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Orban had 'undue advantage' in Hungary vote

Hungary's Prime Minister Viktor Orban had an "undue advantage" as he romped to victory in weekend elections, thanks to amended election rules and one-sided media coverage, international election observers said Monday. In general elections on Sunday, Orban and his centre-right Fidesz party won 44.5 percent of the vote, far ahead of the 26 percent taken by the fractious centre-left alliance.

Hungary's ruling party declares victory based on early results

BUDAPEST (Reuters) - Hungary's ruling Fidesz party will have a majority in the next parliament based on the early results of Sunday's election, Fidesz lawmaker Gergely Gulyas told public television. "On the basis of the differences (between the parties) we can now say for certain that for the first time since the change of regime, a centre-right government will govern for two successive terms," Gulyas said.

Orban strong favourite as Hungary holds elections

Hungarians voted Sunday in elections that looked set to see political bruiser Prime Minister Victor Orban coast to victory after four turbulent years that have seen him labelled both saviour and autocrat. Opinion polls indicated that the only questions were whether Orban, 50, could retain his two-thirds parliamentary majority and if the far-right Jobbik might beat a wobbly centre-left opposition alliance into second place.

From communism to Orban, Hungary at a glance

Hungarians will vote in a general election Sunday, with Prime Minister Viktor Orban expected to romp to victory after a rollercoaster four years that have seen him labelled both despot and saviour. Herewith some key facts about the landlocked central European country, smaller than Greece but bigger than Ireland, bordering seven countries including Austria to the west and Romania and Ukraine to the east.

Orban banks on Hungary's 'fairy tale' economy for re-election

As Hungarian Prime Minister Viktor Orban runs for re-election next weekend he has been trumpeting an economy that appears to be doing rather well -- at first glance. The central European former communist country emerged from recession last year, with output expanding a healthy 1.2 percent and forecast to grow by 2.0 percent in 2014. Unemployment, at 8.9 percent, is at a five-year low while inflation -- in 2012 one of the highest in the European Union -- has slowed to levels not seen for more than four decades.

Hungary buys back Roman 'family silver' for $20 million

By Marton Dunai and Gergely Szakacs BUDAPEST (Reuters) - Hungary unveiled on Wednesday Roman silverware it says was found in the country in the 1970s, smuggled abroad and recently bought back in a deal Prime Minister Viktor Orban said brought home a family treasure. The seven decorated pitchers, platters and bowls were half the original 4th-5th century "Seuso treasure" and cost 15 million euros ($20.67 million) to buy, he said as they were put on display in the parliament building in Budapest.

Hungary cuts base interest rate to record low of 2.85%

Hungary's central bank (MNB) cut its main interest rate on Tuesday to a record low level of 2.85 percent from 3.0 percent. The cut was the 18th in a row in an easing policy begun in August 2012 -- when the rate was 7.0 percent -- but was smaller than in previous months, a midpoint between analyst expectations of a 10 or 20 basis point cut. pmu/hd

Hungary cuts base interest rate to record low 2.85%

Hungary's central bank (MNB) cut its main interest rate Tuesday to a new record low level of 2.85 percent from 3.0 percent. The cut was the 18th in a row in an easing cycle begun in August 2012 -- when the rate was 7.0 percent -- but was smaller than in previous months, a midpoint between analyst expectations of a 10 or 20 basis point cut. pmu/cs/rl

Hungary central bank cuts key interest rate to 3.0%

Hungary's central bank (MNB) cut its main interest rate Tuesday to a new record low level of 3.0 percent from 3.2 percent, in line with analyst expectations. The cut, announced on the bank's website, was the 17th in a row in an easing policy begun in August 2012 when the rate was 7.0 percent. pmu/ssw/ric

Hungary central bank cuts key interest rate to 3.0%

Hungary's central bank (MNB) cut its main interest rate Tuesday to a new record low level of 3.0 percent from 3.2 percent, in line with analyst expectations. The cut, announced on the bank's website, was the 17th in a row in an easing policy begun in August 2012 when the rate was 7.0 percent. The MNB was scheduled to explain its decision in a statement at 1400 GMT.
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