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1997-03-12
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1 OMRI Daily Digest - 12 March 1997 (mind)  34 sor     (cikkei)

+ - OMRI Daily Digest - 12 March 1997 (mind) VÁLASZ  Feladó: (cikkei)

OMRI DAILY DIGEST
No. 50, 12 March 1997

ROMANIAN PREMIER IN HUNGARY. Victor Ciorbea arrived in Budapest on 12
March, becoming the first Romanian premier to visit Hungary since
communism collapsed in 1989, Hungarian and international media reported.
Before departing, Ciorbea said it is no accident he has chosen Hungary
for his first official trip abroad. Rather, "it is proof of how
important we regard our bilateral relations and what enormous importance
we give to the active partnership with Hungary." Ciorbea's delegation
includes Gyorgy Tokay, minister responsible for ethnic minority affairs
who is an ethnic Hungarian. Boosting bilateral economic ties and the two
countries' bids to join NATO are high on the agenda. Romania has said
that Hungary and Romania should be admitted to NATO at the same time.
Hungary fully supports that position as long as it does not slow down
its integration into the alliance. -- Zsofia Szilagyi

HUNGARY GETS NEW WORLD BANK LOAN. The World Bank on 11 March announced
it has approved a $225 million loan to Hungary to help efforts to reform
the country's corporate and banking sectors, international media
reported. The funding will be disbursed in two tranches worth $112.5
million each. World Bank officials said Hungary is currently in an
advanced stage of transforming itself into a market economy and has
achieved "unprecedented progress in reforming its enterprise and
financial sectors." The funding will help the government complete
reform, including the privatization of four major banks. Meanwhile,
another World Bank agreement on an $200-250 million loan to help finance
the reform of pensions and health care is being drafted in Washington.
-- Zsofia Szilagyi


[As of 12:00 CET]

Compiled by Jan Cleave

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