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Message: Hungarian election result bodes well for business

Hungarian election result bodes well for business

posted on Apr 26, 2010 09:12AM

INSTANT VIEW - How will markets react to historic majority won by Hungary's Fidesz (2)

April 26, 2010, 11:03 am

http://portfolio.hu/en/cikkek.tdp?k=2&i=19978

Adds comment by Citi on page5)
Hungary’s centre-right Fidesz party won two-thirds of parliamentary seats in the second round of elections on Sunday. Fidesz will have 263 MPs in the new Parliament - this equals with 68%; the Socialists will have 59 MPs - 15%; radical right Jobbik 47 MPs -12%; greenish LMP 16 MPs - 4%. Fidesz now has an unprecedented mandate to govern the country, implement almost any legislative change and reforms without having to seek support of other parties.

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