Market News
Packaging trends: With alternative solutions for the environment
Packaging is a very important thing in our lives. DS Smith offers sustainable packaging solutions to partners with which they can swiftly react to changing shopping habits, and at the...
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Magazine: Food waste conference report
On 11 September the Hungarian Association of Environmental Enterprises (KSZGYSZ)0 hosted a conference on food waste, with speakers from 10 different fields of the sector. The presentations had a connection...
Read moreKSH: production value increased by 3.1 percent this year
Due to a 0.7 percent drop in production volume and a 3.8 percent rise in producer prices, total agricultural output rose 3.1 percent this year, according to the first estimate...
Read moreThis year the premium rate of subsidized agricultural insurance increased by 16 percent
The volume of subsidized crop insurance premiums paid by farmers is expected to be close to 11.4 billion HUF this year, which is 16 percent higher than last year –...
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Minister of State launches campaign to encourage sheep, goat and dairy products
The government is launching a campaign to encourage sheep and goat meat and dairy products consumption to target products from the highly export-oriented sector to Hungarian consumers as well –...
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Intrum improved the solvency of the Hungarian population
The solvency index of the Hungarian population rose slightly again in the third quarter of this year, following a decline in the previous quarter – the Intrum Mortgage Management Company...
Read moreNext year, the irrigation system will be completely transformed
Parliament approved the Ministry of Agriculture’s bill on irrigated farming with 171 votes in favor and 17 against – origo wrote. Under the new legislation, which will come into force...
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NMHH: a package delivery rate comparison page helps consumers across Europe
A European portal comparing cross-border package delivery rates helps European consumers, and a link to the page is also available from the NMHH website, the National Media and Communications Authority...
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The partnership for the Tisza was successful
The PET Cup ended with the collection of 10,000 tons of waste at the Kisköre Barrage. The PET Cup was announced by the National Directorate General for Water and Coca-Cola...
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A new strategy has been developed for the development of the herbal industry
A new strategy for the development of the herb industry has been developed by the participants of the industry – the president of the herbal division of the National Chamber...
Read moreThe price of Chinese pork increased significantly
Pork prices in China jumped sharply in November, pushing inflation to an 8-year high – according to origo. African swine fever is putting the world’s second largest economy in an...
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Healthy foods – within an arm’s reach
The market of functional foods is growing in Hungary. Tamás Czepanecz, brand manager of Nestlé Hungária Kft. told us about the segment of cereal products that sales results were developing...
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Will the ‘green wave’ affect this year’s Christmas season?
NMS Hungary’s nationwide Hungarian panel study, done with 800 respondents, has been focusing on how Hungarian consumers intend to spend the Christmas period and whether the recently adopted environmentally conscious...
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Forecast for 2020
The growth rate of Hungary’s GDP accelerated to around 5 per cent in 2018 and 2019, one of the fastest in the EU. Thus, the Hungarian growth rate exceeded all...
Read moreKSH: prices increased by 3.4 percent in November
In November, consumer prices increased by 3.4 percent, compared to the previous year on average, down from 2.9 percent of a month before. Prices rose an average of 0.1 percent...
Read moreThe IMF has improved the growth forecast for the Hungarian economy further for this year and next
The IMF has further improved Hungary’s forecast for economic growth for this year and for the next year. The International Monetary Fund (IMF) increased it to 4.9 percent for 2019...
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ITM: Christmas checks serve the safety of consumers
The Christmas audits, which began in mid-November and end through December, affect consumers’ financial and product safety – Keszthelyi Nikoletta, Deputy Minister of protection of the Ministry of Innovation and...
Read moreWild boar carcass infected with African swine fever was found in Békés
An African swine fever (ASP) virus has been detected in a wild boar in the outskirts of the village of Biharugra, Békés County, by the Laboratory of the National Food...
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Over the course of two weekends, the NOE collected more than 11 tons of durable food
Eleven and a half tons of durable food was collected by the National Association of Large Families (NOE) nationwide on two November weekends, the organization’s president announced on Tuesday in...
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ZEW: Euro-area investor sentiment at a twenty-month highs
Instead of the expected decline, the Eurozone investor sentiment index of the ZEW Economic Research Institute in Mannheim rose significantly to its 20-month high in December. The mood index in...
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KSH: export surplus increased by 300 million euros in October
In October, exports grew by 6.7 percent in euro and imports by 3.6 percent year-on-year. The foreign trade surplus was 514 million euros, 300 million euros more than a year...
Read moreNébih has expanded its infected area due to swine fever
African swine fever (ASP) was confirmed by the laboratory of the National Food Chain Safety Authority (Nebih) in the immediate vicinity of the previously infected Pest County closed wildlife park....
Read moreThe University of Debrecen is researching the health effects of Mádi wine
The health effects of Mádi wine are being researched at the new laboratory research facility of the University of Debrecen. According to a statement of the university sent to MTI...
Read moreEuropean Court of Auditors: teh utilization of EU measures to stabilize agricultural income is low
The EU measures to stabilize farmers’ incomes have only partially achieved their objectives, with low and uneven utilization and some targeted measures may lead to disproportionate compensation payments – the...
Read moreGrowth in retail sales in the Czech Republic slowed down
In October, retail sales growth in the Czech Republic declined to 3.4 percent year-on-year. In September, the figure has already been revised to 7.1 percent -the Czech Statistical Office annunced...
Read moreChina is preparing to exempt certain US agricultural products from additional duties
China is preparing to exempt a certain amount of US soybeans and pork from surcharges imposed during the trade war between the two countries – the Xinhua State News Agency...
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The Sentix euro area investor sentiment index improved in December
Instead of the expected decline, the Sentix Economic Research Institute’s Eurozone Investor sentiment index picked up slightly. The Perception of prospects reached a two-and-a-half-year high. The cumulative index was 0.7...
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Global Report on Food Crises: acute hunger still affecting over 100 million people worldwide
A report presented today jointly by the European Union, the Food and Agriculture Organization of the United Nations (FAO), and the UN World Food Programme (WFP) finds that around 113...
Read moreÁSZ: a careful assessment is needed before the VAT reduction
The most recent analysis of the State Audit Office (ÁSZ) is about the impact of VAT reductions on the sustainable whitening process. The Central government’s tax revenues increased by about...
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Winter harvest at the Hortobágy Fish Farm
The winter fish harvest is nearing its end in the lakes of the Hortobágy Fish Farm, and most of the fish are already in the wintering pools – the CEO...
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