Category Archives: English news
Transit Speed completes HUF 1bn logistics development
Hungary’s Transit Speed has completed an almost HUF 1bn logistics develompent at its base in Mandok (E Hungary), the company said.
Hungary home sales up 15pc yr/yr in November
There were 7,003 homes sold in Hungary in November, up 15pc from the same month a year earlier, real estate broker Duna House said.
Decree will prohibit tobacco sales at shopping malls, petrol stations
Retail tobacco sales will be prohibited in businesses larger than 2,500sqm and at petrol stations from June of next year, according to a government decree published in the latest issue of official gazette Magyar Kozlony.
Matolcsy calls for Rehn to resign
National Bank of Hungary governor Gyorgy Matolcsy on Thursday called for the resignation of European Commissioner for Economic and Monetary Affairs Olli Rehn because of the European Union’s faulty economic policy.
WizzAir set to lift passenger numbers in Debrecen to 130,000 this year
Hungarian low-fare airline WizzAir is expected to boost passenger numbers at the international airport in Debrecen, Hungary’s second-biggest city, to 130,000 this year and 150,000 in 2014, mayor Lajos Kosa said.
Belarus to lift restrictions on imports of Hungarian beef
Belarus will lift restrictions on imports of Hungarian cattle if Hungarian authorities can guarantee, in writing, the animals’ health, the Rural Development Ministry said.
NBH cuts key rate by 20bp
The National Bank of Hungary’s Monetary Council decided at a meeting to reduce the central bank’s key rate by 20bp to 3.20pc, as expected by the market. Rate-setters said they still saw room for further cautious rate reduction.
Hun Parliament approves main 2014 budget figures
The Hungarian Parliament approved the main figures of the 2014 budget after the budget committee passed amendments that raised the main budget figures, including the cashflow deficit.
Varga meets with Korean officials in Seoul
National Economy Minister Mihaly Varga met with South Korea’s trade minister Yoon Sang-jick and the governor of the country’s central bank, Kim Choong-soo, at the start of an official visit to South Korea.
Evonik Agroferm completes HUF 2.1bn capacity expansion at plant in E Hungary
Evonik Agroferm, the Hungarian unit of Germany-based specialty-chemicals company Evonik Industries, has completed a HUF 2.1bn capacity expansion investment at its plant in the village of Kaba (E Hungary).
Jabil to lay off 673 workers
US-owned contract electronics manufacturer Jabil Circuit Magyarorszag on Monday said it would lay off 673 workers in December because of changes in demand.
Magyar Cukor inaugurates HUF 3bn silo at sugar refinery
Magyar Cukor, owned by Austria’s Agrana, inaugurated a HUF 3bn silo at its sugar refinery in Kaposvar (SW Hungary).
Seven Hungarian companies present at St.Petersburg food fair
Seven companies represented Hungary at the annual international food fair and exhibition in St.Petersburg, the Hungarian Investment and Trade Agency (HITA) said.
Hungary: into key transit country?
The government aims to turn Hungary into a key transit country for east-west transportation, state secretary for foreign affairs and external trade Peter Szijjarto said.
OTP Bank’s NPL ratio declines for first time since crisis
OTP Bank’s ratio of non-performing loans (NPLs) declined for the first time since the onset of the global financial and economic crisis in the third quarter, OTP deputy-CEO Laszlo Bencsik said.
Just 857 join exchange rate cap scheme in Sep
An exchange rate cap scheme designed to assist borrowers with foreign currency-denominated loans attracted 857 new participants in September, just a fraction of the number who joined the scheme in the months after its launch in the spring of 2012.
