- Hungary's budget deficit will fall to 2.6% of gross domestic product (GDP) next year and inflation is also expected to drop, he said.
- Veres said Hungary's 2008 budget deficit will also be below 3% if adjusted for the impact of pension reform.

Euro Macro sector headlines

• Today 08:42am
  (GE) German Chancellor Merkel: Agrees with Ukraine to send EU monitors- Urges Russia and Ukraine to resume gas talks
  
• Today 07:55am
  (RU) Russian PM Putin: Orders Gazprom to halt gas supplies via Ukraine- Note: Earlier in session - Ukraine's Natfogaz states that Russia has shut off all gas flows to Europe via Ukrainian system
  
• Today 07:39am
  (UR) Ukrainian PM Tymoshenko: Ukraine will guarantee gas deliveries to EU if Russia brings back exports- Note: Earlier in session, Russia said it is willing to resume gas talks with Ukraine with "no more...
  
• Today 07:13am
  (IR) Ireland: Pricing new 5-yr Euro bench mark bond issue due Thursday
  
• Today 07:10am
  RBS analysts note ArcerlorMittal and ThyssenKrupp may make significant asset value write downs in H1 of 2009- Notes TKA may write down €400M in H1 2009 - States that MTP to suffer write downs more...