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Viktor Orban

IMF: Doubt on Hungary´s Economic Data

For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.

July 23, 2012

„IMF Is Not Our Enemy“

Hungary´s Prime Minister Viktor Orban returns to the bargaining table. The country needs up to € 20bn.

July 17, 2012

Hungary Plans to Boost Economy

With a € 1.0bn programme, the Hungarian government aims to create more jobs and stimulate consumption.

July 9, 2012

Hungary: Negotiations on IMF Loan to be Concluded in Autumn

Since January, the Hungarian government tries to secure a € 15bn loan by IMF and the European Central Bank. A final solution may be found in the next months.

July 7, 2012

Hungary: Financial Transaction Tax to be Extended

The Hungarian government plans a growth stimulus program, which should be funded with the extension of the current financial transaction tax.

June 30, 2012

Leitl Underlines Good Relations with Hungary

At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.

June 14, 2012

Orban Defends Hungarian Economic Policy

The Hungarian Prime Minister Viktor Orban met Austrian policymakers in Vienna. The Hungarian bank tax should be replaced by a financial transaction tax.

June 13, 2012

Hungarian Bank Tax May be Abolished

The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.

May 10, 2012

OMV: „Nabucco is More Alive than Ever”

Despite the exit of Hungarian MOL, the Austrian oil company underlines the importance of Nabucco. CEO Roiss holds on Nabucco.

April 28, 2012

OMV Plans Downsizing of Nabucco

The Austrian oil and gas group works on a downsized version of the natural gas pipeline project. The original version would become too expensive, analysts say.

April 25, 2012

MOL May Leave Nabucco Project

Hungarian Prime Minister Viktor Orban said that MOL the country’s largest company by market capitalization, is leaving the € 7.9bn ($ 10.4bn) Nabucco natural gas pipeline project.

April 24, 2012

RBI Is Optimistic to Reach Solution in Hungary

On the occasion of a investor conference in London, Austrian Raiffeisen Bank International talked about risks in Hungary and capital requirements by EBA.

March 31, 2012

Hungary is Optimistic to Reach Agreement with IMF

The Hungarian ambassador in Vienna, Vince Szalay-Bobrovniczky is convinced to solve the current financial crisis soon. Hungary aims for re-gaining trust of investors.

February 25, 2012

Central Bank Act: Orban Gives In

Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.

January 21, 2012

Austrian Banks Have $ 41.0bn Exposure in Hungary

After another downgrade, a national bankruptcy of Hungary is not excluded anymore. Consequences for Austrian banks would not be foreseeable.

January 7, 2012

Austrian Enterprises Fear Nationalization in Hungary

Nationalization plans induce fierce criticism against the Hungarian Government. The Austrian waste management industry would be hit hard.

January 2, 2012

Orban Attacks Austrian Banks

The Hungarian Prime Minister Viktor Orban wants to release his country from the “debt slavery” and criticizes Austria´s reactions.

October 29, 2011

Hungary: Calls for Boycotts against Foreign Companies in Hungary

A Hungarian initiative demands that 13 foreign companies be boycotted, including Austrian OMV

January 18, 2011

13 CEOs Call For Sanctions Against Hungary

Because of the new taxes introduced by the Hungarian government, a group of prominent European CEOs call for EU-sanctions.

January 2, 2011

Hungary gives bank tax its blessing

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.

July 22, 2010