Market News
Agribusiness researcher: fertilizer sales declined
Fertilizer distributors sold 1.4 million tons of fertilizer directly to farmers in the first three quarters, which is 3.2 percent decline, compared to a year before. Fertilizer prices rose by...
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Eat less packaging!
We consume nearly half a kilogram of food contact materials in our lives – and we are not thinking about tissue napkins, but compounds that are dissolved in food from...
Read moreAlmost 212 billion HUF agricultural support advances were paid to farmers this fall
The advance payment period for this year’s agricultural subsidies is over, and between October 16 and November 30, 2019 the Hungarian Treasury has paid out nearly 212 billion HUF support...
Read moreThe decline in the number of bees causes sevetal billion forint damages to agriculture
The decline in the number of bees causes sevetal billion forint damages to agriculture due to the lack of pollination of plants – Haász Ferenc, chairman of the Göndöcs Benedek...
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NAK: significantly less damages occured thanks to the hail damage mitigation system
The hail damage mitigation system, which has been operating in Europe for two years and is unique in Europe, has resulted in significantly less damages – the president of the...
Read moreHundreds of domestic webshops can commit infringements
It is difficult for them to comply with the law, so hundreds of domestic online shops often risk million HUF worth fines – was said at the conference of EY....
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Asian capital is entering the Hungarian economy
A subsidiary of MFB Group, the MFB Invest Zrt. and the Chi Fu Investment Group, with significant investment and management experience in Asia, are establishing a common equity fund. The...
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Magazine: Traceability system for safer food products
The National Food Tracking Platform of the Ministry of Agriculture and GS1 Magyarország has been running very successfully for 4 years. GS1 Magyarország’s business development director Krisztina Vatai told: With...
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TM: the tested chocolate Santa Clauses complied with the standards
All 22 types of chocolate Santa Clauses meet the standards tested this year at the accredited Food and Chemical Laboratory of the Ministry of Innovation and Technology (ITM) – the...
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Christmas cakes – tradition or novelty
If we have a holiday where traditions and family traditions play an important role, then it’s Christmas. This is also true for decorations, visiting of relatives, festive menus and cakes....
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Agro-economic researcher: the agricultural machinery market continues to grow
Agricultural machinery market in Hungary continues to expand: Private holdings and joint ventures bought new machinery worth about 134 billion HUF in the first three quarters, which is a 3...
Read moreKSH: exports grew even more than the first estimate
Exports grew even more than the first estimate. The euro-denominated value of exports increased by 11.7 percent and imports by 7.7 percent in the ninth month of the year –...
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MLBKT: Purchasing Manager Index rose in November
The seasonally adjusted Purchasing Manager Index (PMI) for November was 53.0 points, after October’s 52.0 points. Respondents reported overall more favorable processes than last month, the Hungarian Logistics, Purchasing and...
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Magazine: Student Design: A display design contest
POPAI Hungary Association, with support from Zewa and SPAR, organises the first POPAI Student Design Awards. The task for university students is to design innovative displays based on a given...
Read moreHungarians consume more and more pork
While in 2015 an average Hungarian consumed 25.3 kilogrammes of pork, by 2019 the figure was 29 kilogrammes. Consumers are increasingly aware of the need for high-quality domestic products and...
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KSH: double-digit increase in earnings in September
In September, average gross earnings increased by 11.8 percent, compared to the previous year and amounted to 360,700 HUF. The average net income without allowances was 239,900 HUF, including the...
Read moreAM: the tools of the Common Agricultural Policy needs to be used to strengthen the competitiveness of agricultural businesses
Strengthening the competitiveness of agricultural enterprises is one of the most important goals of Hungary’s agricultural policy, as its success plays a key role in increasing income-generating capacity – the...
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What will be on the Christmas tree?
As many houses as there are so many kinds of Christmas trees, we can say that most families have such unique and emotionally important decorations that they adhere to and...
Read moreGKI Digital – Árukereső.hu Hungarian e-commerce freely interprets Black Friday
In 2019, Hungarian web stores did not wait for the official daze of Black Friday (29 November) and shoppers also did not wait for promotions specifically related to this event,...
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ITM Hungary is in the top five at the European Waste Reduction Week
This year the European Waste Reduction Week ended with more than 16,000 actions in 30 countries. Hungary joined the initiative with 410 outlining ideas, leading it to fifth place, ahead...
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Euro area inflation rose in November
In November, the annual rate of increase in consumer prices in the euro area was higher than in the previous month, mainly due to higher prices of food and consumer...
Read moreNébih: labeling errors were found in case of six capsule coffees
The National Food Chain Safety Authority (NABIH) investigated espresso capsule coffees in its latest Supermenta test. Proceedings were launched against 6 out of 24 samples. Fines were initiaded in a...
Read moreKSH: increased its investments by 14.8 percent in the third quarter
The volume of investments increased by 14.8 percent in the third quarter, compared to the high base (21.6 percent) of the same period of last year. Investments increased 18.0 percent...
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HEPA’s Western Balkans regional office in Belgrade was opened
Serbian-Hungarian trade relations have been exceptionally good in recent years, and significant progress has also been made in terms of investments recently, and further common successes are expected in the...
Read moreUS economy grew faster than expected
The annual growth rate of the US economy accelerated in the third quarter of this year from the second quarter, expanding at a faster pace than the first estimate released...
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Magazine: More than just a box
Shelf-ready packaging solutions are much more than a box with products inside. Their value is growing and they have more and more functions. We learned from Árpád Keskeny Jr, the...
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MAHAL: fish sellers are ready for the festive demand
Fish sellers are already waiting the customers with a Christmas offer, and during the year they could meet much higher demand than usual, a spokesman for the Hungarian Aquaculture and...
Read moreCIB: Hungarian economy’s growth is expected to decline to 3-3.5 percent next year
The growth rate of the Hungarian economy will be 4.8 percent this year, but next year it may fall to 3-3.5 percent, which, however, still remains one of the highest...
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