The Hungarian government has decided to re-launch forint-denominated state-subsidised home loans that will be available for the purchase of both new or used homes. Also, there will be housing subsidy on social grounds.
The Hungarian government has decided to re-launch forint-denominated state-subsidised home loans that will be available for the purchase of both new or used homes. Also, there will be housing subsidy on social grounds.
The latest plan by the government includes measures affecting the cost of borrowing, utilities prices and foreign currency-denominated mortgages. There may be a higher VAT rate for luxury purchases and the public jobs program expanded.
Hungary is to further reduce its public debt in October and November, taking it down from 77% of gross domestic product to 73%, Prime Minister Viktor Orbán told a news conference after a cabinet meeting on Tuesday.
Officers at the Hungarian Banking Association are not yet sure how to interpret Prime Minister Viktor Orbán's Wednesday morning statement that "splitting losses" will be a key priority task this fall, an official at the Association said.
American Secretary of State Hillary Rodham Clinton was in Budapest Thursday to take part in the inauguration of the Tom Lantos human rights institute. Another prominent guest was Clinton's predecessor Condoleezza Rice.
Hungarian Prime Minister Viktor Orbán delivered a speech at a conference entitled "Economic Turnaround" in Budapest this Tuesday, evaluating the first year of his present government. He said his cabinet needs to work harder in the future.
Hungary has bought back a 21.2% stake held by Russia’s Surgutneftegaz in fuels group MOL. The deal, to be completed August 31st this year, is worth EUR 1.88 billion and will be paid for from previously drawn IMF grants.
Construction work of a new Opel engine factory began this Tuesday with the laying of the foundation stone in the southwestern Hungarian town of Szentgotthárd. The new plant will manufacture engines of the latest technology.
The government's Széll Kálmán Plan seeks to eliminate the danger of indebtedness both at the individual and the national level, Prime Minister Viktor Orbán wrote in his introduction to the program unveiled on Tuesday.
The prime ministers of the Visegrád Four (V4) group of countries (the Czech Republic, Hungary, Poland and Slovakia) have signed a statement highlighted the group's role in advancing European integration in its member countries.
In his annual state-of-the-nation address, Prime Minister Viktor Orbán said on Monday that Hungary has embarked on a process of renewal, and each year up to 2014 will be a staging post towards sustained growth.
The European Union in 2011 will face the most difficult year for the past two decades. This view was expressed by Hungarian Prime Minister Viktor Orbán at the plenary session of the European Parliament in Strasbourg on Wednesday.
Hungarian Prime Minister Viktor Orbán has promised that the country's new media law would be changed if necessary, the President of the European Commission José Manuel Barroso said after talks with Orban on Friday.
The Russian owners of Hungarian airlines Malév will be offered a stake in a Hungarian gas storage facility in exchange for their shares, the Hungarian business daily Napi Gazdasag reported on Friday quoting unnamed sources.
Addressing a European Union summit in Brussels on Thursday, Hungarian Prime Minister Viktor Orban said it was favourable that Hungary and then Poland will be EU president in 2011, a year when a revival from the global crisis may start.
