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11th April, 2019

Drought heavily damages grain crops

Some 30% of cereal crops may be wiped out by the drought of recent weeks, president Istvan Jakab of farmers association Magosz told state television on Wednesday.

Last weekend’s rains have not alleviated the situation, and crops need 100-150mm of rainfall, he added.

Jakab suggested building irrigation facilities in the most drought-affected areas.

The wheat harvest reached 5.2 billion tons last year, about the same amount as in 2017. (napi.hu; hvg.hu; index.hu; origo.hu; 444.hu)
11th April, 2019

Gov’t looks to foster multinationals

The government has launched its Hungarian Multi Programme with Ft 10 billion to support SMEs, Innovation and Technology Ministry state secretary Laszlo Gyorgy announced.

EU funds will be provided to about 170 Hungarian-owned SMEs that achieve annual growth of at least 20% in three consecutive years or at least 5% annual export growth.

Such companies can become Hungarian multinationals which enter market niches and achieve success abroad, Gyorgy underlined.

Beneficiary companies will be selected by an audit examining their long-term strategy and growth potential.

Exports will be helped by tailor made consultancy services. (portfolio.hu; index.hu)
11th April, 2019

Guest nights up in February

The number of guest nights spent in Hungarian accommodation was up 2% year-on-year to 1.592 million in February, the Central Statistics Office announced on Wednesday.

The number of foreign guest nights expanded by 3.3% to 803,000 while the number of domestic guest nights was 0.6% higher at 789,000.

The room occupancy rate of hotels stood at 50.8% in February.

Gross revenues of commercial accommodation providers saw 7% growth to Ft 28 billion. The figure for the first two months was Ft 57 billion, an annual increase of 8.2%.

The number of guest nights in January-February was up by 0.7% to 3.114 million, as foreign visitors spent 1.1% more nights and domestic guests 0.2% more.

The room occupancy rate of hotels dropped from 47.7% to 47.3%, compared to one year earlier. (ksh.hu; napi.hu; index.hu; magyarhirlap.hu; magyarnemzet.hu)

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