public finances
public finances
- EC proposes unprecedented freeze in funding for Hungary over fiscal gap; could result in EUR 495 million “hole” in 2013 budget (February 22nd, 2012) [3]
- Gov’t to cut subsidies for drugs, Budapest public transport to meet deficit target (February 22nd, 2012) [5]
- EU to move to suspend funds to Hungary, EU official says (February 21st, 2012)
- EU mulls proposal to freeze Hungary cohesion funds over excessive deficit (February 21st, 2012) [2]
- IMF/EU deal unlikely before May, London analysts say (February 21st, 2012)
- IMF/EU aid talks could end by March or April, Economy Ministry state secretary says (February 20th, 2012)
- Hungary net gov’t financing requirement 4.5% of GDP in 2011 without pension transfer (February 20th, 2012)
- Budapest mayor “cautiously optimistic” after BKV talks with gov’t (February 17th, 2012) [1]
- Gov’t expects more tug-of-war with EU over Central Bank head’s salary, says deputy PM (February 17th, 2012) [1]
- Gov’t commissioner proposes parliament probe into Malév privatization (February 17th, 2012) [2]
- EU macroeconomy report finds further analysis warranted in Hungary (February 14th, 2012)
- Hungary said on EC “blacklist” of union’s four weakest economies (February 14th, 2012) [1]
- Budapest says to come up with BKV financing plan in a week (February 14th, 2012)
- EU court confirms Hungary power purchase agreement as illegal state aid (February 13th, 2012)
- Cash-strapped BKV chief resigns after alleged bonus payments (February 13th, 2012)
- Municipality bond stock drops 20% in a month as principal repayments start (February 13th, 2012) [1]
- Malév could be put into liquidation in days, says administrator (February 13th, 2012)
- Hungary in talks with Russian lender to revive Malév as failed air carrier slashes 2,000 jobs (February 10th, 2012) [4]
- Budapest transport company BKV seeks HUF 11.5 billion loan to refinance debt (February 10th, 2012)
- Gov’t extends FX loan rate cap program (February 9th, 2012)