Market News
Involvement of a trustee
The problem of company succession affects the Hungarian family businesses nowadays, because most of these companies were founded in the time of the regime change. How can a company’s owner...
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The National Ice Damage Mitigation System operates from 1 May
The National Ice Damage Mitigation System is operated from 1 May. The National Ice Damage Mitigation System does not imply any additional obligations for farmers, as it is funded by...
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Economic growth has slowed down in the EU and in the euro area as well
Economic growth has slowed throughout the European Union and the euro area in the first quarter of this year both in annual and monthly comparisons, according to a report released...
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The Nébih withdraw more than two tons of unmarked animal by-products
The Nébih withdraw more than two tons of unmarked animal by-products, 530 kilograms of untraced meat and meat products from circulation at a small-scale producer in Pest county and filed...
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Salad is produced in an underwater glasshouse
Italian scientist produce plant species such as basil, lettuce and strawberries in a greenhouse eight meters under the sea level. The aim of the project that is in pilot stage...
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Bananas with edible peel was developed in Japan
A Japanese farm developed bananas with edible peel. The proccess was to slowly cooling the growth cells of the fruit to minus 60 degrees and then thawing them. The researchers...
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Businesses continue to face a challenging economic environment
Driven by market uncertainties and declining economic growth forecasts, many companies are struggling to maintain margins. With fewer remaining opportunities for cost-cutting, many businesses are now focused on opportunities in...
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KSH: number of employees increased by 67 thousand in one year
In January-March 2018, the average number of people employed was 4 million 435 thousand, 67 thousand ie 1.5 percent more than a year before, the Central Statistical Office (KSH) reported...
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The number of sheep has risen
The Association of Hungarian Livestock Farmers has published the sheep and goat sector status report – agrarszektor.hu wrote. As it is written, the number of sheep farms and sheeps increased...
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FruitVeB: strawberry crop will be better this year
Winter and spring frosts did not cause any material damage to the strawberries in Hungary this year. The farmers, like in the years of favorable yields, can harvest about 15,000...
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K&H most of the investors save only annually
About quarter of the investors are savings monthly and 80 percent of them pay attention at least once a year to save some money – according to a survey of...
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Nébih ordered the withdrawal of contaminated spice cumin
The National Food Chain Safety Office (Nébih) was informed of atrophic food poisonings. The findings revealed that the patients had eaten spice cumin-containing food. The National Food Chain Safety Office...
Read moreRetail sales decreased in Germany
Instead of the expected a growth, retail sales in Germany decreased in March, in a monthly comparision. The German Federal Statistical Office (Destatis) on Monday announced that retail sales fell...
Read morePork meat exports may decline temporarily
The infected wild boar in Heves County caused panic at the Germans, but worse: it closed the Japanese market as well. Serbia, Japan, Taiwan, Singapore, South Korea and Belarus have...
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The authorities withdrew almost 105 tons of food products in recent months
Almost 105 tons of fake or unknown origin foods and 7,000 liters of alcoholic beverages were withdrawn by the Hungarian authorities during the OPSON VII International operations against food counterfeiting...
Read moreAdditional VAT cuts and increased efficiency are needed in the food industry
The food industry operators felt greater government attention between 2014 and 2018, but the performance of the sector is still below EU competitors. Professionals say that without the development of...
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GKI: 7 percent of the Hungarian employees are on minimum wage
Seven percent of the employees of the majority Hungarian-owned companies with over five employees are on guaranteed minimum wage, while the lowest rate of employees (10 percent) with minimum wage...
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Poultry stop due to the salmonella meat scandal
Due to the salmonella meat scandal, the European Union forbade to enter the EU market to 20 Brazilian meat processing companies – agrarszektor.hu wrote. The measure will enter into force...
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Freshwater fish farmers continue to count on EU funding
The Ministry of Agriculture is working to retain the support level of freshwater aquaculture in the next EU development cycle – Ugron Ákos Gábor, Deputy Minister of State, responsible for...
Read moreHere are the new ministers of the Orbán government
The final list of ministers of the new government was published in Figyelő – agrarszektor.hu wrote. The list of ministers: Gulyás Gergely, Minister of Chancellery Rogán Antal, Minister of Cabinet...
Read moreNébih tested sour creams
The National Food Chain Safety Office (Nébih) found almost half of the 20 % sour creams objectionable in food safety and qualitative aspects According to a statement published on the...
Read moreConsumer confidence has stagnated in Germany
Germany’s consumer confidence is stagnating. Experts expected decline – according to a survey published by GfK on Thursday. The consumer sentiment mood of the Nuremberg-based Market Research Institute in May...
Read moreThe Budapest Airport received significant environmental recognition
Another, outstandingly important international environmental award was awarded to the Budapest Airport: ACI, the International Council for Airports, acknowledged that the Budapest Liszt Ferenc International Airport had reached the so-called...
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The world’s largest tea exporters
Europe and New Zealand both creates about hundred thousand tonnes of milk powder – agrarszektor.hu wrote. If we only look at the value of exported milk, the three leading EU...
Read moreNGM: retail has been growing steadily for 56 months
Retail sales have been growing steadily for 56 months and in the next period similar growth can be expected – the Deputy Minister of State of the Ministry of National...
Read moreThe National Hungarian Beekeeping Association has launched an action against the destruction of bees
The National Hungarian Beekeeping Association (OMME) and the animal friendly members of the Budapest Voices band launched an action against the destruction of bees – Bross Péter, president of the...
Read moreWorld wine production at sixty-year low
The European wine production closed an extremely weak year in 2017, which is mostly due to the bad weather – origo wrote. Despite these, the global trade is booming, consumption...
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The optimism of the domestic businesses is unbroken
Domestic companies are looking forward to the future with optimism. The K&H SME confidence index has moved 2 points upwards, standing on 10 points, which is the second best in...
Read moreNAK: employers can do a lot for the safety of agricultural workers
Typically, a quarter of the fatal workplace accidents occur in agriculture, most of which are collisions and hit and runs with tractors and other machines. In addition, there are many...
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