Category Archives: English news
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.
Poultry demand drops because of cheaper pork
Farmgate prices for poultry fell early in the year because of a drop in demand as consumers bought cheaper pork instead. Farm gate prices for whole chickens dropped 6pc year-on-year in January.
Hungary farm minister meets with Israeli counterpart
Hungarian farm minister Sandor Fazekas met with his Israeli counterpart Uri Ariel in Budapest, the Agriculture Ministry said. The sides agreed on cooperation in the area of research and development, including the exchange of experts and a partnership between institutes in Hungary and the Volcani Centre, a farm research facility in Israel.
Mineral water bottlers Szentkiralyi, Kekkuti close first year of joint operation with profit
Hun mineral water bottlers Kekkuti Asvanyviz and Szentkiralyi Asvanyviz had revenue of HUF 15bn in the first year after their merger, up 13pc from the two companies’ results in the previous year.
