July 25th, 2012

Orbán’s tax binge repels investors

While Orban’s policies are scaring off international investors, the European Union predicts the country may fall back into a recession in 2012. Orban is trying to shield Hungary from Europe’s worsening debt crisis with an economic program that’s focused on keeping the budget under control. Hungary had a capital investment deficit of 118 million euros ($144.8 million) in 2011, the first drop since at least 1995, according to data compiled by the central bank.


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