ADVERTISEMENT

Hungary: Experts debate on adopting the Euro

Conferences

There are more arguments for the earliest possible joining of the euro-zone than against it, but the right parity have to be chosen very carefully and several other factors are to be considered as well, said Judit Neményi, member of the Monetary Council at a financial conference.

“The institutions are weak and the central bank is strongly restricted in its independence”, so there will be no euros in Hungary in the near future, said István Hamecz, former chief economist of the Bank, voicing a more pessimistic view. Previous bank-chief Zsigmond Járai said the current Monetary Council was a “Gyurcsányist puppet-show”, which opinion was strongly criticized by other participants of the conference. György Szapáry, a former vice-president underlined the inflationary pressure caused by price-level convergence in pre-accession countries in the next years that would make the revision of the Maastricht inflation-targets reasonable. (Gazdasági Rádió)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.