Hungary

Hungary's new premier hopes austerity package instills confidence

Hungary's new premier hopes austerity package instills confidence Vienna - Hungary's Prime Minister Gordon Bajnai expressed hope on Tuesday that his austerity package would help bolster faith in his country, as the new head of government was in Vienna for his first foreign visit. The recent measures would stabilize the economy even in case of a 6-per-cent downturn, he said at his meeting with Austrian Chancellor Werner Faymann, according to Austrian press agency APA.

President Yushchenko assures Hungary of gas supply via Ukraine

President Yushchenko assures Hungary of gas supply via UkraineBudapest - 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.

Bajnai presents Hungary's new government programme

Prime Minister Gordon BajnaiBudapest - 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.

Hungary's new economy minister steps down

Hungary's new economy minister steps downBudapest  - 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.

Bajnai is new Hungarian premier after Gyurcsany is voted out

Bajnai is new Hungarian premier after Gyurcsany is voted out 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.

Arson suspected in blaze at home of Roma politician

Arson suspected in blaze at home of Roma politician Budapest - The home of a Hungarian Roma politician was set ablaze at dawn on Tuesday in what police believe was a deliberate attack.

The attack took place in Tatarszentgyorgy, a village some 40 kilometres from the capital that was the scene of a brutal murder in February.

One room in the home of the deputy leader of the local Roma Council, Lidia Horvath, was completely burned out, the fire service said.

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