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Pro-Government Media Avoids Reporting on Euro-Forint Exchange Rate Turbulence

Hungary’s currency appeared to be in free fall on Wednesday, but the country’s pro-government media generally preferred to avoid the topic completely, writes HVG.

The Hungarian forint was trading at 413 against the euro on Wednesday afternoon, and by 3:00pm it had dropped to around 416.

HVG took a look at the major government-boosting media outlets to explore how they were covering the issue, but by 4:30pm on Wednesday, none of the websites for Origo, Magyar Nemzet, or hirado.hu (public media) had a single story about the forint’s rough ride in the markets that day on their front pages.

Only Pesti Srácok had published a story, below the fold, on the plummeting exchange rate. However, the leading story here was the same as on hirado.hu: “Historic Victory Over the Irresponsible European Left.”

HVG also looked at the websites for a few tabloids, but the situation was the same, with their only economic news focusing on the government’s utility price cut policy and higher parking rates in Budapest. [HVG]

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Posted in Economy

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