EU backs Hungarian PM in „painful risks”

Interview

The European Commission has warned that the measures required to bring Hungary's ailing economy under control would be "obviously painful". The message came as Hungarian Prime Minister Ferenc Gyurcsány rejected Tuesday calls to resign and threatened a crackdown after riots that left 150 injured overnight. Commission spokeswoman Amelia Torres told reporters in Brussels that it is in the interests of the Hungarian economy and its people that the economic situation is "reined in and brought to relatively sustainable levels". EU commissioner and former Hungarian foreign minister László Kovács deplored the political unrest and street violence which has erupted in his homeland, calling for the implementation of the challenging economic program to ease its woes. (Napi Gazdaság)

ADVERTISEMENT

Varga Augurs Return to Growth in H2 2023 Analysis

Varga Augurs Return to Growth in H2 2023

Gov't Extends Deposit Rate Cap Till Year-end Government

Gov't Extends Deposit Rate Cap Till Year-end

Scope Changes Outlook on Magyar Telekom Rating to Positive Telco

Scope Changes Outlook on Magyar Telekom Rating to Positive

Esztergom Guest Nights up 15% in July Tourism

Esztergom Guest Nights up 15% in July

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.