Denmark’s Grundfos, one of the world's leading pump manufacturers, is to build its fourth Hungarian pump factory in Székesfehérvár (60 kilometres west of Budapest) in a HUF 4 billion (EUR 13.46 m) green-field investment.

The largest tennis event of the year in East-Central Europe, the Budapest Grand Prix international women’s tournament - with prize money of USD 220,000 - takes place this year from April 30 to May 5 in the Hungarian capital.

The Hotel Le Méridien Budapest hosted the latest DT Club event where a constitutional expert spoke about the changes introduced by the current government. In the meantime, the news emerged that a new President is nominated.

The Hungarian Ministry for Foreign Affairs and the Ministry of Defence issued a joint statement at the anniversary of the signing and entering into force of the Treaty on Open Skies, which allows for unarmed observation flights over its participants.

Mercedes’ new plant was inaugurated in Kecskemét, East Central Hungary, on Thursday in the presence of Prime Minister Viktor Orbán and Dr Dieter Zetsche, CEO of Daimler AG. The day also saw the start of the production of the new B Class models.

The 1992 doctoral thesis by current Hungarian President Pál Schmitt was found to have contained "duplications" on the works of other authors but it was not his fault but that of the university that accepted his dissertation.

On the occasion of this week's Hungary-Latin America Forum in Budapest, Jaime Gornsztejn of the Brazilian Development Bank gave an exclusive interview to Diplomacy & Trade about the business opportunities Brazilian firms look for in Hungary.

New investors and Chinese-owned companies that are already active in Hungary but in different sectors show interest and can enter the local car parts production scene, the business daily Napi Gazdaság reported on Wednesday.

Albanian Premier Sali Berisha began an official visit to Budapest on Monday at the invitation of his Hungarian counterpart, Viktor Orbán. The Hungarian Prime Minister stated that Hungary supported Albania's accession to the European Union.

European Commission President José Manuel Barroso indirectly stated to Hungarian Prime Minister Viktor Orbán on March 16 that Orbán lacks understanding of what democracy is. Papers in Western Europe quote from Orbán’s anti-EU speech.

Budapest Airport, the operator of the Liszt Ferenc International Airport, will be closing down Terminal 1, spokesman Mihály Hardy said. After the collapse of the country’s national carrier Malév, Terminal 2 is sufficient to manage the reduced traffic.

European Union finance ministers adopted a Commission proposal to suspend Cohesion Fund commitments for Hungary from 2013, Margrethe Vestager, Danish Minister for Finance, told a press conference on Tuesday.

The Hungarian Embassy in the Syrian capital, Damascus also provides political representation of Canada as of March 5, 2012. An agreement on this matter between Hungary and the North American country was concluded this Tuesday.

Following an increase in the figures in January, the number of new passenger car registrations has grown in Hungary once again in annual terms in February, too, the financial website portfolio.hu quotes Datahouse data.

Sports clothing, which will be worn by the members of the Hungarian team at the 2012 Summer Olympic Games in London, have been presented by models in Budapest. It took place during the traditional Travel exhibition at the Hungexpo Fair site.