Category Archives: English news
OTP Bank services accessible after disruption
OTP Bank, Hungary’s biggest commercial lender, said Tuesday afternoon that all of its services are accessible although temporary slowdown may occure.
Maize harvest set to rise to 8-9m tonnes
Hungary’s maize harvest is set to reach 8-9m tonnes this year, up from 6.7m tonnes last year, the head of the National Grain Growers Association (GOSZ) told.
Citigroup to exit consumer business in Hungary
Citigroup plans to exit its consumer business in Hungary, the US banking group said on Tuesday, after posting third-quarter earnings. Hungary is one of eleven countries in which Citigroup will part with its consumer businesses.
Orban: Spending freeze precautionary measure
The HUF 110bn spending freeze announced on Thursday is a precautionary measure, the prime minister said in a radio interview.
Forint steadies on interbank market
The forint was trading at 309.85 to the euro late Friday on the interbank forex market, up from 311.35 late Thursday. At 311.36 to the euro early Friday, the forint moved between 309.71 and 311.50, not far from an almost two-week low reached Thursday evening at 311.62.
Prime Minister Orban nominates cabinet ministers
Prime Minister Viktor Orban has submitted the nominations for his ten-member cabinet, Prime Minister’s Office Press Department Director Bertalan Havasi informed, referring to a letter that Mr Orban sent to parliamentary Speaker Laszlo Kover.
The Prime Minister’s Visit at Vitafort
The Hungarian Prime Minister paid official visit to Vitafort Első Magyar Takarmánygyártó és Forgalmazó Zrt., in Dabas, which lasted for one and a half hours. Viktor Orbán conducted a private discussion with Zoltán Kulik, CEO of Vitafort Zrt., on agri-strategic issues, after which he inspected the feed manufacturing plants of the company.
Govt has no exchange rate target, says Varga
Hungary’s government has no exchange rate target, National Economy Minister Mihaly Varga said. The optimal forint exchange rate is one that allows the Hungarian economy to grow stably, Mr Varga said.
Ten Hun wineries to present wines at FAO forum
Ten Hungarian wineries will present their wines at the Global Forum and Expo on Family Farming that the Hungarian Development Ministry is holding in Budapest in cooperation with the United Nations Food and Agricultural Organisation (FAO) between March 4-6, the Rural Development Ministry informed.
Bonafarm to start building HUF 13bn-15bn slaughterhouse
Hungarian agribusiness Bonafarm could soon start building a HUF 13bn-15bn slaughterhouse, the country’s largest, in Mohacs (SW Hungary).
Austrian farm minister took „another unfriendly step,” says Fazekas
Hungarian Farm Minister Sandor Fazekas said on Monday that his counterpart Andra Rupprechter had taken „another unfriendly step” when he discussed Hungary’s land law in Brussels.
Sporting exhibitions in Budapest draw 50,000 visitors
The Budapest Boat Show and the International Weapon, Fishing and Hunting Exhibition at the Hungexpo Budapest Fair Center drew a combined 50,000 visitors, equaling last-year’s record.
Hungary govt debt falls to 79.0pc of GDP at end-2013
Hungary’s gross state debt, calculated at nominal value according to Maastricht criteria, fell to 79.0pc of GDP at the end of last year from 80.2pc at the end of September, the National Bank of Hungary said in a preliminary report.
Net financial assets of households climb 12pc in 2013 – NBH
Net financial assets of Hungarian households stood at HUF 20,902bn at the end of 2013, up about 12pc in a year as borrowers repaid their loans and savings were shifted into securities and appreciating ownership stakes.
European egg glut affects Hungarian farmers
Hungary’s egg farmers are suffering the effects of oversupply on European markets, business daily said. Many of the surplus eggs of other European farmers have ended up in Hungary, Poultry Products Council secretary Gyorgyi Molnar told the paper.
Hungary farm gate prices fall 13.2pc in December
Farm gate prices in Hungary fell 13.2pc year-on-year in December, the Central Statistics Office (KSH) said. Prices of crops fell 20.1pc, because of the improved harvest, while prices of livestock and animal products edged up 0.1pc.
