Ratings agency Standard & Poor's (S&P) has downgraded Hungary from BB+ to BB, while keeping stable outlook for the country's debt. The Hungarian currency started to weaken but the Hungary dismissed the downgrading as a “hollow measure”.
Ratings agency Standard & Poor's (S&P) has downgraded Hungary from BB+ to BB, while keeping stable outlook for the country's debt. The Hungarian currency started to weaken but the Hungary dismissed the downgrading as a “hollow measure”.
The number of Hungarians studying abroad under the Erasmus student exchange project in the 2011/2012 academic year increased by about 4.5% compared to the previous year. the numbers have been steadily rising over the past years.
French vegetable producer Bonduelle has built a new, 5,000-square-metre warehouse in Békéscsaba, southeast Hungary, in a EUR 1.5 million investment project. The company says it has further investment plans lined up.
The International Monetary Fund (IMF) and the European Commission will wait for the approval of the 2013 budget and then there could be further development in the current negotiating stage, Hungary’s chief aid negotiator Mihály Varga said this Tuesday.
A recent issue of Diplomacy & Trade has run a piece on the Japanese organization SHOKOKAI in its Japanese country focus section. The organization is exchanging information that can be useful for the management of the Japanese companies present in Hungary.
The Hungarian Ministry of Foreign Affairs follows with great concern the situation in the Middle East, resulting in the Gaza Strip rocket attacks on Israel, which responded militarily to protect its population, the Ministry said in a statement.
The number of foreigners living in Hungary for a longer period of time has increased by nearly 50%, from 142,000 to 205,000, since Hungary joined the European Union in 2004, the Hungarian business weekly HVG published this Thursday.
A Hungarian court sentenced Croatian Deputy Prime Minister Radimir Cacic to one year and ten months in prison on Wednesday. Cacic, 62, received the sentence in absentia for causing a fatal road accident in which two people died in Hungary in 2010.
Fighter aircraft of the Hungarian air force will be in charge of policing the airspace of Slovenia and the Baltic states under a NATO agreement, Defense Minister Csaba Hende said on Tuesday. These NATO countries do not have an air force of their own.
Hungary offers a total of 87 investment opportunities in various sectors including 35 in tourism, 17 in renewable energy, 15 in IT and telecommunications to Arab investors at the 1st Arab Hungarian Economic Forum held in Budapest November 12-13.
The Japan Foundation, Budapest encourages cultural collaboration between Hungary and Japan by organizing programs and making contributions to various festivals and exhibitions in the fields of film, dance, theater, literature and photography.
Irish Prime Minister Enda Kenny is on a working visit to Hungary as part of traveling the member states of the European Union on the occasion that Ireland is due to take over the rotating Presidency of the EU as of January 1, 2013.
In the First District of the State of Maryland, incumbent Andy Harris has been re-elected to the United States House of Representatives. He is the only member of Hungarian origin the U.S. Congress, part of the Republican majority.
The European Court of Justice has ruled that the radical lowering of the retirement age for Hungarian judges constitutes unjustified discrimination on grounds of age. The Hungarian Constitutional Court already deemed this law unconstitutional in July this year.
The President of the Hungary-Japan Economic Club, Sándor Kiss, has been involved in bilateral relations for three decades. In the Japanese Focusof the a recent issue of Diplomacy & Trade, he talked about the past and present of these relations.
