Word: budapest
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Dates: during 2000-2009
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Anyone visiting Prague, Warsaw, or Budapest in recent weeks would have found beautiful old cities in a rather depressed mood. Despite the arrival of spring, the political and economic news across the region is gloomy at best. Eastern Europe’s emerging economies have been some of the worst hit by the current economic crisis—making unemployment rise, threatening their ability to roll over foreign debt, and toppling governments. As a recent International Monetary Fund paper proposes, the best way forward may be a European answer to an Eastern European problem: early adoption of the euro...
...Gyurcsany's departure closes the book on an administration troubled from the day it was elected in April 2006. Just a few months after that poll, anti-government protesters in Budapest attacked the Hungarian state TV building, clashed with police, and set fire to vehicles during several nights of violent riots. The riots were sparked by the government's unpopular reform program, which aimed to tackle everything from healthcare and pensions to the size of the state bureaucracy. (See pictures of riots...
...point, analysts declared the reform process dead. But before his resignation, Prime Minister Gyurcsany proposed a new package in response to the financial crisis. Again, critics dismissed this plan as too little too late. Krisztian Szabados of the Budapest-based think tank Political Capital called it "weak" for not going "far enough" in cutting spending and taxes...
Does the Armani brand suffer a lot of damage because of counterfeit products? David Remenyik, BUDAPEST...
Situated on the western bank of the Danube, Budapest's Lánchíd 19 hotel is in many ways an extension of the river itself. Its accordion-like façade, constructed of movable glass panels, ebbs and flows with the rhythm of the water, thanks to a meteorological sensor on the hotel's roof. Decorated with images of life on the riverbank - crabs, snails and aluminum cans - the exterior panels light up at night, adding a touch of modernity to the historic riverside where 18th century Habsburg architecture prevails...