Samsung SDI Hungary, located in Göd, northeast of Budapest, is closing down. It was was the second-largest local unit in the country that manufactured color picture tubes (CPT), plasma display panels (PDP) and mobile phone displays.

“As the term of the current government expires, I will finish my foreign service.” That is what Hungarian Foreign Minister János indicated to the Hungarian news portal [origo] when asked at a conference this Tuesday in Budapest.

The governing party Fidesz won the Hungarian parliamentary elections held this Sunday. It is yet to be seen whether Viktor Orbán's party can retain its two-thirds majority since a few constituencies are too close to call.

In a thoroughly substantiated opinion written for a recent issue of Diplomacy & Trade, constitutional lawyer György Kolláth is of the view that the new election rules introduced by the governing two-thirds majority clearly favor the governing party.

Hungarians go to the polls this Sunday to elect a new parliament under new rulesset by the current government and passed by the governing two thirds majority - rules that are considered by experts to produce more disproportionate results.

The Hungarian Government will give its full support to any sanctions approved by the European Union against Russia in connection with the crisis in Ukraine, Foreign Minister János Martonyi has said on CNN, the Hungarian Foreign Ministry reports.