ADVERTISEMENT

Still no mandate for start of official IMF-EU negotiations

EU

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.

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

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.