News and articles
Agriculture is the least indebted sector
Date: 2017-01-17 11:38:21
According to the National Bank of Hungary, the data of the past five years suggests that the national economy’s overall failure rate for the second quarter of 2016 can be...
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The CPI buys shopping malls, department stores in the region
Date: 2017-01-17 11:36:03
The CPI Property Group anticipates the acquisition of a retail portfolio located in Hungary, the Czech Republic, Poland and Romania from funds managed by CBRE Global Investors. The CPI Property...
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eNet: almost one million people received their online Christmas orders belatedly
Date: 2017-01-17 11:34:26
More than 900 000 Hungarian Internet users could receive their online Christmas orders belatedly. The customers received the packages with an average 5 days later, moreover 12 percent of the...
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Hungary will debut at the world’s largest wine fair
Date: 2017-01-17 11:08:10
Twenty wine producers from ten Hungarian wine regions will have the opportunity to debut at the Hungarian community booth organized by the Hungarian Tourism Agency (MTU) at the ProWein wine...
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The EC expects a growth in the number of pigs in Europe
Date: 2017-01-17 11:05:26
The European Commission expects a slow but steady increase in the European Union’s pig meat production from 2018 until 2026. According to the projection, the output will be around 23.9...
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The Hungarian SMEs can apply for 2362 million euros this year
Date: 2017-01-17 11:05:19
The Hungarian small and medium-sized enterprises (SMEs) this year will be eligible to apply for 2362 million euros, while in Croatia, Romania and Bulgaria the amount is much less –...
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This can be the year of colza
Date: 2017-01-17 11:03:56
European farmers have already turned their attention to the growing demand for colza. The Agricultural Economics Research Institute in its analysis pointed out that the growing area of colza increased...
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British American Tobacco buys its competitor
Date: 2017-01-17 11:00:59
The British American Tobacco (BAT) has agreed a 49.4 billion USD takeover of U.S. rival Reynolds American Inc, creating the world’s biggest listed tobacco company after it nudged up an...
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The Prime Minister’s Office suspends the application for the development of sheep and goat farms
Date: 2017-01-17 11:00:57
The Prime Minister’s Office suspends the application for the development of sheep and goat farms, from 20 January due to the depletion of the availability of resources. For the almost...
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Hungary’s leasing market expands above the European average
Date: 2017-01-17 10:46:47
Although the economic performances of several European countries are rather poor, the leasing market expanded by 10 percent on average by the end of the third quarter, while in Hungary...
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New small-scale farmer IDs from January
Date: 2017-01-17 09:56:01
From January only the new type small-scale farmer IDs are going to be valid. The Hungarian Chamber of Agriculture (NAK) informed that already 190,000 small-scale farmers had received their new,...
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Agricultural producer prices decreased by 5.2 percent
Date: 2017-01-16 11:34:09
Agricultural producer prices fell 5.2 percent in October, compared to the same period of the previous year. The decrease consists of the 9.7 percent price decrease of the crops and...
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FM: the winter seasonal food chain control was concluded successfully
Date: 2017-01-16 11:25:27
The results of the winter seasonal food chain control improved significantly last year, compared to the previous years – the Ministry of Agriculture (FM) told MTI on Monday. According to...
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Hungary’s pig exports declined
Date: 2017-01-16 11:20:17
Hungary’s exports of live pigs decreased by 7 percent in the first nine months of 2016, compared to the year before. The main partners were Romania, Austria, Slovakia and Serbia....
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Decline in agricultural producer prices
Date: 2017-01-16 11:19:14
Agricultural producer prices decreased by 5.5 percent last November, compared with a year before, as the prices of crop products decreased by 11.4 percent and the price of live animals...
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FAO’s food basket in negative territory
Date: 2017-01-16 11:18:19
The FAO Food Price Index (FFPI) averaged almost 171.9 points in December 2016, unchanged from November with strong gains in the prices of vegetable oils and dairy largely offsetting a...
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Poultry Product Council: duck and goose meat lack can come to an end only gradually
Date: 2017-01-16 11:15:13
The lack of duck and goose meat can come to an end only gradually after the end of the bird flu outbreak – the CEO of the Poultry Product Council...
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Analysts: this year’s expected inflation rate exceeds 2 percent
Date: 2017-01-16 11:15:01
Macroeconomic analysts who responded to the Central Statistical Office’s (KSH) fresh data told MTI that they expect more than 2 percent inflation this year. According to the report, consumer prices...
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Peanuts can be grown economically in Hungary
Date: 2017-01-16 11:14:23
Peanuts can be grown economically in Hungary ¬ the Agrársszektor agricultural trade portal states. At the beginning of the last century peanuts were added to the Hungarian agricultural flora, but...
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NGM: 30 thousand credit card acceptance terminals will be built by the enterprises from government support
Date: 2017-01-16 11:13:34
This year, the number of debit card terminals will increase by 30 percent, due to the support program initiated by the Ministry of National Economy (NGM) – the ministry told...
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Mandatory nitrate reporting
Date: 2017-01-16 11:00:54
Those farmers who live in nitrate polluted areas have to report detailed action program rules for the protection of waters against nitrate pollution between 1 January and 31 March. The...
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A growth in the euro zone’s merchandise trade surplus
Date: 2017-01-16 11:00:38
The European Union’s statistical office, Eurostat calculated that in November 2016, the exports of goods of the euro zone to the rest of the world increased by 6 percent to...
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Serbian agricultural subsidies to expand
Date: 2017-01-16 11:00:04
The Serbian government plans to spend 43.78 billion dinars instead of last year’s nearly 40 billion dinars. (1 dinar = 2,48 HUF) This is 8.11 percent of the budget- the...
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Interpack is a huge success
Date: 2017-01-16 10:41:22
Markus Kosak, Exhibition Director of drink technology India, is pleased about the event’s success: “These results take this event to an entirely new level. dti has developed into the number...
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The EU is acting against the sales of dangerous products
Date: 2017-01-15 11:19:52
The European Commission has tabled two legislative proposals to help businesses, and SMEs in particular, to sell their products within the European Union and to strengthen the controls of the...
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The food VAT cut is part of a process
Date: 2017-01-13 11:45:35
The food VAT cut is part of a process that – depending on the performance of the economy – can continue in the future – Nagy István, the Minister of...
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Nutritional database on the Web
Date: 2017-01-13 11:41:16
The nutritional database of distributed food products is not only available to professionals on the Ministry of Agriculture’s website, but it is available for the public. An important element of...
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KSH: consumer prices increased by 0.4 percent last year
Date: 2017-01-13 11:40:10
Consumer prices rose by an average 0.4 percent in 2016, compared to the previous year and in December were an average 1.8 percent higher than a year ago – the...
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Ipsos: the volume of domestic online purchases may expand by ten percent
Date: 2017-01-13 11:30:05
In Hungary, the volume of online spending will increase by 10 percent in 2017, while the value of orders from foreign webshops is expected to increase by 19 percent –...
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The EU sold 76 percent more pork to China
Date: 2017-01-13 11:25:03
According to the data of the European Commission, the European Union sold 26 percent more pork in the international market in the first ten months of 2016, compared to a...
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