Category Archives: English news
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…
Strategic Tasks – Interview with János Nagy
The recently launched National Center for Land Management, which in addition to eliminating undivided joint ownership of land, from the National Land Management Organization, also deals with forestry and irrigation, said János Nagy, president of the new state organization.
We are continuing the battle for the money of Hungarian farmers
“The Hungarian Government is continuing the battle for the money of Hungarian farmers. Countries with a traditionally strong agriculture must take joint action in the interests of maintaining the current level of Common Agricultural policy (CAP) funding and assuring simple, farmer-friendly regulations”, Minister of Agriculture István Nagy said following a meeting with French Agriculture Minister Didier Guillaume.
Gyulahus turnover climbs 13pc in 2018
Revenue of Gyulahus, a meat company owned by the local council of Gyula (SE Hungary), rose 13pc to HUF 6.5bn last year, managing director Zsolt Daka told.
Court allows Bige Holding artificial fertiliser plant to resume production
The Court of Debrecen has deferred the decision of Jasz-Nagykun-Szolnok County Disaster Management Directorate to suspend the operating licence of Bige Holding’s artificial fertiliser plant in Szolnok (C Hungary), which could result in production continuing this week – or not? What is the truth about Bige Holding and owner Laszlo Bige?
Hungary inks deal on Trieste port
The state of Hungary on Friday signed an agreement on establishing a port and logistics base in Trieste to give Hungarian companies easier access to export markets.
Wizz Air adds Kazan to Budapest timetable, expands Tirgu Mures service
Hungarian low-fare carrier Wizz Air has won a state tender to operate a direct flight between Budapest and the Russian city of Kazan, Minister of Foreign Affairs and Trade Peter Szijjarto announced at a joint press conference with the airline’s CEO Jozsef Varadi.
Saudi Arabia’s Economic Growth Expected to Pick Up Again in 2019
Saudi Arabia’s economic outlook is expected to improve further in 2019, although downside risks remain as a result of the global economic slowdown and the impact it could have on oil markets.
MFB Invest to inject EUR 17.5m in Opus isoglucose unit
MFB Invest, a unit of the state-owned Hungarian Development Bank (MFB), will invest EUR 17.5m in KALL Ingredients to support the development of the company’s isoglucose plant in Tiszapuspoki (E Hungary), a disclosure by KALL Ingredient’s owner shows.
Deufol to build HUF 7bn packaging, logistics base in Hungary
German packaging and logistics company Deufol is building a HUF 7bn base in Debrecen (E Hungary), Ministry of Foreign Affairs and Trade Peter Szijjarto announced.
NBH makes case for package pricing retail payment services
The National Bank of Hungary (NBH) argued that local banks could benefit from adopting the international best practice of package pricing for retail payment services in an annual report released. The NBH said the cost level of retail payment services in Hungary is relatively high in international comparison, accounting for 0.52pc of an average client’s income. That ratio is well over the 0.36pc average for retail bank clients across Eastern Europe, as well as the 0.16pc average for Western Europe.
Choices for EU’s top jobs likely to pursue good policy – Orban
People picked to head the EU’s most important institutions are likely to pursue good policies from Hungary’s point of view, Prime Minister Viktor Orban said, after the European Council took decisions on top jobs at a meeting in Brussels.
