Negotiations with IMF/EU will be faster than preparations, says chief negotiator

Hungary's official negotiations with the International Monetary Fund and the European Union on precautionary financing will be faster than preparations for the talks as the country has met pre-conditions, Hungary's new chief negotiator says.
EconomyFriday, 07:25 May 18., 2012 Read more

Hungary wants fast talks with IMF, says PM

Orbán rejected the suggestion that the IMF only wanted to lend to Hungary to influence its economic policy.

PoliticsFriday, 11:00 April 27., 2012 Read more

IMF ready to start negotiations with Hungary after cen bank independence steps

"...The Fund is ready to start negotiations as soon as adequate steps are taken to ensure central bank independence as has been discussed with the Hungarian government," Ivaschenko says.
EconomyFriday, 09:00 April 27., 2012 Read more

Hungary talks with IMF-EU could start

Talks could start after the Central Bank Act is amended as agreed on with the European Union.
EconomyWednesday, 21:40 April 25., 2012 Read more

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

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.
EconomySaturday, 19:50 April 21., 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

Hungarian envoy continues informal talks with IMF officials

EconomyWednesday, 07:55 April 4., 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

Hungary needs policy that 'restores confidence in economic governance', says IMF

The executive board of the International Monetary Fund said Hungary needs a policy the "restores confidence in economic governance" in an assessment attached to a staff report for Article IV consultation and post-programme monitoring discussions published by the IMF on Wednesday.
EconomyWednesday, 15:20 January 25., 2012 Read more

Steps on central bank independence, judiciary are pre-conditions for formal negotiations, Rehn says

European Commission Vice President Olli Rehn told Hungarian minister without portfolio Tamas Fellegi at talks on Friday that concrete steps by Hungary on the National Bank of Hungary’s independence and the judiciary are pre-conditions for the start of formal negotiations on financial assistance, Mr Rehn’s spokesman Amadeu Altafaj Tardio said.
PoliticsFriday, 16:00 January 20., 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

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

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

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

Fellegi holds talks in Vienna

Hungarian minister without portfolio Tamas Fellegi continued informal talks in Vienna on Thursday in preparation for the start of official negotiations on financial assistance from the International Monetary Fund and the European Union, the minister’s press office said.
PoliticsThursday, 18:05 January 19., 2012 Read more

Hungary govt expects to close talks with IMF-EU in Q1

Hungary’s government hopes to close talks with the International Monetary Fund and the European Union on a financial safety net in the first quarter of this year, state secretary for economic strategy Zoltan Csefalvay said in an interview with a regional German radio broadcaster on Thursday.
EconomyThursday, 18:00 January 19., 2012 Read more

UPDATE - Economy, 'recommended changes' to Central Bank Act subject of ECB meeting

Hungary’s economic situation and "recommended changes" to the country’s new Central Bank Act were discussed at a meeting between minister without portfolio Tamas Fellegi, National Bank of Hungary governor Andras Simor and European Central Bank governor Mario Draghi in Frankfurt on Tuesday, ECB spokeswoman Eszter Miltenyi told MTI.
PoliticsTuesday, 13:40 January 17., 2012 Read more

Economy, 'recommended changes' to Central Bank Act subject of ECB meeting

Hungary’s economic situation and "recommended changes" to the country’s new Central Bank Act were discussed at a meeting between minister without portfolio Tamas Fellegi, National Bank of Hungary governor Andras Simor and European Central Bank governor Mario Draghi in Frankfurt on Tuesday, ECB spokeswoman Eszter Miltenyi told MTI.
PoliticsTuesday, 12:05 January 17., 2012 Read more

Fellegi: Engagement on all issues affects macro policy condition for IMF talks

Hungary’s talks with the International Monetary Fund on financial assistance depend on the government’s commitment to engaging on all policy issues affecting macroeconomic policy, IMF managing director Christine Lagarde said in a statement late Thursday, after talks with Hungarian minister without portfolio Tamas Fellegi.
EconomyFriday, 13:40 January 13., 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

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