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POLITICS

Back in the ring

Thursday 08:50, May 16th, 2013

Former finance minister Lajos Bokros has announced his return to domestic politics and founded a new political party, the Movement for a Modern Hungary (MoMa), with the goal of representing market-friendly liberal values and seeking the votes of the electorate.Read more

Former president's appeal rejected in plagiarism scandal

Thursday 08:05, May 16th, 2013

Former president's Pál Schmitt's appeal has been rejected by a review committee on the plagiarism scandal and the revocation of his doctorate.Read more

Bulgarian parties struggle to form government

Tuesday 12:30, May 14th, 2013

Bulgaria’s centre-right GERB emerged as the winner of national elections on Monday but faced a struggle to form a government, suggesting no early end to the political stalemate that has gripped the European Union’s poorest country.Read more

Orbán orders measures to ensure excessive deficit procedure is lifted

Monday 03:50, May 13th, 2013

Prime Minister Viktor Orbán has asked the economy minister to work out steps to ensure the excessive deficit procedure against the country is lifted, the government spokesman said.Read more

Hungary seeks to boost presence in South America

Monday 02:50, May 13th, 2013

Hungary intends to build its presence in South America and the Caribbean, the state secretary for foreign affairs and external economic relations, told ambassadors.Read more

Economy ministry, banking association agree on topics of talks

Monday 02:20, May 13th, 2013

Concluding a growth pact, dealing with troubled debtors, assuming municipal debts and introducing a more effective credit guarantee system are among the topics Hungary's Economy Ministry and the Banking Association have agreed to discuss, state secretary Gábor Orbán told MTI.Read more

Local mayor aims to scare Roma straight

Monday 12:20, May 13th, 2013

The mayor of southern Hungary’s Cserd has called a somewhat controversial program with the goal of crime prevention.Read more

Australia to close Budapest embassy

Monday 11:20, May 13th, 2013

Australia is closing down its embassy in Budapest under austerity involving its foreign and immigration affairs, the AAP agency reported.Read more

No party wins majority in Bulgaria’s parliamentary election

Monday 09:35, May 13th, 2013

Bulgaria’s center-right party and its main challenger, the Socialists, finished first and second in Sunday’s parliamentary election, with neither one winning a majority needed to form a government, two exit polls indicated.Read more

Orbán sees Hungary’s economy leading the region

Friday 04:55, May 10th, 2013

Prime Minister Viktor Orbán expects Hungary’s economy to expand 1% this year and prior to next year’s general elections be the leading state in the region.Read more

President returns laws on public data, chambers to parliament for reconsideration

Friday 09:55, May 10th, 2013

President János Áder has returned to parliament for reconsideration two recently amended laws, one regulating access to data of public interest and the other easing the rules for conflicts of interest affecting agricultural chamber officials.Read more

Bulgaria vote seen unlikely to deliver government, solve crisis

Friday 09:50, May 10th, 2013

Bulgaria’s two biggest parties look unlikely to win a majority in Sunday’s election and neither looks capable of forming a coalition.Read more

PSzÁF president says authority could work well in merger with central bank

Friday 09:40, May 10th, 2013

The Hungarian Financial Supervisory Authority (PSzÁF) could continue to operate effectively if merged with the National Bank of Hungary (MNB), PSzÁF President Károly Szász said.Read more

Gov’t in talks with banks on how personal bankruptcy could be introduced

Thursday 06:20, May 9th, 2013

Hungary's government is in talks with the Hungarian Banking Association on how personal bankruptcy could be introduced in Hungary without endangering the stability of the banking system, National Economy Ministry state secretary Gábor Orbán said at a conference.Read more