Category Archives: English news
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.
Russia could lift ban on EU pork by March
Russia will hopefully lift a ban on pork imports from European Union countries by March, Hungarian Rural Development Ministry state secretary Endre Kardevan said at the Prodexpo trade fair in Moscow.
Zwack Unicum after-tax profit rises 1.7pc in Q1-Q3
Hungarian Spirits maker Zwack Unicum had after-tax profit of HUF 1.85bn in the first three quarters, ending with December, of the company’s 2013/14 business year, up 1.7pc yr/yr, Zwack Unicum’s Interim Management Report for the period published.
Hungary January cashflow gen govt deficit HUF 75.4bn
Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 75.4bn or 7.7pc of the HUF 984.6bn full year target in January, the National Economy Ministry said in a first reading. In January last year, the shortfall was HUF 2.5bn or 0.3pc of the HUF 841.8bn original full-year target.
Hungary 2013 grape harvest bigger than usual
About 386,000 tonnes of grapes were harvested in Hungary in 2013, with yields averaging 6.9 tonnes per hectare, much higher than in recent years, winemaker Janos Frittmann said in Budapest.
FHB acquires 25pc stake in Takarekbank
FHB Mortgage Bank has acquired a 25pc direct stake in Magyar Takarekbank, FHB reported.
Hungexpo farm shows draw more than 40,000 visitors
Farm shows organised by Hungexpo that wound up last weekend attracted more than 40,000 visitors, the trade fair company informed.
Coca-Cola Hungary unit launches mineral water exports to Croatia
The Hungarian unit of Coca-Cola launched export production at its bottling plant in Zalaszentgrot, in the west of the country. Coca-Cola HBC Magyarorszag will export 10m litres of Bistra brand mineral water bottled at the plant to Croatia, said managing director Nikos Kalaitzidakis.
OTP Bank to buy small Italian-owned bank in Croatia
OTP Bank will buy Banco Popolare Croatiat (BPC), an Italian-owned bank that controls 0.56pc of Croatia’s banking market. Balazs Bekeffy, who heads OTP Bank’s existing Croatian unit, told the paper that OTP Bank had completed due diligence at BPC and would announce the acquisition on Tuesday – Croatian daily Vecernji list said.
Poppy seed growers concerned after morphine maker gets new supply source
Hungarian poppy seed growers are concerned about their business after Alkaloida, Hungary’s sole maker of morphine, decided to get its feedstock from Tasmania.
Fertiliser maker Nitrogenmuvek makes offer for Croatian peer
Hungarian artificial fertiliser maker Nitrogenmuvek has made a non-binding bid for Croatian peer Petrokemija, which is up for privatisation. The Czech company Agrogert and Austria’s Borealis are also in the running for Petrokemija.
Hungarians working abroad transfer 1.8pc of GDP back home
Hungarians working abroad transferred the equivalent of USD 2.4bn to family back home in January-October of last year, data from the World Bank.
Hungary farm gate prices fall 14.6pc in November
Farm gate prices in Hungary fell 14.6pc year-on-year in November, the Central Statistics Office (KSH) said. Prices of crops fell 21.8pc, because of the improved harvest, and prices of livestock and animal products edged down 0.9pc. Grain prices were 31.5pc lower.
Hungary agriculture can count with HUF 725bn support
Hungary’s agriculture and food industry will get HUF 725bn in support this year, with HUF 150-160bn coming from the budget and the rest from EU sources, deputy secretary of state at the ministry of rural development, Zsolt Feldman, said.
