Market Report, "the Medical Device Market: Hungary", Published
OVERVIEW OF THE MEDICAL MARKET IN HUNGARY
In 2010, the government fell out with the IMF over plans to cut the budget deficit through a tax on banks, rather than conventional austerity measures. Further tax increases, which were partly directed at the banks, hindered negotiations with the IMF over a Flexible Credit Line agreement and in January 2013 the IMF refused to issue the loan. However, Hungary raised US$3.25bn in February 2013 in its return to the international bond market.
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