Category Archives: English news
Policy makers keep O/N deposit rate, base rate on hold
The Monetary Council of the National Bank of Hungary (NBH) decided to keep the central bank O/N deposit rate at -0.05pc and the base rate at 0.90pc at a monthly policy meeting. The Council has left the rates unchanged for more than half a year and have tweaked monetary policy on a quarterly basis, coinciding with the publication of the central bank’s Inflation Report.
According to the minister, the agricultural economy could accelerate further
Efficiency and competitiveness – these two keywords are a guarantee that Hungarian agriculture will continue to be at the forefront of European agriculture – said the Minister of Agriculture at a professional conference on Thursday, where he also took stock of the sector’s achievements in recent years.
Orban holds talks with Erdogan in Budapest
Hungarian Prime Minister Viktor Orban held bilateral talks with Turkish President Recep Tayyip Erdogan in Budapest on Thursday.
István Nagy at the Agricultural Offensive
The Minister of Agriculture has talked to leaders from several countries, covering a total market of $ 1.5 billion. István Nagy received the Minister of Agriculture and Forestry of the Republic of Turkey, the Minister of Water of India and the Ambassador of the Islamic Republic of Iran.
Together with Hungary, twenty Member States would not reduce their agricultural subsidies
At the last meeting of the Agriculture and Fisheries Council, together with Hungary, a total of twenty Member States refused to reduce the resources of the Common Agricultural Policy.
Portuguese farmer experiments with cover crops to suppress nutsedge
Operational Group combats weeds with non-chemical alternatives – Agriculture in the EU and worldwide has become increasingly dependent on the use of pesticides.
Big egg farms’ output set to fall in 2019
Large-scale egg production, after an almost 11 percent increase last year, dropped by about 9 percent year-on-year in the first half of this year, so it is expected to produce 1-1.2 billion eggs this year in Hungary after last year’s 1.24 billion.
Commission publishes the latest short-term outlook for main EU agricultural sectors
The latest agricultural short-term outlook report published by the European Commission gives insights on the main agricultural markets’ trends, production, and trade for 2019 and 2020.
V4 agriculture ministers met in Prague
The future of the Common Agricultural Policy and forestry issues were the main topics of the meeting of the agriculture ministers of the Visegrad Cooperation in Prague, enlarged with Bulgaria, Croatia, Slovenia and Romania, and which was attended by the Finnish Presidency of the Council of the European Union.
SPAR to invest HUF 7bn in two stores
SPAR Hungary Trade Ltd. will open an Interspar hypermarket in Kaposvár and a supermarket in Törökbálint, and the company will spend HUF 7 billion on its two investments, which will be completed in 2020.
Crop diversification for carbon-rich grasslands
Mixed grasslands bring multiple benefits to Dutch dairy farm – Two years ago, Dutch dairy farmer Matté Eikelenboom started exploring crop diversification in his grazing land, to stimulate soil life and improve the health of his cows.
The new cheese factory of Alföldi Tej Kft.
The new cheese and pulverization plant of Alföldi Tej Kft. Cost almost HUF 15 billion, the investment made in Debrecen on its own resources, credit and non-refundable subsidy of HUF 4.8 billion from the government. The plant will mainly process fresh milk from Debrecen dairy farmers.
Significant planting programs are underway – István Nagy announced
The Ministry of Agriculture (AM) is continuing the forest and tree planting with more significant programs than ever before, and it allows everyone to participate in the greening of Hungary.
Talentis Agro Holding acquires a new member company
Acquisition of Gödöllő Tangazdaság Zrt. By Talentis Agro Zrt. after approval by the Hungarian Competition Authority.
Torokszentmiklosi Mezogazdasagi launches construction of dairy complex
The foundation stone of a milk complex was laid in Szenttamás by the investment of Törökszentmiklós Agricultural (TM) Zrt. A trial run in December 2020, with milk processing and sales starting in January 2021.
There is no classical swine fever in domestic pigs in Hungary
There have been different opinions about the presence of African swine fever in Hungary, and many domestic pigs are probably suspected of being alive and moving, although the situation is much more nuanced. Even if there are others who want to spread something else. It is a big business in the meat industry and has a lot of interests in it…
