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Prime Minister Orbán favored Matolcsy, with whom he had a decades-long relationship, over other economists, viewing him as a key partner for realizing his visions.
Former central bank governor György Matolcsy, who was transferred to court on Friday morning, is expected to make a statement regarding his detention hearing.
Two relatively well-known Hungarian businessmen are still being sought by the police.
Last year's 'Peace March' was presented as the largest ever, with a full war-like mobilization, but its presence has significantly diminished.
The 70th anniversary of the 1956 Revolution and Freedom Fight is being celebrated with various events, including a flag-raising ceremony and historical commemorations.
A powerful earthquake has struck Tibet, causing hundreds of residential buildings to collapse and resulting in at least 16 fatalities.
A typhoon is currently hitting East Asia, leading to the cancellation of more than a thousand flights, with Taiwan being the most affected region so far.
The 1958 American 'thriller' 'The Budapest Nightmare' is critically reviewed for its inaccurate and poor portrayal of Hungary and the 1956 revolution.
Efforts are underway to find a suitable new location for Lugossy Mária's sculpture, 'Flame of the Revolution,' which has faced difficulties and has been relocated multiple times.