Category Archives: English news
Hungary trade volume expands in February, KSH confirms
Hungary’s trade volume expanded in February after contracting in the previous month, the Central Statistics Office (KSH) confirmed in a second reading of data on Thursday.
FrieslandCampina plans HUF 5.1bn expansion at Hungarian dairy
Dutch-owned FrieslandCampina Hungaria will invest HUF 5.1bn at its dairy plant in Mateszalka (NE Hungary), Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday.
Spar revenue up almost 9pc in 2020
Revenue of the Hungarian unit of supermarket chain Spar rose 8.7pc to HUF 738.9bn in 2020 in spite of the challenges caused by the pandemic, managing director Gebriella Heiszler said.
Report on the annual results of Nitrogénművek 2020
Today Nitrogénművek Zrt. published its Consolidated Annual Report for the year 2020. The year 2020 presented many challenges for the Company, however managed to achieve very strong results.
Stable EU agri-food trade continues throughout January-November 2020
The latest monthly agri-food trade report released today shows stability in January-November 2020, despite challenges from the coronavirus pandemic. EU exports reached 168.5 billion euros, an increase of 0.9pc compared to the same period last year, while imports amounted to 112.3 billion euros. euros, an increase of 0.4pc.
Publication of the evaluation study on the CAP’s impact on knowledge exchange and advisory activities
Common agricultural policy (CAP) measures are generally effective, efficient, relevant, coherent and add value with regard to knowledge exchange and fostering advisory activities and innovation in the agricultural and forestry sectors and in rural areas.
Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel
Europe remains in the grip of the coronavirus pandemic. The resurgence in the number of cases, together with the appearance of new, more contagious strains of the coronavirus, have forced many Member States to reintroduce or tighten containment measures.
Dio 896 completes HUF 662m silo upgrade
Dio 896, which sells artificial fertiliser and plant protection products, has completed a HUF 662m upgrade of its silo technology, the company told.
Number of inoculated, recovered in Hungary set to reach 1m by March – Orban
The combined number of Hungarians who have been inoculated against the coronavirus and those who have been registered as recovering from Covid-19 will reach 1m by early March, Prime Minister Viktor Orban said in a weekly interview on public radio on Friday.
Sterling slips ahead of Bank of England interest rate decision – Euro currency news daily
GBP – British Pound – Today sees the first Bank of England interest rate decision of 2021 with no change in policy expected. The markets will however be focused on whether BoE Governor Andrew Bailey gives anymore insight into whether policymakers are toying with the idea of turning interest rates negative for the first time ever to try and stimulate an economy battered by the effects of Covid-19.
Cumulative economic impact of trade agreements on EU agriculture
The EU trade agenda is set to have an overall positive impact on the EU economy and the agri-food sector, according to a new study published.
Major ISPs all plan network developments
Major internet service providers are planning further network developments as data traffic has increased by 30pc on average because of lockdown measures against the coronavirus and telecommuting becoming more popular, a number of companies told.
Wine and food boost for EU-Japan trade deal on 2nd anniversary
The EU hailed the success of the EU-Japan trade deal on its second anniversary Monday, as it agreed a number of improvements to the agreement in the area of protected foods, wine and vehicle trade.
Brussels consults on new EU Soil Strategy
The EU Commission launched Tuesday a public consultation on a new EU Soil Strategy, the last of a set of consultations on different ecosystems forming part of the EU Biodiversity Strategy.
Wage growth reaches 8.6pc in November
Year-on-year wage growth in Hungary reached 8.6pc in November, edging down from 8.8pc in the previous month, data released by the Central Statistics Office (KSH) on Friday show.
Govt approves first, HUF 6,000bn phase of economic recovery plan
The government has decided on the initial HUF 6,000bn phase of the Economic Recovery Action Plan, Prime Minister Viktor Orban said in a weekly interview on public radio on Friday.
