October 2009
Emerging Europe Monitor: Central Europe & Baltic States;Oct2009, Vol. 16 Issue 10, p5
Country Report
The article focuses on the political and economic risk in Hungary. Budapest's budget deficit has been cut to fulfil IMF conditions under emergency Stand-By Arrangement. The official unemployment rate in the country dropped slightly to 9.6% from 9.8% in the previous month. Raiffeisen International Bank-Holding AG has closed 20 of its 161 branches across the Hungary because of economic recession.


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