Category Archives: English news
Felfoldi Edessegyarto inaugurates HUF 199m production hall
Hungarian sweets maker Felfoldi Edesseggyarto inaugurated a HUF 199m production hall at its base in Debrecen (E Hungary).
EC finds macroeconomic balances in need of action in Hungary
The European Commission named a number of macroeconomic imbalances in Hungary which are „in need of decisive policy action” in a report published.
Bonbonetti to close production at Nagykanizsa unit early December
Hungarian sweets maker Bonbonetti Choco will close production after laying off 64 workers at its production unit in Nagykanizsa (SW Hungary), Choco Bonita, by December 10, Istvan Lakos of Bonbonetti told.
OECD projects slowing economic growth in Hungary
The OECD projected Hungary’s GDP growth would slow to 2.1pc next year and 1.7pc in 2016 as „tight credit conditions” and an „uncertain business environment” limit investment, and fiscal stimulus winds up in a fresh economic forecast published. The projection for next year was raised from 1.6pc in the previous forecast published in May but is still under the government’s projection of 2.5pc.
Serbia views the Hungarian Land Act as a model to be followed
“Serbia views the Hungarian Land Act as a model to be followed, is examining several elements of the legislation such as the system of conditions for the acquisition of farmland by foreign nationals, and is thinking of transposing several provisions into the relative Serbian legislation, which is currently under preparation”, Minister of State Attila Juhász from the Serbian Ministry of Agriculture and Environmental Protection said at the 7th session of the Hungarian-Serbian Joint Economic Committee in Belgrade. At the meeting, Hungary was represented by the Ministry of Agriculture’s Deputy State Secretary for International Relations Katalin Tóth.
Serious help for foreign currency debtors
“The legislation introduced to improve the situation of foreign currency debtors is helping the holders of foreign currency loans in accordance with the Government’s earlier promises”, Minister of Justice László Trócsányi said at a press conference held jointly with Minster for National Economy Mihály Varga.
Public media support fund has HUF 80.5bn budget for 2015
Hungary’s Media Support and Asset Management Fund (MTVA), whose assets and staff supply the output of Hungary’s public media outlets, has a budget of HUF 80.5bn for 2015.
Parliament passes the 2015 tax laws
The three most important pillars of Hungary’s taxation regime will continue to remain the promotion of families, low taxation for small and medium-sized businesses, and the maintenance of taxes levied on specific sectors.
NBH puts 2015 gen govt deficit slightly over target
The National Bank of Hungary estimated Hungary’s general government deficit would reach 2.5pc of GDP next year in an analysis of the 2015 budget bill published on Thursday.
Kapuvar meat plant attracts no offers, two years after liquidation launch
BNo offers were received for the assets of Kapuvari Hus and Kapuvari Bacon in Kapuvar (W Hungary) by the deadline, the liquidator said.
Hungarians to spend an average HUF 33,000 on holiday presents this year
Hungarians plan to spend an average of HUF 33,000 on holiday presents this year, similar to last year, according to a fresh survey conducted by Cofidis Hitel Monitor.
Hungary submits eight operative programmes to EC for approval
Hungary submitted eight of its ten operative programmes for European Union funding to the European Commission on Monday, as planned, the Prime Minister’s Office said.
Russia „important partner”, says Szijjarto
Hungary considers Russia an important partner, Foreign Minister Peter Szijjarto said before talks with counterpart Sergey Lavrov in Moscow on Wednesday.
Two news from Mr Orban
Buzakalasz 66 Felcsut inaugurates HUF 350m hog farm – Farmer inaugurates 3.5-hectare cattle ranch
Holcim to sell Hungarian unit
Swiss-based building materials company Holcim will sell its Hungarian unit as its recent merger with French peer Lafarge placed it in a dominant position in several regions of Europe.
Revai Nyomda to be liquidated
The Budapest-Capital Regional Court of Appeal upheld an earlier court ruling that bankruptcy proceedings against printing house Revai Nyomda should be closed and the company should be liquidated.
