The governing Fidesz majority of Hungarian Parliament has ruled that from now on, the National Bank of Hungary may get a government-appointed Vice Governor, the headcount of the rate-setting Monetary Council can be increased.

The Hungarian government’s "insistence on its unorthodox policy mix, together with an ill-founded hope that international lenders will eventually drop their provisions," Roubini Global Economics sums up Hungary's current situation in its latest research.

The Hungarian Minister for National Development Tamás Fellegi announced that he had tendered his resignation, asking the prime minister to relieve him of his post so that he has time to perform other important duties.

Earlier than originally planned, the first satellite made entirely in Hungary, Masat-1 may be launched into orbit on the first mission of the new Vega rocket of the European Space Agency from Kourou, French Guyana at the end of January 2012.

The President of the Hungarian Olympic Committee, Zsolt Borkai says the target to be achieved by Hungarian participants, whose number is estimated to be 140 athletes, at the Summer Olympic Gamesin in London in 2012 is ten medals.

11 Hungarian tourists were killed and 29 others injured when their bus overturned in the Egyptian resort city of Hurghada, 510 kms from the capital Cairo. Four of the injured - a man and three children - are in serious condition.