Category Archives: English news
Hungarian cattle exports to Turkey decline
Hungarian cattle exports to Turkey, a big market for local livestock farmers, are down almost one-quarter, but demand in Russia and the CIS is up, daily said.
Zwack profit up more than 27pc in H1
After-tax profit of Zwack Unicum, Hungary’s best known spirits maker, rose 27.4pc year-on-year to HUF 1.13bn in the first half of its 2018-2019 business year, an earnings report released after the end of market trading shows. Total gross sales of the company amounted to HUF 12.15bn, a y-o-y increase of 14.3pc.
Nestle inaugurates HUF 20bn expansion at pet food plant in Hungary
Swiss-owned Nestle Hungaria inaugurated a HUF 20bn expansion at its pet food plant in Buk (W Hungary). The 5,000sqm plant shows Nestle’s commitment to Hungary, National Economy Minister Mihaly Varga said at the ceremony.
Magosz takes more than 88pc of vote in ag chamber election
County delegates supported by farm association Magosz took 88.3pc of the vote in National Agriculture Chamber (NAK) elections on Friday, the chamber’s head said at a press conference.
Zwack profit falls in H1 as sales decrease
After-tax profit of Zwack Unicum, Hungary’s best known spirts maker, fell 12pc year-on-year to HUF 886m in the first half of its 2017-2018 business year, an earnings report released after the closing bell on shows.
Farm gate prices climb 4.1pc in April
Farm gate prices in Hungary rose 4.1pc year-on-year in April, the Central Statistics Office (KSH) said.
Hungary farm gate prices rise 1.4pc in March
Farm gate prices in Hungary rose 1.4pc year-on-year in March, the Central Statistics Office (KSH) said.
Household spending on food products rises 3.3pc in 2016
Hungarians’ monthly per capita spending on foodstuffs was at HUF 20,400 in 2016, up by 2.6pc in current prices from the previous year, a summary of data published by the Central Statistics Office shows.
EU – Canada Summit: An historic juncture in our political and economic partnership
The 16th Summit between the European Union and Canada held in Brussels marks a historic juncture in our political and economic partnership, in the 40th year of formal cooperation.
Libya: EU adds 3 people to sanctions list
On 1 April 2016, the Council added three names to the list of people subject to EU restrictive measures against Libya. Agila Saleh (on the photo), president of the Libyan Council of Deputies in the House of Representatives; Khalifa Ghweil, prime minister and defence minister of the internationally unrecognised General National Congress; and Nuri Abu Sahmain, president of the internationally unrecognised General National Congress, are viewed as obstructing the implementation of the Libyan Political Agreement of 17 December 2015 and the formation of a Government of National Accord in Libya.
Hungary Maastricht debt 75.3pc of GDP at end of 2015
Maastricht state debt stood at 75.3pc of GDP at the end of December 2015, down from 76.2pc at the end of 2014, financial account figures published by the National Bank of Hungary (NBH) on show.
Budapest Bank posts net profit of HUF 14.7bn in 2015
Hungary’s state-owned Budapest Bank (BB) group had consolidated net profit of HUF 14.7bn in 2015 according to Hungarian Accounting Standards, the bank said. The bank reported losses for the first time after twenty years of operation in 2014, when net losses came to HUF 38.7bn.
North Korea: EU expands restrictive measures in line with UNSC resolution
Today the Council expanded restrictive measures against the Democratic People’s Republic of Korea (DPRK) in accordance with United Nations Security Council resolution 2270 adopted on 2 March 2016.
Statement by Transport Commissioner Violeta Bulc
on the one-year anniversary of the crash of Germanwings Flight 9525
Budapest to host annual IOSCO conference
With a successful application by the National Bank of Hungary (NBH) Budapest will host the annual conference of the International Organization of Securities Commissions (IOSCO) in 2018, the NBH said.
Takarekbank, grain farmers assoc sign cooperation agreement
Hungary’s Takarekbank has signed a cooperation agreement with the National Association of Grain Farmers, the parties said. Under the agreement, Takarekbank will develop financing products tailored to grain farmers’ needs. It will also provide them with market information and forecasts.
