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 "The government’s 2010 budget deficit target of 3.8% of GDP is not feasible and could grow to 7-8% if no additional measures are taken, Fidesz former finance minister Zsigmond Járai said Tuesday. more » "The spectacular ascent of the Hungarian forint held out all day long on Wednesday, hitting a 15-month peak vs. the euro in the early afternoon CET. The currency was buoyed up by widespread optimism in global markets, with US stock indices close to their highest in 18 months. Elsewhere in the CEE region, the Czech koruna was at its best vs. the euro in 4 months. The forint’s performance vs. the Swiss franc was less spectacular as the Swiss currency itself is stronger than at any time in the past 1.5 years or so compared with the euro. more » "In line with preliminary data, Hungary’s industrial output grew 8.8% m/m in January, the Central Statistics Office reported. This signals a major upturn for the industrial sector after disappointing results in December, with a chance to enter a growth cycle during the year 2010. more » "Ecostat's Top-100-business confidence index declined to 69.5% in February, after a sharp increase to 71.8% in January, the research unit of the Central Statistics Office (KSH) announced yesterday. more »|
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