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Friday, 9 May 2008

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Hungary country news

Top Stories

New cabinet named after coalition split

Hungarian Prime Minister Ferenc Gyurcsany appointed seven new cabinet ministers on April 28 in a reshuffle prompted by the junior coalition party’s decision to quit... full story

Gyurcsany looks into Finnish experience

Democrats to leave the coalition

Gyurcsany will not quit, for now, at least

Businesses try to enter Albanian market

No news from the Nabucco front

Private investors are being wooed for health insurance

Gyurcsany promises tax and contribution cuts for many

Bill to reform health insurance passed

Calls for Austria to clean up the Raba River

Political

Government to subside BKV mayor to give share in city’s assets

The representative of the Hungarian government Finance Ministry State Secretary Laszlo Keller and the Mayor of Budapest Gabor Demszky agreed that neither state budget nor... full story

Hungary goes to China to boost economic ties

Gyurcsany will not give up his reforms

Political crisis closes room for tax cuts

Visa memorandum signed

Hungarians want it free

Hungarian firms eye Albania

Canada lifts visa regime

An anti-faking body

President doesn’t like healthcare bill, but signs it

more political news...

Business

Graphisoft Park to build IT university in Budapest

The Budapest Municipality assigned to the Hungary’s major real estate developer Graphisoft Park an IT-University project. Graphisoft Park will build a university of informatics on... full story

CB bank hikes rates to three-year high

Telecom regulator takes four bids for digital broadcasting

AAA Auto Group ups sales in five of its markets by 6%

EU investigates tax benefits for Dunaferr steel producer

Schaffner Group moves production to Hungary

Italian luxury furniture maker ArteBrotto comes to Hungary

CCBH completes a 24 Euro mln investment

Egis is to charge in Euro its clients in Eastern Europe

MOL and Exxon Mobil buy into Falcon field

Economic

No progress in transport talks

Transport workers in Budapest decided on April 15 to continue a strike after talks aimed at resolving a dispute over service cuts and job losses... full story

Transport workers to strike again

OTP expects a tough year

OECD calls to stick to economic reforms

Unemployment rate fell to 8% last year

Central bank raises interest rate to 8%

Property market turnover more than doubles in 2007

Budget deficit at HUF 219.5 bln

Economic growth at 1.3%

Central bank wants floating exchange rate to fight inflation

more business news...

more economic news...

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Bylines & Interviews

Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow

Azerbaijan creates alternatives, not competition
interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development

Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”

Towards a reform of the World Trade Organization
By MEP Prof. Dr. Georgios Papastamkos

IMF foresaw US mortgage crisis
By Lorenzo Bini Smaghi, ECB executive board member

IMF should ration loan conditions
By Alex Wilks, Eurodad coordinator, director Brussels office

Triple crisis, few solutions
By Peter Chowla, IMF specialist

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