The European Bank for Reconstruction and Development (EBRD) has reduced its economic growth forecasts for 2012 for central and south-eastern Europe and warned that deterioration of conditions in the eurozone could have a substantial further impact. If the prognosis is correct, Hungary could be facing a 1.5 per cent decline of its economy in 2012. Continue »

While the demonstrators were making their way peacefully towards Parliament on Saturday, they could not yet have known that one of their bones to pick, namely the increasingly slanted reporting on Hungary in the Western media, would gain further justification a few hours later. The coverage of Hungary’s largest mass gathering since the change of regime made a mockery of all professional standards. Continue »