Market News
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...
Read moreDigital wealth loan program to be launched for SMEs and start-ups in September
The Digital wealth loan program was launched on Friday, under the Digital Wellbeing Financial Program (Djp). The Digital wealth loan program intends to provide preferential funding to innovative businesses seeking...
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The new EU Regulation on Geo-Blocking
On February 27, 2018, the European Council adopted a regulation to ban unjustified geo-blocking in the single market (EU Regulation 2018/302). The regulation entered into force on March 22, 2018...
Read moreSwine fever virus was detected in Bihar County, Romania
The Romanian Animal Health Authority confirmed the presence of African swine fever (ASF) in one of the small domestic swine herds of Kiskereki settlement in Bihar. The 10-kilometer radius around...
Read moreThe Czechs will check the imported Polish food more strictly
In the future, the Czech Ministry of Agriculture wants to check the foods imported from abroad more closely if they have previously experienced problems with the manufacturer. If they find...
Read moreIKEA will open smaller, downtown shops in Britain
IKEA will open smaller, downtown shops in Great Britain and is also implementing 24-hour home delivery service to suit changing consumer habits. The Times British daily wrote about the plans...
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The oldest bread in the world is 14,000 years old
The oldest direct evidence of bread ever found, dating back over 14000 years was discovered by archaeologists at an excavation site in Jordan. On the basis of the studies, it...
Read moreGenetically engineered pigs would be more resistant
Scientists have created pigs that are immune to one of the world’s costliest livestock diseases – BBC wrote. GE is different to the more widely used technology of genetic modification....
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GKI’s economic sentiment index reached another peak in July
After its historic peak in June, GKI’s economic sentiment index continued to rise further in July. According to an empirical survey conducted by GKI with the support of the EU,...
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KSH: earnings grew by nearly 11 percent
The average gross earnings of full-time employees in May were 327 500 forints, 10.9 percent higher than a year before – the Central Statistical Office (KSH) reported on Friday. In...
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The Ministry of Agriculture has set itself the goal of doubling fish consumption
The Ministry of Agriculture is working to double the current Hungarian fish consumption of 5.7 kilograms per capita as soon as possible – Nagy István, Minister of Agriculture said on...
Read moreThe subsidies contributed to the development of apiculture
From 2010, the beekeeping industry has received almost 10 billion forints. 50 percent from budgetary and 50 percent from EU funds. This amount has helped technological renewal, the development of...
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Blueberries are more and more popular
In order to prevent the deception of customers, Nébih controls the origin of blueberries offered for sale at domestic shops and markets – origo wrote. Nowadays, the demand for blueberries...
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Hungarian melon will be promoted in the Erzsébet camps again this year
In addition to the high-traffic summer events, the Agrármarketing Centrum (AMC) and the National Chamber of Agriculture (NAK) will promote the Hungarian melon in the Erzsébet camps again this year....
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