Hungary’s 2010 Political Risk Index (PRI) score is 66 points – the first year the country’s political risk has declined since the index began in 2005.
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Concerns about whether Hungary’s new government will loosen budgetary discipline appear to have been laid to rest.
Political Capital expects the Hungarian government reacts to the crisis fast and will announce austerity measures to stabilize the budget and the exchange rate.
In respect to the stability of the region as a whole political risks will not increase significantly due to the preferential naturalization of ethnic Hungarians living outside state borders.
The day after Fidesz scooped up 68 per cent of the seats in Parliament, Prime Minister-designate Viktor Orbán took aim at Hungarian National Bank Governor András Simor.
Hungarian Prime Minister-in-waiting Viktor Orbán, whose Fidesz party won an unprecedented 68% of seats in Parliament, urgently wants to replace Hungarian central bank Governor András Simor.
With 68% of the seats in Parliament, Hungarian Prime Minister-in-waiting Viktor Orbán and his Fidesz party will be able to form the most stable government Hungary has had since the transitio
Fidesz, the party that scored an unassailable majority Hungary’s parliament this month, may discover that it has pitched its tent too wide.
Results from the first round of Hungary’s general elections on April 11 have made it clear that Fidesz will have an absolute majority in the next Parliament.
The ultra right-wing Jobbik party’s successful performance in the first round of Hungary’s general election may come as a shock, but it is no surprise.
As Fidesz gets closer to governance, its politicians are becoming more and more cautious when talking about their program. Fidesz’s policy wonks are putting less emphasis on stimulating the economy.
Fidesz, which had been pursuing a strategy of “tactical reticence” in its campaign communications, recently released its election manifesto entitled “The Politics of National Affairs.”