Varga reaffirms govt intention to reach deal with IMF/EU

History

The Hungarian government's intention, voiced last November, to reach an agreement with the International Monetary Fund and the European Union remains unchanged, Mihály Varga, who is in charge of talks on precautionary financial assistance from the IMF/EU, said at a forum organised by Portfolio.hu on Tuesday.

Varga said the situation of the Hungarian economy had undoubtedly improved in the past months, but added that "we are far from the ideal position when we can dispose of such external support". The IMF/EU are currently assessing the Hungarian government's negotiating proposals, he said. The Hungarian delegation trusts an agreement will come within reach after the continuation of negotiations, he added.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.