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Tóth, Levente
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2 articles of this author have been cited in the European Press Review so far.
Layoffs in Hungary
Following last Friday's announcement that over 3,000 jobs are to be axed in Hungary's automotive industry the liberal newspaper Népszabadság comments on the economic crisis: "Little did we imagine when US investment bank Lehman Brothers went bankrupt that just over two months later more than 3,000 people would lose their jobs here in Hungary. ... The economic crisis is by nature unstoppable. ... The second wave of the crisis has now spread to our region. ... Over the past 15 years Central and Eastern Europe has developed into an XXL Detroit on the global map of the car industry. As long as the car market was booming this was a cause for joy. The sudden downturn in sales is now dragging the whole economy down with it. Hungary's economy literally depends on its engines: Once they start spluttering there is nothing that can replace them within a short period of time."
» full article (external link, Hungarian)
More from the press review on the subject » Corporations, » Economic Policy, » Hungary, » Global
The Hungarian parliament passes the "Lex Mol"
To prevent its national champion in the energy sector, Mol, from being taken over by Austria's OMV, the Hungarian parliament has passed a law aimed at protecting companies against foreign takeovers. Levente Tóth criticises the "Lex Mol": "For a long time now the government and parliament have been dancing to the tune that best pleases Mol. But the real issue here is who will end up controlling the oil business in the entire region, and our government as well as the opposition can now hope for praise from the management at Mol. It's about time that Mol gave us something in return for all these favours."
» full article (external link, Hungarian)
More from the press review on the subject » Corporations, » Economic Policy, » Hungary, » Austria
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