Are we innocent as a newborn lamb?

Elections

Hungarian Prime Minister Ferenc Gyurcsány, facing a vote of confidence in parliament today, apologized for not telling citizens the truth about the state of the country's economy. The premier also said he regretted foul language he used when he was caught on tape talking to members of his Socialist Party about how they lied over the economy to win elections in April. The tape, leaked to the media last month, sparked demonstrations that turned into riots for three days in very sustained street violence. Gyurcsány called for the vote of confidence October 2 to underscore his mandate and face down calls for his resignation. Leaders of the governing coalition of Socialists and the Free Democrats' Alliance pledged to back Gyurcsány, the first Hungarian premier to face such a vote since communism fell 16 years ago. The prime minister today also said he would continue carrying out his austerity program of raising taxes and cutting subsidies for natural gas, medicines and electricity to curb the European Union's largest budget deficit and meet terms to adopt the euro. „Maybe there are some other ways” to trim the country's budget deficit, „but we don't see any other program, we only see our own,” Gyurcsány told lawmakers today. (Bloomberg)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.