Three companies announced group layoffs dismissing altogether more than 3000 workers in the last couple of days as the effect of decrease in demand due to the financial crisis. more »

As a part of the government’s crisis management- and economy-stimulating program a capital-attracting- and -supporting program will be launched for the strategic sectors, such as the vehicle industry, biotechnology, logistics and information and communication sectors, reported Hungarian Daily, Világgazdaság. more »

Key figures of the contemporary Portuguese jazz scene, Maria João and pianist Mario Laginha will perform their new CD, titled Chocolate in Budapest’s Palace of Arts (MüPa) next Monday (Dec 8). more »

The House approves the first crisis-budget, temporarily abolishing 13th month pensions. more »

Despite the decision of the parliamentary faction of liberal SzDSz to vote against the taxation- and- contribution amendments suggested by the government, the legislation amendments went through. more »

The Independent Smallholders National Party (FKNP) announced their withdrawal of trust from Zoltán Lengyel and asked him to leave the party. more »

Approximately 20 thousand people, the members of 30 civil/servant trade unions participated in the demonstration held on Kossuth tér November 29, to protest against the restrictions concerning civil servants. more »

Hungarian citizens will be able to travel to the US visa-free for up to 90 days from November, Hungarian daily Népszabadság wrote last Friday (Oct 10). more »

Presenting a new alternative to voters tired and disappointed of the bipolar political landscape in Hungary, a new political formation stepped onto the scene last week. more »

Hungary will increase the GDP proportionate amount of its defence expenses by 0.2 percent in the next five years. more »