“Nothing makes me more proud than serving my country in this capacity, it is a tremendous honor,” the Ambassador of the United States of America to Hungary, Eleni Tsakopoulos-Kounalakis tells Diplomacy and Trade.

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.

The National Bank of Hungary believes the recent depreciation of Hungary’s forint is not justified by the fundamentals of the country’s economy a gradual tightening of monetary conditions may become necessary in Hungary.

Hungarian Foreign Minister János Martonyi decorated on Saturday several officials from foreign countries for their efforts to contribute to the success of Hungary’s European Union Presidency during the first half of 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.

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."

Hundreds of guests gathered Wednesday 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.

The President of the Hungarian Olympic Committee, Zsolt Borkai says the target to be achieved by Hungarian participants, whose number is estimated to be 140 athletes, at the Summer Olympic Gamesin in London in 2012 is ten medals.

Sunday, November the 20th, 2011 the Diplomatic Spouses of Budapest will organize a big Diplomatic Fair to raise money for its charity Institutions and to celebrate the 10th anniversary of the foundation of the organization.

11 Hungarian tourists were killed and 29 others injured when their bus overturned in the Egyptian resort city of Hurghada, 510 kms from the capital Cairo. Four of the injured - a man and three children - are in serious condition.

11 Hungarian tourists were killed and 29 others injured when their bus overturned in the Egyptian resort city of Hurghada, 510 kms from the capital Cairo. Four of the injured - a man and three children - are in serious condition.

The former ambassador of the Republic of Korea to Hungary, Chung-ha Suh who left Budapest in September, wrote a lovely piece for Diplomacy and Trade about his fascination with music that connect lots Koreans and Hungarians.

Hungarian-born American billionaire investor György (George) Soros said in Budapest this Thursday that the current euro crisis has the potential to destroy the cohesion of the European Union, mainly due to its political nature.

The chairman of the Portuguese-Hungarian Chamber of Commerce, László Hubay Cebrian talks to Diplomacy and Trade about how the organization wishes to enhance business ties between the Potuguese-speaking world and Hungary.

Hope and pride from one of the darkest periods of Hungarian history may also yield a permanent, positive mark in a new form of tourism, “Resistance Heritage Tourism,“ drawing largely on the Diplomatic Community of WWII Budapest.