Hungary
Central Europe cannot afford to delay the euro
According to this article published by the Financial Times on Monday 9 October, the main reason for stalling central European economies is the reluctance by several governments to embrace monetary union as quickly as possible.
Jarai says Hungarian forint vulnerable
"The forint is one of the most vulnerable currencies in the world," Hungary's central bank governor, Zsigmond Jarai said Wednesday 27 September at a conference hosted by the German-Hungarian chamber of commerce.
IMF paper on currency volatility trends
The IMF Working Paper "Common volatility trends in the Central and Eastern European currencies and the euro" asks how much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone.
Hungary raises interest rates
The Hungarian central bank surprised markets with a half-point rate hike on Monday.
Slovakia pledges 2009 for euro adoption
In an interview with the Financial Times, Slovakia's finance minister Jan Pociatek said, "It is my personal responsibility to follow the euro commitment," allaying fears that the new leftist government might delay the adoption of the single currency.
Jarai sees euro entry hopes unlucky before 2013
Hungary's central bank (NBH) governor Zsigmond Jarai said on Tuesday 1 August that Hungary's economy was not on the right track and that it has become questionable whether euro adoption could be possible even in 2013.
FT calls Hungary 'sick man of Europe'
"Although no country covets the title of 'sick man of Europe', there are several contenders for it. The frontrunner, though, is Hungary," the Financial Times Lex column said on Monday 17 July, in a piece that was picked up by various media.
Comment: Left out in the cold
While Slovenia celebrates its imminent entry to the eurozone, the Baltic aspirants can feel more than a little peeved by Brussels' handling of their efforts to join the club.
Europe suffers worrying wave of financial chaos
According to this article published Wednesday 5 July by Bloomberg, Europe is increasingly encircled by financial woes. Emerging markets are being hit by a wave of selling, sending currencies falling and interest rates jumping.
National Bank of Hungary - Annual Report 2005
According to the National Bank of Hungary's Annual Report 2005, 2005 was a successful year for the Magyar Nemzeti Bank, both in terms of performing its core duties laid down by law and achieving its organisational objectives.
EU confirms Slovenia's 2007 euro entry
EU leaders ended their spring summit Friday 16 June by welcoming Slovenia as the 13th member of the euro single currency.
Comment: Eastern European tightrope
Amidst renewed inflation fears in the developed world and the prospects of further interest rate hikes there, a number of central banks in Eastern Europe and the Baltics will be silently grateful for a little bit of latitude. But with question marks…
Paper on monetary policy and asset prices
The University of Warwick Research Paper "Monetary policy and asset prices : What role for central banks in new EU member states?" deals with the relationship between monetary policy and asset prices.
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Suranyi mentioned as next NBH governor
According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.
Hungary's Jarai calls budget 'undisciplined'
Hungary's central bank governor launched a strongly worded attack on the budgetary management of Hungary's socialist prime minister, Ferenc Gyurcsany on Thursday 11 May.
Comment: Exposed currencies cause jitters
The Central Bank of Iceland raised interest rates by 75 basis points last week. The central bank is concerned over the possibility of further declines in the Icelandic krona, which has fallen 12% against the US dollar this year.
Jarai says Fitch downgrade will raise rates
Hungary's central bank governor Zsigmond Jarai said on Wednesday that Hungary's downgrading by ratings agency Fitch on Tuesday6 December would increase risk premiums but would not affect the economy in the short term.
EU: Hungary may still join euro by 2010
Hungary can still make its 2010 target date to join the euro currency if it takes tough action to manage its economy over the next three years, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said Friday 18 November.
Comment: The ECB clarifies collateral policy
President Jean-Claude Trichet's clarification yesterday that the ECB would only accept sovereign debt with a rating of A- or higher as collateral for loans to commercial banks, is likely to have policymakers in Italy and Greece and a number of eurozone…
Hungary's PM says euro date needs more thinking
Hungarian Prime Minister Ferenc Gyurcsany said Tuesday 11 October that adopting the euro in 2010 needs more consideration because of the social implications of the budget spending reductions the move would require.
Hungary's Jarai warns deficit moving wrong way
Hungarian central bank governor Zsigmond Jarai warned in an interview on Monday 10 October that the country's budget deficit is moving in the wrong direction for euro membership.
Hungary central bank row could trigger sell-off
Souring relations between the Hungarian government and the country's central bank could unnerve investors and trigger some sell-off in Hungarian assets such as bonds and stocks, according to a report issued by Dresdner Kleinwort Wasserstein cited by MTI…
Jarai says euro target date 'hopeless' for Hungary
Hungary's "macroeconomic developments do not appear to be improving, especially in terms of the public sector", Hungary's central bank Governor Zsigmond Jarai told a press conference on Monday 19 September.