Market News
A village economist office was opened in Mezőcsát
The Hungarian National Agricultural Chamber (NAK) has opened a village economist office in Mezőcsát, Borsod-Abaúj-Zemplén county. At the event, Tállai András, Minister of State of the Ministry of National Economy,...
Read moreCIB Fund Manager: Economic growth will be around 3.8 percent this year
In Hungary, the CIB Fund Manager is expecting a recurring growth of 3.8 percent in 2018. According to the company’s expectations, global GDP could grow by 4.1 percent, after the...
Read moreGMO-free products are a competitive advantage for Hungary
It is a competitive advantage for Hungary to produce GMO-free products that can be sold at a higher price on the world market Gyuricza Csaba, Director-General of the National Agricultural...
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Flour price increase to come again
The costs in the mill industry increased significantly, since the average 5 percent increase occured after the 2017 harvest, so it is not possible to delay the further increase in...
Read moreKSH: foreign trade surplus has decreased
Last November, the euro-denominated exports grew by 6.4 percent, imports increased by 8.1 percent year-on-year, and foreign trade surplus was 84 million euros less: 713 million euros, according to the...
Read moreThe Y generation consume a variety of digital devices 11 hours a day
The members of the Y generation (also known as the Millennium Generation) spend up to 11 hours a day with a variety of digital devices – according to the survey...
Read moreThe National Agricultural Research and Innovation Center has received funding for climate change research
The National Agrarian Research and Innovation Center (NAIK) won 635.61 million HUF EU funding for climate change research. The NAIK told MTI on Thursday that research has been conducted at...
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The Service Center of the Agricultural Chamber was handed over in Karcag
The National Chamber of Agriculture (NAK) opened its sixth NAK Service Center in Karcag providing information and consulting services to farmers, businesses with the involvement of external professional partners. The...
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Magazine: Data protection deadline
Although the General Data Protection Regulation (GDPR) of the European Union entered into force in May 2016, companies have time until 25 May 2018 to change their data management procedures...
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New beverages at the selection of Future Store – We invite you to take a closer look at it!
Within the compass of SIRHA Budapest 2018, the meeting point of Future Store is about to introduce a wide range of product developments. Now it’s time to call your attention...
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FruitVeB: the Hungarian fruits and vegetables will be promoted again this year
The fruits and vegetables promotion campaigns of the Hungarian Vegetables and Fruit Interprofessional Organization and Product Council (FruitVeB) will continue this year. Within the campaign, one of the most important...
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MNB: households and companies have saved more when borrowing in 2017
Companies and households have raised their bank deposit last year more than their credits -according to the data released by the National Bank of Hungary on Thursday. It can be...
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MLBKT: the Purchasing Manager Index broke records in January
The seasonally adjusted value of the Purchasing Manager Index (PMI) broke records, reaching 60.9 points in January. The index continues to show dynamic growth, its value is higher than the...
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The NAK provides soil testing services to its members
The National Chamber of Agriculture (NAK) also offers laboratory soil testing to its the members with the participation of the University of Kaposvár (KE) – the chairman of the public...
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The Nébih suspended the operation of a bakery in Budapest
Because of serious technical and hygienic deficiencies, the National Food Chain Safety Office (Nébih) suspended the operation of the Budapest-based Berliner Kft. bakery and confectionery production plant with immediate effect...
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The use of modern technologies helps in market entry
The owners of 12 family farms in Nagyrécény Zala county produce berry fruits in covered plantations. The farmers have invested 1.2 billion forints into the production sites and expect that...
Read moreHungary insists on maintaining EU agricultural subsidies
Hungary insists that the level of EU agricultural subsidies should not be reduced and is against the solution that some Member States will counterbalance this by raising their own state...
Read moreSMEs started the year positively
The K&H SME confidence index is showing a strong growth, reflecting the positive expectations of the sector this year. The indicator is now at 8 points after a 6-point increase,...
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Analysts: the labor market has reached full employment
The Hungarian labor market has reached the state of full employment in economic terms in 2017, which is why the unemployment rate may decline only marginally this year – market...
Read moreLondon analysts: Central European EU economies began the year “very strong”
London’s financial analysts said that the Central European EU economies began the year with a “very strong” growth momentum. The current annual growth rate is close to 6 percent. The...
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The Hungarian National Trading House is connected with more than 700 companies in the Vajdaság
The Hungarian National Chamber of Commerce (MNKH) is connected with with more than 700 local businesses through its two offices in the Vajdaság (Voivodina) and has been involved in the...
Read moreThe EU rules do not allow the use the name pálinka in Transylvania
Today, the EU rules do not allow the use the name pálinka in the labels of distillates produced in Transylvania. Recent days Fazekas Sándor Minister of Agriculture has announced that...
Read moreConsumer confidence has improved in the United States
After the decline in December, consumer confidence in the United States strengthened in January. The Conference Board economics research institute announced on Tuesday that its consumer confidence index rose from...
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Magazine: All in – for the perfect washing-up
Dishwasher detergent sales are growing the fastest in hypermarkets, drugstores and traditional retail units. We learned from Orsolya Balázs brand manager of Henkel Magyarország Kft. that they keep monitoring market trends and...
Read moreThe sales price of wine rose by five percent
The sales price of domestically produced wines increased by more than five percent per hectolitre in 2017, compared to the previous year’s prices – agrarszektor.hu wrote. While the Hungarian wine...
Read moreInflation was 2.5 percent in November
In November, annual inflation was again 2.5 percent, compared with the previous month, consumer prices increased by 0.4 percent on average – the Central Statistical Office (KSH) reported on Friday....
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Hungary is willing to raise its payment for EU agricultural subsidies
Hungary is interested in a simpler and more prosperous EU common agricultural policy (CAP) in the post-2020 period – Fazekas Sándor, Minister of Agriculture told in Brussels on Monday. Fazekas...
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KSH: employment remained at a 68.8 percent record level
In the fourth quarter of last year, the average number of employees was 4 million 447 thousand, 36 thousand ie 0.8 percent more than a year before. The employment rate...
Read moreThe digital transformation in economic growth is becoming increasingly important
The digital transformation, the industry 4.0 plays an increasing role in economic growth – Lepsényi István, Minister of State Secretary of the Ministry of National Economy (NGM) stressed on Tuesday...
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