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1998-08-25
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1 RFE/RL NEWSLINE 25 August 1998 (mind)  37 sor     (cikkei)

+ - RFE/RL NEWSLINE 25 August 1998 (mind) VÁLASZ  Feladó: (cikkei)

RADIO FREE EUROPE/RADIO LIBERTY, PRAGUE, CZECH REPUBLIC
___________________________________________________________
RFE/RL NEWSLINE Vol. 2, No. 163, 25 August 1998

POLAND, HUNGARY TO COORDINATE POLICIES. Polish Prime Minister
Jerzy Buzek agreed with his Hungarian counterpart, Viktor
Orban, in Warsaw on 24 August that the two countries will
coordinate their policies on Russia's current crisis, NATO,
and the EU, Polish and Hungarian media reported. Warsaw and
Budapest are to exchange information on Russia and hold
consultations on that country's financial crisis. Hungary is
to set up a special telephone hot line with Poland because,
according to Orban, Poland has "broader knowledge" of Russia
and its affairs. Orban voiced the hope that the Polish,
Hungarian, and Czech legislatures will adopt in December a
final decision on joining NATO. Buzek and Orban also agreed
that their countries will try not to be rivals in their bid
for EU membership. JM

HUNGARIAN CURRENCY FALLS TO RECORD LOW. The Hungarian forint
on 24 August fell to record lows against US dollar and the
German mark, as nervousness about Russia's government shakeup
caused losses on Hungary's stock exchanges. The exchange rate
was 225 forint to $1 and 125 forint to DM 1 -- a drop of some
0.7 percent since 19 August. The Budapest Stock Exchange's
index dropped some 6.6 percent and closed at 6,714 points,
compared with 7,999 at the beginning of 1998. For the first
time since the introduction of the "crawling peg" devaluation
of the forint, the National Bank said it may intervene on the
foreign exchange market to stabilize the currency. Analysts
say that the forint's decline is too sharp and does not
reflect Hungary's economic stability. MSZ

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