Economy

The European Bank for Reconstruction and Development (EBRD) has revised its projection for Hungary’s economic growth to -1.0% for 2012 from -1.5% forecasted in January. In the first month of...

The Hungarian government is still gambling, it is holding up the start of formal talks on a credit facility with the IMF/EU on a single minor issue, hoping that it can avoid a deal or at least loosen...

Economists at the Royal Bank of Scotland have just concluded a “superb trip" to Budapest and on this occasion Timothy Ash, Global Head of Emerging Markets Research & Strategy, has written a...

The optimistic mood that was sparked a month ago when the European Commission gave Hungary the go-ahead to finally start aid talks with the IMF is already gone, an EU diplomat told Reuters on Friday....

Telenor Hungary, a member of the international Telenor Group, will comprise the new telecommunications tax into its tariffs until the government phases out one of the two levies currently burdening...

The Hungarian Banking Association takes note that the government wants to implement a financial transaction tax, but it would not like if Parliament approved the bill it in its current form, Chairman...

Hungary’s Prime Minister, Viktor Orbán, has proposed the national eleced board of his ruling Fidesz party the suspension of state budget subsidies for political parties in 2013 and 2014, local...

(Adds details, charts) Gross wages in the Hungarian economy grew by 2.7% year on year, while net average wages excluding family benefits stagnated in March 2012, the Central Statistics Office (KSH)...

Gross wages in the Hungarian economy grew by 2.7% year on year, while net average wages excluding family benefits stagnated in March 2012, the Central Statistics Office (KSH) has reported on Friday....

Bank of America Merrill Lynch has released a basically upbeat note after a trip to Budapest, which convinced them further that the cabinet is committed to continue the fiscal consolidation plans,...

Hungary’s ruling Fidesz party enjoys a 37% approval rating among voters with party preference, while 28% of them would vote for the opposition Socialist Party (MSZP), pollster Ipsos announced...

Hungary’s Economy Ministry has on Thursday published the macroeconomic conditions necessary to conceive the 2013 budget bill. The ministry projects 0.1% GDP growth for this year and 1.6% for...

The International Monetary Fund (IMF) is ready to start talks with Hungary on a financial assistance programme as soon as outstanding issues over the central bank (NHB) are resolved, the Fund’s...

Hungary expects to start talks about a new financing deal with the European Union and the International Monetary Fund (IMF) in June, and a deal could be realistically reached in the autumn,...

Mihály Varga, Hungary’s incoming aid negotiator, expects formal negotiations with the International Monetary Fund (IMF) and the European Union on a financial assistance programme to start as...

According to preliminary financial accounts data, Hungary’s general government net lending was equal to -4.4% of GDP in the four quarters to 2012 Q1. General government net lending (HUF -124...

According to preliminary financial accounts data, Hungary’s general government net lending was equal to -4.4% of GDP in the four quarters to 2012 Q1. General government net lending (HUF -124...

The Nabucco Consortium has on submitted a proposal to the Shah Deniz II Consortium for the construction of a “Nabucco West" pipeline, which would bring Caspian gas from the Bulgarian-Turkish...

The biggest problem of the International Monetary Fund (IMF) with regard to Hungary’s Central Bank Act is not among the well-known concerns, local business daily Napi Gazdaság reported on...

Hungary's government has more than enough financing to cope should the situation in Greece deteriorate further, an official at the economy ministry said on Wednesday. "We have no direct linkages...