Market News
AM: punishment for food counterfeiters to be tightened
According to the amendment of the law of the Parliament, the punishment of food counterfeiters is stricter and they can no longer hide behind other companies after the fraud –...
Read moreNagy István: to maintain the EU agricultural budget a joint action by the region is needed
The EU agricultural budget for the next seven years should not be reduced, even by increasing the contribution of individual countries, Nagy István, Minister of Agriculture said on Friday in...
Read moreA conciliation body is needed to make businesses ready for consumer protection
The experience of the first half of the year shows that it is necessary to prepare businesses for consumer protection in the 21st century – the Budapest Conciliation Body (BBT)...
Read moreThe National Soil Center has started
Another strong bastion was created with the launch of the National Soil Center (NFK), which serves the competitiveness of Hungarian agriculture and the transparency of the related activities – Nagy...
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Retail sales in the euro area were weaker than expected
Retail sales in the euro area were weaker than expected in May. In a monthly comparison, decline occurs for the second consecutive month in the volume of traffic as a...
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GKI: Business expectations fell sharply in June
After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations...
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The future of fuel cards
At the end of May Shell held their ‘Make the Future Live’ event: a 4-day festival in London’s Queen Elizabeth Olympic Park, where the focus was on innovative ideas. The...
Read moreCampaign to encourage sour cherry consumption
Hungary is a great power in the production of sour cherries, but the consumption of the extremely healthy fruit is low. The Ministry of Agriculture (AM) and the Agricultural Marketing...
Read moreKKM: The Ministry of Agriculture of Japan has been discussing on Hungarian pig meat exports in Budapest
The Director of the Food Safety and Consumer Protection Office of the Japanese Ministry of Agriculture discussed the delivery possibilities of Hungarian pork in Japan – the Ministry of Foreign...
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Nébih: an average Hungarian throws out six kilos of vegetables and fruits a year
An average of six kilograms of vegetables and fruits are thrown out annually by an average Hungarian – the head of the Department of Plant, Soil and Agri-Environment Protection of...
Read moreChamber of Agriculture: So far six thousand students participated in the From Home To Home campaign
Interactive lectures were held for six thousand primary and secondary school students so far, within the From Home To Home Campaign – the Zala County President of the National Agricultural...
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It is possible to breed cattle that emit less methane
It is possible to reduce the methane emissions of cattle according to scientists. The genetics of cattle have a strong effect on the composition of microorganisms in the rumen of...
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This year’s development budget for the farm development program doubles, compared to last year
The proportion within the total amount of the farm development program have been set so that the people living on the farms can get more resources than the local governments,...
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FAO Food Price Index steady in June
Global food prices declined marginally in June, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close...
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Customised glasses – made using 3D printing
Hoya and Materialise developed Yuniku, the world’s first 3D-tailored eyewear. The technology works as follows: the human face is scanned and based on this the perfect frame is designed and...
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Online shops to pay bigger fines
Ákos Kara, secretary of state responsible for infocommunication and consumer protection informed that the name of online shops that don’t comply with the regulations will be registered in an online...
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Mobile app for unexpected raids by the authorities
A new application helps companies to prepare for raids by the authorities. Developed by law firm Baker McKenzie, free app ‘Dawn Raid’ provides clients experiencing a raid with real-time step-by-step...
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Magazine: A terribly good season for insecticide and insect repellent makers
Combined sales of insecticides and insect repellents amounted to more than HUF 5.68 billion in 2018 – reported Nielsen. In comparison with 2017, sales skyrocketed, having grown by 37 percent....
Read moreKSH: retail sales increased by three percent
According to the raw data, retail turnover in May increased by 3.0 percent and calendar effect adjusted it was 2.6 percent higher than in May 2018, according to the Central...
Read moreThe analysts of Takarékbank raised the forecast for this year’s GDP growth from 4.4 percent to 4.7 percent
Suppan Gergely, chief analyst of Takarékbank said at a press conference in Budapest on Thursday that the analysts of Takarékbank raised their forecasts for this year’s growth from 4.4 percent...
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Budapest Bank: nearly third of the domestic SMEs plans to invest this year
The majority of SMEs expect growth in both revenue and profit this year – according to Budapest Bank’s survey conducted among 300 CEOs. Investments are planned by nearly one third...
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NAK: a critical agreement was reached for EU agriculture
After two decades of negotiations, the European Union and the Mercosur countries have decided on a comprehensive trade agreement that will create the world’s largest free trade area. The National...
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Plastic-free July has started
The Plastic-free July has begun, the aim of the initiative is to eliminate the use of disposable plastics – was said on M1 news channel and Kossuth Radio on Thursday....
Read moreRetail sales grew 7.2 percent in Romania, in the first five months of this year
In Romania, according to raw data, the volume of retail sales increased by 7.2 percent in the first five months of this year, compared to the same period of last...
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The first meat from whaling was expensive in Japan
The first meat from commercial whaling that was refurbished after thirty years was sold at a very high price at an auction in Japan. Fifteen thousand yen (40 thousand forints)...
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The EP adopted stricter consumer protection rules
At the plenary session of the European Parliament in Strasbourg, more stringent consumer protection rules were adopted for online purchases. According to surveys, more than one third of the sites...
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Magazine: Experiences motivate shoppers
In connection with the ‘Most successful promotion of the year’ competition, Kantar-Hoffmann conducted a qualitative consumer survey with 4 focus groups that consisted of 23-35 and 36-55 year old Budapest...
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Nébih launched a campaign against the waste of vegetables and fruits
The National Food Chain Safety Agency (Nébih) launched an awareness campaign against the waste of vegetables and fruits – the authority told MTI on Wednesday. According to the latest research...
Read moreImports increased further
In April, the value of exports in euro rose by 3.8 percent and imports by 7.0 percent year-on-year, the trade balance surplus was 245 million euros, which is 238 million...
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