Market News
KSH: double-digit growth continued in earnings
In February, gross average earnings increased by 11.9 percent compared to a year before and reached 306 500 forints. In the first two months of the year, gross and net...
Read moreCetelem: the young people save and insist on the shops
According to the Cetelem’s Panarama survey, Europe’s population is optimistic. Especially the 18 to 35-year-olds, who are even better in saving, than people over 35, while stores are still important...
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K&H and the Milk Product Board signed a cooperation agreement
The K&H Bank and Milk Interprofessional Organization and Product Council renewed its cooperation agreement. Under the new three-year contract, K&H as a prominent advocate member, inter alia, have the right...
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Nielsen: Hungarians visit festivals and sport events twice a year
Typical Hungarian music or art festival goers typically visit one or two festivals annually, are women, have higher education degree and average earnings. Official sports events attract more than two-thirds...
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Magazine: February brought a 4.9-percent production price increase in agriculture
According to data from the Central Statistical Office (KSH), in February 2018 agricultural production prices were 4.9 percent higher than in the same period of 2017. This rise was the...
Read moreSwine fever: negotiations to mitigate sanctions
Bognár Lajos, the national chief veterinarian took part in negotiations again in order to alleviate international trade sanctions due to the appearance of African swine fever (ASF) in Hungary –...
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The area of orchard plantations can grow
On the basis of the preliminary data on fruit plantation censuses, the area of orchard plantations can grow by around 17,000 hectares from the current 73,000 hectares over the next...
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KSH: employment grew in February and April
During the February-April period, the average number of employees was 4 million 445 thousand, 67 thousand more than a year before. The employment rate of the 15-64 year olds grew...
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The Russians love Chinese soy
We are envious of the protein content of American soybeans, Americans envy for Chinese soybeans. The huainan soybean has an excellent nutritional content, just the treatment and cleaning of the...
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Analysts: earnings growth accelerated in January surpassing the expectations
Following the increase in minimum wages and the shortage of skilled workers, the KSH reported on a salary increase exceeding the expectations in January. The pace of growth in earnings...
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European consumers are guaranteed better quality organic food by an EU agreement
The Strasbourg plenary session of the European Parliament agreed on a new system of organic food and organic food labeling. According to the new system under such a trademark only...
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Magazine: Flavours create taste
According to Márta Galácz, managing director of Kotányi Hungária Kft., spice volume sales remained stable in the market, while value sales augmented. Sales developed the most dynamically in the spice mix...
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NAK President: there are still reserves in Hungarian agriculture
“The Hungarian agriculture had successful years, but there are some sectors where there are still big reserves” – the chairman of the National Chamber of Agriculture (NAK) told at the...
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Mushroom cultivation against breast cancer
School Mushroom Growth Boxes, Pink Tray Calling for the Importance of Cancer Screening and Supporting Disadvantaged Families – only a few of the program elements from the Bio-Fungi Kft., the...
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The Hungarian-Vietnamese economic relations are expanding rapidly
Hungarian-Vietnamese trade flow grew by 79 percent in 2017, reaching 357 million USD, while growth remained in 2018 – Varga Mihály finance minister emphasized, after talks on Monday in Budapest...
Read moreConsumer confidence in the United States was weakened in May
Consumer confidence in the United States in May deteriorated moderately in May, according to the regular monthly survey of the Michigan University, whose final results were published on Friday. The...
Read moreBritish agrarian federations will also need EU labor after Brexit
In a joint open letter, the British government has been asked by more than one hundred British federal associations on Monday to ensure that the industry can use EU citizens...
Read moreConsumer confidence has become stronger in the world’s largest economy
Consumer confidence increased in the United States, the Conference Board index improved, after two months it rose again to nearly 18 years in April. The Conference Board’s nonprofit economic research...
Read moreWorld Bank: foreign trade is the easiest from Hungary
Out of the 190 countries, the trading across borders is the easiest in Hungary – according to the World Bank’s Doing Business rankings – mfor.hu wrote. The ranking of the...
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GKI: Consumption of households grows rapidly this year as well
As GDP, earnings and consumption grew faster than previously thought, GKI raised its 2018 GDP growth forecast from 3.8 per cent to 4 per cent. Although the foreign trade surplus...
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Ireland imposes sugar tax on soft drinks
As of 1 May Ireland imposed a tax on soft drinks sweetened with sugar. With this step the government intends to solve the problem of too many Irish being overweight....
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Lower VAT on baked goods would foster technological development
The Hungarian Baker Association welcomes the fact that important representatives of the industry are in favour of cutting the VAT on baked goods to 5 percent. Bakers say they would use...
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Higher quality organic food products
According to new legislation adopted by the European Parliament, only high-quality organic food products will be marketable in the European Union in the future. Each element of the supply chain must...
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Poultry breeders want to start a price guarantee fund
Tibor Zászlós, vice president of the Hungarian Chamber of Agriculture (NAK) has told that the poultry sector can only become more competitive if technological development projects are realised. State funding is...
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More NAK supporting members in neighbouring countries
The Hungarian Chamber of Agriculture already has 144 supporting members in neighbouring countries. NAK president Balázs Győrffy has told at the Consultation Forum for Hungarian Farmers in the Carpathian Basin (KEF)...
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The chamber’s opinion has reached the European Commission
The European Union has been dealing with the problem of Unfair Trade Practices (UTP) in the supply chain for years. Last year the European Commission (EC) started a consultation, and based...
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NAK expands its marketplace search service
Farmers’ markets are increasingly popular: there are 260 of them in Hungary at the moment. On the website of the Hungarian Chamber of Agriculture (NAK) – www.nak.hu – shoppers can use a ‘Marketplace...
Read moreNAK: next rural development program would require a subsidy of 2000 billion HUF
According to the program proposal of the Hungarian National Agricultural Chamber (NAK) aimed at the long-term development of the Hungarian agro-food and food economy, the following rural development program would...
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The rise in earnings lags behind expectations
The rate of rise in earnings fell somewhat behind analysts’ expectations in March. One of the reasons of this was the base effect, that the rate of increase of the...
Read moreCIB: growth is expected to be around 4 percent this year
This year, CIB Bank analysts report an economic growth may be close to four percent, with inflation below three percent, and loose monetary policy – Trippon Mariann, chief analyst of...
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