Category Archives: English news
Farm ministry mulls milk VAT rate cut
Hungary could cut the VAT rate on milk as part of a support package for the dairy industry, daily Magyar Nemzet said. The farm ministry believes a VAT cut for milk is necessary, state secretary Gyorgy Czervan told the paper.
Spar projects 10-15pc increase in pork sales
Austrian-owned supermarket company Spar Magyarorszag projects a 10-15pc increase in pork sales in its shops this year due to a substantial cut in the VAT on pork and the resulting fall in consumer prices, the company told.
Hun exhibitors show at BIOFACH
Twelve Hungarian exhibitors are showing at this year’s BIOFACH, the world’s leading trade fair for organic food, in Nuremberg.
Hun watermelon exports could reach 60,000-70,000 tonnes this year
Hungarian farmers could export 60,000-70,000 tonnes of watermelon this year, the head of professional association FruitVeB said on public television. The melons will be exported mainly to Poland, the Czech Republic and Germany, Ferenc Ledo told new channel M1. The watermelon harvest could reach 220,000-240,000 tonnes this year, he said. He put the price of watermelon at HUF 120-150 per kilogramme at the start of the season and at HUF 70-80 per kilogramme at the end of July. Farmers are growing watermelon on almost 6,000 hectares this year, about the same as last year, Mr Ledo said. Last year, the watermelon harvest reached 220,000 tonnes, FruitVeB said earlier.
Russian food safety inspectors leave Hungary; results seen in 1-2 months
Experts of Russia’s plant and animal health authority Rosselkhoznadzor have left Hungary after winding up reviews local companies must undergo to regain entry to the Russian market if an embargo is lifted, a farm ministry official told.
Hungary GDP growth could reach 2.8-2.9pc this year
Hungary’s government estimates GDP growth could reach 2.8pc-2.9pc this year, National Economy Minister Mihaly Varga said at a conference organised by business association MGYOSZ.
Szentkiralyi revenue climbs to HUF 9.6bn last year
Hungarian mineral water bottler Szentkiralyi’s revenue rose almost 10pc to HUF 9.6bn last year, the company informed. Domestic sales climbed 8pc to HUF 8.2bn.
Turkey and Hungary
Hungarian Prime Minister Viktor Orban on Tuesday called for efforts to ensure gas transports to central Europe, including Hungary, via Turkey. „We need to work to get the gas from Turkey to central Europe and Hungary” via Serbia among other countries, Mr Orban told a press conference after talks with Turkish counterpart Ahmet Davutoglu. He said this would make „us able to ensure Hungary’s gas supply after 2019-20”.
Food safety authority fines ALDI HUF 47m
Food safety authority (Nebih) has fined German-owned discount supermarket chain ALDI Magyarorszag Kereskedelmi HUF 47m for unfair distributor behaviour, state secretary responsible for food chain supervision Robert Zsigo told.
NBH suspends operating licence of Buda-Cash Brokerhaz
The National Bank of Hungary (NBH) as supervisory authority has suspended with immediate effect the operating licence of brokerage firm Buda-Cash Brokerhaz and appointed supervisory commissioners because of suspicious cases that have come to its knowledge, the NBH told. The NBH said it had also filed a criminal complaint with police over the matter. The statement said the supervisory commissioners have taken over the management of the company.
HUF 17.5bn regional waste management programme completed
A HUF 17.5bn waste management programme affecting 426,000 people in 313 towns in the Mecsek-Drava area of South Hungary has been completed.
Hungarian gas deliveries to Ukraine climb 15pc, says local TSO
Gas deliveries to Ukraine via Hungary have risen by 15pc to 5.9m cubic metres per day, Ukraine’s gas transmission system operator Ukrtransgaz said.
Spar plans no Hungary pull-out
Supermarket chain Spar has no plans to pull out of Hungary, even though it objects to some regulations in the country, the head of the Spar Austria said.
European Commission proposes winding up follow-up visits on 2008 loan
The European Commission (EC) proposed to wind up the follow-up visits related to a loan programme of the EU to Hungary, that ran parallel with an IMF credit in 2008.
Hungary becomes the 15th country supplying Chinese pork market
With a modest shipment of 26.68 tons of frozen pork knuckle to China’s Tianjin port, Hungary became the the world’s 22nd country with access to China’s meat market, and the 15th to access its pork market, specialised portal GlobalMeatNews reported.
Hungary farm gate prices fall 6.1pc in 2015
Farm gate prices in Hungary fell 6.1 in 2014 after a 7.8pc drop in 2013, the Central Statistics Office (KSH) said. Prices of crops fell 9.2pc as the price drop slowed from 13.7pc in 2013.
