Brussels, 13/07/2005 (Agence Europe) - The European Commission concluded on Wednesday that the Hungarian authorities have taken effective action regarding the 2005 budget deficit, in line with the new Council recommendations of March this year. But achieving the deficit target of 3.6% of GDP in 2005 may require further action and important and decisive adjustments will be needed to cut it further to 2.9% in 2006. The Hungarian authorities have permanently frozen a set of expenditure and...