53 result(s) for recession in Business
Hungary’s EU Commissioner: Fiscal Rigour Not Enough To Revive Economy
- 14 Oct 2014 9:00 AM
- business
Fiscal rigour in itself is not sufficient to resolve economic problems arising from the global crisis; employment and social issues also need to be addressed, László Andor, Hungary’s European commissioner for employment, welfare and social inclusion, told a conference in Budapest on Monday.
IMF: Hungary Economy Recovering But Shockprone
- 10 Jun 2014 9:00 AM
- business
Hungary’s economy is recovering but remains “susceptible to shocks”, an International Monetary Fund (IMF) staff report said on Friday. “The economy is recovering gradually, helped by supportive macroeconomic policies, favourable external conditions, and improved market confidence,” the IMF staff said, noting that this had supported Hungary’s financial stability during volatility in emerging ...
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
European Commission Also Acknowledges Hungary’s Economic Performance
- 7 Nov 2013 8:00 AM
- business
The Ministry for National Economy welcomes the autumn forecast of the European Commission which provides a realistic evaluation of a gradually improving Hungarian economy. The forecast by EU experts confirms that Hungary’s fiscal deficit will not exceed 3 percent in the coming years.
Record Low Hungarian Budget Deficit Is Sustainable
- 18 Sep 2013 1:00 AM
- business
The budget deficit (1.9 percent of gross domestic product) has not been at such a low level for 10 years and according to forecasts it will remain below 3 percent next year.
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
Opel Extends Its Manufacturing Facility In Szentgotthárd, Hungary
- 10 Jul 2013 12:00 PM
- business
State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó and Director of Opel Szentgotthárd Tamás Solt announced that Opel will expand its manufacturing facility in Szentgotthárd with an investment of 60 million euro.
Ecofin Lifts Excessive Deficit Procedure Against Hungary
- 24 Jun 2013 1:00 AM
- business
The Economic and Financial Affairs Council of the European Union (Ecofin) has approved the proposal of the European Commission to abrogate the excessive deficit procedure (EDP) against Hungary, Minister for National Economy Mihály Varga announced.
Hungary’s Economic Performance Is Acknowledged: Excessive Deficit Procedure Lifted
- 29 May 2013 2:00 AM
- business
The European Commission has announced its proposal to abrogate the excessive deficit procedure against Hungary. On 30 May 2012, based on the 2012 convergence programme and further specification of savings measures, the Commission concluded that Hungary has taken effective action regarding the correction of the excessive deficit. Despite Commission forecasts well in excess of 3%, the actual ...
Hungary’s EU Commissioner: Fiscal Rigour Not Enough To Revive Economy
- 14 Oct 2014 9:00 AM
- business
Fiscal rigour in itself is not sufficient to resolve economic problems arising from the global crisis; employment and social issues also need to be addressed, László Andor, Hungary’s European commissioner for employment, welfare and social inclusion, told a conference in Budapest on Monday.
IMF: Hungary Economy Recovering But Shockprone
- 10 Jun 2014 9:00 AM
- business
Hungary’s economy is recovering but remains “susceptible to shocks”, an International Monetary Fund (IMF) staff report said on Friday. “The economy is recovering gradually, helped by supportive macroeconomic policies, favourable external conditions, and improved market confidence,” the IMF staff said, noting that this had supported Hungary’s financial stability during volatility in emerging ...
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
European Commission Also Acknowledges Hungary’s Economic Performance
- 7 Nov 2013 8:00 AM
- business
The Ministry for National Economy welcomes the autumn forecast of the European Commission which provides a realistic evaluation of a gradually improving Hungarian economy. The forecast by EU experts confirms that Hungary’s fiscal deficit will not exceed 3 percent in the coming years.
Record Low Hungarian Budget Deficit Is Sustainable
- 18 Sep 2013 1:00 AM
- business
The budget deficit (1.9 percent of gross domestic product) has not been at such a low level for 10 years and according to forecasts it will remain below 3 percent next year.
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
Opel Extends Its Manufacturing Facility In Szentgotthárd, Hungary
- 10 Jul 2013 12:00 PM
- business
State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó and Director of Opel Szentgotthárd Tamás Solt announced that Opel will expand its manufacturing facility in Szentgotthárd with an investment of 60 million euro.
Ecofin Lifts Excessive Deficit Procedure Against Hungary
- 24 Jun 2013 1:00 AM
- business
The Economic and Financial Affairs Council of the European Union (Ecofin) has approved the proposal of the European Commission to abrogate the excessive deficit procedure (EDP) against Hungary, Minister for National Economy Mihály Varga announced.
Hungary’s Economic Performance Is Acknowledged: Excessive Deficit Procedure Lifted
- 29 May 2013 2:00 AM
- business
The European Commission has announced its proposal to abrogate the excessive deficit procedure against Hungary. On 30 May 2012, based on the 2012 convergence programme and further specification of savings measures, the Commission concluded that Hungary has taken effective action regarding the correction of the excessive deficit. Despite Commission forecasts well in excess of 3%, the actual ...