Under a government decree, Hungary’s state-owned airliner Malév is now classified as a company of key strategic importance as of 07 a.m. this Tuesday. This means the company has been taken under bankruptcy protection.

Ensuring the independence of the central bank (NBH) and guaranteeing the normal functioning of the judiciary are preconditions for the start of formal talks with the IMF and the EU on financial assistance for Hungary, EU Commissioner László Andor says.

Despite its prosaic name, Hévíz (the word translates to thermal water) is a magical place. A trip here is an excellent way to brighten up the winter months. Managed by Hévíz Thermal Bath Ltd., the lake is considered a national treasure.

The Australian Ambassador to Hungary, John Griffin has invited guests to his new residence in the Buda Hills to celebrate Australia Day, the official national day of Australia. The Day commemorates the arrival of the First Fleet at Sydney Cove in 1788 and the proclamation at that time of British sovereignty over the eastern seaboard of New Holland.

Australia Day, commemorating the arrival of the First Fleet at Sydney Cove in 1788 and the proclamation at that time of British sovereignty over the eastern seaboard of New Holland, was celebrated this Thursday in Budapest.

Contributing to social change, engaging with people at a human level, fostering advancement in education and developing intercultural dialogue are only a few of the goals that the British Council has sought to accomplish in recent years.

The world faces the “urgent challenge” of creating 600 million productive jobs over the next decade in order to generate sustainable growth and maintain social cohesion, says the 2012 annual report of the International Labor Organization.

Opened in 1999, Hungarian Cultural Centre in London, a multifaceted institute provides a forum for people and ideas, enabling Hungarian artists to introduce themselves in Britain. The piece on it appeared in the December issue of Diplomacy & Trade.

The Diplomacy and Trade Business Club ('The Club') held its latest networking event at the Hotel Kempinski Corvinus in Budapest, presenting the latest issue of ‘Diplomacy and Trade’ that features a supplement on the Nordic countries.

Danish toymaker Lego will start construction of an 80,000-sqm plant in Nyíregyháza, NE Hungary this summer, according to, the general manager and vice-president of Lego Manufacturing Ltd., Lego’s Hungarian subsidiary.

Two Hungarians have been killed in an attack in northern Ethiopia and another Hungarian was slightly injured, Interpol's office in Ethiopia said. Two Germans and an Austrian were killed with two Germans and two Ethiopians kidnapped.

In remembrance of the Swedish diplomat who saved the lives of tens of thousands of Hungarian Jews in World War II, a series of events called the 'Wallenberg Year' was launched in Budapest on the day he was last seen in 1945.

Hungarian football (soccer) referee Viktor Kassai has been voted the world’s top football (soccer) referee in 2011 in a survey by the organization IFFHS, pushing previous year’s winner English Howard Webb to second place.

Hungary is the second safest country in the world regarding the storage of nuclear materials. That according to the Washington-based Nuclear Threat Initiative that has compiled a list after surveying hundreds of establishments all over the world.

To develop the relations between Latin America and Hungary, the Latin American Union, named LATIMO, was founded on Nov 28, 2011 by former diplomats, business people, commercial and economic experts and technical specialists.