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Hungarian News
Interview With U.S Ambassador Kounalakis To Hungary For M1 TV’s “Az Este” Program PDF Print E-mail
Tuesday, 20 November 2012

M1: 2012 was a long and costly (inaudible) campaign and left somehow the country divided. The balance of power has remained unchanged; the re-elected president has to deal with the Republican congress. The first and biggest challenge of the new Obama administration is to strike a deal with the Republican congress to avoid the fiscal cliff. Do you think it is possible to get a compromise soon?

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International Press Headlines About Hungary's President Schmitt Resigning PDF Print E-mail
Monday, 02 April 2012

"President Pál Schmitt announced his departure at the end of an unscheduled speech in the Hungarian Parliament today. The Associated Press, one of the first to break the story in English, reported Schmitt saying he is stepping down because his "personal issue" is dividing Hungary.

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A Malév újraindításának már nincs sok értelme PDF Print E-mail
Saturday, 25 February 2012
Átmeneti lefaragásokból nem lesz tartós költségvetési egyensúly, de a piac most bízik abban, hogy Brüsszel kikényszeríti a megfelelő lépéseket, ezért van remény a konszolidációra – mondja Oszkó Péter volt pénzügyminiszter.
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You can cross the IMF and the EU, but you can’t cross OTP PDF Print E-mail
Monday, 16 January 2012

Over the holidays origo.hu had a piece about the important role OTP Bank chief executive Sándor Csányi has played in helping the government and local banks come to some kind of agreement over how to fix the country’s monstrous forex debt situation. According to an unnamed source quoted by the website, Csányi, “a personal friend of Orbán,” managed to iron things out when the talks on several occasions were about to run off the rails.

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Foes of Hungary’s Government Fear ‘Demolition of Democracy’ PDF Print E-mail
Saturday, 24 December 2011
BUDAPEST — In less than two years as a member of the Hungarian Parliament, Timea Szabo says she has looked on helplessly as the ruling Fidesz Party has used its two-thirds majority to tighten its grip on the news media and the courts, redraw parliamentary districts in its favor and pack the constitutional court with supporters. On Jan. 1, a new “majoritarian” Constitution written and ratified by Fidesz takes hold.
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