The Csodalámpa Foundation has fulfilled the wish of another child. This time, it was a 13-year-old boy who received a valuable gift from the Foundation that is the beneficiary of the raffle income of this year’s Best of Budapest and Hungary Gala.

The European Bank for Reconstruction and Development (EBRD) has named Hungary's former central bank Governor András Simor as Vice President for Policy. Reporting directly to the President, he will also be a member of the Bank’s Executive Committee.

The Monetary Council of Hungary’s central bank (MNB) has decided to lower the base rate by 25 basis points to an all-time low of 5.00% on Tuesday, in line with the market’s call. It was the first rate setting under newly appointed Governor György Matolcsy.

Budapest Week Publishing presented the most outstanding restaurants, hotels and winemakers of the past year with the coveted Best of Budapest & Hungary Award during 20th of such galas in the Hungarian capital this past Saturday evening.

Having established the Hungarian National Talent Support Council in 2006, internationally renowned biochemist and talent researcher, Professor Péter Csermely talked to a recent issue of Diplomacy & Trade presenting Hungarian personalities.

Hungary-based real estate mammoth TriGránit Management Corporation (TGM) announced to have won the full Property Management mandate for South Sofia Ring Mall, a unique project housing various facilities, portfolio.hu reports.

"The Government of Hungary’s decision to award a national prize to Ferenc Szaniszló, an individual who has publicly engaged in hate speech, is deeply disappointing," according to the American ambassador to Hungary, Eleni Tsakopoulos Kounalakis.

“I am partially Irish, partially Hungarian. I grew up in Ireland with a Hungarian father and an Irish mother and with a Hungarian name that nobody could pronounce.” Nick Kós, Country Managing Partner of PWC Hungary told Diplomacy & Trade.

Irish Ambassador Kevin Dowling has been in Hungary since the summer of 2012. Recently, he gave an interview to the Irish country focus section of Diplomacy & Trade, talking about bilateral relations as well as his experiences in Hungary.

Deputies of Hungary’s ruling Fidesz party approved a set of changes to the country's constitution which critics, including the European Union's executive and several member-state foreign ministers, say pose a danger to democracy and the rule of law.

The Diplomacy & Trade Business Club (The Club) presented the Swedsh focus of Diplomacy & Trade in the Iberostar Grand Hotel in Budapest with diplomats, businesspeople and members of the Swedish community in Hungary attending the event.

Hungary may re-open its embassy in Nigeria later this year as part of the country’s opening towards sub-Saharan Africa, according to an interview with Deputy State Secretary Szabolcs Takács of the Hungarian Foreign Ministry.

Budapest Week Publishing has collected a nice sum in charity at its recent Valentine’s Day Gala evening. The proceeds from that event are used to fulfill the wishes of two children through the Csodalámpa (Magic Lamp) Foundation.

The Hungarian government is planning to impose a new tax, according to a bill on meteorology. The ‘service fee’ would be 0.5% of the annual advertising revenues of any media - irrespective of whether they broadcast weather forecasts/reports or not!

Japanese car parts maker TS Tech Co. Ltd. is setting up a plant in Százhalombatta, south of the Hungarian capital, Budapest. The Hungarian subsidiary, TS Tech Hungary Ltd., is to be established with a capital of EUR 3 million.