Hungary

Thousands attend funeral of murdered Roma father and son

Budapest  - Several thousand mourners gathered in a Hungarian village on Tuesday for the funeral of a Roma father and son who were gunned down the previous week as they fled their burning home.

Csorba Csaba, 27, and his five-year-old son were shot with hunting rifles before dawn on Monday, February 23. It is suspected that the family home in Tatarszentgyorgy, 40 kilometres south-east of the capital Budapest, was first set ablaze with petrol bombs.

Although the motive for and precise details of the attack have not been proven, it is widely assumed to have been racially motivated and the case has become a symbol of rising racial tension surrounding Hungary's Roma minority.

Hungary to push for East Europe bailout fund at EU summit

HungaryBrussels  - The European Union should set up a fund of up to 190 billion euros (240 billion dollars) to keep the crisis-hit countries of Central and Eastern Europe from collapse, Hungary said ahead of an EU summit in Brussels on Sunday.

"Despite cautious economic policies, Eastern Europe is being affected disproportionately by the global financial and economic crisis ... Failure to react could cause a second round of systemic meltdowns that would mainly hit eurozone economies," a paper drawn up by the Hungarian government said.

Police arrest two suspects in murder of Roma couple

Budapest - Hungarian police arrested two men in connection with the murder last year of a Roma couple in the the southern city of Pec, the locla media reported Saturday.

US electronics firm cuts 900 jobs as Hungarian recession deepens

Jabil CircuitBudapest - The US-based circuit board manufacturer Jabil Circuit is to lay off 900 workers at its plant in Hungary, the firm revealed on Wednesday.

Jabil, which currently employs some 4,000 in Hungary, told the local news agency MTI that its decision was due to falling orders.

The news came the day after Hungary's official economic statistics office forecast that 105,000 jobs would be lost this year.

Of these, 12,000 will be in the automotive sector and 10,000 in construction. Anna Adamecz, a department head at Ecostat, said that 60 per cent of redundancies will be due to falling demand in export markets.

Let non-members into euro faster, Hungarian premier says

Ferenc GyurcsanyBrussels  - The European Union should ease its rules to allow new members to swap their national currency for the euro more rapidly, Hungary's prime minister said Tuesday.

"The best protection against foreign-exchange problems is to join the eurozone ... We should see how the steps towards the euro could be made quicker," Ferenc Gyurcsany told journalists in Brussels.

In particular, countries which have met the EU's strict rules on inflation and budget discipline should be allowed to join the single currency without having to spend two years in the preparatory Exchange Rate Mechanism 2 (ERM 2), he said.

Central bank holds high interest rates on fears over weak currency

HungaryBudapest  - The Monetary Policy Council of Hungary's central bank announced on Monday morning t

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