Market News
Minister of Agriculture: the Hungarian aquaculture industry has a huge opportunity
The rules for the distribution of EU fisheries subsidies after 2020, adopted by the Agriculture and Fisheries Council, represent a huge opportunity for the Hungarian aquaculture industry – Nagy István,...
Read moreThe development of water management and agriculture must be coordinated
Water management and agriculture should be developed in harmony with each other – Feldman Zsolt, Minister of State of the Ministry of Agriculture (AM) said at a professional conference in...
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FruitVeB: lots of rain increase plant protection spendings
The weekend storm caused damages on a few thousand hectares in the orchards, but fortunately in the major vegetable-growing districts, there was less destruction. But to the east of the...
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Reducing VAT frauds brought more than 500 billion for the budget
The reduction in VAT frauds brought more than 500 billion HUF profit for the budget. The G7 calculated how much Hungary won by reducing VAT frauds. It is easiest to...
Read moreMonks are fighting with online reservations against resellers
The Belgian monks have chosen a specific way to reach that only individuals could buy their highly sought after beer and to filter out those resellers who sell the special...
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Forty-five thousand dollars for two melons
Two melons were auctioned in Yubari, Japan, and the bidding was stopped by the first customer because the buyer offered 45,000 dollars – origo wrote. Photo: THE YOMIURI SHIMBUN /...
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Magazine: Moscow: a place where we can learn a lot
At the end of March I flew to Moscow to visit the POPAI Russian Awards in-store display contest, and to participate in the POPAI meeting as president of the Hungarian...
Read moreAM: 435.7 billion forints have already been paid in the rural development program
In the rural development program (vp) 435.7 billion HUF was paid already to the applicants, 34.2 percent of the 1274.6 billion HUF commitment – the Minister of Agriculture informed on...
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From the end of June, a new support helps to keep skilled workers in agriculture
The Ministry of Agriculture (AM) has developed a new support scheme for the poultry and pig sector. The applications for support can be submitted to the Hungarian State Treasury from...
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Try it before you buy it! Brands can be tested at the weekend at the BRAND TESTER Park
The speedy expansion of webshops made shopping more convenient and faster – whether it was clothes, food or services. The only downside is that we can’t try the products we...
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The real PI-water is already available in bottles
Elixina, the first bottled, retail PI water available in retail, was released on the market. It is based on high-quality, internationally recognized, award-winning mineral water, which is especially healthy due...
Read moreLondon analysts expect less global growth than expected
According to recent forecast of financial analysts from London, the Chinese-US trade conflict is worsening the investor climate in the global economy, and are expected to see slower global growth...
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The euro area trade surplus was higher than expected in April
In April, the European Union Statistical Office, Eurostat, reported a surplus that was lower than a year ago, but a larger than expected surplus occured in the euro area’s foreign...
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Inflation decreased in the EU
Inflation dropped to a one-year low in the euro area in May and consumer prices continued to fall across the EU – Eurostat announced on Tuesday, confirming the preliminary data...
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FAO: Food prices rise amid weak production outlook for maize
Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions. The FAO Food Price Index,...
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Magazine: Little sugar, big taste
Two factors have a big influence on the market of home preserving supplies: the weather and the quantity of fruit harvested. Last year there was a cold and rainy spring,...
Read moreThe pace of agricultural producer price increases is barely moderating
In April, producer prices increased by 6.6 percent after a 7.0 percent increase in March and an average 8.0 percent increase of the first two months – according to the...
Read moreThe government expects economic growth of around 4 percent in the coming years
The government expects sustained high economic growth of around 4 percent in the coming years; the growth forecast for next year is 4.0 percent, while 4.1 percent for 2020, 4.2...
Read moreChamber of Agriculture: the price of sour cherries may double
The price of sour cherries could double, compared last year due to spring droughts and high temperature fluctuations – the president of the the national horticultural and supplier department of...
Read moreKSH: The production of food, beverage and tobacco products grew by 11 percent
The growth rate of food, beverage and tobacco products accelerated: output in April increased by 10.9 percent year-on-year. The Central Statistical Office (KSH) registered a double-digit growth again after 15...
Read moreThe EU will increase the support of the beekeeping sector to 120 million euros
The European Commission will provide 120 million euros (38.6 billion HUF) to support the European Union beekeeping sector over the next three years. This funding represents an increase of 12...
Read moreITM: digital economy needs digitally skilled workers
The digital economy needs digitally skilled workers. To support this, the government has adopted a ministerial proposal on the development and introduction of a digital competence framework system – Pölöskei...
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Melon cubes from Japan
This year, the transportation of special cubic melons were launched from Zentsuji, Japan. Some local farmers produce these melons, which serve more as ornamental than as fruit – origo wrote...
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NAV seized 2200 counterfeit branded products
In one of the capital markets, the inspectors of NAV not only seized more than 2200 counterfeit branded products, but also found the false signal printing machine – index wrote....
Read moreBritish Chamber Association: investments are falling faster than expected
The British Chamber of Commerce (BCC), worsened its forecast on British economic growth in the next two years, in particular due to the continuing uncertainty surrounding Brexit. According to the...
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Turbulent start to the year hits big banks’ profits
The 2019 half year results’ announcements of Australia’s major banks reflect a turbulent start to the year, with slowing revenue, higher remediation costs, a flagging economy and the delivery of...
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Magazine: Common Agricultural Policy 2020: development, the new generation and worries
HG Media and Haszon Agrár Magazin organised a conference in May, titled ‘In focus: Common Agricultural Policy 2020’. Hungary’s agricultural output was 3.6 percent bigger in 2018 than in 2017...
Read moreThe turnover of soft drinks, beers and ice creams has increased significantly
The turnover of mineral waters, soft drinks, beers and ice creams has increased significantly in recent days – the commercial chains informed MTI. Fodor Attila, Communications Director of CBA Kereskedelmi...
Read moreThe harvest can begin at the end of June
The harvest of autumn-sown field crops can start as usual at the end of June, after Peter and Paul’s Day – Petőházi Tamás, National Class President of the National Agricultural...
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