News tagged "economy"
Forint Jumps as Hungary Growth Tops Estimates: Budapest Moveron May 15, 2013 via YahooNews The forint strengthened the most in a week after Hungary?s economy recorded its first quarterly growth in more than a year, beating estimates.See details
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Hungary First-Quarter Growth Exceeds Economist Forecastson May 15, 2013 via YahooNews Hungary?s economy posted quarterly growth in the first three months of the year for the first time since 2011, helped by an increase in construction output.See details
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Hungary Exited Recession in First Quarter, Poll Sayson May 15, 2013 via YahooNews Hungary?s economy probably exited its second recession in four years in the first three months of 2013, posting growth from the previous quarter for the first time since 2011, a survey of economists showed.See details
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Forint Heads for Second Week of Declines on Jobs: Budapest Moveron Apr 26, 2013 via YahooNews The forint headed for a second week of declines on anticipation a higher-than-expected increase in Hungary?s unemployment may lead to the central bank stepping up efforts to stimulate the economy.See details
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Weak economy at the fore as Hungary rates plumb new lowon Apr 23, 2013 via YahooNews By Gergely Szakacs BUDAPEST (Reuters) - Hungary's central bank cut interest rates by a quarter percentage point for the ninth month running on Tuesday, taking advantage of record low inflation to bolster government efforts to drag the indebted economy out of recession. Like previous months, there had been speculation ahead of the decision of a larger half-point cut as new Governor Gyorgy ...See details
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Hungary central banker sees no "revolution" in future policyon Apr 16, 2013 via YahooNews BUDAPEST (Reuters) - Hungary's central bank will maintain a cautious and conservative approach to policy in the coming years as it tries to revive lending and aid the economy, Deputy Governor nominee Ferenc ...See details
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Hungarian Rate Setter Vows Caution After Record Reductionon Apr 15, 2013 via YahooNews The Hungarian central bank will proceed in a ?conservative? fashion after helping the economy weather its second recession in three years by cutting interest rates to a record low, a rate setter said.See details
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Hungary central banker sees no "revolution" in future policyon Apr 15, 2013 via YahooNews BUDAPEST (Reuters) - Hungary's central bank will maintain a cautious and conservative approach to policy in the coming years as it tries to revive lending and aid the economy, Deputy Governor nominee Ferenc Gerhardt told a parliamentary committee hearing on Monday. Gerhardt, a former banker who has helped pass cuts in interest rates since joining the bank's Monetary Council in March 2011, said ...See details
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Hungary central banker sees no "revolution" in future policyon Apr 15, 2013 via YahooNews BUDAPEST (Reuters) - Hungary's central bank will maintain a cautious and conservative approach to policy in the coming years as it tries to revive lending and aid the economy, Deputy Governor nominee Ferenc Gerhardt told a parliamentary committee hearing on Monday. Gerhardt, a former banker who has helped pass cuts in interest rates since joining the bank's Monetary Council in March 2011, said ...See details
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Hungarian central bank moves to boost economyon Apr 14, 2013 via YahooNews BUDAPEST, Hungary (AP) ? In an effort to turn around its shrinking economy, Hungary's central bank said Thursday it would introduce measures to increase lending to businesses and reduce companies' exposure to loans in foreign currencies.See details
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Hungary PM sets out stall for 2014 voteon Feb 22, 2013 via YahooNews BUDAPEST (Reuters) - Hungary's Prime Minister Viktor Orban set out his stall for elections in 2014 on Friday, pledging to get the economy back on track, make Hungary financially independent and help households clear their foreign currency debts. With a successful dollar bond sale earlier this month, the country's first international issue since 2011, Orban has already demonstrated his ability to ...See details
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Orban May Expand Hungary Rate-Setter Body, Citigroup Sayson Feb 19, 2013 via YahooNews Hungarian Prime Minister Viktor Orban will probably expand the central bank?s rate-setting Monetary Council as the board prepares to channel cheap loans into the recession-hit economy after a new Magyar Nemzeti Bank president is selected, Citigroup Inc. said.See details
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IMF experts see growth as concern for Hungary in mid-, long-termon Feb 13, 2013 via YahooNews The IMF projects Hungary's economy will stagnate this year. Hungary's government projects economic growth of 0.9% for 2013. Ivaschenko said Hungary could fall into a vicious circle without growth, affecting its level of state debt as a proportion of GDP too.See details
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UPDATE 1-Hungary govt party denies report on cen bank governoron Feb 06, 2013 via YahooNews * Econ Minister Matolcsy could become cen bank governor-media * Ruling party spokesman says report false * PM Orban expected to announce his candidate in early March (Updates with ruling party denial) BUDAPEST, Feb 6 (Reuters) - Hungary's ruling Fidesz partydenied a media report on Tuesday that said Economy MinisterGyorgy Matolcsy could take over at the central bank afteroutgoing Governor Andras ...See details
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Hungary PMI Shows Expansion as Cabinet Sees 2013 Growthon Feb 01, 2013 via YahooNews Hungarian manufacturing expanded the most in 10 months in January, reinforcing the government?s forecast that the economy will return to growth in 2013 after a recession last year.See details
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Eastday-IMF suggests Hungary to change economic policyon Jan 29, 2013 via YahooNews BUDAPEST, Jan. 28 -- The International Monetary Fund (IMF) on Monday urged Hungary to adopt a "new policy course" on economy to boost the country's economic growth.See details
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Hungary govt party ahead despite widespread pessimismon Jan 22, 2013 via YahooNews BUDAPEST (Reuters) - Three quarters of Hungarians believe their country is on the wrong track, an opinion poll said on Tuesday, highlighting widespread pessimism about how the government is coping with the debt pile and shrinking economy. But it said student rallies in the capital Budapest against planned cuts in state funding to universities last month or a 10 percent cut in electricity and gas ...See details
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Simor Says Hungary Monetary Stimulus Drive Would Damage Economyon Jan 18, 2013 via YahooNews The Hungarian Cabinet pushing through a plan to boost growth through monetary stimulus under a new central bank chief would damage the economy, outgoing Magyar Nemzeti Bank President Andras Simor said.See details
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Insight: Orban to use Hungary central bank in battle for growthon Jan 10, 2013 via YahooNews BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban has an ace up his sleeve as he tries to revive a recession-bound economy and secure his political future: soon he can take full control of a central bank which has long resisted his will. By March Orban will pick a new National Bank governor who is likely to flood the economy with cheap credit using unconventional tools - the kind of ...See details
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Hungary debt insurance cost drops to 18-month low as US fiscal pact boosts sentimenton Jan 04, 2013 via YahooNews Default insurance costs on Hungary's sovereign debt dropped to a 18-month low on Thursday, reflecting a favourable market fall-out from the last-minute deal in the US Congress to avoid the "fiscal cliff", a series of dramatic tax hikes and spending cuts pre-set by Congress in August, 2011, which analysts had feared would have driven the US economy back into recession.See details
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Sources : YahooNews
