The latest "State of the Internet Report" says Hungary is among the top countries in the world regarding the average connection speed, the proportion of broadband connections and penetration from mobile networks, as well.

In early 2012, a new retail format, a multi-level Outlet Plaza will open its doors in central Budapest. The 10,000-square-meter retail center is a new retail format in Hungary, as outlets are usually located outside of the city.

Hungarian restaurateur George Lang passed away on the fifth of July in his home in New York City at age of 86. Born in Hungary, he learned music, his fate took him to New York city where he gave up music and got involved in gastronomy.

This week sees the end of production at the Miskin plant of the German automobile components manufacturer Bosch in South Wales as work is transferred to the company's plant Hungary where labor costs are lower.

ArchiCAD, a 3D architectural design software revolutionized architectural planning all over the world. As one of Hungary’s most important innovations, it has reaped great successes of all kinds for its inventor: rewards, recognition, profit.

A recent government decision has approved plans for Hungary to divest its stake in Budapest Airport, the company which operates the city’s Ferihegy Airport. The decision has appeared in the latest issue of the Hungarian Gazette.

New car registration in Hungary grew by 12.1% year on year in May 2011, Datahouse statistics showed on Wednesday. Some analysts suggest that the new buyers may be those well-paid who are favored by new flat-rate income tax.

Malév Hungarian Airlines incurred a loss of HUF 24.56 billion (EUR 91.32 m) in 2010, the carrier’s balance sheet approved by a shareholder meeting on Friday showed. The figure is a bit better than the year before but worse than projected.

Hungary has bought back a 21.2% stake held by Russia’s Surgutneftegaz in fuels group MOL. The deal, to be completed August 31st this year, is worth EUR 1.88 billion and will be paid for from previously drawn IMF grants.

The insurance company Groupama Garancia confirmed its market position in Hungary in 2010, following its well-defined strategy. CEO Yann Menetrier gave an overview of the company’s situation, the business environment, and its plans.

A manufacturer of fine silver flatware and home accessories, the House of Christofle, possesses an exceptional heritage that retraces a rich history spanning nearly two centuries. Its clients in Hungary include the country's two Michelin star restaurants.

Half a century – the Legrand plant in Szentes, southeast Hungary, celebrates its 50th anniversary in 2011. If you also consider its legal predecessors in Hungary, the period to celebrate is over nine decades.

A new EU task force met for the first time this week on the fringes of e-Health week in the Hungarian capital to assess the role of information and communications technologies (ICT) in health and social care.

For innovation social trust is needed and in Hungary, especially in a wider European context, it is much harder as this country faces dual challenges - says professor Elemér Hankiss, the founder of the Invent Hungary Again! movement.

Hungary’s Magyar Telekom, controlled by Deutsche Telekom, has announced on Wednesday that it has embarked on a large scale modernisation of its mobile network with its long-standing partner, Ericsson.