45 result(s) for european currency in Business
Hungary Needs New Growth Model For Successful Euro Adoption
- 19 May 2010 5:00 AM
- business
"Hungarian version
The earlier path of financing growth from foreign borrowing can no longer be sustained in Hungary, the National Bank of Hungary (NBH) said in its Report on the Convergence Process published on Wednesday. Reducing Hungary’s public and external debts is the key to sustainable growth and successful euro adoption. In other words, the economy will need to rely on a greater ...
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary Forint Keeps Easing, Already Around 278 vs. EUR
- 5 May 2010 10:00 AM
- business
"Hungary’s forint shed more than 2.5% against the euro in Tuesday trading, easing to around 276 by the end of the session. After relaxing briefly in early morning session, the HUF has continued to ease on Wednesday amidst bitter investor sentiment. The USD remains extremely strong against key currencies and leading European stock indices continued to decline.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Euro Adoption Five Years Away For Hungary - Again
- 26 Apr 2010 5:00 AM
- business
"Analysts have been forecasting Hungary’s inflation higher and higher every month, the latest Reuters poll conducted in April showed. This, however, will not be regarded as an obstacle by the central bank (NBH) to cut is base rate further next Monday, they say.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary Needs New Growth Model For Successful Euro Adoption
- 19 May 2010 5:00 AM
- business
"Hungarian version
The earlier path of financing growth from foreign borrowing can no longer be sustained in Hungary, the National Bank of Hungary (NBH) said in its Report on the Convergence Process published on Wednesday. Reducing Hungary’s public and external debts is the key to sustainable growth and successful euro adoption. In other words, the economy will need to rely on a greater ...
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary Forint Keeps Easing, Already Around 278 vs. EUR
- 5 May 2010 10:00 AM
- business
"Hungary’s forint shed more than 2.5% against the euro in Tuesday trading, easing to around 276 by the end of the session. After relaxing briefly in early morning session, the HUF has continued to ease on Wednesday amidst bitter investor sentiment. The USD remains extremely strong against key currencies and leading European stock indices continued to decline.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Euro Adoption Five Years Away For Hungary - Again
- 26 Apr 2010 5:00 AM
- business
"Analysts have been forecasting Hungary’s inflation higher and higher every month, the latest Reuters poll conducted in April showed. This, however, will not be regarded as an obstacle by the central bank (NBH) to cut is base rate further next Monday, they say.
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.