83 result(s) for imf in Business
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Xpat Opinion: Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession
- 22 Aug 2012 9:00 AM
- business
Posted by Steve H. Hanke: Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump.
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
IMF Satisfied With Amendment Of Central Bank Law In Hungary
- 29 Jun 2012 9:02 AM
- business
According to the information released by the International Monetary Fund, the amendments to the central bank legislation are fully satisfactory, and following their passage by Parliament, negotiations may commence, Mihály Varga, minister without portfolio announced on Wednesday.
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.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Xpat Opinion: Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession
- 22 Aug 2012 9:00 AM
- business
Posted by Steve H. Hanke: Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump.
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
IMF Satisfied With Amendment Of Central Bank Law In Hungary
- 29 Jun 2012 9:02 AM
- business
According to the information released by the International Monetary Fund, the amendments to the central bank legislation are fully satisfactory, and following their passage by Parliament, negotiations may commence, Mihály Varga, minister without portfolio announced on Wednesday.
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.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.