Ferenc Gyurcsany was formally nominated Monday as Hungary's next prime minister by President Ferenc Madl
Published:
28 September 2004 y., Tuesday
Ferenc Gyurcsany was formally nominated Monday as Hungary's next prime minister by President Ferenc Madl.
Although Gyurcsany faces a vote in parliament Wednesday to be officially confirmed, analysts say that vote is now a mere formality.
Gyurcsany, a millionaire businessmen, emerged as the favorite inside the ruling Socialist Party to replace former prime minister Peter Medgyessy who was dumped after a dispute inside Hungary's coalition government in August.
The new government has pledged to work hard to reduce Hungary's spiraling budget deficit, which analysts say could result in a financial crisis if it is not brought under control.
Most local analysts are skeptical, however, the already unpopular Socialist Party will have the political will to make painful reforms.
The government admitted earlier in September the 2004 target for a budget deficit of 4.6 percent of gross domestic product would not be met.
Šaltinis:
Big News Network.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Kabul residents express mixed views on their country's future security ahead of U.S. President Barack Obama's announcement of a withdrawal plan.
more »
The U.S Food and Drug Administration will release graphic warning labels for cigarette packages this week, to remind the American public about the dangers of smoking, moving away from the smaller print warnings currently found on cartons.
more »
Amateur video footage shows the immediate aftermath of Russian plane crash. There were 52 passengers and crew aboard the Tupolev-134 when it went down on Monday night.
more »
Israel's Arava Power Company has unveiled the country's first commercial solar field. The firm, which is investing almost $2 million on building a series of plants across the Negev desert hopes to start a "Solar Revolution" in the largely arid country.
more »
Shape-shifting robot mannequins are being used by an Estonian company to help solve one of the biggest problems for the online clothing industry - giving customers clothes which fit properly.
more »
NASA releases video of a solar flare erupting from the sun.
more »
Residents of the Argentine town of Villa la Angostura are warned to stay inside after a blanket of volcanic ash descends.
more »
An energy efficient home, measuring just 3 metres cubed, is helping people realise how to cut their carbon footprint.
more »
Remote, windswept Macquarie Island in the Southern Ocean is being purged of its rabbits in a massive eradication programme designed to reverse more than a hundred years of environmental destruction.
more »
Space Shuttle Endeavour lands at the Kennedy Space Station in Florida for the last time after completing its mission to the International Space Station, as Space Shuttle Atlantis prepares for NASA’s last shuttle mission.
more »