Category Archives: English news
Farm ministry calls on local councils to drop land tax
The farm ministry has asked local councils that have imposed a land tax to withdraw it, a statement issued said. According to the statement, Farm Minister Sandor Fazekas has repeatedly said that he would not support any measure that burdens farmers.
Orban vows to expand economic sovereignty
Hungary’s political sovereignty needs to be protected and its economic sovereignty further expanded in a geopolitically sensitive situation in Europe where the economy is stagnating, Prime Minister Viktor Orban said.
Hungary police investigating a case concerning Bunge
The Hungarian police have been investigating a case concerning cooking oil producer Bunge since the end of October, the police’s communications department informed.
National Chamber of Agriculture warns against planned local tax on farmland
The National Chamber of Agriculture (NAK) disagrees with the idea of a tax on farmland in any form. Many local councils plan to levy a tax on farmland after recently adopted amendments to tax legislation taking effect from January 2015 allow local municipalities to introduce a new tax on any item not falling under the scope of either central or local taxes. NAK said it has surveyed the plans of Hungary’s local municipalities regarding the farmland tax.
Hungerit completes HUF 1.7bn development project
Hungarian poultry company Hungerit has completed the construction of a new poultry logistics system worth HUF 1.7bn at its facilities at Szentes (SE Hungary). The investment was carried out with a HUF 250m grant from the European Union and the Hungarian government, said Jozsef Magyar the CEO-president of Hungerit.
Hungary farm gate prices fall 5.7pc in October
Farm gate prices in Hungary fell 5.7pc year-on-year in October, the Central Statistics Office (KSH) said. Prices of crops fell 6.1pc, while prices of livestock and animal products were down 5.2pc. Grain prices were 7.3pc lower in October.
Orban: Changes to road toll system to benefit Hungarians
The planned changes in the road toll system will work to benefit Hungarians and the introduction of optional e-stickers for individual counties will be an improvement on the whole, Prime Minister Viktor Orban said.
Budapest Bank acquisition not expected to raise 2015 deficit or debt, Fiscal Council says
The acquisition of Budapest Bank by the state is not expected to raise either the deficit or the debt of the general government, the Fiscal Council said in an opinion on the amended version of the 2015 budget bill.
Waberer’s buys 120 Mercedes-Benz lorries
Hungarian road haulage company Waberer’s International signed an agreement to buy 120 Mercedes-Benz tractors, president and CEO Gyorgy Waberer said.
Tax office head Vida files suit against US charge d’affaires
Head of the tax authority Ildiko Vida has filed a complaint and a lawsuit against Andre Goodfriend, charge d’affaires at the United States embassy in Budapest, the tax authority NAV’s lawyer, Barnabas Futo, told. The complaint was filed with the Central Investigating Chief Prosecutor’s Office on the ground of „public defamation causing serious damage”, Mr Futo said.
Hungarian Natl Trading House opens offices in Botswana and South Africa
The Hungarian National Trading House (MNKH) said it opened an office in Gaborone, Botswana and in Pretoria, South Africa.
UniCredit does not intend to leave Hungary
Italy’s UniCredit Bank has no intention to leave Hungary, Gianni Franco Papa, Deputy CEO of UniCredit Bank Austria, and head of CEE Banking said in a written statement.
Hungary stays in 47th in Transparency International ranking
Hungary remained in 47th place on Transparency International’s 2014 Corruption Perceptions Index ranking, TI said.
Kozgep wins HUF 3.3bn contract to expand Csepel port
Hungarian construction company Kozgep has won a contract from fully state-owned MAHART-Szabadkikoto to expand the Csepel port in Budapest, the official public procurement gazette reported.
Monetary Council holds non-rate-setting meeting
The Monetary Council of the National Bank of Hungary (NBH) held a non-rate-setting meeting.
Colleen Bell appointed US ambassador to Hungary
The United States Senate on Tuesday voted to approve the television producer Colleen Bradley Bell’s appointment as US ambassador to Hungary. The appointment was approved in a vote of 52 to 42.
