Market News
Drought can cause hundreds of billions of losses to Hungarian farmers
Drought can cause hundreds of billions of loss of income for Hungarian farmers – the head of the National Agricultural Chamber (NAK) told M1 news channel. In the past one...
Read morePálinka cooking can be tax-free again
In May, a decision could be made in the European Union on the initiative on the exemption of home-made pálinka – Magyar Nemzet Online wrote. – The suggestion is also...
Read more
European Parliament: quality and accessibility of tap water needs to improved
The quality of tap water needs to be improved and universal accessibility must be created, which would greatly help to reduce the amount of plastic waste – the European Parliament...
Read more
Soybean VAT frauders were caught by NAV
The National Tax and Customs Office (NAV) explored three criminal organizations recently in the soybean market. The soybean market is heavily infected with VAT frauds. The criminal organizations that were...
Read moreVártnál kedvezőbb februári német kiskereskedelmi adatok
A februári német kiskereskedelmi forgalom növekedése éves szinten gyorsult, havi összevetésben lassult. A német szövetségi statisztikai hivatal, a Destatis pénteken azt közölte, hogy februárban 4,7 százalékkal bővült a kiskereskedelmi forgalom...
Read more
An innovation forum with the latest food offering, its background and the people who create all of this
The 79th National Agriculture and Food Exhibition (OMÉK) will take place on 26-29 September. It will present the treasures and opportunities of the Hungarian countryside, which is rooted in traditions,...
Read more
Magazine: A new generation of foods and drinks: healthy and convenient products
According to Hamburg-based global market research and analytics company Statista, this year the average European consumer realises EUR 1,267.96 FMCG turnover, 2 percent more than last year. Jenny Zegler, associate...
Read moreKopint-Tárki expects four percent economic growth for 2019
Kopint-Tárki forecasts economic growth of 4 percent and inflation of 3 percent for 2019, according to the Institute’s first annual business report. After last year’s 4.9 percent GDP growth, the...
Read moreCereal growers: because of the drought, only one third of wheat and rape has become good quality
Due to drought, only one third of wheat and rapeseed became good quality, well below the average of 50-55 percent in the past five years – the president of the...
Read more
The EU’s school fruit, school vegetable and school milk program will continue next year
Thanks to the European Union’s 250 million euros (approximately 80 billion forints) program to promote healthy eating habits among children, schoolchildren will receive milk, fruit and vegetables in the next...
Read more
Nébih launches an online reality show for responsible animal husbandry
The National Food Chain Safety Agency (Nébih) is launching another innovative, online education project called “reality show”, which aims to draw attention to the importance of responsible animal husbandry. According...
Read more
KSH: employment has reached the EU target for 2020
Between the December 2018 to February 2019 three-month period, the average number of employees was 4 497 thousand, 56 thousand more than a year before. In the 20-64 age group,...
Read more
Magazine: Cleaning does pay off
In the cleaning supplies market sales of modern convenience products (e.g. toilet rim blocks, cleaning sprays, dishwasher tablets) are growing, plus the penetration of these products is also improving. ...
Read moreGKI expects a decline in growth from 2019
The GKI Economic Research Co. expects a 3.5 percent GDP growth for this year and a further decline in the long run. The GKI’s forecast released Wednesday announced an upward...
Read moreNearly half of the spring barley was sown in Zala County
Almost half of the spring barley, about 40 percent of wheat, was sown in Zala County: early seedlings were hatched and flocks are fine – the County President of the...
Read moreThe asparagus season has started in Csongrád county
The asparagus season started in Csongrád county near Öttömös on Wednesday, and the harvest of the vegetables is expected to take place in the next ten weeks. Kakas Béla (Fidesz-KDNP),...
Read more
Nébih found problems in porridges
Food safety and labeling errors were found in porridge by the National Food Chain Safety Authority (Nébih). Due to labeling problems, 14 out of 17 products were subject to official...
Read moreThe Hungarian-Philippine agricultural relations were extended by a cooperation agreement
A cooperation agreement was signed between Nagy István, Minister of Agriculture and Emmanuel Pinol, the Minister of Agriculture of the Philippines, following bilateral talks in Manila on Wednesday morning. The...
Read moreWhat about the leasing market in Hungary and abroad
The global leasing market has continued to grow. North America remains the strongest market, although its share of the global market fell by 3.1 percent, while in Europe grew by...
Read more
The Czech Republic abolishes the laboratory testing of Polish beef
The Czech Republic will cancel the strict control of Polish beef from midnight after Warsaw has given Prague assurances that it has taken appropriate measures to ensure the quality of...
Read moreConsumer sentiment deteriorated in Europe’s largest economy
The consumer sentiment weakened slightly in Germany, according to the consumer sentiment index published by the GfK Market Research Institute on Tuesday. The figure calculated on the basis of a...
Read more
How the transition will change global finance
Trillions of dollars of debt and derivatives products are likely to continue referencing IBOR after 2021, but IBORs and ARRs are different. The transition from IBORs to ARRs will impact...
Read more
Magazine: Value, product protection, communication
Philip Bittermann, editor-in-chief of German trade magazine Neue Verpackung, drew the conclusion after the first German packaging summit – which was held in Munich – that the influence of product...
Read more
The campaign to encourage mangalica consumption lasts until 18 April
For the first time this year, the campaign that promotes the consumption of mangalica meat with the title “Eat good – the mangalica meat is special” lasts until 18 Apri,...
Read more
The spring seasonal food chain control has begun
The spring seasonal food chain control has started – piacesprofit.hu wrote. The national action lasts until the end of the Easter holidays, ie until 22 April. The control series focuses...
Read more
More than 2.2 billion forints to develop the food market
Twenty settlements close to Budapest won more than 2.2 billion forints, mainly for the construction and development of the food market – Rákossy Balázs, Minister of State of the Ministry...
Read more
Nébih: there is no avian flu in Hungary
There is no avian flu in Hungary, but there is a sporadic outbreak of avian influenza in Europe – Vajda Lajos, Head of the Veterinary and Animal Protection Directorate of...
Read moreThe German economy was the weakest in March in the past six years
The performance of the German economy in March was the weakest in the past six years – according to preliminary data of the London-based IHS Markit Economic Research Institute. The...
Read more
Central and Eastern Europe will maintain a healthy growth pace in 2019
UniCredit presented its long term strategic perspectives on the region and on the key drivers for growth at a workshop hosted at the annual Euromoney CEE Forum in Vienna CEE...
Read more
Magazine: Fruits and vegetables: stronger role for hypermarkets, supermarkets and discounters
The typical Hungarian household buys vegetables 89 times a year, on average 1.2kg per occasion; families buy fruits 48 times a year, taking home 1.7kg at a time – revealed...
Read more