Hungary's development minister Tamas Fellegi has resigned from his post in the cabinet in order to focus on the forthcoming negotiations with the IMF, portfolio.hu reported. The minister will not only conduct the talks but he will also have to co-ordinate the government's measures, keep contacts with rating agencies among others, which is quite broad responsibility and could not be combined with the work at the ministry, Fellegi explained. Hungary requested financial aid from the IMF and EU in November in the wake of a rating downgrade by Moodys. |
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