AKK to publish 2012 issuance plan next week

MNB

Hungary’s Government Debt Management Agency (AKK) will publish its debt issuance plan next week, after Parliament finalises the 2012 budget, former AKK chief Gyula Pleschinger told Dow Jones on Monday.

Prime Minister Viktor Orban said on Sunday that the 2012 budget would need to be adjusted because of a worse outlook for economic growth and a weaker forint.

Mr Pleschinger told Dow Jones in October that Hungary’s forint-denominated maturing debt would probably come to HUF 900bn in 2012, while the maturing foreign currency-based debt would be a little more than €4.5bn.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.