Category Archives: English news
Rosatom to expand Paks plant with Russian credit line
Russia’s state-owned Rosatom will expand Hungary’s sole nuclear power plant in an investment to be financed with a credit line from Russia, it was revealed after the countries signed an agreement on the peaceful use of atomic energy.
Wine exports lift Danubiana revenue to EUR 11.5m
Hungarian vintner Danubiana’s net revenue rose by a little more than EUR 3m to EUR 11.5m last year as the German-owned company sold more wine on export markets, managing director Gyozo Schmidt said. Danubiana sold 120,000 hectolitres of wine last year. About 90pc was sold on markets in Germany, the UK and overseas.
Tenders for 2014-2020 EU funding could be called by mid-year
The first tenders for European Union funding available for the 2014-2020 budget period are expected to be called by the middle of this year, deputy state secretary for development programmes Nandor Csepreghy said at a conference.
Multinational food companies keen on Hungarian soy product
More than 30 multinational food companies are testing a new soy product based on a Hungarian patent, Jeno Szilbereky, the managing director of the developer, Fitotex said.
Raiffeisen says it will not part with Hungarian unit
Raiffeisen Bank International (RBI) will not part with its unit in Hungary under current conditions, the Austrian lender said.
Hungerit revenue climbs to HUF 43bn in 2013
Hungarian poultry company Hungerit had revenue of about HUF 43bn last year, up from HUF 38bn in 2012. The company said it produced 1,660 tonnes of foie gras last year.
Austria, Hungary farm ministers to meet on new land law
Austrian and Hungarian farm ministers are expected to meet at the end of January to discuss Hungary’s new land law and Austria’s related concerns.
Szechenyi Bank would acquire Raiffeisen Hungarian unit for token sum – wire
Hungary’s small Szechenyi Commercial Bank (SZKB) would acquire the Hungarian unit of Austrian-owned Raiffeisen Bank International for a toke sum of EUR 1 but would take over the unit’s bad loans.
Govt official initiates withdrawal of equestrian industry decree
The Rural Development Ministry’s state secretary for parliamentary affairs has initiated the withdrawal of recently enacted legislation on equestrian activities.
Szechenyi Commercial Bank eyes Raiffeisen unit in Hungary
Hungarian-owned Szechenyi Commercial Bank (SZKB) has made an offer to buy the Hungarian business of Austria’s Raiffeisen Bank. Last year, the state of Hungary acquired a 49pc stake in SZKB. The bank’s majority owner is T&T Ingatlanforalmazo es Vagyonkezelo, a company tied to Government Debt Management Agency (AKK) head Istvan Torocskei (on the photo).
State to sell TakarekBank stake
The state of Hungary will sell its stake in TakarekBank, the „central bank” for the country’s savings cooperatives, in an open, international tender, a government decree published in the fresh issue of the official gazette Magyar Kozlony shows.
Csanyi Winery to make HUF 200m technological investment
Csanyi Winery plans to make a HUF 200m technological investment next year to develop the wine-making equipment at its base in Villany (S Hungary), to top up investments of HUF 600m made from 2009 to this year, the company said.
European Court bans GMO potato on Hungary’s action
The General Court of the European Union annulled a decision of the European Commission which authorised the marketing of the genetically modified potato Amfora.
Hungary’s agricultural output rises 4.2pc this year
Preliminary invoice data indicates that Hungary’s agricultural output rose 4.2pc at current prices to HUF 2,265bn in 2014, Rural Development Ministry State Secretary Gyorgy Czervan announced. Mr Czervan said that the rise in output was due primarily to an increase in crop production.
Hungarian Investment and Trade Agency gets new head
Prime minister Viktor Orban has appointed Janos Berenyi president of the Hungarian Investment and Trade Agency (HITA), effective December 1, HITA said.
Hungary September trade surplus revised down to EUR 830m
Hungary had an EUR 830.3m trade surplus in September, the Central Statistics Office (KSH) said. The surplus was revised down from EUR 847.3m in the first reading published on November 8. Exports rose 7.2pc to EUR 7.335bn from the same period a year earlier.
