295 result(s) for budget cut
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Matolcsy Announces New Austerity Package In Hungary
- 8 Oct 2012 9:00 AM
- current affairs
Economy Minister György Matolcsy on Friday announced Ft 133 billion of austerity cuts this year and a further Ft 397 billion next year, while raising the budget deficit targets for both 2012 and 2013. The 2012 deficit target has been raised from 2.5% of GDP to 2.7%, and the 2013 target from 2.2% also to 2.7%, Matolcsy revealed, citing the unfavourable global economic outlook and worse domestic ...
Hungarian Government Would Seal An Agreement With The IMF
- 1 Oct 2012 9:04 AM
- current affairs
Hungary can reach an agreement with international lenders based on letters sent by the government to the International Monetary Fund and the European Commission, said Prime Minister Viktor Orbán in his Friday interview on the regular morning show called 180 Minutes (MR1 Kossuth, Hungarian public radio).
13. Falk Art Forum, Antique &Modern Art Festival, Budapest, 22 September
- 20 Sep 2012 9:00 AM
- shopping
On Saturday afternoon, 22 September, Falk Miksa street, the heart of the Antique Quarter of Pest will turn into a promenade for the thirteenth time. Gallery owners are preparing with a range of special events and many shops will extend their opening hours.
Hungarian Alternative Proposal To Be Sent To IMF/EU Early This Week
- 18 Sep 2012 9:02 AM
- current affairs
"On Tuesday or Wednesday, the Government will send the IMF and the EU an alternative proposal in connection with loan negotiations in line with the economic policies pursued over the past two years", chief negotiator Mihály Varga said on Monday. In order to have the opportunity to make changes to the budget if necessary, the Government has requested the postponement of the vote on the 2013 budget ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Most Hungarians Would Favour IMF Deal
- 2 Aug 2012 1:30 AM
- current affairs
Most Hungarians would welcome a loan agreement between Hungary and the IMF, according to a poll conducted by the Szazadveg Foundation in the second half of July. Such a pact had the support of 58% of respondents, while 22% rejected the idea and 20% could not or would not express a view. Opposition to a deal is highest among Jobbik voters, at 50%, although even 35% of the far-right party’s ...
Xpat Opinion: Viktor Orbán On Higher Education: An Outrage
- 23 Jul 2012 1:00 AM
- current affairs
About a week ago Viktor Orbán announced that he will be taking a two-week holiday because his “batteries were exhausted.” He will spend time with his family in Felcsút and perhaps at Lake Balaton. I’m sure that a lot of people received this announcement with a certain amount of relief because lately the Hungarian prime minister has been delivering speeches that made not the slightest sense. ...
PM: Hungarian Government Building A New Economic Model
- 19 Jul 2012 9:00 AM
- business
The government is building a new economic model, Prime Minister Orbán said at a meeting with leaders of the Hungarian Chamber of Commerce and Industry (MKIK). The meeting is part of a series of consultations with key allies of the ruling party.
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Matolcsy Announces New Austerity Package In Hungary
- 8 Oct 2012 9:00 AM
- current affairs
Economy Minister György Matolcsy on Friday announced Ft 133 billion of austerity cuts this year and a further Ft 397 billion next year, while raising the budget deficit targets for both 2012 and 2013. The 2012 deficit target has been raised from 2.5% of GDP to 2.7%, and the 2013 target from 2.2% also to 2.7%, Matolcsy revealed, citing the unfavourable global economic outlook and worse domestic ...
Hungarian Government Would Seal An Agreement With The IMF
- 1 Oct 2012 9:04 AM
- current affairs
Hungary can reach an agreement with international lenders based on letters sent by the government to the International Monetary Fund and the European Commission, said Prime Minister Viktor Orbán in his Friday interview on the regular morning show called 180 Minutes (MR1 Kossuth, Hungarian public radio).
13. Falk Art Forum, Antique &Modern Art Festival, Budapest, 22 September
- 20 Sep 2012 9:00 AM
- shopping
On Saturday afternoon, 22 September, Falk Miksa street, the heart of the Antique Quarter of Pest will turn into a promenade for the thirteenth time. Gallery owners are preparing with a range of special events and many shops will extend their opening hours.
Hungarian Alternative Proposal To Be Sent To IMF/EU Early This Week
- 18 Sep 2012 9:02 AM
- current affairs
"On Tuesday or Wednesday, the Government will send the IMF and the EU an alternative proposal in connection with loan negotiations in line with the economic policies pursued over the past two years", chief negotiator Mihály Varga said on Monday. In order to have the opportunity to make changes to the budget if necessary, the Government has requested the postponement of the vote on the 2013 budget ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Most Hungarians Would Favour IMF Deal
- 2 Aug 2012 1:30 AM
- current affairs
Most Hungarians would welcome a loan agreement between Hungary and the IMF, according to a poll conducted by the Szazadveg Foundation in the second half of July. Such a pact had the support of 58% of respondents, while 22% rejected the idea and 20% could not or would not express a view. Opposition to a deal is highest among Jobbik voters, at 50%, although even 35% of the far-right party’s ...
Xpat Opinion: Viktor Orbán On Higher Education: An Outrage
- 23 Jul 2012 1:00 AM
- current affairs
About a week ago Viktor Orbán announced that he will be taking a two-week holiday because his “batteries were exhausted.” He will spend time with his family in Felcsút and perhaps at Lake Balaton. I’m sure that a lot of people received this announcement with a certain amount of relief because lately the Hungarian prime minister has been delivering speeches that made not the slightest sense. ...
PM: Hungarian Government Building A New Economic Model
- 19 Jul 2012 9:00 AM
- business
The government is building a new economic model, Prime Minister Orbán said at a meeting with leaders of the Hungarian Chamber of Commerce and Industry (MKIK). The meeting is part of a series of consultations with key allies of the ruling party.