William Penn Life, 2016 (51. évfolyam, 1-12. szám)
2016-05-01 / 5. szám
Magyar Matters Hungary pays off debt as economy grows from RTE News BUDAPEST — Hungary's central bank announced in April it had fully repaid a multi-billion-euro loan it took out in 2008 from international lenders to prop up its wobbling economy during the financial crisis. "A joyful day has dawned on us, we are finally over a long and difficult period," Economy Minister Mihály Varga said in Budapest today. The EU member state had been forced to borrow around 20 billion euros from the International Monetary Fund (IMF), the European Union and the World Bank after it was frozen out of the bond market at the height of the global financial crisis But, the country's economy has grown steadily over the past four years, with inflation and interest rates dropping to record lows. Government debt and the budget deficit have also come down since right-wing Prime Minister Viktor Orbán took power in 2010. As a result, Varga said, Hungary was able to make the final 1.5 billion euro payment, owed to the EU, last week. In 2013, the country had already paid off the 12.5 billion euro portion borrowed from the IMF ahead of schedule. Varga said he hoped the reimbursement would improve Hungary's standing among credit rating agencies. Hungarian paper has been rated as "junk", or below investment-grade, by all the major ratings agencies for several years, but many analysts say upgrades are in the pipeline this year. In Brief HCCNEO prepares for June picnic HIRAM, OH - The Hungarian Cultural Center of Northeastern Ohio (HCCNEO) will host its annual June Picnic and Buckeye Road Reunion on Sunday, June 12, from noon to 7:00 p.m. at the club grounds located at 12027 Abbot Road, Hiram. There will be Hungarian food, live music by Harmonia and lots of fun. The picnic is open to the general public. Admission is $5 per person for adults; children ages 15 and under are free. Please, no coolers or outside containers. Sorry, no pets allowed. Youth invited to summer camp MT. PLEASANT, PA - Children and teens ages 9 to 18 are invited to the annual Hungarian Reformed Youth Camp July 17 to 23 at the Laurelville Mennonite Church Center in Mt. Pleasant, Pa. The camp is hosted by the Calvin Synod of the United Church of Christ and the Hungarian Reformed Church of America. Attendees will spend the week swimming, hiking, bird watching, eating Hungarian food, singing songs, studying the Bible, learning about Hungarian cul-If you have information about an event in the American Hungarian community, please send your information to John E, Lovász, William Penn Association, 709 Brighton Road, Pittsburgh, PA 15233 or email jlovasz@ williampennassociation.org. ture and meeting other young Hungarian Americans. Cost is $250 per person. For more information, contact Maryann Parsons at 609-468-9679 or silkiechicken@ hotmail.com. South Bend branch hosts annual picnic SOUTH BEND, IN - The members of WPA Branch 132 invite their fellow members to the branch’s 8th Annual Picnic, Sunday, July 24, from 1:00 to 3:00 p.m. at Potawatomi Park Pavillion #1, South Bend. The branch will supply fried chicken, sausage, hot dogs, potato salad, soda, water, plates, napkins and utensils. Guests are asked to bring either a vegetable, salad, dessert or snack to share. WPA softball team members, their significant others and immediate family are also invited. Deadline for reservations is July 15. Call János Burus at 574-287-0590 or John Burus at 572-256-5281, or email john.e.burus@honeywell.com. Church plans 'Soup & Learn' program COLUMBUS — The Hungarian Cultural Association of Columbus will host its next “Soup & Learn” program Sunday, June 12, at the Hungarian Reformed Church, 365 E. Woodrow Ave., Columbus. Services begin at 10:00 a.m., folllowed by soup at 11:15 a.m. and the day’s program at about I 1:40 a.m. The topic for the day will be “Life Stories of Local Hungarians” featuring Mary Komives, whose parents helped found the Hungarian Reformed Church of Columbus, and Tibor Nagy, who left Hungary in the 1980s after being persecuted by the Communist government for his Christian beliefs. For more information, email tiszafolyo@yahoo.com. William Penn Life ° May 2016 ° T1
