NewsLetter

Hungary's GDP grows 4.1% in Q2 - above expectations

Hungary's GDP rose 4.1% in the second quarter of 2005, according to preliminary data released by the Central Statistical Office (KSH) Tuesday.

Government will not bring forward euro target date

Despite relatively high economic growth and a likely long-term trend in low inflation, the government is not considering bringing forward the target date for euro entry from 2010 to 2009, finance minister Janos Veres said at a press conference Tuesday.

BSE wants buyers of state assets to list their shares in Budapest

Attila Szalay-Berzeviczy, the chairman of the Budapest Stock Exchange (BSE), has proposed that the winners of upcoming privatization deals be required to list their shares on the BSE.

Moody's comments on Hungary's debt rating

In its annual report on Hungary, Moody's Investors Service said the country's "A1" rating and stable outlook reflect a solid record of debt management but also a need for fiscal reforms.