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Kriván, Bence

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2 articles of this author have been cited in the European Press Review so far.

Népszabadság - Hungary | 15/02/2014

Hungary's growth independent of government

According to the latest forecasts Hungary's GDP will grow by more than two percent this year. In the previous year it grew by 1.2 percent. The left-liberal daily Népszabadság is convinced that this is less the result of the economic policy of Viktor Orbán's right-wing conservative government than other external factors: "There is no doubt that the economic growth is mainly due to aspects that are independent of the government. The Hungarian economy is driven on the one hand by EU subsidies that help the construction sector among other things, and on the other by the automotive industry which was built up by the Germans in Hungary. Moreover we can thank our lucky stars that agricultural production has been in full swing. And finally there are the free loans from the central bank amounting to two trillion forint [just under seven billion euros]."

Népszabadság - Hungary | 13/03/2013

New central bank head imperils forint

The Hungarian forint has dramatically lost value against the euro in recent weeks. According to the left-liberal daily Népszabadság, the dive has to do with the unpredictable personality of the new head of the Hungarian National Bank, György Matolcsy: "A highly sensitive seismograph has been tracing the exchange rate of the forint in the past six weeks. It has reacted to the steps taken by the ex-Economy Minister György Matolcsy - who started his new job by immediately turning everything inside out - with nervous jitters and convulsions. Now however Matolcsy must do something he couldn't do as a minister: demonstrate a predictable, prudent attitude, which appeases the markets in a sovereign but non-authoritarian way. But because of his idiosyncratic behaviour, he's simply unable to do so."

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