May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p2
Country Report
Country Report
This section offers update on issues relating to political and economic risks in Hungary as of May 2005. According to a poll, the Hungarian government appeared to have lost some of its gains on the opposition. Prime Minister Ferenc Gyurcsany of the ruling Socialist had an approval rating of 23 percent, while the center-right Fidesz commanded 30 percent support. Public confidence towards the government was affected by the mass protests of farmers who have called for faster processing of European Union (EU) subsidies and greater tariff protection against non-EU competitors. In February 2005, consumer price inflation was at its lowest level. Year-on-year price growth declined to 3.2 percent. The privatization agency of Hungary has announced its plans to sell the state's remaining 11.9 percent holding in oil and gas company MOL in late 2005.


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