Market News
The results of the 2017 Winter Seasonal Food Chain Check has improved
Regarding the main irregularities, the 2017 seasonal food chain monitoring results improved compared to the previous years. Last year 1.9 percent of the products tested had to be withdrawn from...
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FM: 2017 was a record year in the Hungarian-German agricultural trade
The Hungarian-German agricultural trade is expected to rise again in 2017 after 2016 – the Ministry of Agriculture (FM) announced on Friday, on the occasion of the beginning of the...
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New European countries have committed themselves to cultivating GMO-free soybeans
The European Soy Declaration was signed by the Agriculture Ministers of four new countries (Kosovo, Macedonia, Moldova and Montenegro) on Friday. The European Soy Declaration was launched with a Hungarian-German-Austrian...
Read moreThe renovated winery centers of Etyek were handed over
The refurbished winery centers of Etyek were handed over on Friday. The government investment was the first realized part of the Pannónia Szíve (Pannonia’s Heart) tourism development program. Tessely Zoltán,...
Read moreThe government is committed to the development of the horticultural sector
The agricultural government attaches great importance to the development of the horticultural sector, which is the most labor-intensive area in agriculture, which provides the livelihood of about 300-350 thousand families...
Read moreGerman business sentiment reached a record level
In November, the Business Sentiment Index of the Institute of Economics at the University of Munich, achieved a record. In November, the ifo German business sentiment index rose to 117.5...
Read moreThe consumer mood decreased in the United States
US consumer confidence deteriorated in January after US households found the current economic situation worse – according to the regular monthly survey of the Michigan University whose preliminary results were...
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Domesticated turkeys come from ancient Mexico
According to an international research team, domesticated turkeys originated in ancient Mexico, and the Aztecs and Mayans could have kept the animals not only for eating purposes, but also for...
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Nielsen: the sales of face mask and vegetable yogurt increased the most
The changing consumer preferences are indicated by the above the average increase of the smaller retail categories – according to Nielsen’s retail index monitoring 80 chemicals and 90 foodstuff categories....
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eNET: about 234 billion forints were spent on Christmas presents last year by Internet users
Adult Internet users, according to their own announcement, spent about 234 billion forints on Christmas gifts last year. Forty-two percent of this amount, about 98 billion forints were spent online,...
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Foreign trade: imports have increased
In October, exports in euro increased by 11.8 percent, imports increased by 17.0 percent, compared to the same period of last year, and after the 5.6 and 6.7 percent of...
Read moreThe European Commission has proposed a single VAT area
The European Commission has proposed new rules for the creation of a single EU VAT area, in order to decisively reduce the VAT frauds amounting to 50 billion euros a...
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Eighteen exhibitors at the sixth Pécs Chocolate Carnival
The sixth Pécs Chocolate Carnival will be held on the 3rd and 4th of February with eighteen exhibitors, professional and childrens programs in the Zsolnay Cultural Quarter of Pécs –...
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The EU would make the recyclable plastic packaging mandatory
All plastic packagings should be recyclable by 2030 in the European Union, and the use of disposable plastic materials should be reduced according to the strategy currently presented by the...
Read moreThe turnover of German breweries has decreased
German breweries sold 94 million hectoliters of beer in 2017, 2 percent less than in the previous year Origo quoted the data of the Brauer-Bund’s trade association. The Brauer-Bund justified...
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The Sziget won a European festival prize again
The Sziget was recognized internationally again: the organizers received the Line-Up of the Year award at the Eurosonic festival in Groningen, Netherlands on Wednesday. It is a surprise for us...
Read moreChina is building giant animal farms
Big pig farms are planned to be set up in China – agrarszektor.hu wrote. The development ideas fit the plans of the Chinese government for the agricultural development of the...
Read moreThe NGM and the MNB are expecting a GDP growth of around 4 percent in 2017
The Ministry of National Economy (NGM) and the National Bank of Hungary (MNB) expect a GDP growth of around 4 percent in 2017. At the Central and Eastern European Forum...
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The price of fish decreased in the vast majority of shops, due to the VAT reduction
In the vast majority of shops, fish prices decreased by 10 to 15 percent due to VAT cuts – the Managing Director of the Hungarian Aquaculture and Fisheries Interbranch Organization...
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Early Easter brings more expensive lamb
Because of the early Easter, sheep farmers are expecting a strong demand and price increases in foreign markets – Magyar Idők wrote. Although there are still a long two months...
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Heppenheimer is the top egg
This year, the Heppenheimer Egg was awarded with the Gold Ribbon Quality Certification. The trademark indicates the exceptional quality and flavor, and the goal is that the product awarded with...
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The postal and courier fees are getting more expensive
In the third quarter, the price of postal and courier services in Hungary increased by rocket speed. In the first two quarters of the year, this sector also produced the...
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The Lactalis baby milk powders will be withdrawn in Hungary
The baby milk powder made in the Craon plant of the French company Lactalis will be withdrawn in Hungary – the National Food Chain Safety Office (Nébih) announced on its...
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Szállás.hu: record-breaking growth last year in the tourism market
Domestic tourism ended with growth record last year, rising by 15 percent in 2017. 70 percent of guest nights were for 1-2 days – according to the comprehensive annual analysis...
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The National Chamber of Agriculture has successfully closed last year
The National Chamber of Agriculture (NAK) has successfully closed last year, and many of the measures to ease the economy have been created at the initiative of NAK – the...
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The Jéger may bring significant savings
It is good news for the farmers that the ice-hunting system, the Jéger will be launched nationwide at the beginning of May. The system is currently under development – Magyar...
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The National Machine Financing Program of the MFB is launched
The National Machine Financing program of the Hungarian Development Bank (Magyar Fejlesztési Bank) was launched. The framework of the loan and lease programs with a preferential interest rate is 80...
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Eurozone and EU inflation accelerated in November
In line with the expectations in November, the annual increase in consumer prices in the euro area was 1.5 percentage points higher than the preliminary data and 0.1 percentage points...
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There are new opportunities to preserve soil moisture
There are several processes and preparations that are able to preserve soil moisture, so farmers can cultivate crops where there is no possibility to irrigate – Fazekas Sándor, Minister of...
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The European Parliament proposes to ban electric fishing
The European Parliament (EP) in its plenary meeting in Strasbourg called for a ban on electric fishing in Europe on Tuesday. When electric fishing, electric wires are hung into the...
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