ADVERTISEMENT

Matolcsy consulting with central bank governor on 2012 growth target

History

National Economy Minister Gyorgy Matolcsy is consulting with the National Bank of Hungary governor on next year’s economic growth target, government spokesman Andras Giro-Szasz said on Wednesday.

The government wants to wait until Germany’s government takes an official stand on their country’s growth prospects for next year, he said in connection with Hungary’s national growth plan.

Mr Matolcsy said on Friday that the 1.5% GDP growth target in the 2012 budget bill was unrealistic because of the worsening outlook for growth in Germany, Hungary’s biggest trading partner. He instead put growth in a range between 0.5% and 1%.

Gránit Bank to Offer Cross-border Services in Romania Banking

Gránit Bank to Offer Cross-border Services in Romania

EC Acknowledges Reforms, Notes Concerns in Rule of Law Repor... EU

EC Acknowledges Reforms, Notes Concerns in Rule of Law Repor...

Budapest Housing Market Grew Spectacularly in H1 Residential

Budapest Housing Market Grew Spectacularly in H1

Hungary's 1st Lipstick Bar Opens in the Heart of Budapest Social

Hungary's 1st Lipstick Bar Opens in the Heart of Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.