Fellegi holds talks in Vienna


Hungarian minister without portfolio Tamas Fellegi continued informal talks in Vienna on Thursday in preparation for the start of official negotiations on financial assistance from the International Monetary Fund and the European Union, the minister’s press office said.

The minister reaffirmed the Hungarian government’s resolution to reach an IMF/EU agreement at the earliest possible date, and its commitment to take steps important for macroeconomic stability and to fight the economic recession, the press statement said.

Mr Fellegi met with National Bank of Austria governor Ewald Nowotny as well as Deputy Governor Wolfgang Duchatczek. He also held talks with Austrian Finance Minister Maria Fekter.

The parties reviewed recent economic developments in Hungary and agreed on the necessity of the continuation of intensive bilateral talks.

The delegation led by Mr Fellegi will hold talks in Brussels with European Commissioner for Economic and Monetary Affairs and the Euro Olli Rehn on Friday. Mr Fellegi will also meet Director General at the General Secretariat of the Council of the European Union Carsten Pillath, Belgian Finance Minister Steven Vanackere, EU Commissioner Laszlo Andor as well as KBC Group CEO Jan Vanhevel.


Zwack Profit Climbs 8% Figures

Zwack Profit Climbs 8%

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Magnus Aircraft Signs CNY 65 mln Order Deals

Magnus Aircraft Signs CNY 65 mln Order

Accommodation Fully Booked Over Pentecost Weekend Tourism

Accommodation Fully Booked Over Pentecost Weekend


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.