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Budapest could resume IMF talks after local elections held in October (Photo: www.spotmob.com)

Budapest to restart IMF, EU talks in autumn

The Hungarian economy ministry confirmed on Tuesday (24 August) that Budapest will resume talks with the International Monetary Fund over the country's loan program in the autumn.

"The negotiations will likely continue in the autumn and an agreement will be reached," the economy ministry told Bloomberg in an email statement. Talks between the two sides collapsed in mid-July as a result of serious disagreements over Hungary's attempt to win greater leeway from international lenders in ra...

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Budapest could resume IMF talks after local elections held in October (Photo: www.spotmob.com)

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