55 result(s) for reserves in Business
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.
Xpat Opinion: Matolcsy’s First Package In Hungary
- 8 Apr 2013 9:00 AM
- business
Népszabadság reacts with relief to the first programme announced on Thursday by the new National Bank chief, while Magyar Nemzet comments that Mr Matolcsy has done more in one week than his predecessor did in six years.
Hungary Central Bank Vote Delay Will Help IMF Talks, Varga Says
- 8 Jun 2012 9:00 AM
- business
Hungary’s delay of a vote on amendments to a disputed central bank law will help resolve differences blocking talks with the International Monetary Fund, said Mihaly Varga, the country’s chief negotiator.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
Hungarian Gov’t Strains To Meet Budget Target
- 17 Dec 2010 7:00 AM
- business
"The government has cut ministries’ spending by Ft 100 billion for the month of December following reports that the state budget was at 151% of the year-end target at the end of November, Napi Gazdasag reports. The cabinet issued a decree setting a Ft 371 billion spending ceiling for the month of December in order to meet the 3.8% budget deficit target for 2010.
MOL To Lose Big From New Gas Price Rule In Hungary
- 9 Dec 2010 12:00 AM
- business
"MOL is expected to be billions of forints out of pocket as a result of the bill on modifying gas prices that Parliament approved. The proposal would put price-setting authority on gas exploited in Hungary in the hands of National Development Minister Tamas Fellegi.
Credit Rating For Hungary Down In Nov
- 3 Nov 2010 12:35 AM
- business
International rating agencies are expected to downgrade Hungary’s credit rating in November following centre-right government’s new budget plans, experts in Budapest and London told Budapest Report. Their cited reasons being that Hungary will be weakened financially as it does not want to depend on an IMF bail-out to strengthen its reserves.
Hungarian Gov't Injects Reserves Into Malév Airlines
- 11 Oct 2010 1:00 AM
- business
"The government provided Ft 5.3 billion in cash from the general reserves of the budget to raise the registered capital of state airline Malev last month, Nepszabadsag writes, citing a decree from the Official Gazette.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.
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.
Xpat Opinion: Matolcsy’s First Package In Hungary
- 8 Apr 2013 9:00 AM
- business
Népszabadság reacts with relief to the first programme announced on Thursday by the new National Bank chief, while Magyar Nemzet comments that Mr Matolcsy has done more in one week than his predecessor did in six years.
Hungary Central Bank Vote Delay Will Help IMF Talks, Varga Says
- 8 Jun 2012 9:00 AM
- business
Hungary’s delay of a vote on amendments to a disputed central bank law will help resolve differences blocking talks with the International Monetary Fund, said Mihaly Varga, the country’s chief negotiator.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
Hungarian Gov’t Strains To Meet Budget Target
- 17 Dec 2010 7:00 AM
- business
"The government has cut ministries’ spending by Ft 100 billion for the month of December following reports that the state budget was at 151% of the year-end target at the end of November, Napi Gazdasag reports. The cabinet issued a decree setting a Ft 371 billion spending ceiling for the month of December in order to meet the 3.8% budget deficit target for 2010.
MOL To Lose Big From New Gas Price Rule In Hungary
- 9 Dec 2010 12:00 AM
- business
"MOL is expected to be billions of forints out of pocket as a result of the bill on modifying gas prices that Parliament approved. The proposal would put price-setting authority on gas exploited in Hungary in the hands of National Development Minister Tamas Fellegi.
Credit Rating For Hungary Down In Nov
- 3 Nov 2010 12:35 AM
- business
International rating agencies are expected to downgrade Hungary’s credit rating in November following centre-right government’s new budget plans, experts in Budapest and London told Budapest Report. Their cited reasons being that Hungary will be weakened financially as it does not want to depend on an IMF bail-out to strengthen its reserves.
Hungarian Gov't Injects Reserves Into Malév Airlines
- 11 Oct 2010 1:00 AM
- business
"The government provided Ft 5.3 billion in cash from the general reserves of the budget to raise the registered capital of state airline Malev last month, Nepszabadsag writes, citing a decree from the Official Gazette.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.