The New Economic Mechanism in Hungary, Reflected in the Romanian Quotidian Crişana (1968-1969)
The New Economic Mechanism in Hungary, Reflected in the Romanian Quotidian Crişana (1968-1969)

Summary/Abstract: A major economic reform that took place in the People’s Republic of Hungary started during the end of the 1960s. It was called The New Economic Mechanism or the NEM. The initiator of it was the Hungarian communist leader János Kádár.The government introduced economic regulators, i.e. indirect financial, fiscal, and price instruments used to influence enterprise activity. It also introduced a profit tax and allowed enterprises to make their own decisions concerning output, marketing, and sales.In a period of control and censorship, much information regarding the Hungarian NEM could get to the reading public of Oradea. The articles contanting all the concerning data presented in the newspaper Crisana, between 1968-1969, are analysed in the following study.

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