Category Archives: English news
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.
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.
