Category Archives: English news
Hungarians’ talent, diligence are basis for continued economic growth – Orban
Hungarians’ talent and diligence provide the foundations for the country’s continued economic growth, Prime Minister Viktor Orban said in a weekly interview on public radio.
Govt exempts Central European Press and Media Foundation acquisitions from competition oversight
Hungary’s government has declared the acquisition of Echo Hungaria TV, Magyar Idok, New Wave Media and Opus Press by the Central European Press and Media Foundation of „strategic national significance”, thus exempting the transaction from the scrutiny of the Competition Office (GVH), a decree published in the official gazette Magyar Kozlony show.
Jeep presents upgraded models in Hungary
Jeep, a brand of FCA Fiat Chrysler Automobiles, presented upgrades of its Renegade, Wrangler and Cherokee models in Hungary.
Lorinc Meszaros acquiring agribusiness Mezort
The investor Lorinc Meszaros is buying agribusiness Mezort Altalanos Befektetesi, a PR agency commissioned by Mr Meszaros told.
Danish company Vestfrost to expand its production capacity in Csongrád
“Danish company Vestfrost will be expanding its existing refrigerator production and storage capacities in the city of Csongrád with an investment of 4.4 billion forints (EUR 13.5 million), towards which the Hungarian State will be providing 1.05 billion forints (EUR 3.2 million) in government funding; the investment will create 93 new workplaces”, Minister of Foreign Affairs and Trade Péter Szijjártó announced.
Govt to spend over HUF 150bn on Hungarian Village programme in 2019
The government will spend at least HUF 150bn on developments as part of the Hungarian Village programme in 2019 in order to maintain or increase populations in rural areas, Gergely Gulyas, the minister heading the Prime Minister’s Office, said at the weekend.
Takarek Group sets sights on higher profit, tighter integration
Takarek Group, which comprises Hungary’s integrated savings cooperatives and their „central bank”, Takarekbank, aims to boost annual profit to HUF 30bn by 2023, under a strategy approved by Takarekbank shareholders.
Farmland prices rose by 5.6pc in 2017
Farmland prices continued to rise in 2017, increasing by an average of 5.6pc , although the pace of price increases was slower than in 2016 when they rose by 22pc, a summary of data published by the Central Statistics Office (KSH) shows.
Continental Tobacco inaugurates HUF 1.1bn expansion in Hungary
The local unit of Germany’s Continental Tobacco inaugurated a HUF 1.1bn expansion at its base in Satoraljaujhely (NE Hungary). Continental Donhanyipari was awarded a HUF 544m grant from the government for the project, the biggest the company has ever received, said CEO Csaba Fuzi.
V4 farm chambers meet in Poland
Agriculture chambers of the Visegrad Group – Hungary, the Czech Republic, Poland and Slovakia – held their 70th combined meeting in Czerwienne, southern Poland, on November 22-23.
Productivity of organic and conventional agriculture
The raging debate on organic-conventional agriculture, and with regard to productivity in particular, is far from conclusive. This article explored the productivity comparison further, through the estimation of a common production technology for 74 countries around the world, for the period 2005 to 2014.
Torley gross revenue reaches HUF 19bn in 2017
Gross revenue of Hungarian sparkling wine maker Torley came close to HUF 19bn last year, managing director Gyorgy Kovacs said in an interview of business daily Vilaggazdasag.
Farm gate prices up 6.2pc in September
Farm gate prices in Hungary were up 6.2pc year-on-year in September, the Central Statistics Office (KSH) said. The price of live animals and animal products fell 2.8pc, but crop prices were up 12.1pc.
Hungarian cattle exports to Turkey decline
Hungarian cattle exports to Turkey, a big market for local livestock farmers, are down almost one-quarter, but demand in Russia and the CIS is up, daily said.
Zwack profit up more than 27pc in H1
After-tax profit of Zwack Unicum, Hungary’s best known spirits maker, rose 27.4pc year-on-year to HUF 1.13bn in the first half of its 2018-2019 business year, an earnings report released after the end of market trading shows. Total gross sales of the company amounted to HUF 12.15bn, a y-o-y increase of 14.3pc.
Nestle inaugurates HUF 20bn expansion at pet food plant in Hungary
Swiss-owned Nestle Hungaria inaugurated a HUF 20bn expansion at its pet food plant in Buk (W Hungary). The 5,000sqm plant shows Nestle’s commitment to Hungary, National Economy Minister Mihaly Varga said at the ceremony.
