The governing Fidesz majority of Hungarian Parliament has ruled that from now on, the National Bank of Hungary may get a government-appointed Vice Governor, the headcount of the rate-setting Monetary Council can be increased.

The Hungarian government’s "insistence on its unorthodox policy mix, together with an ill-founded hope that international lenders will eventually drop their provisions," Roubini Global Economics sums up Hungary's current situation in its latest research.

“I am proud of much of our work here – on the environment; the economy and commerce; transparency; and tolerance," Greg Dorey who left his position as British Ambassador to Hungary early December told Diplomacy & Trade.

Coming on the heels of a warning message from European Commission President José Manuel Barroso, Hungary's Prime Minister Viktor Orbán has now received another tough message - this time from no other than US Secretary of State Hillary Clinton.

Former Hungarian premier Ferenc Gyurcsány - and several Members of Parliament who chained themselves outside parliament in an anti-government protest - were detained Friday among 26 demonstrators, police announced.

In recent years the number of tourists opting for Brazil as their destination has increased considerably as a result of the country’s continued promotion on the Hungarian market. In order to further boost tourism, a tourist workshop was organized recently.

Hungary-based real estate developer TriGránit has sold a majority stake in four of its Budapest buildings for some HUF 45 billion (EUR 148.12 m). The buyer is U.S.-based Heitman European Property that alreadyí bought Croatian assets from TriGranit.

The Governments of Hungary and the United States issued a joint press release on the occasion of the ninetieth anniversary of the establishment of diplomatic relations. Bilateral relations are "based on qualitatively new foundations" since 1989.

Preparatory talks between Hungary's government, the IMF and the European Union on a precautionary loan were interrupted on Friday, Amadeu Altafaj Tardio, spokesman for Economic and Financial Commissioner Olli Rehn said.

Hungarian Foreign Minister János Martonyi held talks on closer cooperation with Libya and Hungary's involvement in post-war reconstruction in the Libyan Tripoli in mid-December. Hungary would like to actively join in the reconstruction of Libya.

Hungary's National Development Ministry and National Asset Management Agency (MNV) jointly announced that the the state has acquired controlling interest in the exchange-listed Hungarian automotive company Rába after a public tender.

Talks between the Hungarian government and international organizations about a financial safety net began this Tuesday. Despite earlier government statements, Hungary is likely to get a credit facility with the same conditions as in 2008.

The Business Class of Swiss Airlines has been awarded the title 'Best Business Class in Europe' at this year's World Travel Awards. Our travel expert, Tamás Varga took the Zurich-Chicago route to experience what this class has to offer.

Lao and Hungarian government officials discussed cooperation in development projects between the two countries. Laos and Hungary have agreed to boost cooperation in trade, agriculture, education, health, tourism, energy and transport.

The Hungarian Minister for National Development Tamás Fellegi announced that he had tendered his resignation, asking the prime minister to relieve him of his post so that he has time to perform other important duties.