A proposal to be put before Hungarian Parliament this fall suggests the establishment of a ‘Hungarian Depository – Hungaricum House’. The institution would have a budget of HUF tens of billions.

German and Swiss investors are to build an 800-MW power station in the southeastern Hungarian city of Szeged. The project is to be completed in 2015.

The Grassalkovich Castle in the town of Gödöllõ, just east of Budapest will be the central venue for the Hungarian Presidency of the European Union in the first half of 2011, hosting the meetings of EU ministers. It comes as no surprise as the town and the previous Hungarian government also contemplated this idea.

The Speaker of Hungarian Parliament, Pál Schmitt, is the new President of the Republic of Hungary as he took office with the expiry of the term of his predecessor, László Sólyom