159 result(s) for repayment
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Hungary To Pay IMF Debt On Monday
- 9 Aug 2013 8:00 AM
- current affairs
State debt manager ÁKK will pay back the remainder of Hungary’s IMF loan by Monday, vice president László András Borbély said in a Thursday radio interview. The last instalment of €2.2 billion will be paid in three currencies, as requested by the IMF: euros, US dollars and British pounds.
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Xpat Opinion: IMF Packs Its Trunk In Hungary
- 1 Aug 2013 7:00 AM
- current affairs
A pro-government columnist welcomes PM Orbán’s decision to repay the IMF loan as soon as possible. The main left-wing daily, however, warns of the undesirable consequences of getting rid of the IMF. In his weekend speech in Transylvania Viktor Orbán announced that he had ordered Finance Minister Varga to repay the IMF loan by mid-August.
Hungary To Fully Repay IMF Loan By Mid-August
- 31 Jul 2013 9:02 AM
- business
On 15 July, Minister for National Economy Mihály Varga informed IMF Director Reza Moghadam in a letter that Hungary intends to fully repay the IMF loan provided for the country in 2008 ahead of schedule, by 12 August 2013. This option is only open for countries with sufficient fiscal reserves, a stable budgetary policy and positive investor sentiment indicators.
Budapest To Symbolically Shut Down IMF Office
- 25 Jul 2013 11:30 AM
- current affairs
Hungary plans to pay back its IMF loan early and called on the fund to shut its Budapest office in what could be a symbolic move by Prime Minister Viktor Orbán’s government to display its economic sovereignty. Hungary's ability to avoid the austerity programmes faced by many of its European neighbours will be the government's main selling point when it bids for re-election next year.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Xpat Opinion: IMF Leaves Hungary
- 17 Jul 2013 9:00 AM
- current affairs
A left-wing commentator thinks it is unreasonable to replace a cheap loan with more expensive ones, therefore the government’s decision must be based on political calculations. A business news site suggests that getting rid of the IMF may prove politically profitable for the governing right wing.
Hungary's PM Addressed Annual Ambassadors’ Meeting
- 17 Jul 2013 9:00 AM
- current affairs
Hungary has a vested interest in seeing the success of the Eurozone, as we are linked to the bloc in many ways, Prime Minister Viktor Orbán said, addressing the annual meeting of ambassadors in Budapest on Tuesday.
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Hungary To Pay IMF Debt On Monday
- 9 Aug 2013 8:00 AM
- current affairs
State debt manager ÁKK will pay back the remainder of Hungary’s IMF loan by Monday, vice president László András Borbély said in a Thursday radio interview. The last instalment of €2.2 billion will be paid in three currencies, as requested by the IMF: euros, US dollars and British pounds.
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Xpat Opinion: IMF Packs Its Trunk In Hungary
- 1 Aug 2013 7:00 AM
- current affairs
A pro-government columnist welcomes PM Orbán’s decision to repay the IMF loan as soon as possible. The main left-wing daily, however, warns of the undesirable consequences of getting rid of the IMF. In his weekend speech in Transylvania Viktor Orbán announced that he had ordered Finance Minister Varga to repay the IMF loan by mid-August.
Hungary To Fully Repay IMF Loan By Mid-August
- 31 Jul 2013 9:02 AM
- business
On 15 July, Minister for National Economy Mihály Varga informed IMF Director Reza Moghadam in a letter that Hungary intends to fully repay the IMF loan provided for the country in 2008 ahead of schedule, by 12 August 2013. This option is only open for countries with sufficient fiscal reserves, a stable budgetary policy and positive investor sentiment indicators.
Budapest To Symbolically Shut Down IMF Office
- 25 Jul 2013 11:30 AM
- current affairs
Hungary plans to pay back its IMF loan early and called on the fund to shut its Budapest office in what could be a symbolic move by Prime Minister Viktor Orbán’s government to display its economic sovereignty. Hungary's ability to avoid the austerity programmes faced by many of its European neighbours will be the government's main selling point when it bids for re-election next year.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Xpat Opinion: IMF Leaves Hungary
- 17 Jul 2013 9:00 AM
- current affairs
A left-wing commentator thinks it is unreasonable to replace a cheap loan with more expensive ones, therefore the government’s decision must be based on political calculations. A business news site suggests that getting rid of the IMF may prove politically profitable for the governing right wing.
Hungary's PM Addressed Annual Ambassadors’ Meeting
- 17 Jul 2013 9:00 AM
- current affairs
Hungary has a vested interest in seeing the success of the Eurozone, as we are linked to the bloc in many ways, Prime Minister Viktor Orbán said, addressing the annual meeting of ambassadors in Budapest on Tuesday.