Market News
More and more people are cooking pálinka at home
Hundreds of people bought the equipment needed for making home-made pálinka last year, so nearly 24,000 cauldrons have been registered by local authorities in recent years – Magyar Idők wrote....
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Cash-saving program to be started at fifteen schools
With the involvement of fifteen educational institutions, a cash-saving school program will start for students and parents in the semester that is just starting – the Director of Education at...
Read moreGfK’s German consumer sentiment index has improved
Instead of the expected decline, the consumer sentiment index of GfK’s Nürnberg Institute for Economic Research improved in February in Germany, while consumer expectations and willingness to buy increased again,...
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A few pieces of stinking fruit were sold at an amazing price
Some special pieces of the Southeast Asian fruit, the Durian are sold in a hypermarket in an Indonesian city for gold prices. For a single piece, 14 million rupees, 1343...
Read moreUS employment data is over expectations
In contrast to the expected 178,000 people, 213,000 new jobs were created in the US private sector in January – portfolio.hu wrote afrter ADP. In addition to the better-than-expected developments,...
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Magazine: Vegetables perform better than fruits
Vegetables are grown on 83,000-85,000 hectares of land in Hungary, annual production is around 1,900-2,000 thousand tons and this represents a value of HUF 185-190 billion. According to Ferenc Ledó,...
Read moreAM: Hungary is opposed to make wine of inferior quality grape varieties
The European Commission would authorize wine production from decades forbidden vines, but Hungary opposes the proposal; a further 12 EU member states supported the Hungarian initiative to maintain the ban...
Read moreNagy István: reduction in rural development funds is unacceptable
The European Commission’s proposal to reduce Hungary’s rural development resources after 2021 by more than 26 percent is unacceptable – Nagy István, Minister of Agriculture said at the Agriculture and...
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The cultivation of GMO-free protein crop should be promoted due to the reduction of EU soy import dependency
The cultivation of GMO-free protein crop should be promoted due to the reduction of EU soy import dependency Hungary continues to be committed to genetically modified food (GMO) -free food...
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Nébih: the second installment of the food chain supervision fee should be paid by 31 January
The second installment of the 2018 food chain supervision fee should be paid by 31 January – the National Food Chain Safety Agency (Nébih) draws attention. The Authority recalled in...
Read moreThey want to roast the perfect coffee in outer space
Anders Cavallini and Hatem Alkhafaji, two entrepreneurs want to use rocket technology to roast the coffee. They plan to launch their coffee roasting capsules next year to space. The capsule...
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The EC has authorized the use of American soybeans as biofuels
The European Commission has authorized the use of American soybeans as biofuels on Tuesday, which will certainly increase the volume of imports from the United States. Authorization was granted until...
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The product board would help the consumption of poultry meat with a marketing campaign
Hungary’s poultry exports increased by twenty percent, compared to last year’s same period – Magyar Hírlap wrote. Csorbai Attila, Director of the Poultry Product Council, said that it would also...
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Large companies start the year with confidence
Companies are optimistic about 2019 – this is shown by the K&H corporate growth index, which has broken the downward trend of the past year and is now standing at...
Read morePork export can be restarted to Singapore
Due to African swine fever cases, the full delivery was interrupted, but thanks to the new agreement, only infected areas are now banned – mfor.hu wrote. Thanks to an agreement...
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The Hungarian Post handled a record number of packages
Last year, Magyar Posta handled over 41 million packages, of which 30 percent in the fourth quarter. Since the commitments made before the holidays were fulfilled, the number of complaints...
Read moreUncertainty on the cereal market
The price of vegetable oils and milk fats decreased in the past two to three months, while grain prices are stagnant, after last year’s growth, and the price depends on...
Read moreThe key to Hungarian competitiveness is better innovation performance
The key to Hungarian competitiveness is better innovation performance – Palkovics László, Minister of Innovation and Technology said in Budapest. At the signing of the strategic cooperation between Magyar Telekom...
Read moreRetail alliance: Brexit without agreement may cause food shortages and price increases
The British Retail Federation (BRC) said it could lead to food shortages and price increases if Britain would exit the European Union without agreement. In a Monday letter from the...
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Russia’s caviar production increased with seventy percent
Russia has increased its red and black caviar production last year – mfor.hu wrote. According to the Russian statistical office, in 2018, 22.2 thousand tons of red salmon caviars were...
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With more fruit and less sugar!
In 2018 sales of various drinks containing fruit juice represented 11 percent of total non-alcoholic drink sales – 280 million litres in volume. More than 5 percent of this were...
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Y generation to outnumber X soon
A huge change to come in the labor market within a couple of years: the X-generation workers currently represent the largest proportion on the labor market, but after 2025, their...
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Magazine: Germany: Will wholesale be Amazon’s next victim?
In Germany Amazon is intensifying its efforts in the B2B channel by courting wholesalers for cooperations. The wholesale sector is experiencing consolidation and Amazon’s move can speed this up; offering...
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The net surplus of EU funds to Hungary exceeds 11 thousand billion forints
Since joining the EU, Hungary has received more than 11,000 billion forints as EU support by 2017, as it has paid into the community – the head of the European...
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You can still apply for the “Consumer Protection Expert of the Year 2018” award
One week and the deadline for submitting “Consumer Protection Expert of the Year 2018” award applications will be completed. For the purpose of recognizing the work of thousands of consumer...
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Bónusz Brigád reached record turnover at Christmas
Bónusz Brigád, the largest Hungarian bonus-coupon site, has outperformed all expectations during last year’s Christmas period. In December, with a 50 million HUF rise its turnover reached a total of...
Read moreFitch: the growth of the Central and Eastern European EU economies is slowing down
The cyclical growth of the Central and Eastern European EU economies is likely to have peaked last year, but will remain relatively robust over the next two years, with exceeding...
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Common Agricultural Policy resources must also be kept at their current level during the upcoming EU multiannual financial framework
At the high-level Brussels conference on the European Union budget for the 2021-2027 period, held with the participation of the European Commission’s Vice-President and Commissioner for Budget, Minister of State...
Read moreThe number of workplace accidents continued to decline in agriculture
The employers in agriculture reported 837 accidents at work in 2016 and 654 in 2017, and according to the preliminary data, the number of work accidents continued to decrease last...
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ITM Minister of State: 119,000 applications were received for household appliance replacement
The home warmth household appliance replacement program has received 119,000 applications, of which 40,000 have been criticized and all have received support – Weingartner Balázs, Minister of State of the...
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