The Hungarian government's austerity measures are weighing on Magyar Telekom Nyrt. (MTELEKOM.BU), company's chief financial officer said Thursday.

Hungary's No. 1 telecoms company earlier Thursday published worse-than-expected earnings figures, which CFO Thilo Kusch, who is also a member of the company's board, attributed to "difficult business environment" and provisioning related to U.S. investigations.

The Hungarian government is struggling to reach strict budget deficit targets of below 3% of gross domestic product both this year and next, taking all measures amid slowing economic growth.

-By Veronika Gulyas, Dow Jones Newswires; +361-267-0623; veronika.gulyas@dowjones.com

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