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  • Prime Minister Viktor Orban, who made his name protesting Hungary's communist dictatorship, is now confronting protesters chanting "Viktator!"

  • By including such broad provisions that could justify significant intrusions into private-market exchanges, the draft risks solidifying the sluggish economic policies of Hungary's past.

    Protecting Hungary's Freedoms

  • So it's troubling that Hungary's proposed new constitution, in its current form, contains provisions that would empower the state beyond what is suitable for protecting economic liberties, and also provides weak institutional guarantees for the future protection of such liberties.

    Protecting Hungary's Freedoms

  • The drafters and Mr. Orbán have committed themselves to Hungary's future economic sustainability, having already adopted a flat personal income tax of 16% and included a government-spending cap at 50% of GDP in the proposed constitution.

    Protecting Hungary's Freedoms

  • In addition to troubles on the export front, Hungary's domestic demand has also been anemic as households struggle to repay debts—many of them in appreciating foreign currencies—run up in the boom years before 2008.

    Growth in Emerging Countries Slows Significantly

  • Hungary's Paks nuclear power plant, with four reactors, was designed for a modest earthquake hazard.

    International Assessment of Seismic Risk

  • Hungary's premier said his government is willing to change laws and adjust policies in order to win financial backing from the EU and IMF.

    What's News: Business & Finance

  • Mr. Csefalvay said Hungary's economy expanded in 2011, its budget deficit is below 3% of gross domestic product as required by the EU, and its current account—a measure of international trade and payment flows—is in surplus.

    EU and IMF Break Off Talks With Hungary

  • But he defended Hungary's decision to lower the retirement age of judges to 62 from 70.

    Hungary's Premier Softens Stance

  • The EU and IMF, however, have refused to consider Hungary's request unless the country changes legislation they consider problematic.

    Hungary's Premier Softens Stance


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