Tag "TakarékBank"

Csaba Héjja: the end of the price cap will affect food inflation for a while

Csaba Héjja, senior analyst at MKB Bank and Takarékbank, spoke to InfoRádio about why food inflation was the highest in Hungary and what to expect after the price cap is...

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Retail turnover increased by 0.6%

The volume of retail trade grew more modestly than expected, by 0.6% according to the raw data, and also by 0.6% when adjusted for the calendar effect, compared to the...

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The member banks of Magyar Bankholding continue to be market leaders in the financing of the food industry

Since the beginning of the year, the member banks of Magyar Bankholding have achieved above-market growth in lending to the agri-food industry, which together remain the market leaders in financing...

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Recession-proof solutions at the AGÓRA conference

More than 150 trademark users sent their representatives to Hungarian Product Nonprofit Kft.’s 8th Agóra conference in Esztergom. Managing director Eszter Benedek welcomed participants and told: they believe that sharing knowledge...

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According to MKB and Takarékbank experts, food prices will decrease

Food may become more expensive until the end of the year, and a price increase is expected in the first half of 2023, but it will be smaller than this...

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Takarékbank analysis: catering turnover increased by 5.8%

Compared to the rising base due to the gradual opening a year ago, the volume of catering turnover increased by 5.8% in July after the 14.7% increase in June, while...

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TakarékBank: foreign trade balance is significantly worse compared to last year

A significantly larger than expected deficit of 1,150 million euros occurred in foreign trade in July, following a deficit of 408 million euros in June. The euro value of exports...

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Analysts did not expect such a level of GDP growth either – this could be the reason

As we wrote about earlier, domestic GDP increased by 6.5% in the second quarter, while it expanded by 1.1% compared to the first quarter. All of this exceeded not only...

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Domestic food safety is still not in danger, according to experts

In addition to the high production costs and the uncertain economic environment, the drought is now making the situation of the producers more difficult, but food safety in Hungary is...

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(HU) Kirobbanó, 8,2%-os növekedés az első negyedévben

Sorry, this entry is only available in Hungarian....

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Agents in the agricultural and food industries are facing another shock

A coronavirus epidemic, African swine fever, poultry flu, a shortage of fertilizers, rising global inflation or a growing driver shortage after the end of British EU membership are just some...

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Takarékbank: Hungarian food and agriculture is characterized by cautious confidence

Hungarian food and agriculture started the year with cautious confidence, the experts of the financial institution said in a background discussion at the analysts of Takarékbank and Magyar Bankholding in...

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Takarékbank revised its growth forecast for last year and this year downwards

Macroeconomic analysts at Takarékbank and the Magyar Bankholding have downgraded their GDP forecast for 2021 to 6.9 percent from 8 percent and this year’s growth forecast to 6 percent from...

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Takarékbank puts agricultural investments at the forefront of its lending policy

Takarékbank’s lending policy prioritises higher value-added agricultural investments in order to support the strategic sector of the national economy, the financial institution operating as part of the Magyar Bankholding, the...

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Takarékbank: the outlook for agricultural sector differs from one another

The outlook for the agricultural sector for this year differs significantly: while grain growers can sell their products at unprecedentedly good prices and look forward to positive expectations, livestock market...

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The members of Magyar Bankholding help the agricultural sector with huge loans

The member banks of Magyar Bankholding, Budapest Bank, MKB Bank and Takarékbank, have a total loan and leasing portfolio of almost 500 billion HUF in the agricultural sector, which together...

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Takarékbank has raised its GDP growth forecast for this year to 8 percent

Due to better-than-expected second-quarter GDP data, Takarékbank has raised its growth forecast from 7.7 percent to 8.0 percent this year and left it at 7.0 percent next year, the financial...

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Magazine: Business Dinner 2021: ‘After 30 years Hungarian groceries are still respected abroad’

Trade magazin organised its annual Business Dinner at the end of June. The event’s host was Szilvia Krizsó, who discussed what the food industry will be like in 2050 with...

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Takarékbank expects agricultural operators to become more expensive

The outlook for Hungarian agriculture has further improved, with the Takarék AgrárTrend Index measuring the situation in the sector rising slightly further in the second quarter, the financial institution told...

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Takarékbank expects rapid growth this year

Takarékbank, which belongs to the Magyar Bankholding, improved its GDP growth forecast by 1.1 percentage points to 7.7 percent this year due to significantly better-than-expected GDP data in the first...

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Takarékbank: eliminating food waste is one of the keys to sustainable agricultural management

Eliminating food waste is one of the keys to sustainable agricultural management, Hollósi Dávid, Managing Director of Takarékbank’s Agricultural Division said at the NAK Field Days and Agricultural Machinery Show-Mezőfalva...

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Takarékbank: personal loan lending may increase to fivefold by the end of the year

After the pandemic subsides, the demand for personal loans may increase, the volume of 5 billion HUF placed with Takarékbank by the middle of April may jump fivefold by the...

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The experts of Takarékbank expect permanently high food prices

Experts from Takarékbank expect persistently high food prices – was said at an online background discussion of the financial institution’s agricultural business on Tuesday. It was said that in addition...

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Takarékbank: a strong GDP growth of 6.6 percent may come this year

Gross domestic product (GDP) may grow strongly by 6.6 percent this year, and GDP may reach pre-pandemic levels in the third quarter – Suppan Gergely, senior analyst at Takarékbank, told...

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Takarékbank has entered into a strategic cooperation agreement with field machine manufacturers

The National Association of Agricultural Machinery Manufacturers and Takarékbank concluded a co-operation agreement on more favorable financing of the purchase of machinery by Hungarian farmers. In addition to exchanging information...

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Takarékbank farmers are more optimistic, but a difficult year awaits livestock farmers

The expectations of agricultural participants have improved by the end of the fourth quarter of last year, compared to the previous quarter, but typically growers are optimistic and livestock farmers...

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Takarékbank: EB should make clear the environmental expectations of farmers

The European Commission (EC) should clarify the environmental obligations of farmers in the new Common Agricultural Policy (CAP), said Takarékbank’s Executive Director responsible for Agricultural and EU Relations. In a...

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Takarékbank: the turnover of restaurants almost halved at the end of 2020

Restaurant turnover fell by almost half in the last two months of 2020 due to restrictive measures taken against the second wave of the pandemic – a senior analyst at...

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It was an outstanding year for agriculture

Hungarian agriculture was able to adapt to the changed conditions, and the sector was able to produce outstanding results even in the crisis period – napi.hu wrote. According to preliminary...

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Takarékbank: strong customer authentication extends online shopping by a few seconds

When shopping online with a credit card, all credit institutions must introduce strong customer authentication from 1 January 2021, in line with EU legislation – Takarékbank drew attention on Tuesday,...

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