Articles by Date

November 2011

23 hits

Hungary Central Bank raises base tax rate

Nov 29, 2011

Hungary’s central bank (MNB) has raised its key policy rate by 50 basis points to 6.50% on Tuesday, in line with expectations. Although today’s rate call was in line with expectations, it does represent a turnaround in monetary policy.

Thomas E. Stocking | Dávid Harangozó

Law Enforcement Academy in Budapest

Nov 28, 2011

Due to an increasing level of international crime with many of the criminal enterprises having their roots in the CEE region, the United States and Hungary established the International Law Enforcement Academy (ILEA) in 1995.

Huba Brückner | Dávid Harangozó

Record Number of Fulbright Applicants in 2011

Nov 24, 2011

Since its inception in Hungary 33 years ago, the Fulbright program has brought some 900 American scholars, students, artists, and scientists to Hungary, and an equivalent number of Hungarians to America, for research, teaching, and different joint projects.

India's ambassador to Hungary

Hungary to expand strategic cooperation with India

Nov 23, 2011

Hungary is striving to expand its strategic cooperation with India both in terms of trade and joint investments, Deputy State Secretary in Hungary’s National Economy Ministry, Balázs Hidveghi told a conference on India this Wednesday.


DT Club at Iberostar Grand Hotel Budapest

Nov 22, 2011

The newly opened Iberostar Hotel presented itself to the partners of Diplomacy & Trade. The Spanish Iberostar hotel chain opened its first city hotel in the heart of Budapest. The creations of the Spanish chef, Juan Carlos González were a great success.

Minister György Matolcsy | MTI / László Beliczay

Hungary seeks new IMF deal

Nov 18, 2011

Hungary expects to sign a new agreement with the International Monetary Fund (IMF) and the EU early next year, the country's Economy Ministry said on Friday. Hungary, in a reversal of policy, wants to see the IMF act as an "insurance".


First Hungarian satellite to be launched next year

Nov 16, 2011

Earlier than originally planned, the first satellite made entirely in Hungary, Masat-1 may be launched into orbit on the first mission of the new Vega rocket of the European Space Agency from Kourou, French Guyana at the end of January 2012.


Hungary PM on growth target 2012

Nov 11, 2011

Attaining the 1.5% GDP growth targeted for 2012 will be "extremely difficult", Hungarian Prime Minister Viktor Orbán said at the London School of Economics on Thursday. The EU projects Hungarian GDP to be 0.5% next year.


Polish Independence Day

Nov 10, 2011

Hundreds of guests gathered Thursday evening in the Museum of Fine Arts in Budapest's Heroes' Square to celebrate the Day of Polish Independence at the invitation of Poland's Ambassador to Hungary, Roman Kowalski.

In his speech, Ambassador Kowalski stressed that "Freedom has always been for us, Polish people, a motor of activity, a priceless value for which we were and still are able to sacrifice a lot. That’s why this day – an anniversary of retrieving independence by Poland has a special dimension for us. Although it is a very joyful day, it also has a dimension full of reflection. It is also a day of remembering of those who paid the highest price for Polish independence."

He added that "93 years ago Poland returned to the map of Europe after 123 years and now how symbolic is 11th November 2011 when Poland is holding the rotating Presidency in the Council of the European Union and it turns out that in many aspects in Europe we are given as an ex ample to be followed. We are proud of this and we know that today the success of Europe becomes a guarantee of our independence."

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