News tagged "european union"

Hungary to Freeze Budget Items to Escape EU Shackles

on May 10, 2013 via YahooNews

Hungary is freezing some budget expenditures and is ready to take further steps, including raising Europe?s highest bank levy, to exit the European Union?s budget monitoring and remove the threat of funding cuts.

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Hungary says EU budget forecasts "wrong", to cut deficit

on May 03, 2013 via YahooNews

BUDAPEST/BRUSSELS (Reuters) - Hungary said on Friday it was on track to bring its budget deficit within European Union rules and win release from the bloc's penalty system, challenging suggestions that ...

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Hungary?s Yields Fall to Record on Stimulus Bets: Budapest Mover

on May 03, 2013 via YahooNews

Hungary?s bond yields fell to a record and the forint strengthened as the European Union cut its forecast for the euro area, spurring speculation policy makers will need to bolster measures to revive economies.

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EU likely to take legal action against Hungary

on Apr 24, 2013 via YahooNews

The European Union says it probably will take legal action soon against Hungary over concerns about constitutional changes that have raised accusations democracy is under threat in the member state. The ...

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EU likely to take legal action against Hungary

on Apr 24, 2013 via YahooNews

BRUSSELS (AP) ? The European Union says it probably will take legal action soon against Hungary over concerns about constitutional changes that have raised accusations democracy is under threat in the member state.

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Change would tax Hungarian twice for EU violations

on Apr 18, 2013 via YahooNews

BRUSSELS, April 18 (UPI) -- Hungary will penalize its citizens twice to pay for any fines incurred when the government breaks European Union laws, says an EU official.

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EU blasts Hungary over non-compliance with EU law

on Apr 17, 2013 via YahooNews

BRUSSELS (AP) ? Hungary has failed to reinstate judges and prosecutors it forced into early retirement in breach of EU law, the European Union's justice chief said Wednesday, as she faced increasing pressure to punish Budapest for constitutional changes many condemn as undemocratic. ? ? ? ?

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EU blasts Hungary over non-compliance with EU law

on Apr 17, 2013 via YahooNews

Hungary has failed to reinstate judges and prosecutors it forced into early retirement in breach of EU law, the European Union's justice chief said Wednesday, as she faced increasing pressure to punish Budapest for constitutional changes many condemn as undemocratic.

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Hungary Expects Exit From EU Budget Monitoring Without Measures

on Apr 16, 2013 via YahooNews

Hungary?s government expects to exit the European Union?s monitoring process for budget offenders without further fiscal measures as a return to growth and favorable risk perception allow a cut in budget reserves.

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Hungary promises changes after EU threat in amendment row

on Apr 12, 2013 via YahooNews

By Adrian Croft and Sandor Peto BRUSSELS/BUDAPEST (Reuters) - Hungary promised on Friday to make changes after the EU executive threatened action to overturn constitutional amendments it said may be incompatible with European Union law. The EU, the United States and human rights organizations have accused Prime Minister Viktor Orban's government of using constitutional amendments to limit the ...

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Orban doubts fair treatment of Hungary in Brussels

on Apr 09, 2013 via YahooNews

Hungary cannot be certain that the European Union?s decision whether or not to lift an excessive deficit procedure against the country will be based on facts, Hungarian Prime Minister Viktor Orb?n said.

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Hungary PM seen picking his "right hand" to head central bank

on Mar 01, 2013 via YahooNews

BUDAPEST (Reuters) - Prime Minister Viktor Orban is expected to nominate the man he calls his "right hand" to head Hungary's central bank on Friday, a move that could prompt cheap money being pumped into the economy ahead of elections in 2014. Orban, who has often been at loggerheads with the European Union, banks and the International Monetary Fund, is widely seen as appointing Economy Minister ...

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Hungary Fights for Fiscal Room as Forecast Ignites ?Family Feud?

on Feb 22, 2013 via YahooNews

Hungary?s government, mounting a pre-election campaign to exit European Union monitoring for budget offenders, said a central bank report to be released today forecasting a rising debt level was ?unethical.?

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Hungary, Czechs contract in Q4, outlook stays grim

on Feb 15, 2013 via YahooNews

PRAGUE (Reuters) - Falling domestic demand and weak exports pushed the Czech and Hungarian economies further into the red at the end of 2012, deepening a grim picture for countries possibly facing another year of recession. Government tax hikes and other policies in both European Union states have spurred consumers to stop spending and firms to sack workers and halt investment, exacerbating the ...

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Hungary to Decide on EU Carbon-Glut Fix Feb. 20, Official Says

on Feb 13, 2013 via YahooNews

Hungary plans to decide next week whether to back the European Union proposal to curb oversupply of carbon permits and help prices in the world?s biggest emissions market rebound, a government official said.

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Hungarian surf rock band breaks new ground in nation's music scene

on Feb 03, 2013 via YahooNews

Hungary isn?t an obvious place to form a surf-pop band. It isn?t just because the central European country is landlocked. Hungarians also aren?t known as optimists. A European Union survey once found they were Europe?s most pessimistic people. The Hungarian song ?Szomoru Vasarnap? was famously covered by Billie Holiday in the 1940s as ?Gloomy Sunday.? And it was banned from BBC airwaves for ...

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Orban pushes EU to ease up on deficit, stokes central bank worries

on Jan 30, 2013 via YahooNews

Brussels (dpa) - The European Union should ease its pressure on Hungary and acknowledge that Budapest has done its deficit-cutting homework, Prime Minister Viktor Orban said Wednesday, despite lingering doubts about the measures taken to cut the shortfall.Orban also raised eyebrows during a visit to Brussels when he appeared to attenuate the importance of central banks? independence - an issue ...

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In Pictures: Hungary's coal miners toil far below the surface

on Jan 24, 2013 via YahooNews

Hungary has obtained European Union approval for a $190-million (U.S.) grant to shut down its last remaining deep-cast coal mine, an uncompetitive facility in Markushegy, 70 kilometres west of Budapest.

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Hungary bars foreigners from buying farmland

on Dec 23, 2012 via YahooNews

Hungary has amended its constitution to bar foreigners from buying farmland, a move the government called "historic," but one that could cause friction with the European Union.

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Hungary Cuts Rate for Fifth Month After Forint Plunges

on Dec 18, 2012 via YahooNews

Hungary?s central bank, roiled by divisions among policy makers, cut the European Union?s highest benchmark rate for a fifth month as policy makers shrugged off the forint?s plunge to a five-month low.

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Sources : YahooNews

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