As expected the Parliament accepted the 2009 budget with 209 votes in favor and 171 against. Liberal SzDSz kept its promise and voted with the government in favor of the budget. The main number were set; the revenue is Ft8,300.2 billion, the expense is Ft8,961 billion while the deficit is set at Ft660.8 billion. more »

Learning how to live with the different and challenging “other” is no longer an option, but rather a neccessity in today’s world. There are various cross-cultural institutes, associations, and countless forums, training people in acceptance and interest towards their unlikes. Few give a thought that cross-cultural marriage could be one of the most successful, and beautiful of such trainings… more »

Moni Oyeyele talks to Buddhist teacher and philosopher Tenzin Tsepag. more »

Vegyépszer Zrt, one of the largest industrial property developing company of Hungary lays off 250 workers, which is almost 30 % of the workers. more »

Approximately eight hundred Slovakian employees gave their renounciation in the Suzuki factory in Esztergom hoping to receive three months payment, reported Slovakian Új Szó. more »

The representatives of the Hungarian Develpment Bank and the Japanese SBI Holding Inc signed a declaration of interest in creating a Japanese-Hungarian venture capital fund of EUR100 million, reported Hungararian economical daily, Világgazdaság. more »

The Hungarian budget policy is adequate, concluded James Morsink leader of the delegation of the International Monetary Fund (IMF). The IMF analysts came to examine the fiscal policy measures taken since the loan agreement have been concluded between Hungary and the IMF in November. more »

Refugees are a symbol of our turbulent times. As each new conflict erupts, the world’s newspapers and television screens are filled with pictures of masses on the move, fleeing from their own countries with just the clothes on their back and the few possessions they are able to carry. more »

The market conditions which major world economies have been experiencing over the past 3 months have battered even the most experienced investor. The ‘perfect storm’ of mortgage-backed investments, falling real estate prices, failing retail and investments banks, and imploding equity markets, has once again reminded investors that markets can turn, and turn quickly. more »

Greater competition and new opportunities will arise in the CEE retail sector, according to a recent survey of property consultant CB Richard Ellis. more »