Budapest - Ukraine would never cut the flow of Russian gas into Hungary or other European markets, Ukrainian President Viktor Yushchenko said on Tuesday during an official visit to Hungary. Yushchenko was speaking after a meeting with his Hungarian counterpart Laszlo Solyom, at which they signed agreements to cooperate in foreign affairs and agriculture.
Budapest - Prime Minister Gordon Bajnai Sunday presented his new government's programme of crisis measures and public spending cuts to steer Hungary out of its economic woes.
Pensions, public sector pay and welfare payments were all cut while value-added tax was increased in an effort to relieve the national budget by the equivalent of 4.4 billion euros.
Bajnai also announced tax relief for lower-income workers in an effort to counter unemployment. "This is a crisis management programme that demands sacrifice by all Hungarians," he warned.
Budapest - The designated economy minister of Hungary's interim government stepped down on Thursday, a day after local media reported a large fine for anti-competitive practices against his former software company.
Media on Wednesday replayed a decision by Hungarian competition authorities three years ago to fine Vahl's company 690 million forint (over 3 million dollars at the time) for collusion with IBM Hungary in a public tender.
Budapest - Former economy minister Grodon Bajnai was voted into the post of Hungarian prime minister in a parliamentary vote Tuesday which at the same time expressed no confidence in Ferenc Gyurcsany, voting the socialist premier out of office. Immediately after the vote Bajnai, who has no party affiliation, said he would be reshuffling the cabinet and bringing in experts who were also free of party affiliations to take over the key finance, economy, social welfare and energy ministries.