15 October 2008, 9:09 am
Hungary will increase the GDP proportionate amount of its defence expenses by 0.2 percent in the next five years, contrary to earlier plans, defence minister Imre Szekeres announced last Thursday (Oct 9), the first day of the informal NATO meeting in Budapest.... read more
15 October 2008, 8:44 am
BUDAPEST — Hungary's central bank said it would soon come out with a “very complex” package to shore up the country's falling markets which took a severe beating on Wednesday on investors' fears about Hungary's debt and finances.... read more
15 October 2008, 6:21 am
BUDAPEST, Oct 15 (Reuters) - Hungary's currency and stock markets plunged on Wednesday as investors worried over the impact of the global financial crisis on its public finances and banks, while many analysts stressed it was "no Iceland".... read more
15 October 2008, 4:46 am
Oct. 15 (Bloomberg) -- Hungary, Dubai and Russia led a slump in emerging-market stocks, halting this week's record rally, after Federal Reserve Bank of San Francisco President Janet Yellen said the world's biggest economy is in a recession.... read more
15 October 2008, 4:04 am
BUDAPEST, Oct 15 (Reuters) - Hungary's Raiffeisen Bank, a unit of Raiffeisen International and the Hungarian unit of Volksbank International AG said on Wednesday they have imposed restrictions on foreign currency lending in Hungary.... read more
15 October 2008, 4:04 am
BUDAPEST, Oct 15 (Reuters) - Hungary's OTP Bank has raised the registered capital of its Russian subsidiary OAO OTP by 500 million roubles ($19.14 million) to 2.62 billion roubles, the bank said on Wednesday.... read more
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