Hungary

Hungary seeks EU strategy against crisis

Hungary, BudapestBerlin - Kinga Goncz, foreign minister of Hungary which was rescued last month by international lenders from financial collapse, called in Berlin Friday for better European Union coordination in crises.

He spoke after meeting with German Foreign Minister Frank-Walter Steinmeier. Both said they favoured joint EU strategies to deal with financial and economic crises.

"I'm firmly convinced this will work," said Steinmeier.

"Europe can only be strong if we work together and coordinate our actions with one another," said Goncz.

Hungary sets 6.5-billion-dollar stimulus plan

Hungarian, BudapestBudapest  - Hungary plans a 1.4-trillion-forint (6.5-billion-dollar) stimulus package to boost its ailing economy, the government said Thursday, after international lenders last month staved off the ex-communist nation's financial collapse.

The proposal is designed to ease Hungary's severe credit crunch, generate more than 9 billion dollars in new investment and create 20,000 new jobs, Economy Minister Gordon Bajnai told members of parliament in Budapest.

India, Hungary to sign MoU for enhancing cooperation in Sports

HungaryBudapest (Hungary), Nov 11: India and Hungary will sign an Memorandum of Understanding (MoU) for enhancing cooperation in the field of sports.

This was decided at the meeting of Dr. M. S. Gill, Union Minister for Youth Affairs and Sports with his Hungarian counterpart, Dr. Istvan Gyenesei here today

Dr. Gill is currently on a four-day visit to Hungary.

During the meeting, both leaders discussed various modes for enhancing the cooperation between the two countries in the field of sports especially in the areas of coaching and training of athletes.

Hungary, Bulgaria and South Korea to pull out of Iraq

Hungary, Bulgaria and South Korea to pull out of Iraq Baghdad - Hungary, Bulgaria and South Korea will each withdraw their troops from Iraq by the end of 2008, a spokesman for Iraq's Ministry of Defence told the Voices of Iraq news agency on Friday.

The troops will leave after finishing their tour of duty, said spokesman Mohamed al-Askary adding that most of the soldiers duties were "humanitarian."

Bulgarian Minister of Defence Teodor Melescanu was quoted by US media as saying some Bulgarian personnel would stay in Iraq to work as advisors to the Iraqi national authorities.

Kuwaiti diplomat attacked, robbed in Budapest

Budapest - A Kuwaiti diplomat was attacked inside his home, locked in the cellar and robbed by two masked men earlier this week, the Hungarian agency MTI reported Thursday.

Hungarian leader seeks economic crisis plan

Prime Minister Ferenc GyurcsanyBudapest - Prime Minister Ferenc Gyurcsany on Monday proposed a 3.9-billion-euro (5-billion-dollar) crisis plan to boost Hungary's economy.

The move comes after international lenders pitched in over the last week to help the eastern European nation stave off financial collapse.

Gyurcsany has called the 1-billion-forint plan a stabilization and stimulus package designed to protect jobs and export markets.

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