International news sources report on Hungarian business and economy.

General Government Net Borrowing Was Equal to 4.4 Pct of GDP

According to preliminary financial accounts data, general government net borrowing was equal to 4.4 pct of Hungary’s GDP in 2009.


International news sources report on Hungarian diplomacy, election and economy.

The Government Sees Smaller, 0.2 Pct Economic Contraction in 2010

The government has changed the GDP projection for 2010 from a 0.3 pct contraction to a 0.2 pct fall in the new update, Finance Minister Peter Oszkó said at a press conference on February 15.

CIB Bank Analyst Expects Industrial-Output Growth this Year

CIB Bank analysts say they expect industrial output to increase by around 5 pct in 2010 taking into consideration uncertainty factors such as the calamities of the German industry this year.

IMF-EU Delegation Praises Hungary but Calls for Further Measures

Hungary's government has taken sufficient measures to stabilize the economy.

Trade Balance Showed a Surplus of HUF 106 Billion in January

In December, the trade balance showed a surplus of HUF 106 billion (EUR 375 million), the balance improved by HUF 132 billion (EUR 457 million) compared to the same month of 2008.

Hungary and the US Sign New Double Taxation Avoidance Agreement

Hungary and the United States have signed an agreement designed to avoid double taxation and tax evasion, the Finance Ministry told MTI on Thursday. The new agreement will replace the one signed in 1979. Finance Minister Peter Oszkó signed on behalf of Hungary and US Ambassador to Hungary Eleni Tsakopoulos Kounalakis for the US.

Hungary's Convergence Report Projects GDP Shrink by 0.3 pct in 2010 and 3.7 pct Growth in 2011

Hungary's convergence report envisages a 0.3 pct contraction in Hungary's GDP for 2010, GDP growth of 3.7 pct for 2011 and GDP growth of 3.8 pct for 2012, the Finance Ministry said on its website on January 29.


International news sources report on Hungarian economy.

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