Hungary in the news
Hungary will not need further IMF aid: finance minister (Eu Business)on Feb 15, 2010 via YahooNews (BUDAPEST ) - Hungary, which narrowly escaped bankruptcy 16 months ago, will forego the next instalments of aid from the International Monetary Fund and European Union, Finance Minister Peter Oszko said on Monday.See details
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Hungary sees economy improving, budget gap in line (INO News)on Feb 15, 2010 via YahooNews (AP:BUDAPEST, Hungary) Rising exports will help Hungary's economy contract less than expected in 2010, Finance Minister Peter Oszko said Monday. Oszko said the economy is expected to shrink by 0.2 percent this year, somewhat less than the earlier forecast for a 0.3 percent contraction.See details
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Hungary Inflation Won?t Stop Interest Rate Cuts, Analysts Say (Bloomberg)on Feb 13, 2010 via YahooNews Feb. 12 (Bloomberg) -- Hungary?s interest rates will probably fall further as inflation is set to slow again after a higher-than-expected rate in January, said analysts at Erste Bank, Concorde Securities, Raiffeisen and Bayerische Landesbank.See details
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Hungarian, 22, planned to kill 22 at random-police (AlertNet)on Feb 13, 2010 via YahooNews Source: Reuters BUDAPEST, Feb 12 (Reuters) - A 22-year-old Hungarian student who told police he planned to kill 22 people at random because he'd had "22 bad years" has been detained, news agency MTI said on ...See details
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Hungarian, 22, planned to kill 22 at random? (Reuters via Yahoo! Philippines News)on Feb 13, 2010 via YahooNews BUDAPEST (Reuters) - A 22-year-old Hungarian student who told police he planned to kill 22 people at random because he'd had "22 bad years" has been detained, news agency MTI said Friday.See details
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Right-Wing Extremism: Back by Popular Demandon Feb 12, 2010 via HVG While the far-right is indeed ascendant in several Eastern European countries, its threat is decreasing in Western Europe. That?s the conclusion of the Political Capital Institute?s Demand for Right-Wing Extremism (DEREX) Index.See details
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Hungary?s Mortgage Plan Needs Support to Reach Goal (Update3) (Bloomberg)on Feb 12, 2010 via YahooNews Feb. 11 (Bloomberg) -- The Hungarian central bank?s plan to encourage local currency lending and reduce one of the region?s main financial risks needs further supportive measures to reach its goals, economists at Aegon, Nomura and RBC Capital said.See details
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FinMin dismisses report Hungarian, Russian governments involved in bid for MOL shares (Budapest Business Journal)on Feb 12, 2010 via YahooNews Finance Ministry state secretary Tam?s Katona called a report the governments of Hungary and Russia are involved in a bid by Hungarian oil and gas company MOL to buy MOL shares from Russian peer Surgutneftegas ?implausible?.See details
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Zloty, Hungary Stocks to Gain on Euro Plan, BofA Says (Update2) (Bloomberg)on Feb 12, 2010 via YahooNews Feb. 11 (Bloomberg) -- Investors should buy Poland?s zloty and Hungarian stocks as the countries? efforts to cut budget deficits and adopt the euro will likely boost investor demand for assets in the region, Bank of America Merrill Lynch said.See details
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Hungarian Recession Eased Last Quarter on Exports (Update1) (Bloomberg)on Feb 12, 2010 via YahooNews Feb. 12 (Bloomberg) -- Hungary?s economic contraction eased in the fourth quarter of last year as the country worked to exit its worst recession in 18 years on improving export demand.See details
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(AFX UK Focus) 2010-02-11 10:23 UPDATE 1-Hungary economy to shrink in 2010, grow in 2011-OECD (Interactive Investor)on Feb 12, 2010 via YahooNews BUDAPEST, Feb 11 (Reuters) - Hungary's economy will shrink by another 1 percent this year, more than the government's forecast, the OECD said on Thursday, saying fiscal cutbacks should be continued but at a cautious pace. The Organization for Economic Cooperation and Development's Economic Survey showed the pace of economic contraction slowing from about 6.9 percent in 2009, before rebounding to ...See details
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(AFX UK Focus) 2010-02-11 11:03 Hungary cbank says companies still not seeking loans (Interactive Investor)on Feb 12, 2010 via YahooNews BUDAPEST, Feb 11 (Reuters) - The corporate credit portfolio of Hungarian banks deteriorated in the last quarter of 2009 and companies are still not seeking investment-related loans, a quarterly survey of banks by the central bank showed on Thursday. The survey published on the bank's (NBH) www.mnb.hu homepage said a rise in demand for short-term loans stopped, while ...See details
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Hungary Faces ?Slow, Gradual? Lending Growth, Karvalits Says (Bloomberg)on Feb 12, 2010 via YahooNews Feb. 12 (Bloomberg) -- Hungarian domestic lending will rise ?slowly and gradually? as commercial banks still seek to curb their external debt, central bank Vice President Ferenc Karvalits said.See details
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Hungary's economy shrank by 6.2 per cent in 2009 (EARTHtimes.org)on Feb 12, 2010 via YahooNews Budapest - Hungary's economic output fell by a calendar- adjusted 6.2 per cent last year, according to preliminary figures released on Friday. The unadjusted figure was slightly worse, showing gross domestic product was 6.3 per cent cent lower in 200...See details
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(AFX UK Focus) 2010-02-12 10:47 Hungary cbanker says lending recovery will be slow (Interactive Investor)on Feb 12, 2010 via YahooNews BUDAPEST, Feb 12 (Reuters) - A recovery in Hungarian bank lending will be slow and further fiscal consolidation is needed to open room for more monetary easing and economic recovery, central bank Deputy Governor Ferenc Karvalits said on Friday. "Domestic banks are likely to further cut their foreign debt in the near future which means that their lending activity can rise only in tandem with a ...See details
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FM says Russian proposals regarding Mal?v contradict Hungarian and EU law (Budapest Business Journal)on Feb 11, 2010 via YahooNews Russian-government proposals regarding resolution of the capital situation of Hungarian national airline Mal?v infringe both European Union and Hungarian law, Hungary's Finance Ministry told MTI on Wednesday.See details
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FGSz completes HUF 9 billion stretch of Hungary-Romania gas pipeline (Budapest Business Journal)on Feb 11, 2010 via YahooNews The Hungarian part of a gas pipeline between Hungary and Romania has been completed at a cost of about HUF 9 billion, gas distributor FGSz F?ldg?zsz?ll?t?, which owns and operates the pipeline with Romanian peer Transgaz, told MTI.See details
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Hungary seeks to extend ban on foreign purchase of farmland (EARTHtimes.org)on Feb 11, 2010 via YahooNews Budapest - Hungary plans to ask the European Union to extend restrictions on the purchase of farmland by persons from other member states, the government said on Tuesday. Hungary will seek the approval of Brussels to extend by three years a moratoriu...See details
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(AFX UK Focus) 2010-02-10 13:35 IMF sees risk of Hungary deficit overshoot -website (Interactive Investor)on Feb 11, 2010 via YahooNews BUDAPEST, Feb 10 (Reuters) - The International Monetary Fund believes Hungary could overshoot its 2010 deficit target by about 1-1.2 percentage points of GDP unless further budget cuts are implemented, news website mno.hu reported on Wednesday. Representatives of the Fund and the European Union are currently performing a review of Hungary's progress on meeting the terms of its $25.1 billion ...See details
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Hungary?s Mortgage Plan May Fail to Limit Foreign Debt Burden (BusinessWeek)on Feb 11, 2010 via YahooNews The Hungarian central bank?s plan to encourage local currency lending and reduce one of the region?s main financial risks may fail because it lacks incentives for banks, economists at Aegon, Nomura and RBC Capital said.See details
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Sources : YahooNews
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