289 result(s) for budget cut
Hungary's Fidesz To Focus On Growth, Competitiveness
- 14 Apr 2010 4:00 AM
- current affairs
"Hungary’s budget deficit will reach the full-year target by the end of May and that, i.e. the real state of the economy, needs to be understood by the IMF, the European Commission and analysts too, said Viktor Orbán, who looks to be en route to shortly become Hungary’s next Prime Minister.
New OBI Store Opens In Gyöngyös
- 7 Apr 2010 1:00 AM
- shopping
"With the opening of the Gyöngyös store OBI celebrates its 25th unit in Hungary. The Gyöngyös store is intended to become the home improvement and DIY center of the town and the Mátra region. The choice within the 8.300 m2 store, as well as the long term low prices and the highly skilled team all live up to OBI’s market leading position. The Gyöngyös store awaits its visitors with a choice of ...
Hungary's Sziget Faces Tough Year, Ticket Prices To Go Up 20%
- 6 Apr 2010 6:00 AM
- entertainment
"Hungary’s leading festival organiser Sziget will not ease its grip on spending and will continue its crisis management measures implemented last year. It will keep its budget tight on this year’s Sziget Festival and focus on foreign advertisements, head of Sziget Kft. told business daily Világgazdaság.
Video: Hungarian PM Gordon Bajnai Defends His Economic Policies
- 30 Mar 2010 1:00 AM
- video
"The financial crisis hit Hungary hard. Severe cutbacks in social spending and higher taxes were implemented to revive the state budget. Prime Minister Gordon Bajnai managed to avoid insolvency and now has a new goal in sight: to introduce the Euro by 2014. There is a lot to do until then. Hungary's economy shrank by 9 percent last year. In an exclusive interview with 'Made in Germany', Gordon ...
Hungarian PM To CNBC: Support For Greece Good Choice, Hungarian Budget On Track
- 29 Mar 2010 3:00 AM
- current affairs
"The leaders of 16 European Union nations that share the euro have come to terms about a rescue plan for Greece, agreeing that if the troubled country runs out of fundraising options, help will come from both the EU and the International Monetary Fund (IMF). Hungarian Prime Minister Gordon Bajnai urged euro zone leaders before to given Athens "breathing space" and help it access IMF loans.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary's Járai Calls 3.8% Deficit “Unfeasible”
- 18 Mar 2010 3:00 AM
- business
"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.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungary's Fidesz To Focus On Growth, Competitiveness
- 14 Apr 2010 4:00 AM
- current affairs
"Hungary’s budget deficit will reach the full-year target by the end of May and that, i.e. the real state of the economy, needs to be understood by the IMF, the European Commission and analysts too, said Viktor Orbán, who looks to be en route to shortly become Hungary’s next Prime Minister.
New OBI Store Opens In Gyöngyös
- 7 Apr 2010 1:00 AM
- shopping
"With the opening of the Gyöngyös store OBI celebrates its 25th unit in Hungary. The Gyöngyös store is intended to become the home improvement and DIY center of the town and the Mátra region. The choice within the 8.300 m2 store, as well as the long term low prices and the highly skilled team all live up to OBI’s market leading position. The Gyöngyös store awaits its visitors with a choice of ...
Hungary's Sziget Faces Tough Year, Ticket Prices To Go Up 20%
- 6 Apr 2010 6:00 AM
- entertainment
"Hungary’s leading festival organiser Sziget will not ease its grip on spending and will continue its crisis management measures implemented last year. It will keep its budget tight on this year’s Sziget Festival and focus on foreign advertisements, head of Sziget Kft. told business daily Világgazdaság.
Video: Hungarian PM Gordon Bajnai Defends His Economic Policies
- 30 Mar 2010 1:00 AM
- video
"The financial crisis hit Hungary hard. Severe cutbacks in social spending and higher taxes were implemented to revive the state budget. Prime Minister Gordon Bajnai managed to avoid insolvency and now has a new goal in sight: to introduce the Euro by 2014. There is a lot to do until then. Hungary's economy shrank by 9 percent last year. In an exclusive interview with 'Made in Germany', Gordon ...
Hungarian PM To CNBC: Support For Greece Good Choice, Hungarian Budget On Track
- 29 Mar 2010 3:00 AM
- current affairs
"The leaders of 16 European Union nations that share the euro have come to terms about a rescue plan for Greece, agreeing that if the troubled country runs out of fundraising options, help will come from both the EU and the International Monetary Fund (IMF). Hungarian Prime Minister Gordon Bajnai urged euro zone leaders before to given Athens "breathing space" and help it access IMF loans.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary's Járai Calls 3.8% Deficit “Unfeasible”
- 18 Mar 2010 3:00 AM
- business
"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.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...