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Ferenc Gyurcsány



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Public sector workers hold massive demo in Budapest over pay - Summary

Budapest - Thousands of public sector workers took to the streets in the Hungarian capital on Saturday to protest against a pay freeze and the abolition of end-of-year bonuses. Many streets in central Budapest were closed to traffic in the morning as...

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Hungary hopeful for Nabucco deal

Hungary's prime minister says he is hopeful that talks over a pipeline that would transport natural gas from the Caucasus to Western markets will resume smoothly soon.

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Slovakia denies unlawful force against Hungarian football fans

Budapest - Slovakian Interior Minister Robert Kalinak has denied that police acted unlawfully when dealing with ethnic Hungarian football fans earlier this month. Hungarian Justice Minister Tibor Draskovics confirmed Wednesday evening that he had rec...

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Hungarian PM outlines reform plans

Hungarian Prime Minister Ferenc Gyurcsany outlined his government's reform plans including tax cuts for the coming few years on Wednesday. Gyurcsany told a press conference that his minority government could carry out two or three reforms in its current term until 2010. Among the reform plans, Gyurcsany said there was no chance temporarily for general tax cuts, but there was possibility to restructure...

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Gates to stay on as defense chief

U.S. Defense Secretary Robert Gates is set to stay on in the top Pentagon job, for at least the first year of the Obama administration, ABC News reported Tuesday.

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Hungarian government passes key test in 2009 budget vote - Summary

Budapest - Hungary's minority Socialist government passed a crucial test on Tuesday when, in a session lasting over five hours, it got the main details of its 2009 budget bill through parliament. Prime Minister Ferenc Gyurcsany's Hungarian Socialist ...

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Hungary, Slovakia: Tense Relationship

On Nov. 15, Slovak prime minister Robert Fico and his Hungarian counterpart, Ferenc Gyurcsány, met in the border town of Komárno, Slovakia, in an attempt to ease nationalist tensions that have escalated due to Nov. 1 football game violence in Dunajská Streda, Slovakia. Eva S. Balogh of Hungarian Spectrum has been blogging a lot recently about the Slovak-Hungarian relations, and here are some of the...

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Hungary will support Czech EU presidency

Hungary will fully support the Czech Republic in the first half of next year when it will hold EU presidency as the first member of the Visegrad Four (V4), Hungarian Prime Minister Ferenc Gyurcsany said on Thursday. Gyurcsany pointed out that Hungary will be EU president one year later and Poland will follow it. He said this will be an opportunity for the V4 countries to markedly influence EU decision-making...

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Slovak, Hungarian leaders Fail to Thaw Icy Relations

Slovak Prime Minister Robert Fico and his Hungarian counterpart Ferenc Gyurcsany failed to thaw icy relations between their countries in a meeting called to stem nationalist tensions.

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Slovakia and Hungary meet to discuss tensions

Bratislava - Slovakian Prime Minister Robert Fico and his Hungarian counterpart Ferenc Gyurcsany were meeting in the border town of Komarno-Revkomarom to discuss recent tensions between their two countries. Hungarian right-wing extremists have demons...

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Moody's cuts Hungary's foreign-credit rating to A3

Moody's Investors Service said Friday it had cut Hungary's foreign-credit rating by a one notch, from A3 from A2, as the global financial crisis challenged the country's ability to meet debt payments.

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Moody's cuts Hungary's foreign-credit rating a notch, to A3 from A2

While Prime Minister Ferenc Gyurcsany's government plans to reduce the state budget deficit to below 3 percent of GDP next year, critics say the cutbacks have failed to find a long-term solution to Hungary's endemic problems, including excessive social spending on pensions and other benefits and inefficient public services.

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Moody's cuts Hungary's foreign-credit rating to A3

Moody's Investors Service said Friday it had cut Hungary's foreign-credit rating by a one notch, from A3 from A2, as the global financial crisis challenged the country's ability to meet debt payments.

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Moody's cuts Hungary's foreign-credit rating to A3

BUDAPEST, Hungary -- Moody's Investors Service said Friday it had cut Hungary's foreign-credit rating by a one notch, from A3 from A2, as the global financial crisis challenged the country's ability to meet debt payments.

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Hungary Awarded IMF Bailout Package

Emerging economy Hungary has taken out a multi-billion-euro loan with the International Monetary Fund on to help the country’s struggling financial system cope under the excess strain of the global financial crisis.