Market News

Hungarian Chamber of Agriculture: the condition of sunflower crops is souring

According to the Crop Production Department of the Hungarian Chamber of Agriculture the hot and dry weather conditions deteriorated the status of the sunflower stock markedly in recent days, compared...

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Integrated wine information system to be launched

The first stage of the Integrated Information System of Vine and Wine (ISZBIR) is expected to be  launched in August – said Zarka Péter, Head of Department at the National...

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Almost one thousand people are working in the Food Avalanche program

Nearly one thousand people in need are working in the vegetable growing program of the  Hungarian Food Bank Association and the Syngenta Kft.. The Food Avalanche program was launched at...

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EU: Nearly one third of Internet users are concerned about online payments

Internet users are very concerned about the situation of cyber security: according to the latest Eurobarometer survey 89 percent of the respondents are refrain themselves to give their personal informations...

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50 sponsors support the Olympics with 270 billion HUF

Nielsen works in collaboration with The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) in the UK. Specifically, we provide research and insight services to the London...

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French poultry farmers are in trouble

In Hungary, the amount of purchased chicken increaesd by 13 percent, its liveweighted producer price of 256.74 HUF per kilo was 4.6 percent higher in the first twenty-five weeks of...

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Record amounts of beer and ice cream consumed

Record amounts of beer and ice cream consumed in stores nowadays. Manufacturers are trying to attract consumers with new flavors and packagings. The sales of cold drinks and ice cream...

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The promotion of the Hungarian melon continues this year

This year the promotion of the Hungarian watermelon will continue on the basis of the positive experiences of last year – said Budai Gyula, Secretary of State at the Ministry...

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The harvest is in full swing, the quality of the crop is mixed

The harvest is in full swing across the country, the winter wheat yields vary between 3.3 and 4.5 tons per hectare, and quality of the harvested grain is also mixed,...

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KSH: slight increase occurred in the euro value of exports and imports in May

In May, exports and imports calculated in the euro increased by almost the same extent, by 1.7, and 1.8 percent, compared to a year earlier – the Central Statistical Office...

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The licensing fee will be adopted to the quantity of the marketed wine

The Ministry of Rural Development (VM) significantly reduced the fee on wine marketing authorization and the related fees of analytical tests. With the forthcoming measure, which will come into force...

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Nielsen: the amount that Hungarians spend on home maintenance is an European record

The Hungarians spend the most part of their monthly budgets on housing-related services among the residents of twenty-eight European countries. While in Hungary, 36 percent of the average costs usually...

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Melon market participants consult in the ministry

Local watermelon producers and multinational chain of stores are consulting in the Rural Development Ministry (VM) on Friday, on creating balanced melon market conditions – informs Simonka György, President of...

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Kalocsai paprika powder under EU protection

The European Commission registered the “Kalocsai paprika powder” into the register of protected designations and protected geographical indications on July 3 – the Ministry of Rural Development (VM) told MTI...

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Low-quality food distributors may be sentenced to several years in prison

Those who will distribute low-quality, unhealthy or false food will risk even several years of  sentence from January 1 next year – when the new Criminal Code will enter into...

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The Hungarian Prison Service joins to the “Start” work model program

The Annamajori Kft., the Baracska-based farm of the Hungarian Prison Service delivers about 22 thousand chickens to forty municipalities nationwide from Friday. The Annamajori Kft., has joined to the “Start”...

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The most ice cream in Italy is consumed in Rome

Rome leads the list of Italian cities of artisan ice cream consumption with an annual 19 kilograms per person. In Rome an annual six or seven kilograms ice cream is...

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The genome of melon was decoded by Spaniards

In the scope of the cooperation of nine Spanish research centers the complete description of melon’s genome is ready. Seven melon versions were introduced to the genetic analysis, the researchers...

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Bike mall to be built in Csepel

Indotek Group will start the construction of the on ten thousand square meters Pedál Market for byciclists in the beginning of 2013 on the area of the former Csepel Metal...

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Workplace Protecting Plan – positive impact is expected in trade

According to experts, the costs of wages are the biggest in trade, so the Prime Minister's package of measures announced on Monday can be beneficial. Prime Minister Orbán Viktor announced...

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OTP launches a one hundred billion HUF investment loan program

OTP Bank launches a one hundred billion HUF investment loan application its corporate clients. One priority of the program is to finance manufacturing, agricultural and food investments, that are planned...

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Policy Agenda: improving SME sector expectations

The expectations of the Hungarian small and medium-sized enterprise sector continued to improve in the second quarter, however the leaders of the companies still not expect a significant change in...

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Ten percent of the wheat was already harvested in Vas county

On the 40 thousand hectare wheat field, 10 percent of the crop was already harvested in Vas county. Experience has shown that there will be no problems with the amount...

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Annually 200 million Chinese get sick from contaminated food

The Chinese leadership promises to improve food security –the Renmin Ribao central party newspaper wrote on Wednesday. The government has promised the introduction of a more effective regulatory system and...

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Tokaji wineries were debuted in Russia

Eight Tokaji wineries were presented themselves in Moscow on Thursday. The audience of the event was mainly consisted of Moscow-based Russian wholesale chains, and the largest buyers, but many representatives...

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Retail sales of the EU and the euro area increased in May

In May, retail sales increased in both in the 17-member euro zone and in the 27-member EU – the European Union's statistical office the Eurostat announced on Wednesday. In May,...

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Corn prices increase in the heat

Due to the hot days, maize and sunflower have significantly deteriorated in recent days. The assessment of damages has already started. The great drought and the almost African heat destroyed...

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Sommelier as the hero of a comic

The first wine manga, entitled “Tears of the Gods” was created by Shin and Yuko Kibayashi – informs the Borkultusz. Its main character, Shizuku Kanzaki is a sommelier, who has...

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The world's most expensive peaches were stolen in China

Three men stole invaluable peaches from a state research farm in China. Scientists have worked for 13 years, crossing different varieties to refine the perfect peach. Three villagers – presumably...

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Global retail chains are expanding in the largest developing countries

The largest developing countries, especially the BRIC group (Brazil, Russia, India and China) remain the most attractive expanding destinations for the global retail networks, while Hungary is not among the...

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