Hungary's 2011 wheat harvest reached 4.13mn tonnes, surpassing by 10% the amount gathered a year ago, statistics office data showed. The better harvest came despite the 3% decline in the used arable land. Among the other cereals, rye was produced on 12% y/y less hectares in 2011, which resulted in a 3% decrease in the harvest, but improved yields (up 10% to 2,330 kg from hectare). Winter barley was produced in almost the same quantity as a year ago, while spring barley gave an 18% better harvest on the year. As a whole, although cereal products were grown on smaller area, the production increased by 8% y/y in 2011. The better harvest will ease the pressure on cereal prices in the country. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more