FACTBOX-Hungarian laws unlocked by 2/3 majority

April 25 (BestGrowthStock) – Hungary’s centre-right Fidesz won an
unprecedented two-thirds legislative majority in the next
parliament in Sunday’s second round of elections.

Following are some of the laws the party may change using
its broad mandate. For main story see [ID:nLDE63O05X]

LAWS REQUIRING SUPPORT OF TWO-THIRDS OF ALL MPS

* Electing a new president for the republic

* Declaring the president unfit for the post due to conflict
of interest

* Electing members of the Constitutional Court

* Electing the chairman and deputies of the State Audit
Office and changing the law governing its operation

* Electing the head of the Supreme Court on the proposal of
the president

LAWS REQUIRING TWO-THIRDS OF MPS PRESENT IN THE ROOM

* Changing the law governing the Constitutional Court’s
operations

* The statutes of parliament (rules of operation)

* Local government law

* Court, media and party financing laws

* Law on citizenship rights

* Laws on the election of MPs, European Parliament MPs,
local government representatives and mayors

FIDESZ PLANS ANNOUNCED SO FAR

* Boosting Hungary’s growth and medium-term growth potential

* Attracting foreign investment but favouring supporting
domestic entrepreneurs and farmers

* Improving the economy’s competitiveness via tax cuts.
Fidesz top economic strategist Gyorgy Matolcsy envisaged tax
cuts over the next three years starting from Jan. 2011

* Easing access to dual citizenship for ethnic Hungarians

* Reducing size of parliament, local municipal councils

* Rewriting the 2010 budget to boost economic growth and
enact policies to create a million jobs in 10 years

* Has said the 2010 budget deficit could be double the
targeted 3.8 percent of GDP, set in Hungary’s IMF/EU deal due to
a lag in revenues and some items not included in the present
budget. Matolcsy told Reuters Fidesz would not tolerate a
deficit above 6.5-7 percent and a gap between 4.5 and 6.5
percent could still be “safely financed” [ID:nLDE62I1NA]

* Cutting red tape and curbing corruption

* Signing a new precautionary standby deal with
international lenders after the current financing deal expires
in October

* Not planning to set euro adoption target date, for now

(Compiled by Gergely Szakacs)

FACTBOX-Hungarian laws unlocked by 2/3 majority