Category Archives: English news
László Bige: Nitrogénművek Zrt. outperforms expectations
This year has been exceptionally good for the Bige group. Nitrogénművek Zrt. is on course to finish one of its most successful year, the owner of the company commented in an interview in Vidék Magazine.
AKK puts 2021 net financing requirement at HUF 3,332bn
The Government Debt Management Agency (AKK) puts next year’s central budget net financing requirement at HUF 3,332bn, to be financed by HUF 1,913bn of net securities issues as well as by using liquidity reserves created in 2020 and a bond issue in November 2020, a financing plan published on Monday shows.
Coca-Cola expands capacity at Hungary mineral water plant
Coca-Cola HBC Magyarorszag has completed a HUF 300m expansion at its mineral water bottling plant in Zalaszentgrot (W Hungary), boosting output by 20pc, the soft drink company said.
‘Reason triumphs’, ‘Hungarian money defended’ at Brussels summit – Orban
Prime Minister Viktor Orban said „reason triumphed” and „Hungarian money was defended” at a summit in Brussels on Thursday where European Union leaders debated attaching conditions to payouts from the EU budget and recovery fund.
Higher prices lift value of farm sector output 4.1pc in 2020
Gross value of the output of Hungary’s farm sector rose 4.1pc to HUF 2,953bn in 2020, the Central Statistics Office (KSH) said in a first estimate.
Food companies dampen industrial output growth in Oct
Industrial output in Hungary edged up 0.6pc year-on-year in October as a contraction in the food, drinks and tobacco products segment stifled growth, a detailed release of data by the Central Statistics Office (KSH).
Ratification of agreement reached at Brussels summit next ‘difficult obstacle’ – Orban
The ratification of an agreement reached at a EU summit on the next EU budget and recovery fund is the next „difficult obstacle”, Prime Minister Viktor Orban said at a joint press conference with Mateusz Morawiecki.
IIB invests almost EUR 400m in Hungarian economy
Outlays of the International Investment Bank (IIB) in Hungary add up to almost EUR 400m since 2015, the lender’s chairman, Nikolay Kosov, told.
BUX rises, outperforms Western European peers
The Budapest Stock Exchange’s main BUX index finished up 1.05pc at 41,103.01 Thursday after gaining 2.57pc on Wednesday.
Consensus close on matter of conditionality, Orban says in Brussels
Prime Minister Viktor Orban said a consensus on the debate over conditionality is close ahead of a European Union summit in Brussels on Thursday.
Hungary, Poland reject linking EU payouts to rule of law
The prime ministers of Hungary and Poland said they reject a proposal that would tie European Union funding to rule of law criteria at a joint press conference in Budapest on Thursday.
Joint Declaration of the Prime Minister of Poland and the Prime Minister of Hungary
With respect to the MFF/Next Generation EU financial package including the draft Regulation on a general regime of conditionality for the protection of the Union budget we agreed on the following principles and objectives which we are going to pursue during the negotiations within the European Union:
Hell Energy, Szerencsi Bonbon awarded pandemic stimulus
Minister of Foreign Affairs and Trade Peter Szijjarto presented certificates to soft drink company Hell Energy and chocolate manufacturer Szerencsi Bonbon awarding them government grants supporting investments that preserve jobs and boost efficiency during the coronavirus crisis.
Hungary wheat yield estimated at 4.3-4.4 tonnes per hectare
Hungary’s National Agriculture Council (NAK) estimates the wheat yield will reach 4.3-4.4 tonnes per hectare this year, based on preliminary data, state secretary for farming and rural development Zsolt Feldman said after a meeting of the Harvest Coordination Commission.
Gallicoop to construct HUF 582m solar power plant, increase capacity in SE Hungary
Poultry company Gallicoop will build a 1.2MW solar power plant through investment of HUF 582m in Szarvas (SE Hungary), CEO Istvan Erdelyi said.
Belarus: EU concludes agreements on visa facilitation and readmission
The Council today adopted two decisions to conclude a visa facilitation agreement and a readmission agreement with Belarus.
