Hungary in the news - via YahooNews

Hungary rescue eases jitters (Toronto Star)

on Oct 30, 2008 via YahooNews

BUDAPEST?A $25.1 billion (U.S.) bailout of Hungary by the IMF and European Union settled nerves in the bloc's ex-communist countries yesterday, though the regional fallout of the financial crisis looked to have some way to run.

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(AFX UK Focus) 2008-10-30 06:57 GLANCE Hungary, Factors to watch, Oct 30 (Interactive Investor)

on Oct 30, 2008 via YahooNews

BUDAPEST, Oct 30 (Reuters) - Following is a list of events in Hungary and the region, as well as news stories and press reports which may influence financial markets. The Hungarian press digest is at the end of this item. (For any queries: Budapest editorial +361 327 4745)

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(AFX UK Focus) 2008-10-30 05:50 Hungary may tap IMF loan for refinancing-PM (Interactive Investor)

on Oct 30, 2008 via YahooNews

BUDAPEST, Oct 29 (Reuters) - Hungary will tap its $25.1 billion IMF-led standby loan only when market conditions for rolling over its debt are significantly worse, Prime Minister Ferenc Gyurcsany said on Wednesday. Gyurcsany said the loan, the biggest for an emerging market economy since the global crisis began, will serve as a buffer for Hungary to refinance its debt over the next 17 months ...

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(AFX UK Focus) 2008-10-28 06:21 GLANCE Hungary, Factors to watch, Oct 28 (Interactive Investor)

on Oct 30, 2008 via YahooNews

BUDAPEST, Oct 28 (Reuters) - Following is a list of events in Hungary and the region, as well as news stories and press reports which may influence financial markets. The Hungarian press digest is at the end of this item. (For any queries: Budapest editorial +361 327 4745)

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"In order to get anything done, you have to scream" - My Budapest (The Budapest Sun)

on Oct 29, 2008 via YahooNews

Honorary Hungarian Jamie Winchester talks about the Hungarian music scene, his luck with the audience and the cheerful chaos of Budapest

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Hungarian markets cheer bailout but PM warns of tough times ahead (AFP via Yahoo! Canada News)

on Oct 29, 2008 via YahooNews

BUDAPEST (AFP) - The Hungarian forint and stock market rallied strongly Wednesday after the IMF, the EU and the World Bank threw the economy a 20 billion euros lifeline but Prime Minister Ferenc Gyrucsany warned of tough times ahead.

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Daimler AG, Hungary ink deal to stop speculations (The Budapest Sun)

on Oct 29, 2008 via YahooNews

Germany-based premium car manufacturer Daimler AG. signed an agreement with Hungary's government on Monday (Oct 27), to invest approximately EUR800 million ($1bn) in a new plant near Hungarian Kecskem

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Central Europe Stocks Rally as Hungary Gets Bailout; Banks Soar (Bloomberg)

on Oct 29, 2008 via YahooNews

Oct. 29 (Bloomberg) -- Central European stocks rallied the most in a month, with benchmark indexes in Budapest and Prague climbing as much as 11 percent, after Hungary secured a 20 billion-euro ($25.5 billion) aid package to shore up its economy.

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Hungary secures $25 billion in loans (UPI)

on Oct 29, 2008 via YahooNews

BUDAPEST, Hungary, Oct. 29 (UPI) -- Hungary is close to securing loans totaling $25.1 billion intended to put its strained financial system back on its feet, the International Monetary Fund said.

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Giant bailout package boosts Hungarian markets (AFP via Yahoo! Canada News)

on Oct 29, 2008 via YahooNews

BUDAPEST (AFP) - A massive international rescue package worth 25 billion dollars from the IMF, the European Union and World Bank has boosted Hungarian stocks and its currency, but the economy faces problems on many fronts as the global crisis rumbles on.

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Giant bailout package boosts Hungarian markets (TODAYonline)

on Oct 29, 2008 via YahooNews

The Hungarian parliament building in the country's capital, Budapest. A $25.1bln rescue package for Hungary from the International Monetary Fund, European Union and World Bank has boosted stocks and the forint, but the economy faces problems on many fronts as the global crisis knocks.

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IMF deal for Hungary eases central Europe nerves (Financial Times)

on Oct 29, 2008 via YahooNews

BUDAPEST, Oct 29 - A larger-than-expected bai-lout of Hungary by the IMF and European Union settled nerves in the bloc?s ex-communist countries on Wednesday, though the regional fallout of the financial crisis looked to have some way to run.

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Hungary gets $25B billion bailout (CNN)

on Oct 29, 2008 via YahooNews

BUDAPEST, Hungary (AP) -- Hungary's currency and stock market were rising Wednesday after the International Monetary Fund said the country would get an aid package of up to $25.1 billion (20 billion euros) to rescue its economy hit hard by the global financial crisis.

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EBRD: IMF Deal Is A Strong Basis For Confidence In Hungary (Nasdaq)

on Oct 29, 2008 via YahooNews

BUDAPEST -(Dow Jones)- The European Bank for Reconstruction and Development welcomed Monday international efforts to support the Hungarian economy noting that the program which has been agreed with the International Monetary Fund provides a strong basis for confidence in Hungary's financial framework.

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Central Europe Stocks Rally as Hungary Gets Bailout; Banks Soar (Bloomberg)

on Oct 29, 2008 via YahooNews

Oct. 29 (Bloomberg) -- Central European stocks rallied the most in a month, with benchmark indexes in Budapest and Prague climbing as much as 11 percent, after Hungary secured a 20 billion-euro ($25.5 billion) aid package to shore up its economy.

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Hungary in deal with IMF, forint steadies (Washington Post)

on Oct 29, 2008 via YahooNews

BUDAPEST (Reuters) - Hungary has reached agreement with the International Monetary Fund and the European Union on a broad economic rescue package, including substantial financing, steadying its battered currency on Monday.

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IMF, EU in $25bln rescue package for Hungary (TODAYonline)

on Oct 29, 2008 via YahooNews

The Hungarian parliament building in the country's capital, Budapest. The International Monetary Fund, the European Union and World Bank have come to the rescue of Hungary, throwing the embattled country a 20-billion-euro ($25bln) lifeline as it fights the financial crisis.

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EBRD: IMF Deal Is A Strong Basis For Confidence In Hungary (Nasdaq)

on Oct 29, 2008 via YahooNews

BUDAPEST -(Dow Jones)- The European Bank for Reconstruction and Development welcomed Monday international efforts to support the Hungarian economy noting that the program which has been agreed with the International Monetary Fund provides a strong basis for confidence in Hungary's financial framework.

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EBRD: IMF Deal Is A Strong Basis For Confidence In Hungary (Nasdaq)

on Oct 29, 2008 via YahooNews

BUDAPEST -(Dow Jones)- The European Bank for Reconstruction and Development welcomed Monday international efforts to support the Hungarian economy noting that the program which has been agreed with the International Monetary Fund provides a strong basis for confidence in Hungary's financial framework.

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Hungarian press review 29/10/2008 - Government & Economy (Interfax)

on Oct 29, 2008 via YahooNews

BUDAPEST. OCTOBER 29. INTERFAX CENTRAL EUROPE - ECONOMY: Investment Agency Sees Major Recovery Options from Crisis - ITDH, the Hungarian budget organization for promoting the country to foreign investors, said it has intensified global efforts to seek out companies that have the means to easily survive the ongoing global financial crisis and are interested in expansion.

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Sources : YahooNews HVG

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