2010年7月31日土曜日

Hungarian turmoil

Recently Hungarian new goverment was reported too ironically in world-wide newspaper.
This is because of their management of comment of high-class toward market in some degree.
But they had been improving fiscal conditon and made effort to remain competitiveness
under fiscal austerity.Their export is well owing to cheap forint, and their budget defisit is relatively well despite the diferrent definition of Fidesz.
In banking sector, their symbol bank , OTP bank, operate normally after 08 crisis.
And they have unique idea of Bank Tax. They are now figting with EU and IMF with this banking tax.Everything is not so bad excluding too much comment of goverment.