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100% fresh pressed apple juice!

November 26. 2015.

Our company produces 100% fresh pressed apple juices in different packages (5l, 3l, 200ml).

 

Almatár products are produced from the best quality Hungarian apples without any added sugar, preservatives and other synthetic materials. We produce our products only from our own fruits, which are handled under professional and controlled conditions. Because Almatár fruit juices are made only from high-class apples, they keep their original quality for a long time.

 

More information: www.almatar.hu

Nomura Foresees Self-Assured Economy For Hungary In The Short Term

February 25. 2015.

bbj.hu/  Christian Keszthelyi

Nomura sees the Hungarian economy taking a positive turn in the short term which could extend into the middle of the year – based on rating expectations, growth and deleveraging as well as banking sector turnaround in government policy, the Japanese financial company said today in a press release. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Launches State-Owned Utilities Company

February 18. 2015.

bbj.hu / Christian Keszthelyi

The Hungarian state is launching a holding company that will act as an “efficient, predictable and cheap” utilities provider, state secretary Zsuzsa Németh said at a press conference today. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Discusses Energy With Serbia

February 17. 2015.

bbj.hu

Prime Ministers Viktor Orbán of Hungary and Aleksandar Vucic of Serbia, and Foreign Ministers Péter Szijjártó of Hungary and Ivica Dacicheld of Serbia held talks at an informal meeting in Subotica yesterday, to discuss the energy security of the region and the possibility of boosting bilateral economic cooperation, Bertalan Havasi, the Hungarian prime minister's press chief, told Hungarian news agency MTI. More...

Source: Magyar Kereskedelmi és Iparkamara

MNB: Hungary's Current Account Surplus €370 Million In December

February 16. 2015.

Hungarian News Agency / Hungarian National Bank

Hungary's current-account surplus was at €369.9 mln in December, bringing Q4 surplus to a preliminary €1.21 bln, the monthly balance of payment data published by the National Bank of Hungary (MNB) this morning reveals. Download full report from the Central Bank's website.

Source: Magyar Kereskedelmi és Iparkamara

EC Gives Green Light To Five Hungarian Operative Programmes

February 16. 2015.

Hungary Today

The European Commission (EC) has approved five of Hungary’s operative programmes for European Union funding in 2014-2020, the EC announced. The EC approved funding of 8.8 billion euros for economic development and innovation programmes, 3.97 billion euros for the regional development programme,  and 927 million euros for a programme supporting the competitiveness of central Hungary. A combined 7.7 billion euros was approved for transport development, environmental and energy efficiency operative programmes. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Suspends Buda-Cash Brokerage, Four Small Banks

February 14. 2015.

Reuters / By Gergely Szakacs

Hungary's central bank seized control of Buda-Cash and four small lenders with links to the brokerage on Tuesday saying the company could not account for about 100 billion forints ($371 million) of client cash. The National Bank of Hungary, the country's financial sector regulator, said it had filed a report and a criminal complaint with police. Buda-Cash clients' access to securities and other assets has been suspended pending further investigation. More...

Source: Magyar Kereskedelmi és Iparkamara

CEE Commercial Real Estate Investment Up 28 yr/yr, Hungary Ranks 5th

January 29. 2015.

portfolio.hu

Commercial real estate investment in Central and Eastern Europe (excluding Russia) rose 28% year-on-year and reached just over EUR 7.7 billion in 2014 according to the latest research from CBRE. Poland retained its leading position, with investment volume close to EUR 3.1 billion for the 12 months to 31 December 2014, a similar level to that of the last four years. An additional EUR 2.3 billion was traded in Russia, compared to EUR 5.3 billion in 2013. More...

Source: Magyar Kereskedelmi és Iparkamara

CME: What was Behind Pork and Hog Market Trouble this Winter?

January 28. 2015.

The Pig Site

Livestock and meat markets have reminded us lately of the Anne Murray hit song of the ‘70s entitled “Sure Could Use A Little Good News Today.” And the pork and hog markets got some yesterday as Russia announced that it would begin the process of accepting some pork products from France, Hungary, Italy, Germany, Denmark and Netherlands. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungarian PM Calls Pending Anti-Bank Legislation "Historical"

September 16. 2014.

NewEurope Online

Addressing parliament on the first day of its autumn session on Monday, Hungarian Prime Minister Viktor Orban called a new bill, set to go before the House "historical in significance." Orban said the new bill was in line with other government measures aimed at fairness. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Tightens Grip On Banks, Raises Bill For Loan Refund Costs

September 12. 2014.

Reuters - By Krisztina Than and Gergely Szakacs

Hungary tightened the screw on banks on Friday by imposing a ban on interest rate and fee hikes just as they must find more than 3 billion euros ($4 billion) in refunds on loans granted over the past decade.

Source: Magyar Kereskedelmi és Iparkamara

Hungarian PM: EU Shot Itself In Foot' With Russia Trade Sanctions

August 15. 2014.

EU Business

The EU "shot itself in the foot" by imposing trade sanctions on Russia over the Ukraine conflict, Hungarian Prime Minister Viktor Orban said in a radio interview Friday. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Cuts Base Rate To Record Low, Ends Long Easing Cycle

July 22. 2014.

AFP

Hungary's central bank MNB cut its main interest rate to a record low of 2.10 percent on Tuesday, ending a two-year-long monetary easing cycle aimed at stoking economic growth. More... - Further reading on Bloomberg's

Source: Magyar Kereskedelmi és Iparkamara

Hungary Sheds Light On Attractive June Budget Deficit Figure

July 21. 2014.

portfolio.hu

Hungary’s National Economy Ministry has on Monday published detailed figures for the budget balance of the first half of the year. It has confirmed the preliminary data that in June there was a HUF 132 bn shortfall, an extremely low figure for the month. More...

Source: Magyar Kereskedelmi és Iparkamara

Borsodchem to Build New Plant in Kazincbarcika for EUR 84 Million

July 15. 2014.

MTI - Gov't Press Office

BorsodChem Zrt, the Hungarian subsidiary of the Chinese Wanhua Industrial Group, is to build a new plant for hydrochloric acid conversion in Kazincbarcika with government support. The investment of EUR 84 million will create at least 70 new jobs, announced Péter Szijjártó, State Secretary of the Ministry of Foreign Affairs and Trade and Jiansheng Ding, chairman and CEO of BorsodChem on Monday in Budapest. More...

Source: Magyar Kereskedelmi és Iparkamara

Emirates To Launch Daily Flights To Hungary

July 14. 2014.

Trade Arabia

Dubai-based Emirates airline is set to commence services to Hungary from October 27 with a daily flight to the capital Budapest. The airline will offer 278 seats per day on the Dubai-Budapest route, operating a wide-body A330-200 aircraft in a two-class configuration, said a statement. More...

Source: Magyar Kereskedelmi és Iparkamara

IEER Monthly Bulletin of Economc Trends - June 2014

July 11. 2014.

A new project launched by the IEER research team has investigated if online media could be used to predict investment willingness in the private sector. More than twelve thousand articles containing investment-related terms, were analised from this aspect. In the second part IEER brings macroeconomic trends into focus and, summing up the forecasts of international organisations, finds that economic recovery in the Eurozone is likely to continue in the rest of the year.  Read or download the IEER Bulletin from here.

Source: Magyar Kereskedelmi és Iparkamara

Tea For Two - Hungarian Designer's Set Made From Paper

July 07. 2014.

CB Creative Bloq

Crafting exciting new products for everyday use needs plenty of creativity and a unique approach. Bringing a breath of fresh air into the crockery market is Hungarian based designer Edina Andrási who has used her love of paper art to produce a paper tea set. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary May Rethink But Not Scrap Bank Tax - Minister

July 07. 2014.

Reuters - Reporting by Marton Dunai

Hungary may revise its bank tax as new measures to unwind foreign currency loans could be costly for lenders, but it will not scrap the tax altogether, Economy Minister Mihaly Varga told public radio on Monday. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungarian, Serb, Bulgarian Chambers To Convene Here

July 03. 2014.

Budapest Business Journal

The Chambers of Commerce and Industry of Serbia, Hungary and Bulgaria on Wednesday made a multilateral commitment to greater cooperation on economic development and energy security. More...

Source: Magyar Kereskedelmi és Iparkamara

No Discussions About Launching EDP Against Hungary

July 02. 2014.

kormany.hu

Minister of National Economy Mihály Varga said in connection with a critical report published by the European Commission that there was "absolutely no talk" about launching an excessive deficit procedure (EDP) against the country. More...

Source: Magyar Kereskedelmi és Iparkamara

EU Warns Hungary of Deficit-Procedure Risk on Rising Debt

July 01. 2014.

Bloomberg- by Marton Eder

Hungary may need additional budget cuts to lower government debt and avert the risk of re-entering the European Union’s budget monitoring process, the 28-member bloc’s executive said today. More...

 

Source: Magyar Kereskedelmi és Iparkamara

Latest Statistics: Agricultural Prices, Industrial Output, Consumer Prices

June 13. 2014.

Central Statistical Office

- Agricultural producer prices decreased by 8.9% in April 2014 y/o/y. The price of crop products fell by 13.6%. - Full report on CSO website.

- In April 2014, industrial gross output grew by 10.1% compared to the same month of 2013 mainly due to a rise in the sales of transport equipment. Full report on CSO website.
- In May consumer prices decreased by 0.1% compared to May 2013. - Full report on CSO website.

Source: Magyar Kereskedelmi és Iparkamara

Hungary Exim Bank Inks Important Deal With IFC

June 12. 2014.

portfolio.hu

IFC (International Finance Corporation), a member of the World Bank Group, and the Hungarian Export-Import Bank have agreed to streamline their collaboration to provide much-needed financing to private companies and help boost growth and jobs in emerging markets. More...

Source: Magyar Kereskedelmi és Iparkamara

Prime Minister Orbán’s New Government Sworn In

June 06. 2014.

kormany.hu

President János Áder formally appointed the ministers of Prime Minister Viktor Orban's third government on Friday. Later, Parliament held a session at which Prime Minister Orbán addressed the new cabinet before their oath-taking ceremony. The goal of the cabinet formed on Friday is to operate a people's government, he stated, which is based on the classic idea of Abraham Lincoln: "Of the people, by the people, for the people." Hungary's government must lead a unified and strong nation forwards along the path that it embarked upon four years ago, he emphasised. More...

Source: Magyar Kereskedelmi és Iparkamara

Corinthia Hotel Budapest Launches The Grand Budapest Hotel Package

February 25. 2015.

Luxury Travel Magazine

Corinthia Hotel Budapest, originally the Grand Hotel Royal, launches a new package to celebrate the Oscar success of 'The Grand Budapest Hotel' and cinematic past and present of Hungary’s capital. The buzz around Wes Anderson’s ‘The Grand Budapest Hotel’ has been firmly reinstated – as the movie ran away with four Oscars. Did Anderson perhaps get his inspiration for this enchanting hotel when he stayed at and did a back-of-house tour at Corinthia Hotel Budapest in 2012? More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Central Bank Expands Lending Scheme To SMEs

February 18. 2015.

portfolio.hu

The National Bank of Hungary (MNB) is to launch the FGS+ programme to give a boost to lending to small and medium-sized enterprises, central bank Governor György Matolcsy has told a press conference on Wednesday. Contrary to previous reports, the Funding for Growth Scheme will be expanded not to large corporates but to SMEs that have carried too high risks for the banks to lend them at a rate capped at 2.5%. Matolcsy believes the FGS will add one percentage point to growth this year and probably in 2016 too. More...

Source: Magyar Kereskedelmi és Iparkamara

President Putin's Talks With PM Orban In Budapest - (Snippets From The Joint Press Conference)

February 17. 2015.

- (Telegraph) The Russian president said that Hungary and Russia had “unquestionable potential for increasing cooperation in the economic sphere.”

- (Reuters) Hungary and Russia have reached a political deal on Russian gas shipments to Hungary, Prime Minister Viktor Orban said on Tuesday after a meeting with Russian President Vladimir Putin.

- (Associated Press) Orban said "Hungary needs Russia" and it was important for Russia to be open to Hungarian products, which have been affected by Russia's ban on EU imports - a countermeasure to EU sanctions against Russia because of the Ukraine crisis.

- (novinite.com) The Russian nuclear power corporation Rosatom will start the construction of two units at the Hungarian nuclear power plant (NPP) Paks in the spring. This was announced by the chief executive of Rosatom Sergey Kiriyenko in Budapest on Tuesday, TASS news agency reports.

Source: Magyar Kereskedelmi és Iparkamara

Hungarian Rhapsody: Will Putin’s Visit To Viktor Orban Give Russia A Way Into Europe?

February 17. 2015.

Russian Times

Vladimir Putin has chosen Hungary for his first state visit to an EU state since the beginning of the Ukrainian crisis a year ago. Energy issues are expected to top the agenda, yet the Russian leader usually has an ace up his sleeve. More...

Source: Magyar Kereskedelmi és Iparkamara

Private Banking: Shrinking Margins, Stagnating Client Base

February 16. 2015.

bbj.hu / Gabriella Lovas (The article is from the February 13-26 print edition of the Budapest Business Journal)

While the 2008 financial crisis questioned the justification for structured products globally, the recent decision of the Swiss National Bank to scrap the euro peg has revealed risks - not previously perceived by domestic investors - for the entire Hungarian market of derivative funds, according to Blochamps Capital CEO István Karagich.

Source: Magyar Kereskedelmi és Iparkamara

Gurit Invests In Hungary Site But Cuts Jobs In UK

February 16. 2015.

European Plastics News

Gurit, the Swiss composite materials group, has announced a three step plan to shape the future of its Composite Components business, which will result in a CHF 6m (€5.65m) investment programme during 2015 at the company’s existing production facility in Hungary, but will also see job cuts in UK. More...

Source: Magyar Kereskedelmi és Iparkamara

KSH: Retail Sales Increase 5.1% In November

January 29. 2015.

Budapest Business Journal / Christian Keszthelyi

Hungarian retail sales grew by a year-on-year 5.1% in November according to both calendar year-adjusted and unadjusted data, however the figures were revised slightly down from 5.2% in a first reading released on January 8, the Central Statistics Office (KSH) reported today in a second reading of data. More...

Source: Magyar Kereskedelmi és Iparkamara

Draghi Plays Muse as Hungary's Interest-Rate Stance Eases

January 28. 2015.

BloombergBusiness /

The lowest inflation in almost five decades and unprecedented stimulus in the neighboring euro area is prompting Hungary’s central bank to revisit a pledge to keep interest rates on hold this year. More...

Source: Magyar Kereskedelmi és Iparkamara

Coming Soon: 3rd European Parliament of Enterprises

September 16. 2014.

Exactly one month from today, about 1000 business representatives from 45 European countries, including 21 from Hungary, will gather in the hemicycle of the European Parliament in Brussels for the third edition of the European Parliament of Enterprises (EPE).  The European Parliament of Enterprises is the largest event at EU level that gives the floor directly to entrepreneurs, allowing them to provide politicians with bottom-up feedback on EU policies. For more, click on the title.

Source: Magyar Kereskedelmi és Iparkamara

Countries of Danube region support South Stream

September 16. 2014.

In Serbia News

Hungary, Serbia and Bulgaria, and the chambers of commerce of these countries support the construction of the South Stream gas pipeline, arguing that it will help the economic development of these countries and they therefore expect that the EU and Russia will come to an agreement concerning the project. More...

Source: Magyar Kereskedelmi és Iparkamara

Wine Review: Hungary's Furmint Grape

August 15. 2014.

The Telegraph

If you like tokaji, you’re already a fan of furmint. And now its time has come. Hungary’s furmint seems to be having a bit of a moment. You may not have heard of it yet (and yes, it does sound like a toy for cats), but furmint is a grape variety you’ve quite possibly enjoyed before, without knowing. More...

Source: Magyar Kereskedelmi és Iparkamara

Central European Factory Output Mixed in July, Still Mostly Strong

August 01. 2014.

WSJ Emerging Europe - By Leos Rousek

Central Europe’s factory output was mixed in July, going strong in the Czech Republic and Hungary, but hitting a bump in Poland reflecting varied domestic demand across the region and different connections with key euro-zone export markets, data showed Friday. More...

Source: Magyar Kereskedelmi és Iparkamara

CEE MONEY - Hungary Could Risk Forint Selloff With Fx Loan Conversion

July 21. 2014.

Reuters - By Krisztina Thán

Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages into forints as the timing looks tricky: the planned conversion will take place after the Fed ends its stimulus programme. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Construction Output Soars By Nearly 30% in May

July 15. 2014.

portfolio.hu

Hungary’s construction output grew by 28.7% year on year in May, according to both unadjusted and working day adjusted data, the Central Statistical Office (KSH) reported on Tuesday. Output rose in annual terms in both main groups of constructions: i.e. in the construction of buildings and civil engineering works by 17.0% and 40.4% respectively. Construction output was up 2.2% month on month, according to figures adjusted seasonally and for working days. In the first five months of 2014, the production was up by 27.8% compared to the same period of 2013. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Sees Debt Stagnating in 2014 as EU Warns on Risks

July 15. 2014.

Bloomberg - By Edith Balázs

Hungary expects the government’s debt level to stagnate this year after the European Union warned the country should lower the borrowing burden to avert re-entering the bloc’s budget monitoring process. The cabinet forecasts government debt will be 78.15 percent of annual output at end-2014, compared with 78.26 percent a year earlier, according to an Economy Ministry projection published by research group Fiscal Responsibility Institute on its website. - More...

 

 

Source: Magyar Kereskedelmi és Iparkamara

Why Did Hungary's Industrial Production Grew By Nearly 10% In May?

July 14. 2014.

porfolio.hu

Hungary’s industrial gross output grew by 9.6% year on year in May 2014, according to both raw figures and data adjusted for working days, the Central Statistical Office (KSH) reported on Monday. On a monthly basis, though, industrial production dropped 1.0%. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Sees Foreign Trade Surplus Shrinking

July 09. 2014.

Portfolio.hu

Hungary's foreign trade surplus has become smaller and smaller with every month recently. The May figure is in line with that trend, revealing a minor setback in export dynamic, with imports growing faster than exports do. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary's Operator-Backed Group Estimates 350-400K First-Round Wallet Users

July 07. 2014.

Mobile World Live - by Richard Handford

The Hungarian Mobile Wallet Association has put a figure of 350,000 to 400,000 on the number of initial users for its proposed payments and loyalty service. More....

Source: Magyar Kereskedelmi és Iparkamara

Latest Statistical Data: Retail, External Trade, Government Expenditure

July 03. 2014.

Central Statistical Office

- The volume of retail trade rose slightly in May. The restructuring of tobacco retailing has also led to changes in statistical data records, making H1 figures incomparable to those in the first six months of the previous year. Read the full report at the CSO's website.

- External trade surplus was EUR 629 million in April. Y/o/y the volume of exports was 6.5% higher. Read the full report at CSO's website. 

- Preliminary data show the deficit of the general government sector in Q1 2014 was HUF 256.6 billion, or 3.6% of GDP. Read the full report at the CSO's website.

Source: Magyar Kereskedelmi és Iparkamara

Travel: Escaping, Literally, in Budapest and Beyond

July 02. 2014.

New York Times - By Lisa Abend

It took only a few minutes after the door locked behind us for the atmosphere in the cramped room to turn tense. A hasty note, left behind on a battered table, warned us that we had only an hour to get out, and it soon became clear that our escape route lay behind a second door. More...

 

Source: Magyar Kereskedelmi és Iparkamara

Hungary's Banks Urge Fair Legislation On FX Loans

July 01. 2014.

Reuters

Hungary's banks accused the government on Tuesday of holding them collectively responsible for borrowers' problems after shifts in the exchange rate soured once-popular foreign currency mortgages. More...

Source: Magyar Kereskedelmi és Iparkamara

Latest Statistics: Agricultural Prices, Industrial Output, Consumer Prices

June 13. 2014.

Central Statistical Office

- Agricultural producer prices decreased by 8.9% in April 2014 y/o/y. The price of crop products fell by 13.6% and that of live animals and animal products increased by 0.9%. - Full report on CSO website.

- In April 2014, industrial gross output grew by 10.1% compared to the same month of 2013 due to mainly a rise in the sales of transport equipment and the related supplier branches, as well as of food industry. - Full report on CSO website.
- In May consumer prices decreased by 0.1% compared to May 2013. - Full report on CSO website.

Source: Magyar Kereskedelmi és Iparkamara

Orbán: Sectoral Taxes Will Stay; Personal Income Tax Will Shrink

June 13. 2014.

Budapest Business Journal

The special taxes on the the financial, energy, retail and telecommunications sectors will remain in place for as long as the ruling Fidesz government is in power, Prime Minister Viktor Orbán said today. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungry In Hungary: Budapest Is A New Foodie Capital

June 12. 2014.

The National - John Burton

Budapest is one of Europe’s hottest destinations right now. Lauded a century ago as the glittering Paris of Mitteleuropa, the capital of Hungary is in the midst of a new renaissance, with its sumptuous turn-of-the-century palaces brought back to life as luxurious hotels, along with a foodie revolution sweeping through the city from gourmet restaurants to funky food trucks. There are cutting-edge art and design projects springing up in everything from ruined mansions to abandoned factories, a hip nightlife scene that rivals London or Berlin, while the city’s iconic thermal baths, which have been the favourite pastime of locals for 500 years, are being spruced up and transformed into modern spas without losing any of their unique charm. More...

Source: Magyar Kereskedelmi és Iparkamara

Hungary Industry Output Grows at Fastest Pace in 3 Years

June 05. 2014.

Bloomberg - By Zoltán Simon

Hungary’s industrial-output growth unexpectedly accelerated at the fastest pace in three years as carmakers raised production, boosting Prime Minister Viktor Orban’s bid to regain the country’s investment credit grade. More...

 

Source: Magyar Kereskedelmi és Iparkamara