52 result(s) for euro convergence
Hungarian State Debt Drops To 80.2% Of GDP
- 3 Jan 2014 8:00 AM
- business
Consolidated gross debt fell by Ft 160 billion to 80.2% of GDP in the third quarter, according to figures from the National Bank. Analysts project that the full-year figure will be somewhere near 79.4%, down slightly from 79.8% at the end of 2012.
Xpat Opinion: The Failure Of Széll Kálmán Square Budapest Plan Reflected In The Budget 2014
- 18 Oct 2013 9:00 AM
- getting around
In spring, 2011, to demonstrate to the European Union that the country is capable of obviating the excessive deficit procedure, the Hungarian Government announced the Széll Kálmán-Plan, then a year after the Széll Kálmán-Plan 2.0. By scale these represented restrictions amounting to HUF 1,500 billion. In its analysis, the Policy Agenda checked, to what extent the Budget 2014 reflects the ...
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 Incoming Minister of National Economy Outlined Economic Policy Cornerstones
- 6 Mar 2013 8:01 AM
- current affairs
Mihály Varga has explained his views on Hungarian economic policy targets at hearings in the Parliament’s education and employment committees taking place yesterday and continuing today. The hearings took place prior to the Minister’s official appointment at the helm of the National Economy Ministry in a new post merging with his earlier position as chief negotiator with the IMF. The committees ...
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, ...
EU - IMF - Hungary Talks May Already Begin In July
- 9 Jul 2012 9:04 AM
- current affairs
90% of Hungarian Parliament voted in favour of modifying the Central Bank Act, announced Mihály Varga, the Minister in charge of IMF Talks on Friday. The minister explained that the most important elements of the proposal were retained.
Professor Akbar Gives Commentary On Economic Outlook Of Eurozone At CEU Budapest
- 28 May 2012 2:00 AM
- business
Yusaf Akbar, an associate professor of management and international business at Central European University Business School, describes what many are calling “the Eurozone crisis” as not a crisis at all, but a “process of adjustment.”
IMF Negotiations Must Focus On Economic And Financial Issues
- 22 Mar 2012 8:00 AM
- current affairs
"Convergence in the positions of Hungary and the International Monetary Fund (IMF) was seen in their agreement that economic and financial issues must be in the focus of IMF negotiations, minister without portfolio Tamás Fellegi said to MTI in Washington after two days of informal discussions held with IMF in the US capital.
Hungary Not To Lose A Penny Of Cohesion Support, Says PM
- 3 Mar 2012 6:30 AM
- current affairs
"Hungary will not lose any penny of its convergence or cohesion fund support next year, Prime Minister Viktor Orban told a press conference after the EU's summit on Friday. The European Commission proposed in February the suspension of 495 million euros of Cohesion Fund allocations for Hungary for 2013 because of the country's failure to address its excessive deficit.
Hungarian State Debt Drops To 80.2% Of GDP
- 3 Jan 2014 8:00 AM
- business
Consolidated gross debt fell by Ft 160 billion to 80.2% of GDP in the third quarter, according to figures from the National Bank. Analysts project that the full-year figure will be somewhere near 79.4%, down slightly from 79.8% at the end of 2012.
Xpat Opinion: The Failure Of Széll Kálmán Square Budapest Plan Reflected In The Budget 2014
- 18 Oct 2013 9:00 AM
- getting around
In spring, 2011, to demonstrate to the European Union that the country is capable of obviating the excessive deficit procedure, the Hungarian Government announced the Széll Kálmán-Plan, then a year after the Széll Kálmán-Plan 2.0. By scale these represented restrictions amounting to HUF 1,500 billion. In its analysis, the Policy Agenda checked, to what extent the Budget 2014 reflects the ...
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 Incoming Minister of National Economy Outlined Economic Policy Cornerstones
- 6 Mar 2013 8:01 AM
- current affairs
Mihály Varga has explained his views on Hungarian economic policy targets at hearings in the Parliament’s education and employment committees taking place yesterday and continuing today. The hearings took place prior to the Minister’s official appointment at the helm of the National Economy Ministry in a new post merging with his earlier position as chief negotiator with the IMF. The committees ...
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, ...
EU - IMF - Hungary Talks May Already Begin In July
- 9 Jul 2012 9:04 AM
- current affairs
90% of Hungarian Parliament voted in favour of modifying the Central Bank Act, announced Mihály Varga, the Minister in charge of IMF Talks on Friday. The minister explained that the most important elements of the proposal were retained.
Professor Akbar Gives Commentary On Economic Outlook Of Eurozone At CEU Budapest
- 28 May 2012 2:00 AM
- business
Yusaf Akbar, an associate professor of management and international business at Central European University Business School, describes what many are calling “the Eurozone crisis” as not a crisis at all, but a “process of adjustment.”
IMF Negotiations Must Focus On Economic And Financial Issues
- 22 Mar 2012 8:00 AM
- current affairs
"Convergence in the positions of Hungary and the International Monetary Fund (IMF) was seen in their agreement that economic and financial issues must be in the focus of IMF negotiations, minister without portfolio Tamás Fellegi said to MTI in Washington after two days of informal discussions held with IMF in the US capital.
Hungary Not To Lose A Penny Of Cohesion Support, Says PM
- 3 Mar 2012 6:30 AM
- current affairs
"Hungary will not lose any penny of its convergence or cohesion fund support next year, Prime Minister Viktor Orban told a press conference after the EU's summit on Friday. The European Commission proposed in February the suspension of 495 million euros of Cohesion Fund allocations for Hungary for 2013 because of the country's failure to address its excessive deficit.