Finnish mobile phone maker Nokia announced the details of 4,000 job losses on Wednesday at plants in Hungary, Mexico and Finland.

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Nokia to carry out 4,000 job cuts

The country serves as a cautionary tale for those who argue that Greece could regain competitiveness by reintroducing its currency.

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Hungary, Once a Star, Loses Its Shine

Fitch becomes the third ratings agency to cut Hungary’s credit rating to junk status as deadlock with the IMF continues.

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Hungary given third junk rating

Market skittishness remained in evidence as an auction in Hungary fell short amid disarray over talks on a possible rescue package.

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French Borrowing Costs Nudge Upward in First Bond Sale of New Year

Tens of thousands of people protest against Hungary’s controversial new constitution introduced by the governing centre-right Fidesz party.

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Hungary rally over constitution

EU leaders say the UK is now the only country not backing a tax and budget pact on the eurozone debt crisis, after Hungary changes its stance.

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UK alone as EU agrees fiscal deal

Moody’s cut Hungary’s credit rating to Ba1 from Baa3, one notch into noninvestment territory, and Italy’s borrowing costs soared, adding to the sense that European leaders are losing control of events.

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Global Stocks Fall on Turmoil in Hungary and Italy

One of the world’s most wanted Nazi war suspects, Sandor Kepiro, 97, went on trial Thursday, in Hungary charged with the murder of 36 Jews and Serbs in Novi Sad, Serbia in 1942.

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Nazi war suspect’s trial opens

Hungary is cursed with a leader who is dangerously popular.

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Jeopardizing democracy in Hungary

No respite for victims of Hungary’s toxic sludge

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Red planet

The human rights group Amnesty International accuses Hungary of not doing enough to prevent violence against the country’s Roma population.

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Hungary accused of failing Roma

The aluminium plant responsible for a huge toxic spill in Hungary will resume production by Friday, according to government officials.

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Hungarian spill plant ‘to reopen’

The managing director of the company linked to Hungary’s red sludge spill was released without charge, for lack of evidence, his lawyer said.

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Court Frees Executive Arrested in Hungary Spill

Work crews in Hungary have almost completed a new dam to contain a possible second toxic sludge wave from a storage reservoir, while the government prepares to take over the company blamed for the disaster.

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New Hungary dam ‘almost finished’

Shocking safety lapses exposed by the deadly Hungary toxic sludge spill could be repeated at thousands of industrial sites around the world unless regulations are tightened dramatically, campaigners have warned.

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Groups: Spills could occur elsewhere