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Silobreaker: Hungary's Simor Urges Cut In Social Spending To Bo... 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Friday, 25 April 2008 09:03 — Getting started with Silobreaker Page 1 of 7 | Previous Page | Next Page 04/01/2008 - FXstreet.com Hungary's Simor Urges Cut In Social Spending To Boost GrowthBUDAPEST (Dow Jones)--Hungary should significantly trim social spending if the country's dismal economic growth is to recover, National Bank of Hungary Governor Andras Simor said in a radio interview Monday. 'We (at the bank) don't see how economic growth can revive in the current structure,' Simor said on private radio station Klub Radio. The central banker noted that Hungary's social spending amounts to about 8% of cross domestic product compared to around 4%-5% of... READ FULL ARTICLE What others report on the same story Related Stories 9 documents First reported 15В hoursВ ago - Updated 10В hoursВ ago Kraft sells Spanish biscuit, Hungarian chocolate businesses Food maker Kraft Foods Inc. said Thursday it agreed to sell its Artiach biscuits business in Spain and its Balaton chocolate trademark in Hungary for undisclosed terms.Panrico, a private equity firm, will buy the biscuit business, and food company Nestle ... [10 hours ago - Business Week] Entities: kraft paper, Kraft Foods Incorporated, Trademark 2 documents First reported 53В minsВ ago - Updated 43В minsВ ago Ascent Resources abandons exploration well in Szolnok, Hungary UPDATE LONDON (Thomson Financial) - Ascent Resources PLC said it has abandoned TIK-1, one of two exploration wells in Szolnok, central Hungary, in which it has a 27.5 percent interest.The AIM-traded oil and gas exploration and production company said the well, ... [43 mins ago - Interactive Investor International] Entities: Szolnok (Hungary), Toreador Resources Corporation, Methane, Littoral Zone 3 documents First reported 19В hoursВ ago - Updated 9В hoursВ ago Erwin Koeman handed Hungary reins The Hungarian Football Association announced on Thursday that it has appointed former Netherlands midfielder Erwin Koeman as national coach.The 46-year-old, who will take up the job on 1 May, replaces Peter Varhidi, who took over in December 2006 and ... [9 hours ago - FIFA.com] Entities: Ronald Koeman, Ferenc Puskas, Fédération Internationale de Football Association, Budapest 2 documents First reported 04/24/2008 - Updated 1В hourВ ago Hungary: FinMin sees end of excessive deficit procedure in 2009 The Finance Ministry expects Hungarys economy to start improving from 2008 and especially from 2009, when it sees Brussels dropping its excessive deficit procedure against the country, the ministry said on Thursday in a statement on the governments convergence ... [1 hour ago - Budapest Business Journal] Entities: Convergence, Brussels 3 documents First reported 04/23/2008 - Updated 04/23/2008 Hungary's MOL approves 85 bln forint dividend payout - MTI agency WARSAW (Thomson Financial) - Shareholders of Hungarian oil and gas company MOL has approved the payment of an 85 billion forint dividend on last year's net profit, reported at 217 billion forints, local agency MTI reported after an annual general meeting ... [04/23/2008 - Forbes.com] Entities: Dividend, Warsaw 5 documents First reported 04/23/2008 - Updated 19В hoursВ ago OMV has no plans to end pursuit of Hungary's MOL or sell shareholding - CEO VIENNA (Thomson Financial) - OMV AG will continue to pursue a merger with MOL Nyrt and has no plans to lower its shareholding in its Hungarian peer, OMV's chief executive said a day after the Austrian oil and gas group failed to push through its resolutions ... [19 hours ago - Sharewatch] Entities: OMV AG, Dividend, Merger, Refinery, Budapest 2 documents First reported 20В hoursВ ago - Updated 14В hoursВ ago Some 268 vehicles to race in Central European rally Altogether 268 vehicles will be racing at the Central European Rally hosted by Hungary and Romania between April 20 and 26, the organiser told a press conference in Budapest on Monday. The rally will be the first in a series of off-road races organised ... [14 hours ago - Budapest Times] Entities: Dakar, Budapest, Baia Mare (Romania) 2 documents First reported 04/24/2008 - Updated 23В hoursВ ago BROKERWATCH Hungary's Gedeon Richter raised to 'buy' from 'hold' at UBS WARSAW (Thomson Financial) - UBS has raised its recommendation for Hungarian generic drug maker Gedeon Richter to 'buy' from 'hold', saying the company's less favourable growth outlook has already been priced in its stock price.UBS also cut its target ... [23 hours ago - Sharewatch] Entities: Gedeon Richter, UBS AG, Share Price 9 documents First reported 15В hoursВ ago - Updated 10В hoursВ ago Kraft sells Spanish biscuit, Hungarian chocolate businesses Food maker Kraft Foods Inc. said Thursday it agreed to sell its Artiach biscuits business in Spain and its Balaton chocolate trademark in Hungary for undisclosed terms.Panrico, a private equity firm, will buy the biscuit business, and food company Nestle ... [10 hours ago - Business Week] Entities: kraft paper, Kraft Foods Incorporated, Trademark 2 documents First reported 53В minsВ ago - Updated 43В minsВ ago Ascent Resources abandons exploration well in Szolnok, Hungary UPDATE LONDON (Thomson Financial) - Ascent Resources PLC said it has abandoned TIK-1, one of two exploration wells in Szolnok, central Hungary, in which it has a 27.5 percent interest.The AIM-traded oil and gas exploration and production company said the well, ... [43 mins ago - Interactive Investor International] Entities: Szolnok (Hungary), Toreador Resources Corporation, Methane, Littoral Zone 3 documents First reported 19В hoursВ ago - Updated 9В hoursВ ago Erwin Koeman handed Hungary reins The Hungarian Football Association announced on Thursday that it has appointed former Netherlands midfielder Erwin Koeman as national coach.The 46-year-old, who will take up the job on 1 May, replaces Peter Varhidi, who took over in December 2006 and ... [9 hours ago - FIFA.com] Entities: Ronald Koeman, Ferenc Puskas, Fédération Internationale de Football Association, Budapest 2 documents First reported 04/24/2008 - Updated 1В hourВ ago Hungary: FinMin sees end of excessive deficit procedure in 2009 The Finance Ministry expects Hungarys economy to start improving from 2008 and especially from 2009, when it sees Brussels dropping its excessive deficit procedure against the country, the ministry said on Thursday in a statement on the governments convergence ... [1 hour ago - Budapest Business Journal] Entities: Convergence, Brussels In Focus Rate Hike, Taxes Budapest Hungary Network HotSpots Trends Copyright (C) 2008 Silobreaker Ltd. All rights reserved. Terms of Use. Privacy Policy. Feedback on Silobreaker Please send us your thoughts about Silobreaker. E-Mail: (Not required. 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