Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2012-03-01/hungary-orban-sees-eu-fund-freeze-resolved-soon-mti-reports

Bloomberg News

Hungary Orban Sees EU Fund Freeze Resolved ‘Soon,’ MTI Reports

March 01, 2012

Hungary expects a European Union proposal to freeze the payment of development funds to be “taken off the agenda soon” as the issue is of a “technical nature” and will be “resolved,” state news service MTI said, citing Prime Minister Viktor Orban.

The European Commission proposed the suspension of infrastructure-development funds after Hungary failed to reduce its excessive budget deficit in a sustainable manner, MTI said. Orban previously called the proposal “completely irrational,” according to the news service.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus