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Economic Reforms

Hungary’s New PM Faces Tough Budget Test Amid Euro Ambitions

Hungarian Prime Minister Peter Magyar is preparing to unveil his first major budget, facing the difficult task of reducing public spending while keeping the election promises that secured his decisive victory over former Prime...

Cuba Approves Historic Economic Reforms, Opening Door to Private Enterprise

Cuba’s National Assembly has unanimously approved a sweeping package of more than 175 economic reforms that could mark the country’s biggest shift toward a market economy since the 1959 revolution. Backed by the Communist...