Hun­gary pre­mier tight­ens his grip

Weekend Argus (Saturday Edition) - - BUSINESS -

BU­DAPEST: Prime Min­is­ter Vik­tor Or­ban tight­ened his grip over Hun­gary’s econ­omy, nam­ing his “right hand” to take over the cen­tral bank from an arch ri­val who tried to re­sist his government’s unortho­dox pol­icy cam­paign.

Or­ban named Econ­omy Min­is­ter Gy­orgy Ma­tolcsy to head the cen­tral bank. This fol­lows an over­haul of the con­sti­tu­tion and other moves that gave his rul­ing Fidesz party firmer con­trol over the bank, me­dia and courts, to the worry of Brus­sels.

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