BUDAPEST, Oct 27 - The International Monetary Fund (IMF) says it has reached broad agreement on an economic rescue package for Hungary. Analysts said the deal could boost sentiment in the short-term and may force...
BUDAPEST, Oct 26 - Hungary expects to sign a final agreement with the International Monetary Fund (IMF) and the European Union this week about standby access to resources, a source close to the Hungarian government...
BUDAPEST, Oct 21 - Massage parlour owner Laszlo Bohoczky has begun to curse the day he took a mortgage in Swiss francs as the global credit crisis ravaged Hungary and the value of the forints...
Chinese Vice President Xi Jinping inspires and underscores the importance of cultural exchanges during his most recent tour to Europe
* Soros says regulators must actively prevent asset bubbles * Credit needs to be restricted via capital, margin limits * Says CDSs, knockout options may need to be banned * Imbalances in fin. system due...
* IRELAND -- There is an acceptance in Ireland that it needs to pay for the over-leveraged years of the "Celtic Tiger" economy and trade unions have held off from strikes or industrial action. --...
* Non-partisan experts proposed for key posts * New PM: fiscal discipline non negotiable * Says tax cuts needed to revive competitiveness * Thousands demonstrate in street, some clash with police (Updates with street demonstration,...
BUDAPEST, April 10 - Peter Oszko, head of the Hungarian office of accounting firm Deloitte, is expected to take the post of finance minister in the government to be appointed next week, the daily Nepszabadsag...
BUDAPEST, March 22 - Hungary's economy could contract this year by more than the official forecast of 3.5 percent and bigger spending cuts are needed, Prime Minister Ferenc Gyurcsany said on Sunday. Gyurcsany, who offered...
BUDAPEST, Feb 5 - Peter Mihalovits was just about to retire when the crisis hit. He had ignored warnings about borrowing in foreign currencies to take what seemed a risk-free, cheap route to a lifestyle...