Category Archives: English news
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.
Water reuse for agricultural irrigation: Council adopts general approach
The EU is taking new measures to reduce the risk of shortages of water for irrigating crops. The Council adopted its position (general approach) on a regulation which facilitates the use of urban waste water for agricultural irrigation.
EU signed trade and investment protection agreements with Vietnam
The representatives of the European Union – Commissioner for Trade Cecilia Malmström and Minister Ștefan-Radu Oprea, on behalf of the Romanian Presidency of the Council – signed the EU-Vietnam trade and investment protection agreements.
Africa-Europe alliance: a political declaration for a stronger partnership in agriculture, food and farming
On the occasion of the third African Union – European Union agricultural ministerial conference, African Union and the European Union representatives will for the first time endorse a Political Declaration, accompanied by an action agenda, with the overall aim of further strengthening the Africa-EU partnership in food and farming at all levels.
Poultry demand drops because of cheaper pork
Farmgate prices for poultry fell early in the year because of a drop in demand as consumers bought cheaper pork instead.
Reduction of poverty rates in rural areas among findings of CAP assessment
The Common agricultural policy (CAP) is increasingly market oriented, leading to an increase in EU competitiveness and trade performance. Supporting around 7 million beneficiaries, the CAP is also contributing to reducing poverty rates in rural areas. These were among the findings of the first assessment of the CAP’s performance published, by the European Commission.
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.
