"HUungary could secure a new funding deal worth as much as e20 billion (R205bn) with international banks by March or April, a government official said yesterday as economic sentiment in the emerging European economy plunged to a two-year low."
more business & finance news »

"Massive crowds of Hungarians marched the streets of downtown Budapest Saturday to object to what they see as foreign infringement of the country’s sovereignty and to show their appreciation of Prime Minister Viktor Orban’s government."
more current affairs news »

"Hungarian Prime Minister Viktor Orban tried to move closer to a deal with the European Commission on Tuesday to rework laws critics say undermine democracy so he can revive stalled international aid talks."
more current affairs news »

"Adding to the pressure the European executive has launched legal action against Hungary over contested reforms of its judiciary, central bank and data protection authority. Hungarian Prime Minister Viktor Orban is to travel Tuesday to Brussels to meet Commission President Jose Manuel Barroso to discuss the dispute.W
more current affairs news »

"Several thousand people have rallied in support of a Budapest radio station critical of the government which may soon be forced to shut down after losing its license in a disputed tender."
more current affairs news »

"At least 100,000 people have rallied in Hungary's capital Budapest in support of embattled Prime Minister Viktor Orban and his government. Participants carried banners in foreign languages, appealing to the European Union to respect Hungarian sovereignty."
more video news »

"Hungarian Prime Minister Viktor Orban gave the first concrete evidence on Friday that he is backing down in a dispute with the European Union, aiming to free up talks on aid needed to prop up its battered financial markets."
more current affairs news »

"Hungary’s prime minister on Friday backed down further in a legal clash with the European Union, saying his government was ready to change disputed laws even if it was convinced of their validity."
more current affairs news »

"Unlike Greece, Spain and Italy, Hungary does not use the euro single currency, but it is afflicted by similar debt problems. Fears are now growing that Hungary could go bankrupt, prompting it to request help from the European Union and the International Monetary Fund. So is Hungary the next step on Europe's path to meltdown?"
more current affairs news »

"Another conciliatory noise from Budapest, this time something quite specific – which could help persuade sceptics that Viktor Orbán, the prime minister, is at last serious about making concessions to reach a EU/IMF deal. Orbán said on public radio on Friday that Hungary would abandon a planned merger of the central bank and its financial markets regulator – a key point of dispute with Brussels."
more current affairs news »

"Among the victims is Sandor Feher, 38, of Budapest, who worked on the ship as an entertainer. According to an article in the Telegraph, Feher helped children into their life jackets before returning to his cabin to save the violin, with which he made his livelihood."
more community & culture news »

"The International Monetary Fund may require Hungary to change its flat personal income tax as part of a bailout agreement, according to a person familiar with the Washington-based lender’s preparations for the talks. The flat tax will be an important part in any program discussion, said the person, who declined to be identified because official talks haven’t started."
more business & finance news »

"Malev, a member of the oneworld airline alliance, operates scheduled flights to over 30 countries and offers access to flights in 150 countries via associated oneworld members. With its online booking service growing rapidly, Malev was looking for a Payment Service Provider who offers a broad payment product portfolio to ensure customer satisfaction, best practice consultancy to drive conversion rates, and an easy-to-implement solution."
more travel news »

"The European Commission must take action to ensure that Hungary’s new Constitution and media laws are brought into line with EU human rights standards, Amnesty International said today. The new Constitution, which took effect on 1 January, may create barriers for citizens to complain to the Constitutional Court and discriminate against LGBTI people in Hungary, while restrictive media laws introduced in late 2010 threaten freedom of expression."
more current affairs news »

"Hungarian Prime Minister Viktor Orban is expected to travel to the French city of Strasbourg on January 18 to defend his government's policies during a European Parliament debate. Orban's conservative government has come under heavy EU pressure over recently adopted laws which critics say unduly concentrate power in the hands of the government."
more current affairs news »