Market News
Meat Association: The meat industry grew by more than 8 percent last year
Thanks to the growth of the poultry sector, the performance of the meat sector increased by more than 8 percent last year – Éder Tamás, president of the Hungarian Association...
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Nagy István: the aim is to reach seven million animals in the rabbit sector
The Ministry of Agriculture (AM) and the Rabbit Product Board aim to bring domestic producers to 7 million animals by 2022 compared to the current 4-4.5 million rabbits – the...
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ITM: Consumer Controllers pay special attention to products related to Easter
For the government, the safety of families is particularly important – Kara Ákos, Minister of State of the Ministry of Innovation and Technology (ITM) emphasized on Wednesday at the press...
Read moreThe IMF improved this year’s and next year’s Hungarian GDP growth forecast
The International Monetary Fund (IMF) in its spring global economic forecast improved this year’s and next year’s Hungarian GDP growth forecast. The Hungarian economy may grow by 3.6 percent this...
Read moreMagosz: 30 percent of the grain can be the lost due to the drought
Due to drought, 30 percent of the cereal grains could be wasted – Jakab István, president of the Association of Hungarian Farmers (Magosz) told M1 news channel on Wednesday. The...
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Agricultural advisers assist in submitting uniform applications
The period for submitting uniform applications has begun: The agricultural advisers assist in submitting uniform applications free of charge – the National Agricultural Chamber (NAK) informed in a communication. NAK...
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How to keep your customers?
Market data from 2018 reveal that the growth in the number of online shoppers is slowing down in Hungary. Consequently, online retailers value returning shoppers more and more. Well-working call...
Read moreLast year, the Romanian beer market grew by 3 percent
Last year, the Romanian beer market grew by 3 percent. The population consumed 16.6 million hectoliters of beer – the Romanian Association of Beer Manufacturers announced. This means 85 liters...
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What you need to know about instant payment
On 1 July 2019 the instant payment system will be launched in Hungary, by using which recipients get the money after bank transfers in 5 seconds on any day of...
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Profitmaximalizálás automatizációval
Az nem kérdés, hogy a kereskedők számára a jó árképzés legalább olyan fontos, mint például a célzott vásárlói réteg igényét kielégítő termékválaszték kialakítása. Egy bizonyos termékelemszám felett azonban pusztán hagyományos...
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Special funding for irrigation development
This year the development of the country’s irrigation system continues with preparations for 7 projects. The government earmarked HUF 594 million for these tasks. Main goals include the promotion of...
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Exciting digital payment solution from Hungary
A QR code based digital payment service that can manage various currencies, called BlockBenPay, was named one of the top 10 most exciting digital payment solutions at FinTechShow. BlockBen managing...
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A chance for the best to earn recognition!
Trademarks can do a lot in calling the attention to what is good, what is above the average. The Value and Quality Award Trademark’s objective is to reward the high...
Read moreThe background of stress-eating
Do you find yourself racing to the pantry when you’re feeling down or otherwise upset? Finding comfort in food is common, and it’s part of a practice called emotional eating....
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A quality coffee experience
The ‘slow food’ movement has already reached Hungary too. As part of this, more and more people return to whole bean coffee, which offers a much better coffee experience. Douwe...
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Magazine: Self-rewarding and chocolate bars
In spite of rising ingredient prices and the public health product tax (NETA), the chocolate bar market is doing well. The reason of this is the increase in Hungarians’ purchasing power...
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The chain of stores expect strong Easter traffic
The supermarket chains expect to see even stronger Easter traffic than last year; Customers continue to buy much more than average from hams, eggs, cakes and sweets, but demand is...
Read moreConsumer prices are climbing higher and higher
In March, consumer prices were on average 3.7 percent higher than a year before – the Central Statistical Office (KSH) announced. Analysts expected 3.5 percent after February’s 3.1 percent. Excluding...
Read moreThis year, farmers can apply for 470 billion HUF
This year, farmers will be able to apply for 470 billion forints on fifty titles – the Minister of State of the Ministry of Agriculture told M1 news channel on...
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The Frutti and Veggi also encourage children and families to consume fruit and vegetables this year
Most families with children consume little vegetables and fruits. Frutti and Veggi, two mascot figurines of the European Fresh Adventures, are returning this year to fight for a healthy diet...
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Between 2014 and the end of 2017, MNB’s net wealth of households increased significantly
Households’ net wealth increased significantly between 2014 and the end of 2017, while price increases over this period were around 5 percent. The sector’s net wealth grew by 44 percent....
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The digitalization survey of food industry enterprises was started with the cooperation of NAK
The National Agricultural Chamber (NAK), the Agricultural Economics Research Institute (AKI) and the University of Debrecen’s Ihrig Károly Doctoral School of Management and Organization Sciences are preparing a survey on...
Read moreITM: The Hungarian multi-program encourages the development of the most promising enterprises
A project called Magyar multi program (Hungarian multi-program) was launched to support the development of small and medium-sized enterprises – the Minister of State of the Ministry of Innovation and...
Read moreA record amount of beer was brewed in the Czech Republic last year
A record 21.3 million hectoliters of beer were brewed last year in the Czech Republic, which is a 4.7 percent annual growth, after the previous year’s decline – the Association...
Read moreThe EU is threatened with the imposition of eleven billion USD duties
Washington intends to charge 11 billion USD on EU products if the EU does not stop to support the Airbus aircraft manufacturer – Robert Lighthizer, United States Chief Trade Negotiator...
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From 5 April, Tesco delivers to another 50,000 households
From 5 April, the inhabitants of Pécs, Pécsvárad, Szentlőrinc, Komló, Hosszúhetény and some settlements in East Pécs can now conveniently shop, either on the Tesco website or on their smartphone....
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Penny Awarded For Measures Against Food Waste
Discount supermarket chain Penny has been awarded the ‘Zu gut für die Tonne!’ (Too good for the bin!) prize for implementing measures to reduce food waste.The award was given by...
Read moreCereal growers: due to the weekend rain one can already sow in Transdanubia
It is already possible to sow in Transdanubia due to the weekend rainfall, but the lack of rainfall in the Great Plain hinders spring field work – the Chairman of...
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Minister of Agriculture: the Agri Széchenyi Card gives agricultural enterprises security
The Agri Széchenyi Card (ASZK) overdraft provides sufficient security for agricultural businesses – Nagy István, Minister of Agriculture stressed at a press conference on Monday in Budapest. He noted that...
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