Market News
Australian farmers launched a campaign to protect the term milk
Australian farmers have launched a campaign to protect the term “milk”. In their opinion, plant-based products could no longer bear that name – origo wrote. Australian farmers are campaigning to...
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A quarter of the Earth’s population is facing critical water shortages
Seventeen countries, mostly in Africa and the Middle East, are already experiencing one of the most cruel symptoms of climate change, extreme water shortage – privatbankar.hu wrote. According to a...
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Shoppers want the personal contact
In May JLL published a study about the future of retail. From this we learned that 65.2 percent of ‘veteran’ consumers need a professional’s help when shopping, for Baby Boomers entertainment...
Read moreConsumer prices increased by 3.3 percent in July
In July, consumer prices were 3.3 percent higher on average year-on-year, and were 0.2 percent higher compared to June – according to the Central Statistical Office (KSH). Inflation declined further,...
Read moreThe first-half annual export surplus is 3.3 billion euros
In the first half of the year, the value of exports in euros increased by 3.2 percent and imports by 5.0 percent. The export trade surplus was 3,328 billion euros,...
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Nébih is satisfied with the mobile shops
The first phase of the summer seasonal food chain inspection has been completed, with experts withdrawing about 7 tons of food worth about 1.4 million HUF from the market. This...
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Seventy million forints worth fake branded clothes were seized on M5 motorway
In excess of seventy million forints, more than six thousand pieces of fake branded clothes were seized by a National Tax and Customs (NAV) employee on the M5 motorway from...
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Europe’s winemakers: climate change and adaptation
Climate change may increasingly force European wine producers to rethink their planting and farming practices so far, even for the sake of elementary survival – privatbankar.hu wrote. Planting of varieties...
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More and more young entrepreneurs in Hungary
Entrepreneurship is growing stronger and stronger worldwide and the Hungarians are also getting more optimistic. Four out of ten young people would start own company – Amway’s Global Entrepreneurship Report...
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Traffic increased in most of the web shops
Domestic retail sales are increasing further, and data shows that it is really worth launching an online store now – penzcentrum.hu wrote. 55 percent of domestic webshops reported about sales...
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Analysts: industrial production data indicate a slowdown in economic growth
Economic growth peaked in the first quarter and a slowdown in GDP growth started in the second quarter, according to analysts interviewed by MTI on the first estimate on industrial...
Read moreFrom 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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