Market News
MNB: prices in January increased mainly due to higher food prices
Inflation rose by 0.5 percentage point month-on-month in January, mainly due to an increase in the price index for food, and to a lesser extent for industrial goods and market...
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AM: The foundations of modern grape and wine production have been established
Thanks to the efforts of the last 12 years, the foundations of the 21st century grape and wine production have been established in Hungary, said the State Secretary of the...
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The food industry consultation was successfully concluded
The traditional start-up meeting between the Ministry of Agriculture (AM) and food industry organizations has been successfully concluded, the Ministry of Agriculture told MTI on Friday. According to the information,...
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The National Chamber of Agriculture is launching a training for cheese judges
The National Chamber of Agriculture (NAK), with the support of the Dairy Interprofessional Organization and Product Council, is organizing a cost-effective cheese judge training organized by the Hungarian Cheese Makers’...
Read moreThe value of corporate acquisitions in Hungary increased by half last year
The total value of corporate mergers and acquisitions (M&A) in Hungary last year was 1.67 billion USD (520.8 billion HUF), which was almost 50 percent higher than in 2020, said...
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The EU has approved the use of domestical crickets as food
The European Commission has authorized the marketing of domestical crickets (Acheta domesticus) as a novel food or food ingredient in the European Union, the EU committee announced on Friday. The...
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The price crash persists: will the wave of bankruptcies come alongside cheap gasoline?
The freeze on fuel prices lasted until 15 February, and in his speech today Prime Minister Viktor Orbán announced that this will be extended by 3 months. What does the...
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Stereotypes keep women out of science.
February 11th is World Women and Girls in Science Day, which since 2015 has been dedicated to raising awareness of the important role of women in research, engineering and IT...
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Inflationary disaster looms: Price increase could bring Hungary’s economic growth to the ground
While economic growth is expected to pick up again after the winter slowdown, further rises in energy prices are causing higher inflationary pressures and dampening economic growth, the European Commission...
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(HU) Folyamatosan bővül hazánk mezőgazdasági fóliahulladék gyűjtő rendszere
By collecting and utilizing agricultural film waste, we can significantly reduce the environmental impact and contribute to the preservation of our created world, Minister of Agriculture István Nagy declared on...
Read moreHungarian beekeepers get great help
The Ministry of Agriculture has always placed great emphasis on helping Hungarian beekeepers, as without a strong beekeeping sector, there is no strong agriculture, Minister of Agriculture István Nagy said...
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Inflation will not slow down in the near future
Inflation is not slowing down, the Central Statistical Office recorded a record increase of 7.9% in January. This is half a percentage point more than the peak in November-December last...
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Preliminary GDP figures for the last quarter of last year are released
The first estimate of gross domestic product (GDP) in Q4 2021 can be counted on special attention in next week’s statistical information calendar, and the Central Statistical Office (KSH) publishes...
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AM: No intermediary is required for access to animal welfare subsidies
There is no need for an intermediary or third party to apply for poultry animal welfare subsidies, the Ministry of Agriculture (AM) said in a statement sent to MTI on...
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83 percent of employees are committed toward the Best Workplace award winner companies
In Hungary, 61 percent of employees are committed to their employer, and in case of companies that have won the Best Workplace Award it is 83 percent, according to research...
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Ministry of Agriculture has completed the legal background for drone spraying
By amending the legislation on aerial spraying, the Ministry of Agriculture (AM), in cooperation with the Ministry of Innovation and Technology (ITM), has created a legal environment for the application...
Read moreAccording to the European Commission, EU funding has reduced disparities between EU regions
EU funding is reducing disparities and territorial and social inequalities between EU regions, the European Commission said in its 8th Cohesion Report. According to a European Commission triennial report examining...
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These 5 trends are shaping the future of the manufacturing sector
A strange situation has arisen in the manufacturing industry due to the economic crisis caused by the coronavirus pandemic. While economic optimism has led to demand growth, which has already...
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LG and Userful’s software-based AV-over-IP solution for enterprise use
A software-controlled, end-to-end AV-over-IP solution has been created by LG Electronics’ European Business Solutions division and Canadian software company Userful. The solution combines Userful’s visual networking platform with LG’s webOS...
Read moreA campaign is launched to promote pork consumption
The Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the National Association of Mangalica Breeders are promoting the consumption of pork for the tenth time this year in...
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GVH: drugstores, retail chains and gas stations can also sell quick tests
The government has accepted the proposal of the Hungarian Competition Authority (GVH) to stimulate retail price competition for COVID-19 rapid tests, allowing the sale of antigen rapid tests for self-monitoring...
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Pigs are a key player in the survival
The Ministry of Agriculture, the Agricultural Marketing Centre and the National Association of Mangalica Breeders are promoting the consumption of pork for the tenth time this year in connection with...
Read moreUnemployment has fallen in OECD countries
Unemployment in the countries of the Organization for Economic Co-operation and Development (OECD) fell for the eighth consecutive month last December, falling to 5.4 percent from 5.5 percent in November....
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The government has allowed rapid tests to be sold in retail
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Read moreFarmers’ lives have become more expensive recently
Farmers’ lives have become very expensive in recent times, with prices for feed, energy, transport, pesticides and fertilisers skyrocketing. Sales of the latter more than doubled in the 10th and...
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ITM: the country’s most successful businesses will be recognized again this year
The call for the European Enterprise Development Award has been published, the national round of which can be submitted by the end of May this year, the Ministry of Innovation...
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Am State Secretary: the goal is to make the hungarian agricultural manufacturing industry world-class
The aim is to make the hungarian agricultural manufacturing industry world-class and to produce as many products as possible in Hungary that can be produced on domestic and international markets,...
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Mobile exchange program starts on Monday – these are the most important things to know
With a week to go, the targeted and large-scale mobile device replacement support programme announced by the National Media and Infocommunications Authority and the Ministry of Innovation last October will...
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Five areas where VR/AR could explode in the coming years
Over the past decade, many promising virtual and augmented reality (VR/AR) solutions have been created, but our daily lives have not been woven into technology. However, the pandemic has also...
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