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Viktor Orban

Hungary: Taxes to Be Raised

Shortly before the parliamentary summer recess taxes were raised by the government of Viktor Orban.

June 18, 2013

Orban’s „Derailment“ Causes Indignation in Germany

Hungary’s head of government Viktor Orban seems to love the confrontation. However, with the accusation of Germany using Nazi-methods he overstepped the mark in terms of tact.

May 21, 2013

CEESE: Economic Growth Stagnant

Orban claims Hungary is the country with the highest growth rate in CEE/CESEE next year.

May 10, 2013

Pressure from EU on Orban Increases

EU demands that Hungary withdraws the changes to the constitution.

May 8, 2013

EU Commission to Start Proceedings Against Hungary

On Wednesday, Justice Commissioner Viviane Reding told reporters in Brussels that the EU Commission will probably launch infringement proceedings against Hungary.

April 26, 2013

Hungary: New Political Competition For Orban

Former Finance Minister founds “conservative, pro-European” party.

April 23, 2013

Hungary: MNB Cuts Interest Rate by 0.25 %

The Central Bank of Hungary (MNB) has cut interest rates by a quarter percentage point for the ninth month running.

April 23, 2013

Heated Debate in EP About Hungary

On Wednesday, the European Parliament has lead a heated debate concerning the controversial amendments to the Hungarian constitution.

April 18, 2013

„Unlawful“ Farming in Hungary

The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.

April 16, 2013

Hungary: Increasing Tensions Between Barroso and Orban

President of the EU Commission, Jose Manuel Barroso wrote another letter to Prime Minister Orban warning him of the impacts in case the government will not realize the claimed measures.

April 15, 2013

EU Threatens Hungary With Process

The EU Commission has warned Hunary with a lawsuit in case the government in Budapest should not withdraw the controversial amendmends to the consititution.

April 12, 2013

Hungary: Commissioner Reding’s Reactions to Allegations

EU Justice Commissioner and Deputy President of the EU Commission Viviane Reding has reacted to the accusations of the Hungarian government.

April 10, 2013

Hungary: MNB to Reduce Key Interest Rate

The Hungarian National Bank (MNB) lowered the key interest rate by 25 basis points down to 5.0 %. This is the eighth downgrade in a row.

March 26, 2013

Hungary: In a Debt Crisis Soon?

New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.

March 22, 2013

Hungary: Dissatisfaction Towards Government Grows

Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.

March 18, 2013

Hungary: New Interest Rate Cuts Ahead

Since the beginning of March, Hungary´s National Bank MNB has a new governor. The government wants MNB to lower the base rate further.

March 16, 2013

Spindelegger Criticizes Orban Sharply

Austria´s Vice Chancellor and Foreign Minister Michael Spindelegger wants Hungary to “return to the European legal basis”.

March 16, 2013

Hungary: Orban Rejects Criticisms

After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.

March 15, 2013

Austrian Banks to Stay in Hungary

In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.

March 14, 2013

Orban Wants to Strengthen Hungarian Banks

According to Hungary´s Prime Minister Viktor Orban, the high share of foreign banks is “unhealthy”.

March 13, 2013

Hungary: Constitutional Amendmends Signed By Vast Majority

EU Commission fears that Hungary’s state institutions will have to experience major restrictions.

March 12, 2013

Hungary: Demonstrations in Budapest

Protests against the planned constitutional amendmends took place on Saturday, March 9. US and EU express their concern about the political developments.

March 9, 2013

Hungary: Incoming National Economy Minister Summarizes Targets

Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones

March 7, 2013

Hungary: Expropriation of Foreign Farmers

Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.

March 7, 2013

Hungary: Matolcsy Becomes New Central Bank Governor

Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.

March 1, 2013

Hungary: Government Demonstrates Optimism

Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.

February 23, 2013

Erdogan Met Orban in Budapest

Turkey´s Prime Minister Recep Tayyip Erdogan has met his Hungarian counterpart Viktor Orban in Budapest. Orban praised the success of Turkey´s government.

February 6, 2013

„Hungary Needs Sustainable Reforms“

The IMF underline that the country must restore the confidence of international investors. At the moment, Hungary´s government is not forced to continue the talks with IMF.

February 5, 2013

Orban: „Agreement with IMF Unlikely“

According to Hungary´s Prime Minister Viktor Orban, the IMF tries to put pressure on Hungary.

February 1, 2013

Hungarian Opposition Optimistic to Come to Power in 2014

Hungary´s opposition leader Attila Mesterhazy seems to be convinced that Prime Minister Orban will be replaced in 2014.

January 8, 2013

Hungary: No Mandatory Voter Registration

The Hungarian Constitutional Court rejected the law proposed by the government.

January 5, 2013

Hungary: Dissatisfaction Grows

More than the half of the Hungarians is dissatisfied with the country´s government.

January 3, 2013

CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

December 13, 2012

Hungary: Next Austerity Package Resolved

The Hungarian government is caught between the need to lower the budget deficit and to support economic growth.

November 17, 2012

Hungary: New Threats for Banks

The Hungarian government plans to take over debts from small municipalities. Banks fear that the Hungarian state demands a debt relief.

November 5, 2012

Hungary Does not Exclude to Increase Bank Tax

Prime Minister Orban refers to the pressure coming from Brussels. Hungary must reduce the budget deficit below 3.0% of GDP.

October 20, 2012

Hungary Doubles Financial Transaction Tax

The Hungarian Minister of Economics Gyorgy Matolcsy announced that the financial transaction tax will be increased to 0.2%. Moreover, the bank taxes will not be reduced.

October 17, 2012

Hungary Reaffirms Not to Enter Eurozone

After the meeting with Germany´s Chancellor Angela Merkel, Hungary´s Prime Minister Viktor Orban explained that the euro must offer a perspective again.

October 16, 2012

Hungary Wants Foreign Land Owners to Leave

The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.

October 15, 2012

Orban Blames EU for Austerity Cuts

The Hungarian Prime Minister Viktor Orban explains that Hungary has no other choice but to deepen the austerity cuts.

October 13, 2012

Orban Rejects Joining Eurozone

The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.

October 10, 2012

Hungary: Budget Targets Endangered to Fail

In August, Hungary´s budget deficit has almost reached the full year´s level. Analysts doubt whether Hungary may achieve a 2.5% budget deficit this year.

October 1, 2012

Hungary Prohibits Slot Machines

According to Hungary´s Prime Minister Viktor Orban, the national security would be endangered.

October 1, 2012

IMF-Loan: Orban Demonstrates Optimism

According to Hungary´s Prime Minister Viktor Orban, the negotiations with IMF are proceeding on schedule.

September 18, 2012

Hungary: Difficult Negotiations with IMF

The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.

September 12, 2012

Orban to Visit Germany

In October, Hungary´s Prime Minister will be on an official state visit in Berlin in October.

September 12, 2012

Hungary: Orban Rejects IMF´s Conditions

This week, a list containing IMF´s conditions for a € 15bn loan became public. However, it is not known whether the list is a counterfeit. Not at this price and not in this way.” Hungary´s Prime Minister Viktor Orban said.

September 8, 2012

IMF: List of Demands against Hungary Became Public

The list contains demands of the IMF against Hungary and is the precondition for the safety loan of € 20bn. However, the list could be a counterfeit.

September 7, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012

Orban Underlines Success of Hungarian Crisis Management

Hungary´s Prime Minister Viktor Orban wants to lower the public debt quota further. Hungary´s recession would be due to the weak Eurozone, he says. Orban forgot to mention some details, however.

August 24, 2012
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