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Eurozone Will be Good for Hungary, Says Central Bank President.

Europe Intelligence Wire

| January 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hungarian News Agency (MTI))

Budapest, January 1 (MTI) - Joining the eurozone has far more pluses than minuses for Hungary, National Bank of Hungary President Zsigmond Jarai told MTI.

Switching currencies from the forint to the euro could increase the annual growth rate by 0.5-1.0pc, contribute to expanding exports, significantly reduce the costs of transactions by banks and ...

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