Market News
Nébih: ruminants cannot be transported to Turkey without air conditioning
The Ministry of Agriculture (AM) banned the transportation of animals in vehicles without air conditioning because of the heat. The ban mainly concerns ruminant shipments to Turkey – Pallós László,...
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The economic climate in the euro area deteriorated in June
The economic climate in the euro area deteriorated to a greater extent than expected, to almost three years low in June, with a sharp decline for the largest economies, such...
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Working toward zero
Our long-term vision is to one day report we have no manufacturing waste going to landfill. We have come a long way in a short time and are innovating to...
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Magazine: More than just flour and eggs
Pasta is popular because it is simple and many types of dish can be made from it. Recently the price of eggs and flour have increased, plus labour and logistics...
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FruitVeB: up to 10-15 percent less watermelon may grown this year
The President of the FruitVeB Hungarian Vegetable and Fruit Intergovernmental Organization and Product Board expects 10-15 percent less, 160-180 thousand tons of watermelon production. Ledó Ferenc told MTI that due...
Read moreAM: the agri-food industry is one of Hungary’s major economic potential
The foreign trade of agricultural and food products contributes greatly to the positive balance of the national economy from year to year, therefore its macroeconomic importance is decisive – Nagy...
Read moreAM: beekeepers can claim income replacement support
Agrarians have developed a new support scheme for beekeepers to make beekeeping more competitive and to maintain the health status of the bee population – the Ministry of Agriculture (AM)...
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Nearly half of the Hungarians pay with cash by routine, according to a research
Nearly half of the Hungarians pay with cash by routine, while most households have credit cards and are familiar with credit card payments – according to a national, representative survey...
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Cheese judges will help cheese makers and restaurants
The Dunaharaszti facility of the National Chamber of Agricultural Economics has hosted the first organized cheese judging course. It was supported by the National Chamber of Agricultural Economics and the...
Read moreHungarian companies are optimistic about the expected economic development
Hungarian companies are more optimistic than the European average about the expected development of the economy. Almost a third of them do not expect recession in the foreseeable future, while...
Read moreThe American consumer sentiment deteriorated in June
The US consumer sentiment decreased strongly in June to a 21-month low, according to a regular monthly survey by the Conference Board’s Nonprofit Economic Research Institute. The consumer sentiment index...
Read moreCoffee can be the key to fighting obesity
Scientists at the University of Nottingham have discovered that coffee can stimulate brown fat tissue that plays a role in energy burning, which can be key in fighting against obesity...
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Atradius: Trade war risks grinding global trade growth to a halt
World trade growth stagnated in Q1 amid the escalating trade war. While we expect some recovery in 2019, further escalation of the trade war could grind growth to a halt....
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Magazine: Let’s fill the tank and hit the road!
Services such as 24-hour assistance and a designated contact person are provided by basically all fleet selling and leasing companies. There are also many other services available to make the...
Read moreNielsen: fifteen out of one hundred Hungarians are brand-loyal
In contrast to the 8 percent world average, Hungarians are twice as brand-loyal: 15 percent of them insist on the usual products. At the same time, more than a quarter...
Read moreEuropean Commission: no evidence of East-West dual food quality
A study comparing the ingredients of food products across the European Union on found that there was no evidence that citizens in eastern EU member states are being sold products...
Read moreNagy István: the National Center for Agricultural Research and Innovation is strengthening with the integration of the Agricultural Research Institute
The National Agricultural Research Innovation Center (NAIK) is strengthening with the integration of the Agricultural Economics Research Institute (AKI) and thus becomes more capable of increasing the competitiveness of the...
Read moreHungarian cherries are promoted around the Lake Balaton and in Bács-Kiskun county
For the promotion of the Hungarian sour cherry, the Fruitmarketing Kft. is making a free tasting action that takes place from Tuesday to Thursday on the southern shores of Lake...
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The domestic large corporate sector has a stable outlook
Cautious optimism and stability characterize the outlook of the domestic large companies this year – according to K & H’s first quarter growth index. The indicator of one-year expectations of...
Read moreKSH: revenues in the infocommunication sector increased by 7.8 percent in the first quarter
Companies in the information and communication sector generated sales of 776 billion HUF in the first quarter of this year, 7.8 percent more, compared to the previous year – according...
Read moreDeloitte: the corporate acquisition market has fallen in the region, and stagnated in Hungary last year
In contrast to global developments, the number of acquisitions in Eastern and Central Europe declined in 2018, so the stagnation in the Hungarian market is a positive result in a...
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Magazine: Shoppers don’t economise on the health and comfort of babies
Izabella Kowalska, junior category manager of Essity Hungary Kft. told our magazine that both value and volume sales had increased in the baby wipe market. Her experience is that among...
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Morocco will be the partner country at the 79th OMÉK
There will be a trade day, a product innovation contest and the partner country will be Morocco at the 79th National Agriculture and Food Exhibition (OMÉK), which will take place...
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‘Operational excellence, great to work with and great to work for’
VPK Packaging Group is one of the biggest packaging manufacturers in the world, with 65 factories in 20 countries and its headquarters in Belgium. VPK Packaging Salonta is a member of...
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Food price index remains unchanged
The Food and Agriculture Organisation (FAO) of the United Nations has reported that in June the price index of the most important produce sold in international trade was 0.3 percent...
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A large quantity of wine was produced last year
According to French market analyst Tallage, this summer farmers will harvest 143 million tons of wheat in the EU. As for corn, the yield is expected to be around 63.4...
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Record speed in the first quarter
In the first quarter of 2019 the Hungarian economy defied expectations and didn’t slow down; on the contrary, it accelerated to reach a record speed. Thanks to this, GKI modified...
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Above-average food price increase in May
Consumer prices were 3.9 percent higher in May 2019 than in May 2018. Food prices jumped 5.6 percent. Seasonal product prices (potatoes, fresh fruits and vegetables) grew by 15.2 percent....
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April produced an 8.5-percent growth in retail sales
In April 2019 like-for-like retail volume sales grew by 8.5 percent; adjusted for calendar effects, the sales growth was 7.1 percent – reported the Central Statistical Office (KSH). Food and...
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