continues to view the package as a kind of safety net which it does not want to draw down, Antal Rogán says.
EconomyThursday, 16:30 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

Hungary to negotiate for precautionary financial package from IMF-EU

The Hungarian government, the National Bank of Hungary, the IMF, EC and European Central Bank will participate at the talks.
EconomyWednesday, 22:00 April 25., 2012 Read more

MNB acknowledges gov't steps to ensure central bank independence

The central bank will also participate at the IMF-EU talks on precautionary financial assistance.
FinanceWednesday, 21:50 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 waiting in the wings on IMF deal, says Varga

Hungary has moved no closer to the start of official negotiations since January, head of the prime minister's office says.
EconomyWednesday, 11:40 April 18., 2012 Read more

Hungary gov't stands by flat-rate tax

Revenue upon the 16% flat-rate tax generated HUF 60 billion more than planned, deputy state secretary says.
EconomyThursday, 14:25 April 12., 2012 Read more

Hungary still awaits IMF's reply

The government hopes that the Commission will make a decision quickly.
PoliticsTuesday, 15:55 April 10., 2012 Read more

Rail transport developments worth HUF 40 bln to start next year at Békéscsaba

The project is related to EU-supported railway renovation works.
BusinessTuesday, 10:10 April 10., 2012 Read more

Offical talks with IMF/EU only after consultations of five-side experts group, Fellegi says

"The government is willing and able to satisfy those conditions that the IMF would like to see as preconditions," Fellegi said.
EconomyFriday, 15:05 April 6., 2012 Read more

Machinery company to expand unit with European Union funding

Büttner Kft invests close to HUF 270 million, including EU funding of HUF 96 million.
BusinessThursday, 12:10 April 5., 2012 Read more

Hungary ESA general govt surplus 4.2% of GDP in 2011

Full-year revenue totalled HUF 14,883 billion in 2011, including the private pension assets transfer.
EconomyMonday, 10:40 April 2., 2012 Read more

Preparations for talks on fiscal measures proceeding well

The government will discuss budgets for this year and the coming years as well as measures necessary to achieve the deficit targets in upcoming weeks.
EconomyTuesday, 15:00 March 20., 2012 Read more

Eclipse Print completes HUF 290 mln investment

The company has won a HUF 100 million European Union grant for the investment.
BusinessTuesday, 14:45 March 20., 2012 Read more

European Commission reviews plaza ban

The Commission investigates whether Hungary's ban on construction of big shopping centers is in line with European Union directives.
BusinessMonday, 08:50 March 19., 2012 Read more

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