The government decided to extend until July 1 the moratorium on foreclosures from the previous deadline April 15, MTI news agency reported, quoting government spokesperson Anna Nagy. In mid-March, the parliament endorsed a proposal of the ruling party Fidesz and extended to the same date the eviction freeze. Thus, people with default on mortgage loans will be protected from legal actions, until the government and the bank association take a final decision on the planned assistance package, Nagy added. |
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