Hungary in the news

Hungarys Foot-in-Mouth Disease Threatens Financing

on Jul 20, 2010 via YahooNews

Hungarian Economy Minister Gyorgy Matolcsy says the International Monetary Funds decision to suspend talks with the government doesnt threaten fiscal stability. Investors say hes wrong.

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Hungary fears lessen for Poland

on Jul 20, 2010 via YahooNews

Polish and Hungarian indices rose when markets opened on Tuesday, suggesting that investors have begun to worry less about Hungary's ongoing economic woes. The WIG20 rose 0.28 percent, the WIG by 0.21 percent, and the Budapest BUX by 0.81 percent.

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Premier vows Hungary will meet IMF deficit target, but on own terms

on Jul 20, 2010 via YahooNews

Budapest - Hungarian Prime Minister Viktor Orban promised to stabilise Hungary's deficit for 2010 on Tuesday, in the wake of a market wobble after the collapse of talks with the European Union and International Monetary Fund (IMF).

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EU Postpones Conclusion of Review of Assistance to Hungary

on Jul 18, 2010 via YahooNews

The European Commission said today it was postponing the conclusion of the review of its balance of payments assistance to Hungary and would return for further discussions later. Hungary has returned to a positive economic growth path and now has one of the lowest budget deficits in the EU. I welcome the authorities commitment to the 2010 deficit target, said Olli Rehn, commissioner for ...

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Instant View - IMF ends Hungary visit urges budget steps

on Jul 18, 2010 via YahooNews

The International Monetary Fund's delegation will return to Washington after talks with Hungarian authorities as several issues remain open and Hungary needs to work out steps to meet its budget targets the IMF said on Saturday.

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IMF Says Hungary Must Do More to Boost Revenue, Reform State Enterprises

on Jul 18, 2010 via YahooNews

The International Monetary Fund said the Hungarian government must do more to boost revenue and should restructure loss-making state enterprises. In an e-mailed statement today, the Washington-based lender said the new governments proposed tax on the banking industry will affect growth and lending. The IMF said the governments budget deficit targets are an appropriate anchor, though more ...

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IMF and EU suspend funding to Hungary

on Jul 18, 2010 via YahooNews

Hungary is facing increasing pressure on its ability to fund government programs, after key support was suspended on the weekend. The IMF and EU is insisting Hungary take tougher action to rein in its burgeoning budget deficit.

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IMF, EU suspend talks on emergency loan to Hungary

on Jul 18, 2010 via YahooNews

The IMF and the EU have suspended a review of Hungarys existing credit line, saying Budapest needs to do more to slash its deficit and improve fiscal conditions.

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IMF and EU suspend talks with Hungary

on Jul 18, 2010 via YahooNews

The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.

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IMF ends Hungary visit, urges steps for budget goals

on Jul 18, 2010 via YahooNews

A delegation from the International Monetary Fund will return to Washington after talks with Hungarian authorities as several issues remain open and Hungary needs to work out steps to meet its budget targets, the IMF said on Saturday.

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Hungary, IMF/EU still disagree on some issues - reports

on Jul 18, 2010 via YahooNews

BUDAPEST (Reuters) - Hungary and its international lenders have not yet resolved differences over some important issues in talks which are expected to be finished by early next week, local media reports said.

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Hungary must step up efforts against deficit: EU

on Jul 18, 2010 via YahooNews

Hungary must make more efforts to slash its public deficit under European Union limits by next year, the EU's executive arm said Saturday after a mission on financial aid to Budapest.

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Hooray for Budapest: Is Hungary the New Hollywood of Europe?

on Jul 18, 2010 via YahooNews

With its low-cost labor, familiar street scenes and seductive tax incentives, Budapest is looking to overtake Prague as the location of choice for U.S. filmmakers shooting in Europe

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Hungarian Industrial Output Rises Most Since 2006 on Euro-Region Exports

on Jul 08, 2010 via YahooNews

Hungary recorded the biggest annual increase in industrial output in May since December 2006 as improved export demand and a revival in domestic demand helped the country exit its worst recession since 1991.

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WTA Tour Gaz de France Suez Grand Prix Results

on Jul 08, 2010 via YahooNews

Wednesday At Romai Tennis Academy Budapest, Hungary Purse: $220,000 (Intl.) Surface: Clay-Outdoor Singles Second Round Anastasija Sevastova , Latvia, def. Peng Shuai (5), China, 6-1, 6-1. Polona Hercog (8), Slovenia, def. Catalina Castano , Colombia, 4-6, 6-4, 6-4. Patty Schnyder , Switzerland, def. Alisa Kleybanova (1), Russia, 6-4, 6-3. Anna Chakvetadze , Russia, vs. Alexandra Dulgheru (2 ...

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Hungary's Central Bankers Supported Unchanged Interest Rate in 6-1 Vote

on Jul 08, 2010 via YahooNews

Hungarys central bank policy makers voted six to one to keep the benchmark two-week deposit rate unchanged at 5.25 percent for a second month in June, the rate- setting Monetary Council said.

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Schnyder beats top-seeded Kleybanova in Budapest

on Jul 08, 2010 via YahooNews

BUDAPEST, Hungary (AP) Patty Schnyder of Switzerland beat top-seeded Alisa Kleybanova 6-4. 6-3 in the second round of the Budapest Grand Prix on Wednesday.

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No. 1 seed Kleybanova beaten in Budapest

on Jul 08, 2010 via YahooNews

BUDAPEST, Hungary, July 7 (UPI) -- Patty Schnyder pulled off a straight-set upset of No. 1-seeded Alisa Kleybanova at the $220,000 Budapest Grand Prix tennis tournament in Hungary. Budapest - Hungary - Tennis - Alisa Kleybanova - Patty Schnyder

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Budapest Grand Prix Results

on Jul 08, 2010 via YahooNews

BUDAPEST, Hungary (AP) Results Wednesday from the Budapest GDF Suez Grand Prix, a $220,000 WTA tournament on outdoor clay at Romai Tennis Academy (seedings in parentheses):

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Hungarys banks reeling after government tax

on Jul 07, 2010 via YahooNews

Hungarian banks warned that a bank tax put forward by the country's government would only harm the sector, which has proven to be viable even in the worst periods of the economic crisis. EurActiv Hungary reports.

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Sources : YahooNews