Posted by Press Release Original Text
Latest News, Press Releases
Thursday, December 23rd, 2010
The Google Lunar X Prize is offering the largest international incentive prize of all time: A total of $30 million in prizes are available to the first privately funded teams to safely land a robot on the surface of the Moon and have that robot travel 500 meters over the lunar surface and send images [...]
Posted by Andras M. Badics
Latest News, Top News
Monday, December 20th, 2010
Hungarian state prosecution on Monday has initiated the release of home birth activist Agnes Gereb, from police custody. Imprisonment is to be replaced by home confinement, during the pending legal procedure for the death of an infant allegedly strangled by Gereb. Gereb has been under preliminary police custody since October, after an incident resulting in [...]
Posted by Tamas S. Kiss
Business, Latest News, Top News
Friday, December 17th, 2010
Ironically Hungary was to adopt the European common currency, the Euro, in 1999. Nevertheless experts said that the 2014 (another one of the uncertain dates) new deadline calls for an extremely strong Euro. Hungary said that despite the fact that a strong Euro may give Hungary cause to worry on the new adoption date, it [...]
Posted by Tamas S. Kiss
CEE, Latest News
Friday, December 17th, 2010
The majority of Poles have welcomed their recently sworn-in Black African MP John Godson, an independent survey revealed. More than 1,000 Polish commuters were allegedly asked about their views of Godson’s appointment. Some 70% said they believe he was “God-sent”, as Poland needs a modern age diverse Parliament, leaning away from the “old-school-ism.” Only 5% [...]
Posted by Andras M. Badics
Latest News, Politics, Top News
Monday, December 13th, 2010
Several NGOs protested on Sunday against pension reform saying the Government is desperately forcing its citizens to leave their private pension funds for a state account so the budget can be sustained, despite officials claiming that the move is voluntary. PM Viktor Orban in a Facebook video message reacted that the move intends to alleviate [...]
Posted by Andras M. Badics
Business, Latest News, Top News
Monday, December 6th, 2010
Hungary’s sovereign credit rating on Monday was reduced to Baa3 from Baa1 by Moody’s Investors Service, according to Bloomberg. Baa3 is the lowest investment grade, and one step away from speculative, or “junk” category. The Hungarian Forint weakened after the announcement. “Today’s downgrade is primarily driven by the Hungarian government’s gradual but significant loss of [...]
Posted by Andras M. Badics
Latest News, Politics, Top News
Wednesday, December 1st, 2010
Continued support post-election is virtually unheard of in Hungary, according to analysts, but the Government has kept its two-thirds majority fully intact, several recent polls show. It’s no surprise, according to Government Spokesperson Anna Nagy who on Tuesday said the cabinet’s first “semester” has been characterized by dynamic decision making including 80 decrees, 131 rulings [...]