132 result(s) for budget deficit in Business
Pénzügykutató Expects Hungary’s GDP Growth To Fall To 2.4% This Year
- 26 Mar 2015 8:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said in a forecast. The projection is well under the government’s latest forecast for growth of 2.8% - 2.9%. Hungary’s GDP rose by 3.6% last year.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
State Auditor’s “Honest” Report Proves Fidesz Austerity, Say Socialists
- 9 Feb 2015 12:00 AM
- business
The State Audit Office’s (ÁSZ) recently published report covering 2007-2013 proves the Fidesz government and the prime minister implemented austerity while claiming otherwise, a lawmaker of the opposition Socialists said.
EC Forecasts Hungary Growth Slowing, Smaller Deficit
- 5 Feb 2015 2:00 AM
- business
Hungary’s economic growth is forecast to slow down in 2015 and in 2016 while its 2014 budget deficit is likely to be lower than the target, the European Commission said in its winter forecast.
Forint Strengthens As Hungary Welcomes ECB Announcement
- 28 Jan 2015 8:00 AM
- business
Hungary’s forint got a boost from a falling euro against the dollar after the European Cental Bank (ECB) announced an extended asset purchase programme comprising sovereign euro area debt. Forint is now trading at 311,5 to the euro on the interbank forex market, up from 315.31 late Wednesday. Forint hit an all-time low at 327.62 last Thursday. Hungary’s Economy Ministry also welcomed the ...
Rogán: Hungary Would Suffer If It Replaced Forint With Euro
- 20 Jan 2015 8:00 AM
- business
Hungary is likely to have fulfilled the preconditions for adopting the euro by 2020 but it would only be worth contemplating replacing the forint if it appeared that the country would benefit from such a move, Antal Rogán, parliamentary group leader of the ruling Fidesz party, told journalists. In a recent interview to Magyar Hírlap daily, Rogán said that the Hungarian economy would be in a fit ...
Merrill Sees Hungary's Potential Debt Upgrade
- 20 Jan 2015 8:00 AM
- business
Hungary’s current account surplus, low budget deficit and growth figures support an upgrade of the country’s sovereign debt into the investment category, Merrill Lynch analysts wrote in their latest report on the prospects for Eastern Europe to 2020.
Pénzügykutató Expects Hungary’s GDP Growth To Fall To 2.4% This Year
- 26 Mar 2015 8:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said in a forecast. The projection is well under the government’s latest forecast for growth of 2.8% - 2.9%. Hungary’s GDP rose by 3.6% last year.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
State Auditor’s “Honest” Report Proves Fidesz Austerity, Say Socialists
- 9 Feb 2015 12:00 AM
- business
The State Audit Office’s (ÁSZ) recently published report covering 2007-2013 proves the Fidesz government and the prime minister implemented austerity while claiming otherwise, a lawmaker of the opposition Socialists said.
EC Forecasts Hungary Growth Slowing, Smaller Deficit
- 5 Feb 2015 2:00 AM
- business
Hungary’s economic growth is forecast to slow down in 2015 and in 2016 while its 2014 budget deficit is likely to be lower than the target, the European Commission said in its winter forecast.
Forint Strengthens As Hungary Welcomes ECB Announcement
- 28 Jan 2015 8:00 AM
- business
Hungary’s forint got a boost from a falling euro against the dollar after the European Cental Bank (ECB) announced an extended asset purchase programme comprising sovereign euro area debt. Forint is now trading at 311,5 to the euro on the interbank forex market, up from 315.31 late Wednesday. Forint hit an all-time low at 327.62 last Thursday. Hungary’s Economy Ministry also welcomed the ...
Rogán: Hungary Would Suffer If It Replaced Forint With Euro
- 20 Jan 2015 8:00 AM
- business
Hungary is likely to have fulfilled the preconditions for adopting the euro by 2020 but it would only be worth contemplating replacing the forint if it appeared that the country would benefit from such a move, Antal Rogán, parliamentary group leader of the ruling Fidesz party, told journalists. In a recent interview to Magyar Hírlap daily, Rogán said that the Hungarian economy would be in a fit ...
Merrill Sees Hungary's Potential Debt Upgrade
- 20 Jan 2015 8:00 AM
- business
Hungary’s current account surplus, low budget deficit and growth figures support an upgrade of the country’s sovereign debt into the investment category, Merrill Lynch analysts wrote in their latest report on the prospects for Eastern Europe to 2020.