Saudi Arabia, in its drive to enrich Arab culture, launches Arab Week at UNESCO in Paris    Civil Defense warns of thunderstorms hitting most Saudi regions until Saturday    Jeddah Mayoralty reclaims 18 government land sites on the North Obhur waterfront    Neymar exits Al Hilal match with muscle injury, leaving fans disappointed    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Aramco's Q3 net income falls 15.5% to SR103 billion amid a jump in annual cash flows    Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Elon Musk can keep giving $1m to voters, judge rules    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Quincy Jones, titan of US music, dies aged 91    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author Budapest
Hungary set to wriggle out of constitutional cap on national debt
Hungary remains committed to reducing itsnational debt, the government said Monday after Economy Minister Gyorgy Matolcsy filed a bill that would postpone a constitutional upper limit, according to dpa. "The government will stick with the ongoing (...)

05 - 12 - 2011
Hungary's central bank hikes base interest rate to 6.5 per cen
The Hungarian National Bank hiked its base interest rate by 50 basis points from 6 to 6.5 per cent Tuesday in response to a weakening currency and a worsening economic outlook, dpa reported. The move was widely expected, coming the week after (...)

29 - 11 - 2011
Hungarian PM, govt agree to cooperate with IMF
AlHijjah 29, 1432, Nov 25, 2011, SPA -- Hungarian Prime Minister Viktor Orban and his government have agreed that they should cooperate with the International Monetary Fund, the European Union and banks to stabilize the economy, Economy Minister (...)

25 - 11 - 2011
Hungary posts surprise third-quarter growth figure of 1.4 per cent
AlHijjah 19, 1432, Nov 15, 2011, SPA -- Hungary's economic output was up an unexpected 1.4 per cent in the third quarter of this year, dpa cited preliminary report issued as saying Tuesday by the Central Statistics Agency. This year-on-year (...)

15 - 11 - 2011
Key political risks to watch in Hungary
AlHijjah 10, 1432, Nov 6, 2011, SPA -- Hungarian Prime Minister Viktor Orban retains a firm grip on power despite a fall in support since last year's election landslide and plans to push through an austerity budget next year, even though the economy (...)

06 - 11 - 2011
Hungary to hike sales tax in bid for further deficit reduction
Hungary will increase its top rate of value added tax (VAT) to 27 per cent in a bid to cut the budget deficit to 2.5 per cent next year, Economy Minister Gyorgy Matolcsy said Friday according to dpa. The move would raise a fifth of the 750 billion (...)

16 - 09 - 2011
Hungary PM to detail forex loan fixing plan on Mon
Hungarian Prime Minister Viktor Orban will announce some details of a plan to help foreign-currency borrowers and other new economic measures in parliament on Monday, his spokesman said, according to Reuters. The spokesman was speaking on Sunday (...)

11 - 09 - 2011
Hungary seeks to allow repayments at fixed FX rate
Hungary's governing party is considering allowing people with debts in foreign currencies to repay them in a lump sum at an exchange rate much lower than current market rates, with banks forced to absorb all the costs, according to AP. Fidesz (...)

09 - 09 - 2011
Hungary's economy stalled in second quarter
Hungary's economy showed no growth between the first and second quarters of this year, the Central Statistical Office reported on Thursday, according to dpa. Furthermore, in year-on-year terms, gross domestic product (GDP) was up only 1.5 per (...)

08 - 09 - 2011
Prime minister: Hungary to slash national debt in autumn
Hungary will cut its national debt by 4 percentage points to 73 per cent of gross domestic product (GDP) in coming months, dpa quoted Prime Minister Viktor Orban as telling reporters after a cabinet meeting Tuesday. Government debts due to (...)

06 - 09 - 2011
Prime minister: Hungary to fight way out of economic "danger zone"
Hungary will stick to its deficit target of 3 per cent this year despite being pushed into a "very dangerous situation" in the past three months by the eurozone crisis, Prime Minister Viktor Orban said on Monday, according to dpa. Addressing a (...)

29 - 08 - 2011
Hungary's Fidesz proposes changes to election system
Hungary's ruling Fidesz party proposed changes on Saturday to the electoral system that would scrap run-offs in individual parliamentary constituencies and make it harder for small parties to field candidates, according to Reuters. Fidesz, which (...)

09 - 07 - 2011
Clinton to meet Hungarian prime minister in Budapest
US Secretary of State Hillary Rodham Clinton is to meet Hungary's Prime Minister Viktor Orban on June 30 during a visit to Budapest, dpa quoted Hungarian officials as announcing Wednesday. Orban's spokesman told reporters in Oslo that Clinton (...)

22 - 06 - 2011
Top EU and Chinese foreign policy officials meet in Hungary
EU foreign policy chief Catherine Ashton and China's senior foreign policy official Dai Bingguo held talks in Hungary on Tuesday, according to dpa. The meeting was the second in an ongoing "strategic dialogue" between the EU and China. The (...)

12 - 05 - 2011
Budget cuts prompt protests by thousands Hungarian police, soldiers
Thousands of Hungarian police, soldiers, firefighters, prison guards and customs officers took to the streets of Budapest Friday to protest planned budget cuts, according to dpa. Interior Minister Sandor Pinter has promised to meet with the (...)

06 - 05 - 2011
Ethnic Hungarians will have right to vote -govt MP
Awwal 24, 1432 / April 28, 2011, SPA -- Hungary's government plans to give voting rights to ethnic Hungarians living elsewhere in central Europe as part of a planned overhaul of the country's electoral law, a top ruling party official said on (...)

28 - 04 - 2011
UN Chief Says To Give Humanitarian Aid in Tripoli
Awwal 14, 1432, April 18, 2011, SPA -- U.N. Secretary-General Ban Ki-moon says the organization has reached an agreement with the Libyan government to provide humanitarian aid in the country's capital. Ban said Monday during a visit to Hungary that (...)

18 - 04 - 2011
Hungary's parliament approves new constitution
Awwal 14, 1432 / April 18, 2011, SPA -- Hungary's Fidesz party pushed a new constitution through parliament on Monday, bypassing an opposition boycott over complaints the move lacked consensus and will cement Fidesz power beyond the end of its term, (...)

18 - 04 - 2011
Hungary's new draft constitution would cap national debt
Akhir 05 , 1432 H. / March 10, 2011 -- A draft version of Hungary's proposed new constitution would put a cap on the national debt, change the country's official name and potentially extend the political franchise to children, newspapers reported (...)

09 - 03 - 2011
Hungary opts for uncontroversial central bankers
Akhir 02, 1432 H/March 7, 2011, SPA -- Appointments to the monetary policy council of Hungary's central bank on Monday went some way to assuage concerns that Prime Minister Viktor Orban's conservative government may be seeking greater influence (...)

07 - 03 - 2011
EU, US ink agreement over air traffic control cooperation
Awwal 28, 1432 H/March 3, 2011, SPA -- The European Union and the United States signed a cooperation agreement in the Hungarian capital on Thursday that aims to harmonize air traffic control development, dpa quoted EU Transport Commissioner Siim (...)

03 - 03 - 2011
NATO Calls Emergency Council Meeting on Libya
NATO Secretary General Anders Fogh Rasmussen said he had called an emergency NATO council meeting for Friday afternoon to discuss the situation in Libya. 'I have convened an emergency meeting in the NATO council this afternoon to consult on this (...)

25 - 02 - 2011
NATO Calls Emergency Council Meeting on Libya
Awwal 22, 1432 H/Feb 25, 2011, SPA -- NATO Secretary General Anders Fogh Rasmussen said he had called an emergency NATO council meeting for Friday afternoon to discuss the situation in Libya. "I have convened an emergency meeting in the NATO (...)

25 - 02 - 2011
Hungary's premier defends media law
Awwal 11, 1432 H/Feb 14, 2011, SPA -- Hungarian Prime Minister Viktor Orban defied critics of his country's new media law Monday - but disappointed international markets eager for details of promised structural reforms as he spoke in parliament (...)

14 - 02 - 2011
Hungary vows structural reforms to improve budget
Awwal 01, 1432, Feb 04, 2011, SPA -- Hungary's public debt will fall significantly in the coming years as the government implements lasting structural reforms and creates more jobs, AP quoted the economy minister as saying on Friday. In a letter to (...)

04 - 02 - 2011
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