966 result(s) for gdp
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 ...
Xpat Opinion: Statement By The IMF Mission To Hungary
- 26 Jul 2012 1:00 AM
- current affairs
An International Monetary Fund (IMF) mission visited Budapest during July 17-25 to start discussions on an IMF/EU-supported program following a request by the Hungarian authorities. The IMF mission worked in close cooperation with a mission from the European Commission and observers from the European Central Bank. At the conclusion of the visit, Thanos Arvanitis, IMF mission chief for Hungary, ...
Xpat Opinion: Hungarian-IMF/EU Negotiations: News Blackout? Not Really
- 20 Jul 2012 1:00 AM
- current affairs
On Monday, July 17, Thanos Arvanitis, head of the IMF delegation, and Barbara Kauffman, head of the EU Commission’s delegation, accompanied by Iryna Ivashchenko, the IMF’s Budapest representative, paid a visit to Mihály Varga, the minister without portfolio in charge of the long-awaited negotiations for a stand-by loan for the financially hard-pressed Hungary.
Hungarian Economy Minister: Growth And Job Creation Are Top Budget Priorities
- 3 Jul 2012 9:00 AM
- business
The 2013 budget is based on a turnaround in investments and will provide the necessary funds to bring that about, Economy Minister Gyorgy Matolcsy declared on Wednesday as Parliament began general debate on the draft document.
Hungarian Outlook: Draft Budget Of 2013
- 28 Jun 2012 1:30 AM
- business
The Budget Bill of 2013 submitted to parliament on 15 June by the government sets a deficit target of 2.2 percent which – via one of the most stable fiscal management policies of Europe – will adequately respond to the challenges imposed by the debt crisis" declares the Hungarian Government. The draft budget of 2013 projects real GDP growth of 1.6 percent and inflation of 4.2 percent, and an ...
Hungary: Council Lifts Cohesion Fund Suspension
- 26 Jun 2012 9:10 AM
- current affairs
The Council on 22 June adopted a decision lifting the suspension of cohesion fund commitments for Hungary. It concluded that Hungary has taken measures to correct its excessive government deficit by 2012, in line with the Council's recommendation of 13 March. Hungary's excessive deficit procedure nevertheless remains open.
Hungarian Minister Varga: IMF Talks Could Begin In Summer
- 18 Jun 2012 9:03 AM
- current affairs
Talks with the IMF and the EU could begin in July or August after the government modifies the central bank law and the group of EU finance ministers Ecofin decide on issues related to Hungary, Mihaly Varga, minister without portfolio in charge of negotiations with the IMF and EU said in a television interview.
Hungarian GDP Data In Line With Prior Estimates
- 11 Jun 2012 9:00 AM
- business
The Hungarian Central Statistical Office (KSH) has published earlier today GDP data in line with preliminary figures in its detailed release. In Q1 2012 the Hungarian economy – due primarily to negative external market developments – contracted by 0.7 percent.
EU To Lift Suspension Of EU Funds For Hungary
- 7 Jun 2012 10:55 AM
- current affairs
The European Commission recommended last week that the planned freeze of €495 million in EU cohesion fund payments to Hungary in 2013 be lifted, saying the country has taken the necessary measures to correct the excessive budget deficit. EU finance ministers, who decided in April to suspend the funds, are expected to formally confirm the EC decision on June 22.
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 ...
Xpat Opinion: Statement By The IMF Mission To Hungary
- 26 Jul 2012 1:00 AM
- current affairs
An International Monetary Fund (IMF) mission visited Budapest during July 17-25 to start discussions on an IMF/EU-supported program following a request by the Hungarian authorities. The IMF mission worked in close cooperation with a mission from the European Commission and observers from the European Central Bank. At the conclusion of the visit, Thanos Arvanitis, IMF mission chief for Hungary, ...
Xpat Opinion: Hungarian-IMF/EU Negotiations: News Blackout? Not Really
- 20 Jul 2012 1:00 AM
- current affairs
On Monday, July 17, Thanos Arvanitis, head of the IMF delegation, and Barbara Kauffman, head of the EU Commission’s delegation, accompanied by Iryna Ivashchenko, the IMF’s Budapest representative, paid a visit to Mihály Varga, the minister without portfolio in charge of the long-awaited negotiations for a stand-by loan for the financially hard-pressed Hungary.
Hungarian Economy Minister: Growth And Job Creation Are Top Budget Priorities
- 3 Jul 2012 9:00 AM
- business
The 2013 budget is based on a turnaround in investments and will provide the necessary funds to bring that about, Economy Minister Gyorgy Matolcsy declared on Wednesday as Parliament began general debate on the draft document.
Hungarian Outlook: Draft Budget Of 2013
- 28 Jun 2012 1:30 AM
- business
The Budget Bill of 2013 submitted to parliament on 15 June by the government sets a deficit target of 2.2 percent which – via one of the most stable fiscal management policies of Europe – will adequately respond to the challenges imposed by the debt crisis" declares the Hungarian Government. The draft budget of 2013 projects real GDP growth of 1.6 percent and inflation of 4.2 percent, and an ...
Hungary: Council Lifts Cohesion Fund Suspension
- 26 Jun 2012 9:10 AM
- current affairs
The Council on 22 June adopted a decision lifting the suspension of cohesion fund commitments for Hungary. It concluded that Hungary has taken measures to correct its excessive government deficit by 2012, in line with the Council's recommendation of 13 March. Hungary's excessive deficit procedure nevertheless remains open.
Hungarian Minister Varga: IMF Talks Could Begin In Summer
- 18 Jun 2012 9:03 AM
- current affairs
Talks with the IMF and the EU could begin in July or August after the government modifies the central bank law and the group of EU finance ministers Ecofin decide on issues related to Hungary, Mihaly Varga, minister without portfolio in charge of negotiations with the IMF and EU said in a television interview.
Hungarian GDP Data In Line With Prior Estimates
- 11 Jun 2012 9:00 AM
- business
The Hungarian Central Statistical Office (KSH) has published earlier today GDP data in line with preliminary figures in its detailed release. In Q1 2012 the Hungarian economy – due primarily to negative external market developments – contracted by 0.7 percent.
EU To Lift Suspension Of EU Funds For Hungary
- 7 Jun 2012 10:55 AM
- current affairs
The European Commission recommended last week that the planned freeze of €495 million in EU cohesion fund payments to Hungary in 2013 be lifted, saying the country has taken the necessary measures to correct the excessive budget deficit. EU finance ministers, who decided in April to suspend the funds, are expected to formally confirm the EC decision on June 22.