Category Archives: English news
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.
Pannonia Bio 2019 revenue rises over EUR 367m
Biorefinery Pannonia Bio’s revenue climbed 27.5pc to more than EUR 367m last year, the company said in an announcement posted on the website of the Budapest Stock Exchange.
Erste Bank Hungary chief Jelasity elected banking assoc head
Radovan Jelasity, the chairman-CEO of Erste Bank Hungary, was elected chairman of the Hungarian Banking Association on Friday, the professional body said. Mr Jelasity replaces Andras Becsei, the CEO of OTP Mortgage Bank, who will now serve as deputy chair of the association.
Magyar Suzuki to re-start second shift from end-June
The local unit of Japanese car maker Suzuki will re-start a second shift at its plant in Esztergom (N Hungary) from June 29, Magyar Suzuki executives said at an online press conference.
Danubius Hotels to re-open some accommodations
The Danubius Hotels group will re-open some hotels outside of the capital from May 29, ahead of the long weekend for the Pentecost holiday, the company said.
Budapest Zoo to reopen after lockdown lifted
The Budapest Zoo and Botanical Garden will re-open on Wednesday after closing in March to contain the spread of the novel coronavirus.
Bige Holding makes COVID-19 testing equipment donation
NZRT Trade Kft., a member of the Bige Holding Group donated HUF 67.8 million worth of coronavirus testing equipment to Szabolcs-Szatmár-Bereg County Hospitals and University Teaching Hospital (SzSzBMK).
Bird flu detected in E Hungary, 115,000 ducks destroyed
Hungarian food safety authority Nebih on Wednesday said it detected avian flu virus at a duck farm in Hajdu-Bihar County (E Hungary).
Corporate lending stock of Hungarian banks up in November – NBH
The corporate lending stock of Hungarian banks rose in November from the previous month with nearly 30pc of the increase reflecting revaluation effects, fresh data from the National Bank of Hungary show.
Water reuse for agricultural irrigation: Council approves provisional deal
The EU is taking new measures to reduce the risk of shortages of water for irrigating crops. The EU ambassadors of the member states endorsed the provisional agreement which had been found with the European Parliament on regulation that will facilitate the use of treated urban wastewater for agricultural irrigation. This endorsement clears the way for final adoption.
HEPA opens office in Moscow
Minister of Foreign Affairs and Trade Péter Szíjjartó opened the Hungarian Export Promotion Agencyʼs (HEPA) new office in Moscow on Friday.
The European Green Deal will not be sustainable if it is not fair
The Fair Trade movement welcomes the European Green Deal unveiled by the European Commission President – but calls for small farmers and workers in the Global South to be included as equal partners in a “just and inclusive” transition to more sustainable consumption and production.
Condor V – New design, improved performance – is available from January 1st, 2020
From January 2020, a new generation Condor self propelled sprayers is rolling off the line at Agrifac. The design has been updated, in line with the new Condor Endurance. Another major update is the stage V motor.
Getting Raided Is Cost of Doing Business for This Millionaire
Hungary’s Laszlo Bige says his troubles come from a long-running dispute with one of the country’s most influential men. Sándor Csányi denies the accusations…
