Hungary in the news
TGM's view of the Charter and our editor's responseon Feb 09, 2010 via HVG Gaspar Miklos Tamas (TGM) defends the Hungarian Democratic Charter in an e-mail to hvg.hu. He claims an article in last week's issue of HVG attacked the charter unfairly. Below, we publish TGM's article and a response by Richard Hirschler, the editor of hvg.hu.See details
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MDF campaign: a CD, but no manifestos?on Feb 09, 2010 via HVG People are describing the MDF bugging affair as the biggest scandal in Hungary since the regime change, and there have been calls for a parliamentary commission of inquiry to be established to investigate the affair. But it would be a shame if the shock discoveries about the role of the security services were to overshadow the core of this issue: a failed campaign for the presidency of the Hungarian Democratic Forum (MDF), according to Ervin Csizmadia, the director of the Dignity Political Analysis Centre.See details
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The summit of pointlessness?on Feb 09, 2010 via HVG It's easy enough to predict that Ferenc Gyurcsany announce serious spending cuts at Saturday's National Summit, citing the "crisis" as a reason, and it's just as predictable that the opposition will, citing that same crisis, dismiss all his proposals. Meanwhile, followers of both camps will attack each other, a couple of committees may be set up, and then everyone will go home. There will be no consensus.See details
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Laszlo Lengyel: Gyurcsany's virtual worldon Feb 09, 2010 via HVG Ferenc Gyurcsany wanted to save the country long before he knew what was wrong. He was write to withdraw the budget and the new tax laws, though the decision came too late. But from that point on he should have focused on technical decisions, not on making statements. He has called a wholly unnecessary national roundtable, where no work will be carried out and no decisions will be taken. Most of the people who attend will have no economic expertise.See details
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Cuts after the rescue packageon Feb 09, 2010 via HVG Hungary needed a global crisis to commit itself to taking serious steps towards meeting the requirements for euro membership. Under better global economic conditions, this could have been achieved with far fewer sacrifices.See details
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(AFX UK Focus) 2010-02-08 13:23 Hungary cbank ends meeting, rates not discussed (Interactive Investor)on Feb 09, 2010 via YahooNews BUDAPEST, Feb 8 (Reuters) - The National Bank of Hungary's Monetary Council held a meeting on Monday and, as scheduled, it did not discuss interest rates, the bank said in a statement. The Monetary Council will hold its next monthly rate-setting meeting on Feb 22. At its last meeting in January the bank cut its main lending rate by 25 basis points to 6 percent. (Reporting by Gergely Szakacs ...See details
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Hungarian Dry Whites? Forge Ahead (New York Times)on Feb 09, 2010 via YahooNews Best known for lavishly sweet wines, Hungary is also making dry whites again, and some are stunningly delicious.See details
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Hungary Reports First Annual Trade Surplus Since 1990 (Update1) (Bloomberg)on Feb 09, 2010 via YahooNews Feb. 9 (Bloomberg) -- Hungary reported its first annual trade surplus in 2009 since 1990 as the country?s worst recession in 18 years stifled demand for imports and a recovery in western Europe boosted exports.See details
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(AFX UK Focus) 2010-02-08 18:16 INDICATORS - Hungary - Feb 8 (Interactive Investor)on Feb 09, 2010 via YahooNews BUDAPEST, Feb 8 (Reuters) - Hungary's latest indicators:See details
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(AFX UK Focus) 2010-02-09 00:36 Hungary's Richter Q4 net profit drops 2.7 pct (Interactive Investor)on Feb 09, 2010 via YahooNews BUDAPEST, Feb 9 (Reuters) - Hungarian drug maker Richter Gedeon reported on Tuesday a 2.7 percent drop in fourth-quarter net income, but the results beat market expectations due to higher sales and lower expenditures. The company said consolidated fourth-quarter net profit dropped to 13.61 billion forints ($68.10 million) from 13.99 billion a year earlier, beating market expectations for 11.45 ...See details
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(AFX UK Focus) 2010-02-08 14:26 UPDATE 1-Hungary cbank moves to revive forint lending (Interactive Investor)on Feb 09, 2010 via YahooNews BUDAPEST, Feb 8 (Reuters) - Hungary's central bank (NBH) on Monday launched a programme to buy up to 100 billion forints ($500 million) worth of forint-denominated mortgage notes in a bid to give a boost to lending in the recession-hit economy. "The objective of the NBH is to remove obstacles to the autonomous development of the (Hungarian) mortgage note market and through this supporting ...See details
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Toyota recalls 22,000 cars in Hungary (Budapest Business Journal)on Feb 08, 2010 via YahooNews A campaign by Toyota to recall its cars because of accelerator pedal problems could affect a total of 22,000 cars in Hungary, Toyota Motor Hungary communication director Ferenc Som told MTI on Monday.See details
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Hungary Coach Erwin Koeman Looking Forward To Holland Clash (Goal.com)on Feb 08, 2010 via YahooNews Hungary were paired with Holland during Sunday's draw for the Euro 2012 qualifying campaign and Hungary's Dutch coach Erwin Koeman is eagerly anticipating the two games against Oranje.See details
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Hungarian data to be made accessible on European Justice Portal (Budapest Business Journal)on Feb 08, 2010 via YahooNews Hungary's real-estate registry as well as company and bankruptcy data must be made accessible through the European Justice Portal, according to a government decree published in the most recent issue of the official gazette Magyar K?zl?ny.See details
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Romania wins men's team saber Grand Prix in Budapest (China Daily)on Feb 08, 2010 via YahooNews BUDAPEST: Romania won the men's team saber Grand Prix event in Budapest on Sunday after beating Italy 45-42 in a tightly-contested final. Hosts Hungary took the bronze medal after they beat France 45-42 to decide third place. China finished in fifth position.See details
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Hungary Outlook ?Gloomy? on Industry Output Slump, Intesa Says (Bloomberg)on Feb 08, 2010 via YahooNews Feb. 8 (Bloomberg) -- Hungary?s economic outlook is ?gloomy? after a slump in industrial output showed the country is lagging behind regional peers and is vulnerable to any slowdown in western Europe, Intesa Sanpaolo SpA said.See details
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The beginnings of a civil campaignon Feb 07, 2010 via HVG Some 50 Hungarian, Slovak and Slovak-Hungarian intellectuals met in Bratislava on Friday evening. They discussed a kind of campaign whose aim would be to say: "Can't we just behave normally?" What did they conclude?See details
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The golden age is over in the financial sectoron Feb 07, 2010 via HVG Finance players make money both when things are going badly and when they are going well. But the crisis has brought an end to abundant money, and many believe that the golden age will never return. But what is in store for the financial services sector? We spoke with Chris Pickles, in charge of marketing for BT's global investment bank clients, who previously worked on the directive that regulates the EU's financial markets.See details
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Peter Tasnadi: The media says everything's going wrongon Feb 07, 2010 via HVG "When I applied to places, I used to say that I'm not Peter Tasnadi, but not *that* Peter Tasnadi," says the 52-year-old mayor of Pecs when discussing his approach to building relationships.See details
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Pirates to buy government debt?on Feb 07, 2010 via HVG Pirates of the world, unite! Somalia isn't your true haven, and Citigroup isn't the big deal - Hungary is! Hungarian 'pirates' want to buy Hungary, and Hungarian debt. In the midst of a political war, a motion that appears to sanction money laundering as a state activity appears to enjoy five-party support, writes Andras Mozer in his newest editorial.See details
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