Articles by #hashtag

Budget policy

19 hits
Economy Minister Mihály Varga announcing new restrictions | Lajos Soós/MTI

New fiscal adjustment package in Hungary

May 11, 2013

The Hungarian Minister of National Economy Mihály Varga announced that in order to ensure that the European Commission’s excessive deficit procedure against the country is lifted, the government will freeze HUF 92.9 billion in the 2013 budget.

IMF delegation in Budapest in January 2013 | MTI / László_Beliczay

IMF recommends new policy course for Hungary

Jan 28, 2013

Hungary needs a "new policy course to deliver the required medium-term fiscal adjustment in a sustainable way to support growth and confidence, repair the financial sector, and promote structural reforms to boost the potential of the Hungarian economy."


S&P downgrades Hungary again

Nov 23, 2012

Ratings agency Standard & Poor's (S&P) has downgraded Hungary from BB+ to BB, while keeping stable outlook for the country's debt. The Hungarian currency started to weaken but the Hungary dismissed the downgrading as a “hollow measure”.

| D&T archive

Hungary-IMF deal further delayed

Nov 20, 2012

The International Monetary Fund (IMF) and the European Commission will wait for the approval of the 2013 budget and then there could be further development in the current negotiating stage, Hungary’s chief aid negotiator Mihály Varga said this Tuesday.

György Matolcsy | Tamás Kovács/MTI

Hungarian government: new austerity package

Oct 17, 2012

Hungarian economics minister György Matolcsy announced a new set of measures to keep the budget deficit on track as the European Union has signalled to them that the first package is not sufficient to fill the hole in the 2013 budget.

EU delegation leader Barbara Kauffmann (on the left) and the head of the IMF Representation Office in Budapest

IMF-EU talks with Hungary continue in September

Jul 26, 2012

A delegation by the International Monetary Fund and the European Union, which held talks on precautionary financial assistance to Hungary in the past eight days, will return to Budapest in September, Hungarian Prime Minister Viktor Orbán has stated.

| D&T Arvhive

Hungary-IMF talks may start early summer

May 17, 2012

Hungary future IMF negotiator, Mihály Varga, expects formal negotiations with the International Monetary Fund (IMF) and the European Union on a financial assistance program start as soon as early summer thanks to meeting the preconditions for the talks.

| source:

Hungary's talks with IMF, EU interrupted

Dec 16, 2011

Preparatory talks between Hungary's government, the IMF and the European Union on a precautionary loan were interrupted on Friday, Amadeu Altafaj Tardio, spokesman for Economic and Financial Commissioner Olli Rehn said.


Hungary PM on growth target 2012

Nov 11, 2011

Attaining the 1.5% GDP growth targeted for 2012 will be "extremely difficult", Hungarian Prime Minister Viktor Orbán said at the London School of Economics on Thursday. The EU projects Hungarian GDP to be 0.5% next year.

Amadeu Altafaj |

Worries over Hungary's debtor help plan

Sándor Laczkó
Sep 13, 2011

Brussels expressed its concerns over the Hungarian government’s plan to help people with foreign currency-denominated mortgages by allowing debt pay-off well under the market rate. Austria is infuriated and “firmly rejects” the measure.

János Martonyi | Dávid Harangozó

Hungarian FM calls Moody's downgrade unjustified

Dec 9, 2010

Recent downgrade of Hungary by the international credit rating agency Moody's is completely unjustified, Foreign Minister János Martonyi told the BBC on Wednesday. Moody's downgraded Hungary on Monday to just a notch above junk status.

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