Monetary Council leaves base rate unchanged at 6.00%, as expected
The Monetary Council of Hungary's central bank MNB voted on Monday to keep the base rate unchanged at 6.00%, in line with market expectations.
Moody's downgrades Hungary's sovereign ratings outlook to negative on fiscal worries
International ratings agency Moody's Investors Service stated Wednesday that it has changed the outlook on the Republic of Hungary's sovereign ratings to 'negative' from 'stable' due to continued fiscal worries.
Hungary's governing Socialist Party's election platform focuses on jobs, competitive sectors
Hungary's governing Socialist Party (MSZP) will provide the base for developing the country's economy to remain competitive globally by focusing on such high added-value sectors as biotechnology, pharmaceuticals and information technology, party leaders said when revealing the party's election platform Tuesday.
Hungarian FinMin says 2010 euro adoption date subject to
Hungary's Finance Minister Janos Veres said Tuesday that while the government views 2008 as a strict deadline for meeting the Maastricht euro-adoption criteria, the actual timing of the single European currency's introduction, in 2010 or later, will depend on political considerations.
Hungary confirms highly pathogenic H5N1 strain of avian flu found in dead swans
Hungarian authorities confirmed Tuesday that dead swans found in Hungary last week carrying the H5 bird flu virus were infected with the highly pathogenic H5N1 strain, which can also pose a danger to humans.
