Market News

Nagy István: to maintain the EU agricultural budget a joint action by the region is needed

The EU agricultural budget for the next seven years should not be reduced, even by increasing the contribution of individual countries, Nagy István, Minister of Agriculture said on Friday in...

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The prosecutor’s office found an infringement at every checked webshop

In order to protect the rights of consumers, the prosecutor’s office examined the terms and conditions of sixteen webshops and found an illegal clause in each of them Szabó Ferenc,...

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A conciliation body is needed to make businesses ready for consumer protection

The experience of the first half of the year shows that it is necessary to prepare businesses for consumer protection in the 21st century – the Budapest Conciliation Body (BBT)...

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The National Soil Center has started

Another strong bastion was created with the launch of the National Soil Center (NFK), which serves the competitiveness of Hungarian agriculture and the transparency of the related activities – Nagy...

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Retail sales in the euro area were weaker than expected

Retail sales in the euro area were weaker than expected in May. In a monthly comparison, decline occurs for the second consecutive month in the volume of traffic as a...

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GKI: Business expectations fell sharply in June

After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations...

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The future of fuel cards

At the end of May Shell held their ‘Make the Future Live’ event: a 4-day festival in London’s Queen Elizabeth Olympic Park, where the focus was on innovative ideas. The...

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Campaign to encourage sour cherry consumption

Hungary is a great power in the production of sour cherries, but the consumption of the extremely healthy fruit is low. The Ministry of Agriculture (AM) and the Agricultural Marketing...

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KKM: The Ministry of Agriculture of Japan has been discussing on Hungarian pig meat exports in Budapest

The Director of the Food Safety and Consumer Protection Office of the Japanese Ministry of Agriculture discussed the delivery possibilities of Hungarian pork in Japan – the Ministry of Foreign...

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Nébih: an average Hungarian throws out six kilos of vegetables and fruits a year

An average of six kilograms of vegetables and fruits are thrown out annually by an average Hungarian – the head of the Department of Plant, Soil and Agri-Environment Protection of...

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Chamber of Agriculture: So far six thousand students participated in the From Home To Home campaign

Interactive lectures were held for six thousand primary and secondary school students so far, within the From Home To Home Campaign – the Zala County President of the National Agricultural...

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It is possible to breed cattle that emit less methane

It is possible to reduce the methane emissions of cattle according to scientists. The genetics of cattle have a strong effect on the composition of microorganisms in the rumen of...

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This year’s development budget for the farm development program doubles, compared to last year

The proportion within the total amount of the farm development program have been set so that the people living on the farms can get more resources than the local governments,...

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FAO Food Price Index steady in June

Global food prices declined marginally in June, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close...

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Customised glasses – made using 3D printing

Hoya and Materialise developed Yuniku, the world’s first 3D-tailored eyewear. The technology works as follows: the human face is scanned and based on this the perfect frame is designed and...

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Online shops to pay bigger fines

Ákos Kara, secretary of state responsible for infocommunication and consumer protection informed that the name of online shops that don’t comply with the regulations will be registered in an online...

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Mobile app for unexpected raids by the authorities

A new application helps companies to prepare for raids by the authorities. Developed by law firm Baker McKenzie, free app ‘Dawn Raid’ provides clients experiencing a raid with real-time step-by-step...

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Magazine: A terribly good season for insecticide and insect repellent makers

Combined sales of insecticides and insect repellents amounted to more than HUF 5.68 billion in 2018 – reported Nielsen. In comparison with 2017, sales skyrocketed, having grown by 37 percent....

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KSH: retail sales increased by three percent

According to the raw data, retail turnover in May increased by 3.0 percent and calendar effect adjusted it was 2.6 percent higher than in May 2018, according to the Central...

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The analysts of Takarékbank raised the forecast for this year’s GDP growth from 4.4 percent to 4.7 percent

Suppan Gergely, chief analyst of Takarékbank said at a press conference in Budapest on Thursday that the analysts of Takarékbank raised their forecasts for this year’s growth from 4.4 percent...

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Budapest Bank: nearly third of the domestic SMEs plans to invest this year

The majority of SMEs expect growth in both revenue and profit this year – according to Budapest Bank’s survey conducted among 300 CEOs. Investments are planned by nearly one third...

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NAK: a critical agreement was reached for EU agriculture

After two decades of negotiations, the European Union and the Mercosur countries have decided on a comprehensive trade agreement that will create the world’s largest free trade area. The National...

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Plastic-free July has started

The Plastic-free July has begun, the aim of the initiative is to eliminate the use of disposable plastics – was said on M1 news channel and Kossuth Radio on Thursday....

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Retail sales grew 7.2 percent in Romania, in the first five months of this year

In Romania, according to raw data, the volume of retail sales increased by 7.2 percent in the first five months of this year, compared to the same period of last...

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The first meat from whaling was expensive in Japan

The first meat from commercial whaling that was refurbished after thirty years was sold at a very high price at an auction in Japan. Fifteen thousand yen (40 thousand forints)...

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The EP adopted stricter consumer protection rules

At the plenary session of the European Parliament in Strasbourg, more stringent consumer protection rules were adopted for online purchases. According to surveys, more than one third of the sites...

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Magazine: Experiences motivate shoppers

In connection with the ‘Most successful promotion of the year’ competition, Kantar-Hoffmann conducted a qualitative consumer survey with 4 focus groups that consisted of 23-35 and 36-55 year old Budapest...

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Nébih launched a campaign against the waste of vegetables and fruits

The National Food Chain Safety Agency (Nébih) launched an awareness campaign against the waste of vegetables and fruits – the authority told MTI on Wednesday. According to the latest research...

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Imports increased further

In April, the value of exports in euro rose by 3.8 percent and imports by 7.0 percent year-on-year, the trade balance surplus was 245 million euros, which is 238 million...

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Food Bank: We talk a lot about the harmful effects of food wastage on warming up

We know that if we look at the harmful effects of food waste and consider waste as a country, then America and China would be the third biggest polluter. That...

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