Hungary in the news
Hungary Stocks Jump Most in 18 Months, Forint Surges on EU Planon May 11, 2010 via YahooNews May 10 (Bloomberg) -- Hungarys stocks and currency rallied, sending the benchmark BUX stock index to the biggest gain since October 2008, after European policy makers unveiled a $960 billion plan to end the regions debt crisis.See details
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(AFX UK Focus) 2010-05-10 11:48 Hungary plans family tax system to help parentson May 11, 2010 via YahooNews BUDAPEST, May 10 (Reuters) - Most Hungarian workers with children will pay less tax under a family tax system to be launched next January, incoming economy minister Gyorgy Matolcsy was quoted by national news agency MTI as saying on Monday. The measure is part of the incoming centre-right Fidesz government's efforts to stimulate Hungary's economy, which suffered its worst downturn in nearly two ...See details
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(AFX UK Focus) 2010-05-11 08:59 UPDATE 1-Hungary's inflation eases in April, outlook benignon May 11, 2010 via YahooNews BUDAPEST, May 11 (Reuters) - Hungarian inflation ticked lower in April, data showed on Tuesday, and analysts see it falling substantially in the second half of 2010 as the impact of tax hikes abates, posing no risk to further monetary easing. Headline inflation dropped to 5.7 percent in April from 5.9 percent in March, the Central Statistics Office (KSH) said. The figure came in a touch above ...See details
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(AFX UK Focus) 2010-05-06 12:09 UPDATE 1-Hungary 2010 deficit may reach 7-8 pct/GDP - Matolcsyon May 09, 2010 via YahooNews BUDAPEST, May 6 (Reuters) - Hungary's incoming government said that on current projections the budget deficit this year could be 7-8 percent of GDP, but it will try to cut it to 5-6 percent, economy minister-designate Gyorgy Matolcsy said on Thursday. Hungary targets a deficit of 3.8 percent of GDP this year under a key financing deal with the IMF and the EU, but the incoming centre-right Fidesz ...See details
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(AFX UK Focus) 2010-05-07 16:14 Hungary plans state fund to convert FX loanson May 09, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - Hungary's next government plans to establish a state-backed fund allowing household borrowers to convert foreign currency loans into forints to reduce risks from market volatility, the incoming economy minister said on Friday. During the boom years Hungarians borrowed heavily in foreign currencies, mainly in Swiss francs and to some extent euros, taking advantage of ...See details
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Andor Lilienthal, chess grandmaster, dies at 99on May 09, 2010 via YahooNews BUDAPEST, Hungary (AP) - Andor Lilienthal, the last surviving member of 27 original grandmaster chess players, died Saturday in Budapest at the aged of 99, the Hungarian Chess Federation said.See details
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Andor Lilienthal, last of 'original' chess grandmasters, dies in Hungary at 99on May 08, 2010 via YahooNews BUDAPEST, Hungary - The Hungarian Chess Federation says Andor Lilienthal, one of 27 original grandmasters awarded the title in 1950, has died in Budapest at the age of 99.See details
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(AFX UK Focus) 2010-05-07 16:14 Hungary plans state fund to convert FX loanson May 08, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - Hungary's next government plans to establish a state-backed fund allowing household borrowers to convert foreign currency loans into forints to reduce risks from market volatility, the incoming economy minister said on Friday. During the boom years Hungarians borrowed heavily in foreign currencies, mainly in Swiss francs and to some extent euros, taking advantage of ...See details
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(AFX UK Focus) 2010-05-07 18:12 INDICATORS - Hungary - Updated on May 7on May 08, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - Hungary's latest indicators:See details
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(AFX UK Focus) 2010-05-07 06:59 Hungary must continue fiscal adjustment -cbankeron May 08, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - Hungary must continue fiscal consolidation and should aim to adopt the euro as soon as possible but it should be based on sustainable and sound economic fundamentals, central bank Governor Andras Simor said. "...It would be definitely important to make progress in eliminating the Hungarian economy's competitive disadvantages... and within this it's essential that ...See details
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(AFX UK Focus) 2010-05-07 07:23 UPDATE 1-Hungary must continue fiscal adjustment -c.bank headon May 08, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - Hungary must continue to get its finances in order and should aim to adopt the euro as soon as possible, the central bank chief said, adding that its introduction should be based on sound economic fundamentals. "...It would be definitely important to make progress in eliminating the Hungarian economy's competitive disadvantages... and within this it's essential that ...See details
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(AFX UK Focus) 2010-05-07 08:55 Hungary's fx reserves rise to EUR 34.22 bln in Aprilon May 08, 2010 via YahooNews BUDAPEST, May 7 (Reuters) - The Hungarian central bank's (NBH) international reserves rose to 34.22 billion euros in April from 33.85 billion euros in March, the bank said on its www.mnb.hu website on Friday. The NBH's international reserves have increased by 16.4 billion euros since Oct. 2008, when Hungary secured a $25.1 billion rescue package from the International ...See details
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Developers of new film studio dream of Hungarian Hollywoodon May 07, 2010 via YahooNews Budapest - Raleigh Studios hopes that its new complex on the edge of the Hungarian capital will help turn the small Central European country into Europe's premier movie-making centre, the US firm's president Michael Moore told reporters on Thursday....See details
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(AFX UK Focus) 2010-05-07 00:14 Hungary Richter Q1 net profit falls 46 percenton May 07, 2010 via YahooNews BUDAPEST, May 6 (Reuters) - Hungarian drug maker Richter reported a 46.3 percent fall in quarterly net profit on Thursday, in line with market expectations, due to stronger exchange rates and lower income from profit-sharing deals. Richter's consolidated first-quarter net profit was 11.56 billion forints ($58.79 million), down from 21.53 billion a year earlier, but in line with analyst forecasts ...See details
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Hungarian Industrial Output Rises for Third Month (Update1)on May 06, 2010 via YahooNews May 6 (Bloomberg) -- Hungarys industrial output rose in March from a year earlier, the third consecutive month with an annual gain, as a pickup in exports signals a recovery from the worst recession since 1991.See details
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(AFX UK Focus) 2010-05-06 11:30 Hungary 2010 deficit may reach 7-8 pct/GDP - Matolcsyon May 06, 2010 via YahooNews BUDAPEST, May 6 (Reuters) - Hungary's incoming government says the budget deficit this year could come in at 7-8 percent of GDP, based on its current estimate, but it will seek to get it down to 5-6 percent, economy minister-designate Gyorgy Matolcsy said on Thursday. Hungary targets a deficit of 3.8 percent of GDP this year under a key financing deal with the IMF and the EU but the incoming ...See details
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(AFX UK Focus) 2010-05-06 08:55 New Hungarian govt plans tax cuts from July -paperon May 06, 2010 via YahooNews BUDAPEST, May 6 (Reuters) - Hungary's new government, which will come into office later this month, plans significant tax reductions from July 1, the daily Magyar Nemzet said on Thursday. Citing unnamed sources, the paper said no decision had been made yet on the concrete measures but three options were being considered by the centre-right Fidesz party which won elections by a landslide last ...See details
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(AFX UK Focus) 2010-05-06 12:09 UPDATE 1-Hungary 2010 deficit may reach 7-8 pct/GDP - Matolcsyon May 06, 2010 via YahooNews BUDAPEST, May 6 (Reuters) - Hungary's incoming government said that on current projections the budget deficit this year could be 7-8 percent of GDP, but it will try to cut it to 5-6 percent, economy minister-designate Gyorgy Matolcsy said on Thursday. Hungary targets a deficit of 3.8 percent of GDP this year under a key financing deal with the IMF and the EU, but the incoming centre-right Fidesz ...See details
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(AFX UK Focus) 2010-05-05 17:21 INDICATORS - Hungary - Updated on May 5on May 06, 2010 via YahooNews BUDAPEST, May 5 (Reuters) - Hungary's latest indicators:See details
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(AFX UK Focus) 2010-05-04 18:21 DIARY - Hungary - to May 18on May 05, 2010 via YahooNews BUDAPEST, May 4 (Reuters) - This diary is updated every weekday and new or modified listings are marked '*'. All times in the diary are in GMT, unless otherwise stated. Date CET GMT Indicator Period Fcast Previous 05/05 1700/1500 Budget balance April N/A HUF-259.3bln 06/05 0900/0700 Industry output Prel March N/A 8.4 10/05 0900/0700 Trade balance Prel March N/A EUR373.3mln 11/05 0900/0700 CPI ...See details
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Sources : YahooNews
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