The Hungarian government will next week announce the date when Hungary intends to adopt the euro, Finance Minister Tibor Draskovics said on Tuesday
Published:
7 May 2004 y., Friday
The Hungarian government will next week announce the date when Hungary intends to adopt the euro, Finance Minister Tibor Draskovics said on Tuesday.
"The government will announce next week, when it has to send a (euro) convergence report to Brussels, the date for the adoption of the euro," Draskovics told an economic conference in Budapest, quoted by MTI state-run news agency.
Hungary, one of 10 mostly countries that joined the European Union on May 1, earlier said it would like to join the euro zone in 2008.
But after a lacklustre economic year in 2003 that saw the public deficit swell to 5.8% of gross domestic product (GDP), the government appears set to push back the date.
Last week Draskovics said on national television that he believed 2010 would the be ideal date to adopt the euro.
To join the eurozone, a candidate country must limit its public deficit to 3.0% of GDP for at least two years under the ERM-II exchange rate mechanism before adopting the single currency.
Šaltinis:
bday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece.
more »
The offering of shares of the new issue will commence on 03-05-2010.
more »
The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available.
more »
Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy.
more »
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific.
more »
The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid.
more »
At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit.
more »
Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion.
more »
According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million).
more »
European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday.
more »