EU to give Hungary loan of 6.5 billion euros
|
|
|
| Posted
:
Wed, 29 Oct 2008 08:12:09 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
Business News |
Home
|
|
|
|
Paris - The European Union is extending a loan of 6.5 billion euros (8.25 billion dollars) to Hungary to give the country added liquidity in the face of the economic crisis, French Finance Minister Christine Lagarde said on Wednesday. France currently holds the EU presidency, and Lagarde chairs the council of EU finance ministers. Added to a 12.5-billion-euro loan offered by the International Monetary Fund (IMF) and another 1 billion euros from the World Bank, Hungary has received commitments worth 20 billion euros to help it confront a slowing economy, a growing budget deficit and the plunge of its stocks and currency, the forint.
Copyright DPA
|
|
|
|
|
|
Related News
German business confidence set to rise
Berlin - German business confidence rose for the eighth consecutive month in November, analysts predict a key survey to be released Tuesday will say, as signs emerge that recovery is gaining ground in Europe's biggest economy. In a major test of the ...
Chief executive of German truckmaker MAN quits - Summary
Munich - Hakan Samuelsson, the Swedish-born chief executive of MAN, is unexpectedly stepping down from his post, the German bus- and truckmaking conglomerate said Monday in Munich. It said his immediate departure was at his own wish. Georg Pachta- Re...
International stock market quotations 23 November 2009
Frankfurt - The following index quotations were noted on the world's major stock markets:November 20November 23 Difference...
Frankfurt Stock Exchange quotations 23 November 2009
Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: DAX5,801.48 (+138.33) MDAX 7,370.57 (+220.72) Adidas36.47 (+1.15) Allianz 85.20 (+2.04) BASF41....
GMto present restructuring plan this week - Summary
Brussels - General Motors is to present a restructuring plan for its European subsidiary this week, officials said Monday after holding talks in Brussels aimed at averting a subsidies war between the five European Union countries which host Opel pl...
Chief executive of German truckmaker MAN to quit
Munich - Hakan Samuelsson, the Swedish-born chief executive of MAN, is unexpectedly stepping down from his post, the German bus- and truckmaking conglomerate said Monday in Munich. It said his immediate departure was at his own wish. Georg Pachta-Rey...
Hungarian National Bank lowers base rate from 7 to 6.5 per cent
Budapest - The Hungarian National Bank lowered its benchmark base rate by 50 basis point to 6.5 per cent, the governor Andras Simor told reporters on Monday, after a meeting of the bank's monetary policy council. The central bank issued a statement c...
|
|
|
|
|
|
|
|
