Minister of Finance Janos Veres of Hungary

Janos Veres was the son of the stationmaster the Royal Hungarian Railways Company in Kismajtény.

Following an expected drop back next year, Hungary's economy could pick up from 2010 on, Finance Minister Janos Veres told reporters on Wednesday.

Hungary's finance minister said on Thursday that he felt confident that parliament would soon adopt the 2009 national budget otherwise Hungary would suffer serious losses.

The government continues to expect Hungary to meet the requirements for joining the ERM 2 -- the waiting room for the adopting the euro -- in 2009, Finance Minister Janos Veres said at an economic summit on Thursday.

Hungary's government is considering cutting its growth target for 2009 to below zero compared to the 1.

Seeking the support of the International Monetary Fund (IMF) as a contingency measure in the global financial crisis has been a useful step, and negative press reactions will not make investors uncertain, Finance Minister Janos Veres said during a break.

Finance Minister Janos Veres said at a meeting of the National Interest Coordination Council (OET) on Friday morning that according to the government's revised macroeconomic forecast, Hungary's GDP will grow by 1.

Veres says deficit to be cut by further 0.

Hungary's government expects economic growth to stay under 2 percent next year, Finance Minister Janos Veres said after the governing Socialist Party's extraordinary congress on Saturday.

The Finance Ministry is preparing new macro targets for the budget because of the global financial crisis, Finance Minister Janos Veres said at a meeting of the National Interest Coordination Council, a forum for employers, unions and the government, on.

Hungary's government will guarantee all bank deposits over the HUF 6m National Deposit Insurance Fund (OBA) with immediate effect, Finance Minister Janos Veres said on Wednesday.

Though Hungary is in no position to have to debate difficulties caused by the global financial crisis, it would consider the example of proposed US and French bailouts if it had to, Finance Minister Janos Veres said on the sideline.

4pc of GDP, Finance Minister Janos Veres said before presenting the budget to the House Speaker on Monday.

The 2009 budget has been based on conservative planning and will include the same type of buffers or reserves introduced after the fiscal tightening, Finance Minister Janos Veres said after the government discussed the 2009 budget draft on Wednesday.

Reforms carried out by the government in the past two years had much to do with Hungary's nine-spot advance on the World Bank's latest Doing Business ranking, Finance Minister Janos Veres said on Thursday.

Hungary will meet its 2008 deficit target despite the current turmoil on global financial markets, but the country's pickup in growth will likely be less than that foreseen in its convergence plan, Finance Minister Janos Veres said on Thursday.

The integration of local council tax authorities with the national tax office APEH is not on the agenda, Finance Minister Janos Veres said at a conference of tax officials in Balatonfured on Friday.

The government will discuss tax cuts at a cabinet meeting on August 21, Finance Minister János Veres said in an interview published in Monday's issue of the economic daily Világgazdaság.

Finance Minister Janos Veres said at a press conference on Thursday that talks on next year's budget with the ministries have not finished yet, responding to the publication of leaked information about the government's 2009 budget proposal published in several.

The Hungarian government cut the number of staff at central budget-funded institutions by 13,600 in 2006 and 2007, resulting in net savings of HUF 46bn, Finance Minister Janos Veres said at a press conference on Tuesday.

Hungary's government finds proposals by the World Trade Organisation (WTO) to reduce global trade barriers unacceptable in their current form, Finance Minister Janos Veres said at a press conference on Tuesday.

BUDAPEST, Sept 18 (Reuters) - Hungary's economic growth will be higher in 2009 than this year but will fall short of earlier forecasts due to the turmoil gripping global markets, Finance Minister Janos Veres said on Thursday.

A crazy theory perhaps, but just consider this: If this formula remains constant, and Veres is eradicated in January, whoever takes over for him should be out of the job sometime in late spring, which seems almost certain, as this is when the whole government is expected to be put out of its misery.

BUDAPEST) - Hungary will push forward with austerity measures aimed at reining in spending despite a crisis in the coalition government, Finance Minister Janos Veres said here on Thursday.

Finance Minister Jnos Veres said in Brussels on Tuesday evening that Hungary currently has no intention of drawing from the 6.

Veres said that there must be available money-market resources so that Hungary could give up drawings on the European Union loan, which is part of a 20 billion EU-IMF-World Bank support package.

Veres said that the European Commission and officials from Hungary's finance ministry will meet to determine the specific conditions surrounding loan beginning on Wednesday, adding that he expects these negotiations to be concluded in two weeks.

We have taken measures and we will continue to take some measures,' Veres said at a meeting with foreign journalists, acknowledging that so far this year revenue from personal income taxes and value-added taxes fell short of expectations.

Veres said that spending by ministries would be restrained and that it was unlikely the government would have to use a reserve of 150 bln forint (600 mln eur) included in the budget in case the deficit target was overshot.

Veres is also planning the introduction of a simplified tax form early next year.

that changes would have to be made.

Hungary is unlikely to adopt the euro before 2011, Finance Minister Janos Veres said on Wednesday, a day after the government published a new roadmap to join the eurozone.

Veres said that the government would meet the budget deficit target of 4 per cent of gross domestic product this year, despite the agency predicting a higher gap of 4.

However, Veres said that the deficit would continue to fall in line with the euro convergence plan.

var PageContent= ' Budapest - Hungary, one of Europe\'s hardest-hit nations in the global financial crisis, could begin talks aimed at adopting the euro as early as 2009, Finance Minister Janos Veres said Thursday.

Europe's Exchange Rate Mechanism, known as ERM-II.

euro as early as 2009, Finance Minister Janos Veres said Thursday.

BUDAPEST --Hungary's minority government will submit the 2009 tax plan to Parliament Friday with a few minor changes, and independently from the tax package it will propose a special tax on energy companies, Finance Minister Janos Veres said Friday.

The tax package will lower the overall tax burden by around 205 billion forints, and two-thirds of the loss in the budget's tax revenue will be covered by spending cuts, Veres said at a press conference.

Budapest - Hungary, one of Europe's hardest-hit nations in the global financial crisis, could begin talks aimed at adopting the euro as early as 2009, Finance Minister Janos Veres said Thursday.

Veres said he was envisaging negotiations for Hungary to join Europe's Exchange Rate Mechanism, known as ERM-II.

Speaking at a conference in Budapest, Veres said Hungary will start drawing on 20 billion euros in emergency credit lines offered by the International Monetary Fund, the European Union and the World Bank.

var RTR_ArticleBlurb = " BUDAPEST, Sept 19 (Reuters) - Hungary's government plans to impose an eight percent tax on the profits of energy companies for two years from 2009, Finance Minister Janos Veres said on Friday.

The government has called a tender for a HUF 50 billion stretch of the M3 motorway in NE Hungary, Finance Minister Jnos Veres said on Friday.

Janos Veres received his MSc from the Faculty of Electrophysics at Lviv Technical University, USSR in 1990 and earned his PhD from Imperial College, London on electronic transport in disordered materials in 1994.

János Veres was born at the beginning of the past century, in 1903, in Hungary, Kismajtény, where his father was the stationmaster of the Royal Hungarian Railways Company.

Veres was working at different medical departments.

var RTR_ArticleBlurb = " BUDAPEST, Nov 7 (Reuters) - Hungary's government signed a deal with nine commercial banks to ease the exchange rate risks of borrowers who took out loans in foreign currency and now face an increased risk, Finance Minister Janos Veres said on.

an increased risk, Finance Minister Janos Veres said on Friday.

However, Veres said that preliminary calculations showed the 2006 deficit would actually come in at 9.

Veres said that smaller interest expenses, higher tax revenues and higher pension payments had all played a part in allowing the target to be cut.

deficit would actually come in at 9.

Finance Minister Janos Veres said the government's latest economic forecast had taken into account possible worst-case-scenarios.