Viktor Orbán http://www.globalpost.com/taxonomy/term/30440/all en Hungary's Matolcsy tipped as new cbank governor -media http://www.globalpost.com/dispatch/news/thomson-reuters/130205/hungarys-matolcsy-tipped-new-cbank-governor-media <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Economy Minister Matolcsy is ally of PM Orban</p> <p>* PM's spokesman not immediately avalailable for comment</p> <p>* Orban expected to announce his candidate in early March</p> <p>BUDAPEST, Feb 5 (Reuters) - Hungarian Economy Minister Gyorgy Matolcsy could take over at the central bank after outgoing Governor Andras Simor's six-year term expires in March, business daily Vilaggazdasag reported on its website on Tuesday, citing an unnamed source.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/hungarys-matolcsy-tipped-new-cbank-governor-media" target="_blank">read more</a></p> Economy of Hungary György Matolcsy Politics Technology Viktor Orbán Thomson Reuters Tue, 05 Feb 2013 22:15:24 +0000 5746939 at http://www.globalpost.com UPDATE 1-Hungary govt party denies report on cen bank governor http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-hungary-govt-party-denies-report-cen-bank-governor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Econ Minister Matolcsy could become cen bank governor -media</p> <p>* Ruling party spokesman says report false</p> <p>* PM Orban expected to announce his candidate in early March (Updates with ruling party denial)</p> <p>BUDAPEST, Feb 6 (Reuters) - Hungary's ruling Fidesz party denied a media report on Tuesday that said Economy Minister Gyorgy Matolcsy could take over at the central bank after outgoing Governor Andras Simor's six-year term expires in March.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-hungary-govt-party-denies-report-cen-bank-governor" target="_blank">read more</a></p> György Matolcsy Politics of Hungary Technology Viktor Orbán Thomson Reuters Wed, 06 Feb 2013 00:00:45 +0000 5747020 at http://www.globalpost.com The AFP news calendar http://www.globalpost.com/dispatch/news/afp/130208/the-afp-news-calendar <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Monday, February 11 to Sunday, March 10</p> <p>Monday, February 11</p> <p>BANGKOK: Thailand, US to hold annual military drills with Myanmar observing for the first time (to 21)</p> <p>BRUSSELS: Eurozone finance ministers meet</p> <p>CAIRO: Egypt marks two years since president Hosni Mubarak's ouster following a street uprising</p> <p>GEORGETOWN, Malaysia: South Korean rapper Psy to perform his "Gangnam Style" at the ruling coalition's Chinese New Year party ahead of polls</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/the-afp-news-calendar" target="_blank">read more</a></p> Business Disaster Government Hospitality Hungarian people Law Politics Social Issues Technology Viktor Orbán War AFP Fri, 08 Feb 2013 05:01:33 +0000 5749655 at http://www.globalpost.com Hungary returns to bond market after IMF talks stall http://www.globalpost.com/dispatch/news/afp/130213/hungary-returns-bond-market-after-imf-talks-stall <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary borrowed $3.25 billion (2.41 billion euros) in a return to the bond market late on Tuesday after almost two years.</p> <p>In Hungary's first bond sale since May 2011 and the recent breakdown in its talks with the International Monetary Fund, Hungary sold $1.25 billion of 5-year bonds at 335 basis points (3.35 percentage points) over the corresponding US Treasury yields.</p> <p>It also raised $2 billion with 10-year notes at 345 basis points over the benchmark, Laszlo Andras Borbely deputy head of the government debt management agency AKK, said on Wednesday. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/hungary-returns-bond-market-after-imf-talks-stall" target="_blank">read more</a></p> Economics International relations Politics Viktor Orbán AFP Wed, 13 Feb 2013 10:16:44 +0000 5754194 at http://www.globalpost.com UPDATE 2-Hungary PM sets out stall for 2014 vote http://www.globalpost.com/dispatch/news/thomson-reuters/130222/update-1-hungary-pm-pledges-low-deficit-sets-stage-election <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* To help "everyone" get rid of foreign currency debts -PM</p> <p>* Will keep budget gap below 3 pct/GDP, despite EU fcast -Orban</p> <p>* Hungary issued dollar bond earlier this month, first since 2011</p> <p>* PM Orban draws battle lines with opposition Socialists (Adds more comments, details, background)</p> <p>By Krisztina Than and Marton Dunai</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130222/update-1-hungary-pm-pledges-low-deficit-sets-stage-election" target="_blank">read more</a></p> Entertainment Europe Government Social Issues Viktor Orbán Thomson Reuters Fri, 22 Feb 2013 16:00:39 +0000 5763449 at http://www.globalpost.com Hungary central bank cuts base rate to 5.25% http://www.globalpost.com/dispatch/news/afp/130226/hungary-central-bank-cuts-base-rate-525-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary's central bank (MNB) announced Tuesday a cut in its main interest rate by a quarter of a percentage point to 5.25 percent, the seventh consecutive monthly cut and a move widely forecast by analysts.</p> <p>"The Monetary Council has decided to reduce the base rate by 25 basis points to 5.25 percent," the MNB said in a statement on its website.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/hungary-central-bank-cuts-base-rate-525-0" target="_blank">read more</a></p> András Simor Technology Viktor Orbán AFP Tue, 26 Feb 2013 14:30:40 +0000 5767017 at http://www.globalpost.com Orban ally named as head of Hungary's central bank http://www.globalpost.com/dispatch/news/afp/130301/orban-ally-named-head-hungarys-central-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary's Prime Minister Viktor Orban on Friday named a close ally, current Economy Minister Gyorgy Matolcsy, as the new head of the country's central bank.</p> <p>Matolcsy is seen as something of an economic maverick behind many of the government's more "unorthodox" policies like nationalising private pension funds and imposing "crisis taxes" on certain sectors.</p> <p>Investors worry that the new bank head will focus too much on getting Hungary out of recession and not enough on battling inflation.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/orban-ally-named-head-hungarys-central-bank" target="_blank">read more</a></p> Europe Government Viktor Orbán AFP Fri, 01 Mar 2013 08:30:53 +0000 5770606 at http://www.globalpost.com Orban ally named as head of Hungary's central bank http://www.globalpost.com/dispatch/news/afp/130301/orban-ally-named-head-hungarys-central-bank-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary's Prime Minister Viktor Orban on Friday named a close ally, Economy Minister Gyorgy Matolcsy, as the new head of the country's central bank (MNB). </p> <p>"The new president of the central bank will be heard in parliament this afternoon: it is Gyorgy Matolcsy," Orban announced in his weekly interview on state MR1 radio. </p> <p>The 57-year-old economy minister will replace Andras Simor, whose mandate ends on Saturday and whose six-year-term was marked by frequent clashes with Orban's government over state interference in monetary policy and the bank's independence.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/orban-ally-named-head-hungarys-central-bank-0" target="_blank">read more</a></p> Europe Government Technology Viktor Orbán Viktor Orban AFP Fri, 01 Mar 2013 09:16:03 +0000 5770635 at http://www.globalpost.com Hungary opposition radio station wins new legal battle http://www.globalpost.com/dispatch/news/afp/130305/hungary-opposition-radio-station-wins-new-legal-battle <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary's opposition station Klubradio had a fresh legal victory on Tuesday after a court overruled a new attempt by the government-friendly media authority to block it.</p> <p>"The Labour and Public Administration Tribunal threw out the decision of the Media Council which invalidated Klubradio's frequency application on technical grounds," the radio station's director, Andras Arato, told journalists.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130305/hungary-opposition-radio-station-wins-new-legal-battle" target="_blank">read more</a></p> Viktor Orbán AFP Tue, 05 Mar 2013 14:46:04 +0000 5773919 at http://www.globalpost.com New Hungary central bank head moves fast to extend power http://www.globalpost.com/dispatch/news/afp/130305/new-hungary-central-bank-head-moves-fast-extend-power <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The new head of Hungary's central bank (MNB), an ally of Prime Minister Viktor Orban, has moved quickly to increase his powers, according to changes to the bank's statutes published on the bank's official website Tuesday. </p> <p>Orban's appointment of Gyorgy Matolcsy as governor last week was widely seen as a government takeover of the bank.</p> <p>Matolcsy's predecessor Andras Simor, whose six-year term expired March 2, often clashed with Orban's right-wing government over state interference in monetary policy and the bank's independence.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130305/new-hungary-central-bank-head-moves-fast-extend-power" target="_blank">read more</a></p> András Simor Bankers Business Labor Law Technology Viktor Orbán AFP Tue, 05 Mar 2013 18:01:20 +0000 5774119 at http://www.globalpost.com Hungary PM says gas firms' court case win on price cuts "scandalous" http://www.globalpost.com/dispatch/news/thomson-reuters/130311/hungary-pm-says-gas-firms-court-case-win-price-cuts-scandalous <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BUDAPEST, March 11 (Reuters) - Energy companies in Hungary have won a court case against the government over state-imposed natural gas price cuts, Prime Minister Viktor Orban told parliament on Monday, calling it a "scandalous" legal decision.</p> <p>"On behalf of the government I must say that the decision of the court is scandalous," Orban said. He said the government would not accept the decision and would submit a new proposal to parliament for even bigger price cuts.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130311/hungary-pm-says-gas-firms-court-case-win-price-cuts-scandalous" target="_blank">read more</a></p> Politics Viktor Orbán Thomson Reuters Mon, 11 Mar 2013 13:01:01 +0000 5779628 at http://www.globalpost.com EU warns Hungary over constitution vote http://www.globalpost.com/dispatch/news/afp/130311/eu-warns-hungary-over-constitution-vote <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Commission warned Hungary to live up to democratic norms just hours before the country votes Monday on controversial constitutional changes which critics say could undercut essential freedoms.</p> <p>Spokeswoman Pia Ahrenkilde Hansen said Commission president Jose Manuel Barroso had talked with Hungarian Prime Minister Viktor Orban on Friday and had been reassured that Budapest remained committed to EU rules.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/eu-warns-hungary-over-constitution-vote" target="_blank">read more</a></p> Europe Government Viktor Orbán AFP Mon, 11 Mar 2013 14:01:05 +0000 5779714 at http://www.globalpost.com Hungary opposition party boycotts constitution vote http://www.globalpost.com/dispatch/news/afp/130311/hungary-opposition-party-boycotts-constitution-vote <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The leader of Hungary's main opposition party said it would boycott a vote Monday on controversial changes to the constitution that have raised deep concerns in Brussels and Washington.</p> <p>The announcement by the Socialists is however largely symbolic because the right-wing government of Prime Minister Viktor Orban has a two-thirds majority in parliament.</p> <p>Just hours before the vote, the European Commission warned Hungary to live up to democratic norms and said it would act to ensure EU laws are complied with by member states.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/hungary-opposition-party-boycotts-constitution-vote" target="_blank">read more</a></p> Fidesz Government Social Issues Viktor Orbán AFP Mon, 11 Mar 2013 15:16:51 +0000 5779791 at http://www.globalpost.com Hungary constitution vote raises concerns over rule of law: EU http://www.globalpost.com/dispatch/news/afp/130311/hungary-constitution-vote-raises-concerns-over-rule-law-eu-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A vote Monday by Hungary's parliament to approve controversial constitutional changes raises concerns over the rule of law and European democratic standards, the European Commission and the Council of Europe said.</p> <p>"These amendments raise concerns with respect to the principle of the rule of law, EU law and Council of Europe standards," a joint statement said after parliament in Budapest passed amendments to curb the powers of the constitutional court and reintroduce measures rendered void by the court in recent months.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/hungary-constitution-vote-raises-concerns-over-rule-law-eu-0" target="_blank">read more</a></p> European Union Politics of Europe Social Issues Viktor Orbán AFP Mon, 11 Mar 2013 18:00:47 +0000 5779968 at http://www.globalpost.com Deaf to critics, Orban changes Hungary's constitution http://www.globalpost.com/dispatch/news/afp/130311/deaf-critics-orban-changes-hungarys-constitution <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary's parliament on Monday stoked concerns about creeping authoritarianism in the European Union member state by altering the constitution for the fourth time since Prime Minister Viktor Orban won power in 2010.</p> <p>The changes, which sparked concerns in Brussels and Washington and provoked protests in Budapest, curb the powers of Hungary's top court and reintroduce controversial measures its judges rendered void in recent months.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/deaf-critics-orban-changes-hungarys-constitution" target="_blank">read more</a></p> Government Politics of Hungary Social Issues Viktor Orbán War AFP Mon, 11 Mar 2013 18:47:25 +0000 5780017 at http://www.globalpost.com