Category Archives: English news

Hungary aids rail exports of Ukrainian grain

A coordinated effort by Hungary to aid exports, by rail, of Ukrainian grain are starting to pay off, state secretary for transport David Vitezy said.

NBH keeps one-week deposit rate at 6.15pc

The National Bank of Hungary (NBH) left the rate for its one-week deposit facility unchanged at 6.15pc ahead of a tender on Thursday.

Watchdog withdraws Sberbank Magyarorszag licence, orders lender wound up

The National Bank of Hungary (NBH) on Tuesday said it withdrew the lending licence of Russian-owned Sberbank Magyarorszag because of its “serious liquidity and capital situation” amid international sanctions against Russia and ordered the credit institution to be wound up.

Hungary issues EUR 575m of samurai bonds

 

Finance Minister Mihaly Varga announced the issue of EUR 575m of samurai bonds in a post on Facebook early Friday. Hungary issued three-, five-, seven- and ten-year bonds, Mr Varga said, adding that green bonds accounted for “the biggest part” of the issue. “Investor confidence in the Hungarian economy is unbroken,” he said.

Orban voices support for common European defence force

Prime Minister Viktor Orban said Hungary backs the development of a common European defence force at an annual state-of-the-nation address on Saturday.

Matolcsy backs ban on crypto trading, mining in EU

National Bank of Hungary (NBH) governor Gyorgy Matolcsy took a stand for banning cryptocurrency trading and mining in the European Union in a piece posted on the central bank’s website.

Food safety: EU and US resume trade of bivalve molluscs

ms3As from the end of this month, trade of molluscan shellfish – such as mussels, clams, oysters and scallops – will resume between the EU and the US. Two EU Member States (Spain and the Netherlands) will be allowed to export molluscan shellfish to the US, whilst two American states (Massachusetts and Washington) can do the same to the EU. The Commission has adopted the legislation to that effect.

Motorpharma signs USD 100m drug development contract with Aditum Bio

mgyMotorpharma, a Hungarian startup that owns a licence to use and develop a compound that could be used to treat patients suffering from spastic limbs after stroke and other neurological injuries, has signed a drug development contract with US biotech investment firm Aditum Bio “worth about USD 100m”, Motorpharma told.

Forint slips past 370 to euro, a new low

ft_The forint traded at 370.01 to the euro on the interbank forex market around 5:30 in the evening on Monday, recovering a fraction after weakening as far as 370.28 late in the day, a new historical low.

Hungary farm sector output climbs 4.6pc in 2020

haOutput of Hungary’s agriculture sector rose 4.6pc to HUF 2,950bn, at current prices, data compiled by the Central Statistics Office (KSH) show.

Hungary issues USD 4.25bn of dollar bonds

mvHungary issued USD 4.25bn of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and long, 10- and 30-year maturities, Finance Minister Mihaly Varga said in a video posted on Facebook on Wednesday.

Nitrogénművek Zrt’s Announcement about successful restart


ltWe would like to inform our honored Partners, that after a 40 day maintenance period we have restarted our production activity again.

Farming ministers confirm CAP reform deal

Luxemburg10_EU farming ministers have accepted the provisional deal struck with the European Parliament last Friday on the key elements of the common agricultural policy (CAP) reform, thus bringing the proposal a step closer to becoming part of EU law.

Novel food: Commission authorizes insect as food for the first time

nfMember states approved a proposal from the European Commission, allowing the use of dried yellow mealworms as a novel food. Following a rigorous scientific evaluation by the European Food Safety Authority (EFSA), this is the very first authorization to place insects as novel foods on the market in the EU. 

January 2021 sees decline in agri-food trade

afIn January 2021, EU agri-food exports decreased by 11pc compared to January 2020, reaching a total value of €13.5 billion. Imports attained a value of €9.1 billion, 16pc less than in January 2020.

Commission extends flexibilities of Common Agricultural Policy checks for 2021

ltWith restrictions still in place across the EU, the Commission adopted rules to extend to 2021 flexibilities for carrying out checks required for Common Agricultural Policy (CAP) support.