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Hungary Recession News is an EIN News Service for political professionals. Constantly updated news and information about Hungary EU Politics.
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Latest Hungary Recession News

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  • Nine countries warn Hungary over corruption 19 Nov 2009 17:13 GMT
    ... Nine embassies in Hungary warned in a joint letter that recent ... is in the throes of a deep recession and expects its to contract by 6.7 ... of Pecs which took control of a Hungarian water utility company in which Suez had ...

  • London analysts say Hungary "on path to recovery" despite dismal Q3 16 Nov 2009 09:56 GMT
    ... London analysts say Hungary "on path to recovery" despite dismal Q3 ... figures that have shown a still deeper-than-expected recession in the third quarter, and the Hungarian economy is set to grow next year, ...

  • Hungary Monetary Council issues statement on rate reduction 23 Nov 2009 14:54 GMT
    ... At its meeting, the Monetary Council also discussed the November ... the . The Council's judgement is that Hungarian growth is likely to resume in the ... wages by taking into account the protracted recession and the expected low inflation environment may ...

  • Hungary MPs reject IMF proposal on watchdog powers 16 Nov 2009 18:55 GMT
    ... BUDAPEST, Nov 16 (Reuters) - Hungary's parliament on Monday rejected an IMF recommendation ... banking sector remained profitable despite a deep recession, and it was adequately capitalised to absorb ... Sandor Peto; Editing by Ruth Pitchford) ($1=180.56 Hungarian Forint) Keywords: HUNGARY SUPERVISION/ +36 1 327 ...

  • UPDATE 2-Hungary cbank trims rates by 50 bps, cuts CPI fcasts 23 Nov 2009 16:34 GMT
    ... Marton Dunai BUDAPEST, Nov 23 (Reuters) - Hungary's central bank cut its key interest rate ... to improve. 'Hungary is facing a protracted recession, and consequently the inflationary pressure in the ...

  • Hungary Cuts Key Rate to Three-Year Low on Recession, Inflation 23 Nov 2009 14:55 GMT
    ... speed the country’s recovery from its worst recession in 18 years, which helped slow inflation. ... as the economic slump blunts price pressures. Hungary was the first European Union country to get ...

  • Hungary MOL unveils 2010 plans, gets upgrade by Netixis 19 Nov 2009 16:35 GMT
    ... The Board of Directors of Hungary's oil and gas group MOL is to ... remains under stringent control due to the recession," MOL added. In upstream, MOL expects daily ... 2010 and a moderate decline on mature Hungarian and Croatian on-shore fields. Meanwhile it projects ...

  • Hungary c.bank keeps the pace, cuts base rate 50 bps, as expected 23 Nov 2009 13:32 GMT
    ... Hungary's Monetary Council has lowered its benchmark policy ... the past few months. 2. The deep recession in the economy would also justify much ... sentiment, as well as uncertainties about the Hungarian economy. The importance of this factor is ...

  • Hungary c.bank surprises mkt, cuts base rate, widens interest rate corridor 23 Nov 2009 14:15 GMT
    ... Hungary's Monetary Council has lowered its benchmark policy ... the past few months. 2. The deep recession in the economy would also justify much ... sentiment, as well as uncertainties about the Hungarian economy. The importance of this factor is ...

  • EU recession over but sharp contrasts in East 23 Nov 2009 05:12 GMT
    ... may have inched out of its sharpest recession since the global slump of the 1930s, ... lot of countries such as Latvia or Hungary, where the economies have been in freefall. "In ...

  • JP Morgan upgrades Hungary, saying austerity opens scope for growth 23 Nov 2009 08:50 GMT
    ... JP Morgan upgrades Hungary, saying austerity opens scope for growth JP Morgan ... citing its quickly improving fiscal standing. The recession in Hungary was the deepest in the ...

  • EU recession over, but contrasts in east 23 Nov 2009 02:43 GMT
    ... am TWN, By Michel Mrozinski, AFP EU recession over, but contrasts in east WARSAW -- ... lot of countries such as Latvia or Hungary, where the economies have been in freefall. “In ...

  • UPDATE 1-IMF says Hungary loan deal on track, govt upbeat 16 Nov 2009 17:36 GMT
    ... BUDAPEST, Nov 16 (Reuters) - Hungary has gained approval from the International Monetary Fund ... Republic already clawed their way out of recession in the third quarter, data showed last ...

  • Hungary says it will forego IMF loan 16 Nov 2009 19:15 GMT
    ... "Hungary will not draw on the next installment of ... 2010," Morsink said. Hungary has been in recession for five quarters, starting in the second ...

  • EU recession over, but sharp contrasts in east 22 Nov 2009 05:47 GMT
    ... lot of countries such as Latvia or Hungary, where the economies have been in freefall. "In ... after five straight quarters of shrinking. A recession is generally defined as two quarters of ...


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