Hungary takes over EU presidency

Hungary has taken over the rotating presidency of the European Union amid criticisms against Budapest over adoption of a new law, which is said to restrict freedom of press.

“A transformation of incredible speed and depth is happening throughout the world; Europe must be able to stand in a much stronger global competition than ever before,” Hungarian Prime Minister Viktor Orban said on Saturday.

Most important of all, Hungary will oversee talks about EU budget for 2014-2020 amid the blocs’ worsening debt crisis, AFP reported.

Meanwhile, the Organization for Security and Cooperation in Europe, European Parliament and countries such as Germany have criticized Budapest for enforcing a law, which they say, threatens the freedom of press in the country.

After Orban’s center-right Fidesz Party swept victory in the parliamentary elections in April and won two-third of the votes, his government became powerful enough to easily change laws and even the Constitution.

As part of the reforms, the government set up a new watchdog to regulate media content and impose fines when rules are violated.

The body will have the right to inspect media equipment and documents and to force journalists to reveal sources on matters concerning national security.