freelogoOur objective is to provide English speaking readers interested in Hungary with a well balanced view of political activities in Hungary by featuring contents from various printed and online sources together with our own commentaries. We are convinced that Hungary is built on all sorts of different ideas, thoughts and opinions and, despite of the new Media Law, our aim is to provide an alternative and reliable source of information – contrary to the one-sided press of the government – for those who want to hear the voice of a free Hungary.

This is what they say – Hungary in the international press

Hungary and the IMF: not so fastLove him or hate him – and there are plenty of Magyars in both camps – you simply can’t deny Viktor Orbán has chutzpah. Eighteen months ago he was telling the International Monetary Fund to get lost – and let Hungary and its newly elected centre-right government get on with their own, unique brand of economic policy, designed to promote growth and well-being for the nation. A fortnight ago he was inviting them back for talks (well, it was announced via the ministry of economy’s website, but we all know who sanctioned that). And on Friday morning he was on Kossuth Radio, the state-owned broadcaster, confident that Hungary could reach agreement with the IMF “within a day.” “As soon as we reach our goals, we can agree,” he said. (…) Unfortunately for Orbán, “his real problem is that neither the IMF nor the EU trusts him,” says Róna.
http://blogs.ft.com/beyond-brics/2011/12/02/hungary-and-the-imf-not-so-fast/#axzz1fUmrS2yn
Press Freedom a Loser in Viktor Orbán’s Winner-Take-All HungaryLast week I joined a delegation of leading freedom of expression organizations  in Hungary to assess the impact of much criticized media legislation that went into effect in January. Discussions with dozens of journalists, media officials, regulation authorities, and government representatives validated the serious concerns expressed by international press freedom experts since the law was passed last December. The new media legislation has many troubling features. Not only does the legislation put in place a new regulatory structure with excessively broad authority and questionable independence, it also provides limited possibilities for judicial review of the decisions made by that body, which has the ability to issue or suspend licenses, monitor media content, and issue fines and levies in cases of content violationshttp://blog.freedomhouse.org/weblog/2011/12/press-freedom-a-loser-in-viktor-orb%C3%A1ns-winner-take-all-hungary.html
Hungary outlaws homeless in move condemned by charitiesA new legal regulation has come into force in Hungary making homelessness punishable by a fine of around $600 (£384) or prison.  MPs from the ruling conservative party proposed the regulation, on the grounds that Budapest could not cope with the large number of people on the streets. Critics, including charities for the homeless, say it is unenforceable and that hostels lack sufficient places. The Hungarian capital is said to have some 10,000 homeless people. According to an amendment to the local government act, passed by a strong majority in parliament last month, those found sleeping on the streets will first receive a warning. They can subsequently be imprisoned or ordered to pay the fine. 'Stretched to the limits' http://www.bbc.co.uk/news/world-europe-15982882
Where’s György?Hungarians  are rightly proud of their warrior heritage. Magyar fighters have gone selflessly into battle against their oppressors, taking on the Austrian army in 1848 or the Soviets in 1956. Both were military disasters for Hungary, but nobody can deny the soldiers’ courage. Now Hungary is once again at war, says György Matolcsy, the economy minister. This time the fight is for economic freedom, against bankers, speculators and the greatest enemy of all: the International Monetary Fund. Most observers believe that Hungary needs a deal with the IMF: bond yields have soared to a two-year high, Moody’s has downgraded the government’s debt to junk status, the forint has lost 15% of its value in the last three months and the central bank has been forced to increase interest rates to 6.5%. But Mr Matolcsy thinks differently. Last month, asked about the government’s relationship with the IMF, he said: We cannot attune [economic policy] to the IMF as they deeply object to all Hungarian decisions that are aimed at freeing the people from the shackles of the banks. This three-letter institution objects to every single measure we make, thus we are not attuning government policy to them, but against them.http://www.economist.com/blogs/easternapproaches/2011/12/hungary-and-imf
Hungary Banks Offer to Take Losses on Foreign-Currency LoansHungarian banks are offering to book further losses of as much as 500 billion forint ($2.2 billion) on foreign-currency loans in the coming years in a proposal package submitted to the government. “The package that we have presented to the government includes a further burden of between 400 billion forint and 500 billion forint for the banking sector,” Levente Kovacs, secretary general of the Bank Association, said at a conference in Budapest today. “I think this is very exemplary and I should also say that the sector will be almost knocked out from the burdens it carries.” http://www.bloomberg.com/news/2011-12-06/hungary-banks-offer-to-take-losses-of-2-2-bln-on-fx-loans.html

Last Updated on Friday, 30 August 2013 09:11

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