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Gergely Szakacs

UPDATE 2-Hungarian central bank keeps rates on hold, despite rising inflation

16 Oct 2018

* Some market players question sustainability of loose policy

UPDATE 3-Hungary scraps state support for home savings bank deposits

16 Oct 2018

* Lawmaker says companies earned "extra profits" on scheme (Updates with law passed)

Hungary sentences Syrian migrant to five years' jail for border riot

20 Sep 2018

SZEGED, Hungary A Hungarian court sentenced a Syrian-Cypriot man to five years in prison on Thursday for crossing the border as part of a riot during the migrant crisis, in a case that has drawn criticism from the European Parliament and Amnesty International.

UPDATE 2-Hungary's central bank tweaks its tools, flags "gradual policy normalisation"

18 Sep 2018

BUDAPEST, Sept 18 Hungary's central bank left its interest rates unchanged at record lows on Tuesday but tweaked its policy tools, saying it was preparing for a future "gradual and cautious" normalisation of its loose monetary policy.

Zombies no more: Lending revival opens new chapter for Hungary's banks

17 May 2018

BUDAPEST After almost a decade in the doldrums, Hungary's banks look set for years of lending growth that could help Prime Minister Viktor Orban's efforts to keep the economy growing at a rate of 4 percent.

Hungary plans fiscal stimulus, sees no Polish-style conflict

08 May 2018

BUDAPEST Hungary's government is planning new fiscal stimulus measures to keep economic growth above 4 percent, a senior aide told Reuters late on Monday, ruling out a Polish-style conflict with European Union authorities over the rule of law.

Hungary PM Orban vows tougher laws on migration, names new deputy PMs

04 May 2018

BUDAPEST After an election victory built on a fierce anti-migrant campaign, Hungarian Prime Minister Viktor Orban on Friday said his new government would soon bring forward tighter immigration rules.

Hungary rejects 'blackmail' over EU funds

03 May 2018

BUDAPEST Hungary responded angrily on Thursday after the European Commission proposed cutting development funds to countries deemed to have undermined the rule of law, saying it would not yield to "blackmail".

Hungary central bank relaxed about inflation, unlikely to act before ECB

25 Apr 2018

BUDAPEST Hungary's central bank is relaxed about domestic inflation trends and is unlikely to start tightening up its easy monetary policy before the European Central Bank begins raising rates in 2019, Deputy Governor Marton Nagy told Reuters on Wednesday.

Tens of thousands of Hungarians protest against Orban landslide

14 Apr 2018

BUDAPEST Tens of thousands of Hungarians protested in Budapest on Saturday against what organisers said was an unfair election system that gave Prime Minister Viktor Orban a landslide victory at the polls after a "hate campaign" against immigrants.

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