Market News
The factoring market broke records last year
The factoring market in Hungary has gained a record turnover last year, but unlike the tendency in the European Union, the share of the micro and small companies decreased from...
Read moreOver 60 million tonnes of cereal crops are expected in Ukraine this year
The Ukrainian Ministry of Agriculture has not changed its previous forecast after the harvest has begun and continues to expect 60 million tonnes or slightly more cereal production this year,...
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Magazine: Young shoppers economise and want physical stores to stay
According to the results of the Cetelem Panorama 2018, a survey conducted in 17 European countries, optimism returned to Europe. Rated on a scale of 1 to 10, respondents gave...
Read moreMore than expected flour price increase may come
This year there will be more feed wheat than mill quality – the professionals experienced as the end of harvesting is approaching. Wheat prices are constantly increasing, mills and bakeries...
Read moreThe current Hungarian CAP support rate should remain!
The current Hungarian support rate should remain in the post-2020 EU Common Agricultural Policy (CAP) period – agrarszektor.hu wrote. According to the findings of the Agricultural Forum of the Free...
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The applicants have won more than 22 billion forints in the framework of VEKOP
A total of more than 22 billion HUF was won by 177 small and medium-sized enterprises, local governments, health care institutions, vocational training centers and tanker centers in the ten...
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The ripening of grapes is ten days ahead in the vineyards in Villány
This year, the ripening of grapes take place ten days earlier in the Villány wine region. it is expected that havest to start earlier than average – Ipacs Szabó István,...
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The Nébih has taken measures against a Pastry-webshop
The National Food Chain Security Office (Nébih), has taken measures against a Pastry-webshop. The operator of the takeacake.hu website has admitted the shortcomings discovered during the procedure and terminated the...
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The verdict of the European Court of Justice strengthens the domestic GMO-free strategy
According to Nagy István, Minister of Agriculture, the verdict of the European Court of Justice further strengthens the domestic GMO-free strategy. The court in its verdict, published on Wednesday told...
Read moreForeigners pay almost half of the Hungarian toll
The budget had gross revenues of 162 billion forints from e-stickers and e-tolls, in the first half of this year, 8 percent more than in the same period last year....
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(HU) Elindult az „Év kereskedője 2018” verseny
Sorry, this entry is only available in HU....
Read moreSygenta: grape crop is good before the harvest
Harvesting may take place weeks earlier this year in most of the country’s wine regions. The grapes are in good condition almost everywhere, so producers expect a good year and...
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Significant price increases may occur in case of dairy products
Experts are not exclude that by the end of the year the shops will be out of butter. the European milk shortages can be huge – hvg.hu wrote. The price...
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Domestic retail chains consider the use of recyclable packaging materials
Domestic retail chains seeks for full recyclability or compostability, when purchasing packaging materials and shopping bags – Világgazdaság Online wrote. After Lidl in Germany announced in April that it will...
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It is getting harder for banknote counterfeiters
The MNB (Hungarian National Bank) has started the exchange of forint banknotes in 2014. The security features of the renewed banknotes now provide much more complex protection against possible counterfeiting,...
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Another 1.2 billion HUF for farm development
This year, the Farming Development Program, which has been running successfully in recent years, continues – magyaridok.hu wrote. After the nearly nine billion forints awarded between 2011 and 2017, another...
Read moreWith the change in consumer habits, the number of night workers in the UK has doubled
With the change of consumer habits, the number of retailers in the UK who have been working mainly at night has doubled, in the past ten years. According to the...
Read moreRussia is preparing to expand its agricultural exports
Russia has fulfilled the role of import substitution for the main foodstuffs, now agricultural exports have to be expanded, Deputy Prime Minister Alexey Gorgyejev said on Wednesday in Moscow. Gorgyejev...
Read moreThe ifo German business sentiment index decreased less than expected
In addition to improving of the current economic conditions, the business sentiment index of the ifo Institut in Germany was less than expected in July. On Wednesday, the Institute for...
Read moreRetail sales grew above seven percent
According to the raw data, retail sales volume grew by 7.1 percent in May, compared to the same period of last year. Calendar effect adjusted, the growth was 7.7 percent...
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The decline in milk prices may end
The producer price of milk is almost 10 percent lower since the beginning of the year, but the market expect that it has already reached this year’s low. The price...
Read moreThe harvest of Csabagyöngye has begun
The harvesting of the earliest grape variety, the Csabagyöngye has begun on Tuesday. Harvest has begun ten days earlier than the average in Hungary and throughout Europe – the Varga...
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NAK helps the survival of milk machines with the new regulation
At the initiative of the National Chamber of Agriculture (NAK), vending machines for raw milk do not need to have an automatic supervisory unit, and operators can fulfill the obligation...
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More than 1,200,000 food packages were saved for the needy
Food waste is still a huge problem in the world and in Hungary. It has a huge impact on our society and our environment as well. In Hungary, the Food...
Read moreThe number of Hungarians working in Austria reached the highest level so far
The number of Hungarians working in Austria has reached the highest level so far. However, most of these workers are seasonal workforce, possibly commuters. In June, the number of Hungarians...
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According to the developers of the Maros-field economy development program, trust has been restored
The Managing Director of the Pro Economica Foundation – which has organized the Maros-field economic development program, supported by the Hungarian state – said that trust has been restored with...
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The economic performance of the euro area has deteriorated
In spite of some improvement in manufacturing performance, the economic performance of the euro area deteriorated slightly in July. According to the preliminary figures of the London-based IHS Markit Economics...
Read moreRetail sales in Germany increased less than expected in February
Retail sales in Germany expanded to a lesser extent than in February, just like in January, which is another indication that this year started weaker in the largest economy of...
Read moreThe National Council of Mountain Villages has announced the forecast of the average grape wine prices for 2018
The National Council of Mountain Villages (HNT) has published its forecast for the average grape wine prices for the 2018 harvest on its website, the organization told MTI on Monday....
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Profession.hu: the number of job advertisements increased by 17 percent in the second quarter in annual comparison
In the second quarter, more than 40,000 new jobs were advertised by companies, which is a 17 percent increase over the same period of last year. The highest number of...
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