The mayor
of Monok, a village in Borsod-Abaúj-Zemplén County in eastern Hungary, is
withholding social security benefits from families that do not regularly send
their children to kindergarten or school. In addition, people on social
security only receive benefit payments if they perform communal work. Continue »

Budapest, May 26 (MTI) – Hungary’s main opposition Fidesz and
the allied Christian Democrats (KDNP) said on Monday they would
support the President’s Supreme Court Chief Justice candidate as
well as his two ombudsmen nominees in a vote in Parliament later in
the day.  Continue »

Budapest, May 26 (MTI) – Hungary’s central bank rate setters,
the Monetary Council, raised the base rate by 25 basis points to
8.50 percent on Monday. The Monetary Council last raised the base rate by 25 basis
points on April 28. Continue »

Budapest, May 26 (MTI) – Hungary’s central bank rate setters,
the Monetary Council, raised the base rate by 25 basis points to
8.50 percent on Monday. The Monetary Council last raised the base rate by 25 basis
points on April 28. Continue »

Budapest, May 26 (MTI) – The National Bank of Hungary (NBH)
raised its inflation forecast for 2008 to 6.3 percent from 5.9
percent, its latest inflation report published on Monday said.  Continue »

Budapest, May 26 (MTI) – OTP Bank has been once again named best
bank in Hungary by Global Finance, the professional journal for the
financial sector.  Continue »

Budapest, May 26 (MTI) – Hungary’s freight forwarders carried
70.10 million tonnes of goods in the first quarter of this year, 2.2
percent less than in 2007, but their output in terms of
freight-tonnes-kilometres rose by 1.9 percent to 12.83 billion last
year, the Central Statistical Office (KSH) reported on Monday.  Continue »

Budapest, May 26 (MTI) – Social and welfare expenditure seem to
be using up the money needed for economic growth, wrote Monday’s
business daily Vilaggazdasag, quoting central bank president Andras
Simor, who called for an 8-10 billion euro cut in welfare
expenditure just to put Hungary on par with other countries with
similar economies.  Continue »

Budapest, May 26 (MTI) – The recent strengthening of the forint
has resulted in euros being in short supply in Budapest, and
analysts expect a further decrease in value of the euro rate against
Hungary’s forint in the days to come, Monday’s daily Magyar Hirlap
reported.  Continue »

Budapest, May 26 (MTI) – A Saturday statement by opposition
Fidesz party chief Viktor Orban apparently confirms media leaks of a
private event, where he said that if he won elections – due in 2010
- he might halt major investment projects including Budapest metro
construction, and would freeze pensions, engendering fierce protest
by current PM Ferenc Gyurcsany, wrote Monday’s national daily
Nepszabadsag. Continue »