Market News
From September, we will be able to redeploy online consumer disputes
The Budapest Arbitration Board drew the attention of consumers and businesses in a public statement of public interest, to the fact that on the basis of the the 1997 CLV...
Read moreIt will be mandatory to use a security code for online purchases from autumn,, and customers need to take action as well
It will be mandatory to use a security code for online purchases from 14 September within the European Union, and customers must activate the services at a branch, online banking...
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Artificial tongue for recognizing counterfeit whiskey has been developed by Scottish researchers
An artificial “tongue” which can taste subtle differences between whiskies could help tackle the counterfeit alcohol trade, according to researchers. They have built a tiny taster which exploits the properties...
Read moreBeer making is the next in NAK’s professional program
The professional programs continues of the Food Industry Directorate of the National Chamber of Agriculture (NAK) continues with the “Let’s Learn Together” series in September with the topic of brewing...
Read moreRetail sales growth in the Czech Republic accelerated in June
In June, retail sales growth in the Czech Republic accelerated to 4.6 percent from the 2.7 percent of May – the Czech Bureau of Statistics announced in Prague on Wednesday....
Read moreDynamic wage growth in Romania
Romania’s average net wage in June was 15.5 percent higher than a year before – the Romanian National Institute of Statistics announced on Wednesday. The average net salary reached 3142...
Read moreThe EU sends 50 million euros to Africa to mitigate drought
The European Commission has decided to release 50 million euros in emergency humanitarian aid to alleviate food shortages and other supply problems caused by protracted drought in four countries in...
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More hens, less pigs
The number of pigs in Hungary decreased by about 20,000 compared to a year ago, and by nearly 32,000 compared to December last year. The number of hens increased by...
Read moreChina has stopped importing American agricultural products
China has stopped importing US agricultural products following US President Donald Trump’s unexpected order last week to impose additional duties on another Chinese products. Beijing decision-makers were unexpectedly surprised that...
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Most Europeans are optimistic about the situation in the EU
The population of the EU Member States has a much higher rate of positive EU membership in every area from the economy to the state of democracy than at any...
Read moreMore and more students are studying to be field engineers
The program aims to reduce the shortage of skilled field engineers is effective. More than ever students are studying to be field engineers – the National Association of Agricultural Machinery...
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Magazine: Small bites and big bites
Snacks constitute one of the fastest-developing segments in the food industry. The pace of life we live today is so fast that we have meals at different times than in...
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Nielsen: 184 million cans of coke is consumed every year
In excess of fifty billion forints, about 3 million hectoliters of cola was consumed in Hungary between July 2018 and June 2019, representing an increase of more than 10 percent...
Read moreAnalysts: retail sales growth remains decent
Rise in real wages will keep retail sales up, but the pace may decline as more income is spent on services, investments or savings – experts interviewed by MTI commented...
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Agricultural economist: 50 percent less apples have grown, compared to last year
Apple trees last year produced 900,000 tons of fruit in Hungary, and due to the weather, we can expect about half of this amount this year – agricultural economist Fórián...
Read moreBudapest Bank: agricultural businesses are characterized by positive expectations
Hungarian agricultural enterprises are characterized by a positive mood due to the relatively high level of investment and rising demand for agricultural products – according to the Budapest Bank’s Agri-Economic...
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More than 670 million HUF for the cultivation of vegetables
The consortium of the ZKI Vegetable Production Research Institute, the Flóratom Kft. and the Neumann János University won a non-refundable subsidy of 673 million HUF for the breeding of stress-tolerant...
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Nébih: all plant protection machinery must undergo technical inspection within three years
In the future, it will be mandatory to periodically review the technical condition of sprayers, with the aim of registering all the devices within three years – the National Food...
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The US would increase beef exports to the EU
US President Donald Trump signed an agreement on Friday in Washington with EU officials to increase US beef exports to the EU. The deal was signed at a ceremony in...
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Retail sales in the euro area were more favorable than expected
Retail trade growth in the euro area was much higher than expected in June, indicating that household consumption continues to support economic growth through declining export performance. The European Union...
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Poor BMI data from the euro area
The Eurozone economy’s weakest performance in three months is indicated by the July IHS Markit Purchasing Manager Index -that was released on Monday by the London IHS Markit Research Institute....
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Magazine: So many changes
2018 was a record year for Dachser SE: net sales were up considerably, but the number and volume of shipments also increased a lot. The company recruited more than 1,500 new...
Read moreKSH: retail sales increased by 5.2 percent in June
According to the raw data retail sales grew by 4.3 percent in June. The calendar effect adjusted growth became 5.2 percent year-on-year – the Central Statistical Office (KSH) announced on...
Read moreNebih has expanded the area infected with African swine fever
The area infected with African swine fever (ASP) has been expanded in Hungary, affecting wildlife management units in Borsod-Abaúj-Zemplén and Jász-Nagykun-Szolnok counties – the National Food Chain Safety Authority (Nebih)...
Read moreBudapest was ranked among the best beer cities
CNN ranked Budapest among the 15 best beer cities in the world – index wrote. The Hungarian capital was included among such legendary cities as Portland, Brussels, Tokyo and Berlin....
Read moreThe grain also serves a beneficial purpose
In 2018, more than 5,000 farmers donated in Csongrád County under the Bread of the Hungarians Program. A total of 9,000 kilogrammes of flour could be used for charitable purposes,...
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Economic growth slowed in the second quarter in the euro area and in the EU
Economic growth both in the European Union and in the euro area slowed down significantly in the second quarter. According to the first estimate released by the European Union Bureau...
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Another four calls for proposals have been launched in the Hungarian Village Program in a value of 16 billion forints
Another four calls for proposals have been published on kormany.hu in the Hungarian Village Program with a budget of 16 billion forints – government commissioner responsible for the development of...
Read moreRomanian retail sales increased by nearly seven percent
According to raw data, Romanian retail sales grew by 6.8 percent in the first half of this year, compared to the same period of last year – the Romanian National...
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