Huge rally in Hungary to back govt in EU row

Last Updated: Sunday, January 22, 2012, 10:23

Labelled a March of Peace, the demonstration was by far the largest rally since Hungarian government took power in May 2010.

EU steps up legal pressure on Hungary over laws

Last Updated: Wednesday, January 18, 2012, 00:32

European Commission said it would take legal action against the Hungarian government.

Hungarians protest against govt`s new Basic Law

Last Updated: Tuesday, January 3, 2012, 10:10

Tens of thousands of Hungarians protested in Budapest on Monday against the government and its new Basic Law.

S&P downgrades Hungary credit rating to junk

Last Updated: Thursday, December 22, 2011, 14:12

S&P also lowered the country's long-and short-term foreign- and local-currency sovereign credit ratings by one notch to BB+ from BBB.

Hungary tech firm immortalises Steve Jobs in bronze

Last Updated: Thursday, December 22, 2011, 10:14

A Hungarian software company unveiled what it said was the world's first bronze statue of Apple Inc co-founder Steve Jobs on Wednesday, calling him one of the greatest personalities of the modern age.

Hungary aiming for 10-15 billion euro IMF-EU deal: Analysts

Last Updated: Saturday, December 10, 2011, 23:48

Hungary's government is aiming for a 10-15 billion euro package from the International Monetary Fund and the European Union to stabilize its economy, preferably with lighter terms, but would be also willing to accept a stricter deal, bank analysts said.

Moody's cuts Hungary's rating with negative outlook

Last Updated: Friday, November 25, 2011, 14:17

Moody's slashed Hungary's government bond rating to "junk" late on Thursday, citing high debt levels, weak growth prospects and uncertainty about its ability to meet fiscal goals, in what the government called part of "financial attacks" against the country.

Maruti to cut diesel engine exports to Hungary, focus on India

Last Updated: Thursday, August 4, 2011, 13:21

Looking to hit back at competitors with the new version of its premium hatchback Swift, Maruti Suzuki India Thursday said it will drastically cut exports of diesel engines to Hungary to concentrate on the Indian market.