According to reports, the European Commission along with the Hungarian Government has opened the e-health Ministerial Conference for 2011 in Budapest.

It had just been a day when the Economy Ministry of Hungary had promised that it’ll keep the budget deficit of the Government below 3% of the economic outputs. But, the next day follows more debt sold by the country than it had planned, at an auction.

The renewed pledge of tax cuts though kept markets on edge, but the Greece-style debt crisis upshot some damage. The Hungary's Government on Monday vowed to cut spending as it strove to repair the smash up.

Hungary consecutively cut its standard interest rate for the ninth month today, after the country's risk premium fell and the forint gained as anxiety about Greek contagion ebbed.

According to a study related to type 1 diabetes trends in Europe, the number of below-five-years children with type 1 diabetes would likely increase two times during the period 2005 to 2020.

Figuratively speaking, the total number of cases of type 1 diabetes among European children under 5 years would see a nearly twofold increase from 9,955 in 2005 to

Budapest - The Hungarian forint, fell to its lowest point ever against the euro on Tuesday morning, trading at around 287.5, having already hit a record low of 286.5 on Monday evening.

Budapest - The supply of gas from the Ukraine to Hungary did not drop on Friday, despite reports to the contrary, the Hungarian gas distributor FGSZ said Saturday.

The correct amount of gas was delivered Friday despite pressure in the pipeline having fallen slightly from the 47 bars stipulated in the supply contract, said Edina Lakatos, spokeswoman for FGSZ.

Budapest - Hungarian President Laszlo Solyom gave a sombre New Year's address on Thursday and called on the nation to find a way out of an economic and political crisis that, for Hungary, is well into its third year.

Budapest - In its latest move to whiten Hungary's huge black economy, the government has teamed up with the state-owned national lottery company to give shoppers the chance to win cash prizes if they demand a receipt for goods and services.

Budapest - The monetary council of the Hungarian National Bank voted Monday to cut the central bank's benchmark interest rate by half a percentage point, or 50 basis points, to 10 per cent.

The move was in line with the expectations of most financial analysts. It is the third such cut in a month.