The Hungarian Prime Minister has nominated Minister of Foreign Affairs and Trade Tibor Navracsics to serve as Commissioner in the next European Commission (EC). Before the official announcement, Navracsics revealed his nomination on Twitter.

“There is an extensive presence of Dutch companies in this country and they require the attention of our Embassy,” the Dutch Ambassador in Budapest, Gajus Scheltema explains in a comprehensive interview in a recent issue of Diplomacy & Trade.

The European Commission announced the first results of its new EUR 3 billion SME Instrument program, launched under Horizon 2020 to help innovative small firms get ideas from the lab to the market. The first winners include three Hungarian firms.

Daniel Ricciardo of the Red Bull team won the 29th Hungarian Grand Prix car race at the Hungaroring circuit just east of Budapest on Sunday ahead of Ferrari’s Fernando Alonso and 2013 winner Mercedes driver Lewis Hamilton.

Hungarian contemporary author László Krasznahorkai, the author of 16 books, is the 2014 recipient of the America Awards - considered by many as the ‘Alternative Nobel Prize for Literature’ - for a lifetime contribution to international writing.

The Croatian government is urging talks on a secured loan to buy back shares of oil and gas company INA from Hungarian counterpart MOL, Croatian Economy Minister Ivan Vrdoljak was reported by portfolio.hu as saying.

A monument that the Hungarian government says is that of the victims of the Nazi occupation in Hungary was completed under the cover of darkness in downtown Budapest in order to avoid protests. The government says there will be no inauguration.

15-year-old Bence Balzam from the northern Serbian settlement of Op¹tina Beèej (or Óbecse, with substantial Hungarian population) won this year's cross-Balaton swimming between Révfülöp and Balatonboglár this past Saturday.

Microsoft Corp announced on Thursday that it plans a "phased exit" from the town of Komárom, W of Budapest, where Nokia employs 1,800 people. The Hungarian arm of German carmaker Audi said they might be able to help those that will be laid off.

The Hungarian European Business Council, incorporating the most important international companies present in Hungary, has published its 16th annual report, calls on the Hungarian government to create "sustainable and inclusive growth".

The European Commission opened infringement proceedings against Hungary last week over the country’s new electronic toll collection (ETC) system and the unsatisfactory implementation of several EU directives, the MTI news agency reports.

German car-maker Audi is to introduce a three-shift operation in the middle of August, this year at its plant in Gyõr, Northwest Hungary. The company says the reason for the change is growing demand for its premium models, especially the TT and the TTS Coupé.

The Hungarian capital welcomes the continent's best waterpolo teams in the next two weeks, starting on Monday, July 14. At the tournament, the host nation is among the favorites both in the men's and the women's fields.

Northern Budapest side Újpest FC (the 2014 Cup Winners) won the Hungarian football Super Cup on Friday after a penalty shoot-out against this year's league champions Debrecen following a golless draw in the Hungarian capital's Puskás Stadium.

Lieutenant-General Frederick Ben Hodges, Commanding General, NATO Allied Land Command has paid a visit to Hungary where he met with several commanders of the Hungarian defence forces, discussing Hungarian contributions to NATO operations.