Category Archives: English news
Forint slips past 370 to euro, a new low
The forint traded at 370.01 to the euro on the interbank forex market around 5:30 in the evening on Monday, recovering a fraction after weakening as far as 370.28 late in the day, a new historical low.
Hungary farm sector output climbs 4.6pc in 2020
Output of Hungary’s agriculture sector rose 4.6pc to HUF 2,950bn, at current prices, data compiled by the Central Statistics Office (KSH) show.
Hungary issues USD 4.25bn of dollar bonds
Hungary issued USD 4.25bn of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and long, 10- and 30-year maturities, Finance Minister Mihaly Varga said in a video posted on Facebook on Wednesday.
Nitrogénművek Zrt’s Announcement about successful restart
Farming ministers confirm CAP reform deal
EU farming ministers have accepted the provisional deal struck with the European Parliament last Friday on the key elements of the common agricultural policy (CAP) reform, thus bringing the proposal a step closer to becoming part of EU law.
Novel food: Commission authorizes insect as food for the first time
Member states approved a proposal from the European Commission, allowing the use of dried yellow mealworms as a novel food. Following a rigorous scientific evaluation by the European Food Safety Authority (EFSA), this is the very first authorization to place insects as novel foods on the market in the EU.
January 2021 sees decline in agri-food trade
In January 2021, EU agri-food exports decreased by 11pc compared to January 2020, reaching a total value of €13.5 billion. Imports attained a value of €9.1 billion, 16pc less than in January 2020.
Commission extends flexibilities of Common Agricultural Policy checks for 2021
With restrictions still in place across the EU, the Commission adopted rules to extend to 2021 flexibilities for carrying out checks required for Common Agricultural Policy (CAP) support.
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.
