Category Archives: English news
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.
Hungary three-month avg jobless rate edges up to 3.8pc in April
Hungary’s three-month rolling average jobless rate reached 3.8pc in April, up 0.1 percentage point from the previous month and 0.3 percentage point from twelve months earlier, the Central Statistics Office (KSH) said on Wednesday.
AKK modifies 2020 financing plan because of bigger deficit
The Government Debt Management Agency (AKK) on Tuesday said it modified its 2020 financing plan to accommodate a bigger budget deficit, widened by policy measures to ease the economic fallout from the coronavirus crisis.
Budapest Bank joins Takarekbank Group, MKB tie-up
State-owned Budapest Bank has joined a strategic cooperation earlier formed by MTB Magyar Takarekszovetkezeti Bank (MTB), the „central bank” for Hungary’s integrated savings cooperatives, and MKB Bank, the parties said on Tuesday.
Hell Energy subsidiary plans HUF 24bn hotel in Tata
Avalon Center, a member of Hell Energy group, is planning on building a 120-room, 5-star hotel with a HUF 24bn investment on the lakeside of the „Old Lake” in Tata (W Hungary), Hell communications head Peter Pantl said on Tuesday.
Govt submits 2021 budget bill to Parlt
Finance Minister Mihaly Varga submitted the 2021 budget bill to Parliament on Tuesday. Mr Varga ceremoniously presented the budget, in paper and digital form, to House Speaker Laszlo Kover in Parliament.
Policy makers leave rates on hold
The Monetary Council of the National Bank of Hungary (NBH) decided to keep the central bank base rate at 0.90pc and the O/N deposit rate at -0.05pc at a monthly policy meeting on Tuesday.
