Still no mandate for start of official IMF-EU negotiations
The International Monetary Fund and the European Union have not yet issued a mandate to delegations to start official negotiations with Hungary on a precautionary financial assistance package, business daily Világgazdaság reported on Thursday, citing the press office of minister without portfolio Tamás Fellegi.
The paper put the question to Fellegi, who is in charge of negotiations with the IMF and EU, after other members of the government said the talks on the precautionary assistance would start at the end of March.
The office said talks on preparations for the start of the official negotiations are underway, but the government is waiting for a response from the European Commission to a letter it wrote on recently launched infringement procedures.
The European Commission launched the accelerated infringement procedure against Hungary on concerns over the country's new Central Bank Act, the mandatory retirement age for judges and the data protection authority.
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
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.
