The European Commission (EC) has welcomed the steps taken by Hungarys government to address EU concerns on the independence of the countrys central bank, the spokeswoman of the EC said in a statement following a meeting between EC president Jose Manuel Barroso and Hungary PM Viktor Orban. Solving this issue is considered as a key precondition for launching official talks between Hungary and the IMF on a financial aid agreement. The EC is expected to close the infringement procedure against Hungary, which was initiated in January 2012 on violation of the EU law in terms of central bank independence. The EC sees also progress addressing the two other infringement procedures concerning the retirement age of judges and the independence of the data protection authority. The Commission will discuss further steps in a meeting today (April 25). |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more