CEOL
Hungary

Local Press Digest

BUDAPEST, May 4, 2000 (Rtr)


DOMESTIC POLITICS, GENERAL NEWS ALL PAPERS

Parliament elected Peter Polt to become Hungary's Chief Prosecutor on Tuesday, with a 206 to 168 majority. Ervin Demeter was also sworn in as Secret Services Minister.

Members of Parliament and cabinet members commemorated on Tuesday the 10th anniversary of the first session of Hungary's first freely elected Parliament after more than four decades of Communist rule.

Transport, Telecoms and Water Management Minister Kalman Katona put the costs of flood defense at Ft 11.5 billion ($40.32 million).

EU accession talks do not prejudice the importance Hungary ascribes to economic co-operation with the U.S., Foreign Minister Janos Martonyi said on Monday during talks with U.S. Secretary of State Madeleine Albright.

French Prime Minister Lionel Jospin and four members of his cabinet begin a two-day visit to Hungary on Wednesday.

NEPSZABADSAG

Smallholder President Jozsef Torgyan could reach an agreement on the nomination of Hungary's next president with Prime Minister Viktor Orban on Wednesday.

BUSINESS AND FINANCE ALL PAPERS

Central Statistics Office figures for March surprised analysts, showing a sharper than expected rise in producer prices.

National Bank of Hungary figures published on Tuesday show interest rates on both retail and corporate deposits and lending in March continued to fall.

Credit Lyonnais Bank has announced that it recently raised capital at its Hungarian subsidiary from Ft 2.06 billion to 4.4 billion.

Former U.S. presidential candidate and Republican Senator Bob Dole was in Budapest on Tuesday to take up a three-year post on the board of directors at Fotex.

NAPI GAZDASAG

The current account deficit in March is estimated at about 235 million euros, analysts said.

Insurance company revenues for the first quarter exceeded Ft 92 billion, Ft 18.49 billion more than for the same period last year.

Looking for more information from local sources? Reuters Business Briefing has 14 Hungarian sources including Napi Gazdasag, Vilaggazdasag and Magyar Hirlap. For details of the product please call your local help desk.



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