http://bbj.hu/index.php?col=1001 Complete and independent daily business news from Hungary. en-us bbj@bbj.hu webmaster@bbj.hu PHP RSS Feed Generator Hungary's economy could start growing in the second half of 2010, but it is likely to stagnate for the full year, analysts told MTI on Wednesday, after the Central Statistical Office (KSH) published a second reading of Q4 GDP data. http://bbj.hu/?id=52022 2010-03-10T14:12:00Z http://bbj.hu/?id=52022 The outlook of Hungary's biggest companies worsened slightly in February, while that of SMEs continued to improved, the latest measure of confidence by economic research institute Ecostat shows. http://bbj.hu/?id=52021 2010-03-10T13:27:00Z http://bbj.hu/?id=52021 US economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday. http://bbj.hu/?id=52020 2010-03-10T12:28:00Z http://bbj.hu/?id=52020 China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market but said it would be wary of substantially boosting its gold holdings. http://bbj.hu/?id=52013 2010-03-09T16:54:00Z http://bbj.hu/?id=52013 German Chancellor Angela Merkel said a possible new fund to support euro zone countries that run into financial problems would not weaken European Union rules on budget discipline. http://bbj.hu/?id=52011 2010-03-09T16:02:00Z http://bbj.hu/?id=52011 European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labor market that were introduced to fight the economic crisis, a draft statement showed. http://bbj.hu/?id=52010 2010-03-09T15:59:00Z http://bbj.hu/?id=52010 The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said. http://bbj.hu/?id=52007 2010-03-09T13:53:00Z http://bbj.hu/?id=52007 Britain's sovereign credit profile has deteriorated but the country was still within tolerance of a triple-A rating, Fitch Ratings said. http://bbj.hu/?id=52004 2010-03-09T11:40:00Z http://bbj.hu/?id=52004 Intesa, the parent company of CIB Bank finds that the terms of the IMF rescue-loan agreement for Hungary will only be met through further austerity, requiring the new government elected at the April general elections to renegotiate the deficit clause with the Fund. http://bbj.hu/?id=51998 2010-03-09T09:16:00Z http://bbj.hu/?id=51998 The European Commission (EC) is looking to revoke HUF 10 billion in support funds from Hungary, the EC claims that the country has included as deductible expenses certain non-eligible items. http://bbj.hu/?id=51996 2010-03-09T08:04:00Z http://bbj.hu/?id=51996 Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece after a French pledge of EU help. http://bbj.hu/?id=51993 2010-03-08T16:41:00Z http://bbj.hu/?id=51993 The European Union has yet to evaluate its Lisbon Strategy, which expires this year, but it should build on the lessons of the previous ten years to form its new 2020 Strategy, Hungarian minister without portfolio in charge of the Chancellery Csaba Molnár said. http://bbj.hu/?id=51992 2010-03-08T16:38:00Z http://bbj.hu/?id=51992 Hungary's budget deficit hit 40% of the full-year projection in the first two months of the year, which analysts said highlights risks over the attainability of this year's deficit target. http://bbj.hu/?id=51991 2010-03-08T15:33:00Z http://bbj.hu/?id=51991 A revision to the standing civil code will shortly introduce class action lawsuits to the Hungarian legal system and already has a number of nongovernmental interest groups revving up to start the proceedings, the daily Népszabadság reported. http://bbj.hu/?id=51988 2010-03-08T14:22:00Z http://bbj.hu/?id=51988 Hungary would benefit from the introduction of the euro, but only after “the operation of the economy became normal and the exchange rate stabilized”, former head of the European Monetary Institute Sándor Lamfalussy said on a program of the Hungarian state television channel M1. http://bbj.hu/?id=51985 2010-03-08T11:56:00Z http://bbj.hu/?id=51985 The government and the prime minister have both passed a resolution on the measures and tasks necessary to the implementation of phase one of the European Union's Extreme Light Infrastructure (ELI), a HUF 100 billion (€376.25 million) super laser project to be hosted jointly by Hungary, Romania and the Czech Republic, both resolutions were published in the latest issue of the official gazette Magyar Közlöny. http://bbj.hu/?id=51984 2010-03-08T11:53:00Z http://bbj.hu/?id=51984 The Hungarian development bank MFB will sign the HUF 15.3 billion (€57.58 million) credit contract for the planned motorcycle racetrack near Lake Balaton if all conditions regarding the credit and the collaterals are in order as judged by the bank and its legal advisors, Economy Minister István Varga said. http://bbj.hu/?id=51983 2010-03-08T10:40:00Z http://bbj.hu/?id=51983 The Hungarian state has earmarked a guarantee budget of HUF 20 billion to support bank loan constructs that folded as a direct cause of the economic crisis, the dailyNépszabadság reported. http://bbj.hu/?id=51981 2010-03-08T09:22:00Z http://bbj.hu/?id=51981