News tagged "budapest"

Hungarian businessmen mull investments in MENA

on Nov 13, 2012 via YahooNews

Arab and Hungarian officials and businessmen are mulling around $2 billion worth of investments during a forum in Budapest that kicked off Monday.

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Unfazed by IMF doubts, Hungary cuts rates again

on Nov 11, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's central bank cut interest rates again on Tuesday, prioritising growth, and hinted at more easing even though doubts about an aid deal threaten to limit room to relax policy. The bank's Monetary Council cut official borrowing costs for a third successive month, by 25 basis points to 6.25 percent despite inflation concerns and worries over the chances of an ...

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Hungary says IMF/EU help needed, doubts remain

on Nov 10, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's government promised on Tuesday to rewrite a law that the EU has criticised as compromising judicial independence and said it still wants to reach a deal with international lenders. The government has been discussing a financing backstop for nearly a year, seeking to keep investors willing to finance its debt burden while refusing to compromise on public spending or ...

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Hungary PM, lenders at odds about prospects of agreement

on Nov 10, 2012 via YahooNews

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban on Saturday struck an optimistic tone that a financing deal with foreign lenders was within reach, at odds with signals from his negotiating partners that the year-old talks were at a stalemate. Central Europe's most indebted nation signaled a year ago its plan to seek International Monetary Fund and European Union help to stabilize its ...

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Critical IMF says no date for next Hungary aid talks

on Nov 10, 2012 via YahooNews

BUDAPEST (Reuters) - The International Monetary Fund has not fixed a date for its next round of aid talks with Hungary, the IMF's representative in Hungary said on Saturday, saying that Budapest's latest tax measures ran counter to its recommendations. Hungary on Friday scrambled to allay concerns that near year-long talks with the IMF were close to breaking down after a website said the IMF ...

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Hungary: Budapest makes a name as a hotbed for contemporary art

on Nov 09, 2012 via YahooNews

Last year's inaugural Art Market Budapest, like this year's, focuses primarily on Central and East European contemporary art, but it draws an audience of visitors from around the world.

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EU rejects Hungary wine-naming suit against Slovakia

on Nov 09, 2012 via YahooNews

BUDAPEST (AFP) - The European Court of Justice on Thursday rejected a lawsuit brought by Hungary against Slovakia over the disputed naming of wines from the Tokaj region along the two countries' border.

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New political group in Hungary grabs second place in polls

on Nov 08, 2012 via YahooNews

BUDAPEST (Reuters) - A new movement in Hungary has become the country's second most popular political force just days after it was founded, an opinion poll showed on Thursday. The Median poll showed that the Egyutt 2014 association was second only to the government in popularity in October. Former Prime Minister Gordon Bajnai launched Egyutt at a rally on October 23 to try to unite fragmented ...

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New political group in Hungary grabs second place in polls

on Nov 08, 2012 via YahooNews

BUDAPEST (Reuters) - A new movement in Hungary has become the country's second most popular political force just days after it was founded, an opinion poll showed on Thursday. The Median poll showed that the Egyutt 2014 association was second only to the government in popularity in October. Former Prime Minister Gordon Bajnai launched Egyutt at a rally on October 23 to try to unite fragmented ...

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New political group in Hungary grabs second place in polls

on Nov 08, 2012 via YahooNews

BUDAPEST (Reuters) - A new movement in Hungary has become the country's second most popular political force just days after it was founded, an opinion poll showed on Thursday. The Median poll showed that the Egyutt 2014 association was second only to the government in popularity in October. Former Prime Minister Gordon Bajnai launched Egyutt at a rally on October 23 to try to unite fragmented ...

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Kenny may have a friend in Hungarian prime minister

on Nov 07, 2012 via YahooNews

Hungarian prime minister Viktor Orban has robustly defended his controversial rule and sharply criticised the European Union, ahead of talks with Taoiseach Enda Kenny in Budapest tomorrow.

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Hungary says IMF/EU help needed, doubts remain

on Nov 06, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's government promised on Tuesday to rewrite a law that the EU has criticised as compromising judicial independence and said it still wants to reach a deal with international lenders. The government has been discussing a financing backstop for nearly a year, seeking to keep investors willing to finance its debt burden while refusing to compromise on public spending or ...

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Hungary says EU cut in its funds would be a shame

on Nov 03, 2012 via YahooNews

BUDAPEST (Reuters) - The European Union risks undermining the credibility of its drive against national budget overshoots if it strips Hungary of structural funds as punishment for running an excessive deficit, a leader of the ruling Fidesz party said. The EU is due to unveil its assessment of Hungary's latest deficit-cutting measures on November 7, which could be the basis of a cut in funds and ...

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Hungary says EU cut in its funds would be a shame

on Nov 03, 2012 via YahooNews

BUDAPEST (Reuters) - The European Union risks undermining the credibility of its drive against national budget overshoots if it strips Hungary of structural funds as punishment for running an excessive deficit, a leader of the ruling Fidesz party said. The EU is due to unveil its assessment of Hungary's latest deficit-cutting measures on November 7, which could be the basis of a cut in funds and ...

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Hungary says EU cut in its funds would be a shame

on Nov 03, 2012 via YahooNews

BUDAPEST (Reuters) - The European Union risks undermining the credibility of its drive against national budget overshoots if it strips Hungary of structural funds as punishment for running an excessive deficit, a leader of the ruling Fidesz party said. The EU is due to unveil its assessment of Hungary's latest deficit-cutting measures on November 7, which could be the basis of a cut in funds and ...

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Hungary-based U.S. Airmen Write New Chapter in Mulitinational Operations

on Nov 02, 2012 via YahooNews

PAPA AIR BASE, Hungary | At this small, bare-bones, communist-era airfield located in the Hungarian countryside, midpoint between Vienna and Budapest, American Airmen are writing a dynamic new...

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Hungary Retail Debt-Sale Plan Threatens to Drain Bank Deposits

on Oct 31, 2012 via YahooNews

Hungary?s plan to add euro bonds to household debt offerings while aid talks stall risks starving local banks of deposits and may prolong the second recession in four years, policy makers and investors in Budapest said.

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UPDATE 2-Unfazed by IMF doubts, Hungary cuts rates again

on Oct 30, 2012 via YahooNews

* Third 25 bps cut in as many months, main rate falls to6.25 pct * Rates could fall further still if risk, CPI outlook allow * Concerns over weak economy trump CPI, market risks * Economists, markets losing faith in IMF credit deal BUDAPEST, Oct 30 (Reuters) - Hungary's central bank cutinterest rates again on Tuesday, prioritising growth, and hintedat more easing even though doubts about an aid ...

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Unfazed by IMF doubts, Hungary cuts rates again

on Oct 30, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's divided central bank cut interest rates for the third successive month on Tuesday, shrugging off inflation and market scepticism over whether the indebted country will secure an international financing backstop. The decision by the seven-strong panel to cut official borrowing costs by another 25 basis points to 6.25 percent shows newer dovish members appointed by ...

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UPDATE 1-Unfazed by IMF doubts, Hungary cuts rates again

on Oct 30, 2012 via YahooNews

* Third 25 bps cut in as many months, main rate falls to6.25 pct * Concerns over weak economy trump CPI, market risks * Economists, markets losing faith in IMF credit deal BUDAPEST, Oct 30 (Reuters) - Hungary's divided central bankcut interest rates for the third successive month on Tuesday,shrugging off inflation and market scepticism over whether theindebted country will secure an ...

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Sources : YahooNews