Hungary Prime Minister Reelected

Hungarians handed their maverick Prime Minister Viktor Orban another four years in power in a parliamentary election on Sunday, while about one in every five voters backed a far-right opposition party accused of anti-Semitism.

Orban has clashed repeatedly with the European Union and foreign investors over his unorthodox policies, and after Sunday’s win, big businesses were bracing for another term of unpredictable and, for some of them, hostile measures.

But many Hungarians see Orban, a 50-year-old former dissident against Communist rule, as a champion of national interests. They also like the fact that under his government personal income tax and household power bills have fallen.

After 89.2 percent of the ballots were counted, election officials projected Orban’s Fidesz party would win 132 of the 199 seats in parliament – hovering one seat below the two-thirds threshold needed for his party to change the constitution.

via CNBC

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