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Europe Daily Bulletin No. 10709

13 October 2012
ECONOMY - FINANCE - BUSINESS / (ae) hungary
Viktor Orban confident about IMF cash

Brussels, 12/10/2012 (Agence Europe) - On Friday 12 October, Hungarian prime minister Viktor Orban said the country was close to a loan agreement with the IMF. He said on Radio MR1-Kossuth that there was a good chance of getting a loan, and agreement was not far off, with things picking up after the IMF's AGM in Tokyo. Months late, Hungary (one of the most highly indebted countries in Eastern Europe) entered talks in July this year on a loan of some €12 billion-€15 billion. The talks had...

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