News
The Government still intends to reach an agreement with the IMF and EU
, October 17, 2012 10:26 AM
The intention of the Hungarian government is unchanged: this is the message that Mihály Varga, Minister without portfolio responsible for liaising with certain international financial organisations, stressed at an economic forum in Budapest organised by the portfolio.hu web portal. As previously stated in November 2011, the Government would like to reach an agreement with both the International Monetary Fund and the European Union.
Hungarian alternative proposal to be sent to IMF/EU early this week
, September 17, 2012 4:22 PM
"On Tuesday or Wednesday, the Government will send the IMF and the EU an alternative proposal in connection with loan negotiations in line with the economic policies pursued over the past two years", chief negotiator Mihály Varga said on Monday. In order to have the opportunity to make changes to the budget if necessary, the Government has requested the postponement of the vote on the 2013 budget in Parliament, which was supported by ruling party Fidesz.
Minister Mihály Varga negotiates in Kazakhstan
, September 12, 2012 5:56 PM
Budapest, 12 September 2012, Wednesday – Today Minister Mihály Varga, Hungarian Co-Chairman of the Hungary-Kazakhstan Inter-governmental Economic Cooperation Joint Committee held negotiations in Almaty with Kazakh Co-Chairman and Minister of Economic Development and Trade Bakytzhan Abdirovich Sagintayev.
Mihály Varga: We shall not yield ground on property tax and asset tax
, July 13, 2012 12:03 PM
"Property tax and asset tax may be put on the table at IMF-EU talks, but Hungary will not yield ground on these", Mihály Varga Minister without portfolio responsible for the international loan negotiations said to commercial television TV2 on Friday.
Mihaly Varga: Yielding ground on flat-rate tax would be difficult
, July 10, 2012 2:18 PM
It would be difficult for Hungary's government to yield ground on the issue of flat-rate income tax at negotiations for financial assistance from the International Monetary Fund and the European Union, Minister without portfolio Mihaly Varga said in an interview on public television late on Monday.
EU-IMF talks may already begin in July
, July 6, 2012 3:25 PM
90% of Hungarian Parliament voted in favour of modifying the Central Bank Act, announced Mihály Varga, the Minister in charge of IMF Talks on Friday. The minister explained that the most important elements of the proposal were retained.
IMF satisfied with amendment of central bank law
, June 28, 2012 4:05 PM
According to the information released by the International Monetary Fund, the amendments to the central bank legislation are fully satisfactory, and following their passage by Parliament, negotiations may commence, Mihály Varga, minister without portfolio announced on Wednesday.
New amendment to central bank law may be presented to the House on Thursday
, June 20, 2012 5:56 PM
The Government is expected to present to Parliament the latest amendment to the Act on the National Bank of Hungary on Thursday, which Parliament may pass within two weeks, Mihály Varga told journalists on Wednesday.
Hungary Central Bank Vote Delay Will Help IMF Talks, Varga Says
, June 7, 2012 9:23 AM
Hungary’s delay of a vote on amendments to a disputed central bank law will help resolve differences blocking talks with the International Monetary Fund, said Mihaly Varga, the country’s chief negotiator.
Talks continue on amendments to the Act on the National Bank of Hungary
, June 5, 2012 8:33 AM
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on the Act, following amendments requested by the international organisations.