Market News
The economic sentiment deteriorated in the euro area and in the EU
The economic sentiment deteriorated in the euro area and in the European Union higher than expected in March. According to the report released on Tuesday by the European Economic and...
Read moreThis year’s pork campaign continued with the “Where the Pig sector is Heading?” conference
The “Where the Pig sector is Heading?” conference is organized as a part of the Consumer Promotion Campaign by the Agricultural Marketing Center (AMC). Daróczi László, Managing Director of Agrármarketing...
Read moreThe Takarékbank raised its GDP growth forecast to 4.5 percent this year
Partly due to the projected effects and partly due to the further improving outlooks for the economy, the growth rate of the Hungarian economy may continue to accelerate this year,...
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Magazine: New segments becoming more important in the cereal product market
After the spectacular expansion of the last few years, the sales growth slowed down a little in the market of cereal products in 2017. At the same time the restructuring process...
Read moreAgriculture is a driving force of the Hungarian economy
Despite the challenges that the sector is facing, the performance of agriculture is a driving force of the Hungarian economy – Fazekas Sándor, Minister of Agriculture emphasized on Tuesday at...
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The Nébih imposed a fine of more than 7.3 million forints in the first period of the Spring Control Series
During the first period of seasonal food chain control, between 1 March and 18 March, the staff of the National Food Chain Safety Office (Nébih) visited 1958 facilities. As a...
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Hungarian enterprises are at the gateway of international export successes
On the basis of last year’s success and the feedbacks from Hungarian entrepreneurs and company executives, the Hungarian National Chamber of Commerce has organized the Masters of Business Budapest professional...
Read moreThe vineyards did not deteriorate in the March frosts
The unusual winter, with its unusually warm months and then the frosty springtime, did not cause damage to the vineyards in the Mátra and Eger wine regions, and even the...
Read morePoland would raise a fence on its eastern border due to African swine pest
The Polish government would build a fence along Poland’s eastern borders to prevent further spread of African swine pest (ASP) – Krzysztof Jurgiel Polish Minister announced at Press Conference in...
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Eurostat: half of the unemployed young people would leave their their homes if they could find jobs elsewhere
In the European Union (EU), about half of the unemployed between the ages of 20 and 34 would leave their homes if they were able to work elsewhere, while the...
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HENT: fake perfumes can be dangerous
Fake perfumes can be dangerous. They can cause serious allergic reactions and infectious diseases – the National Anti-Counterfeit Agency (HENT) warned in its statement sent to MTI on Tuesday. According...
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Magazine: I like the system!
According to Wolfgang Wallisch, member of the board of directors at BENU Magyarország, the franchise system is already widely used in Hungary. Typically the franchise system targets small businesses, but the...
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Hungarians spent 22 billion HUF on detergents
The Hungarians’ desire to clean up is growing: Between March 2017 and February 2018, we spent more than 33 billion HUF for detergents and cleaning products – according to Nielsen’s...
Read moreSzázadvég: inflation can be 2.6 percent this year
The Századvég foundation predicts that inflation will be 2.6 percent this year – Regős Gábor, the analyst of the foundation told M1 news channel on Saturday. The analyst said that...
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We eat less import salads
Hungary’s salad imports decreased significantly last year – Magyar Idők Online wrote. According to the data of the Central Statistical Office, last year a total of 1367 tonnes, 37 percent...
Read moreFazekas Sándor: net average earnings in agriculture increased to one and a half times higher
In the seven years since 2010, 72,000 new jobs have been created, net average earnings in agriculture increased to one and a half times higher, and the sector is on...
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Lamb exports may decrease due to the early Easter and the change in Italian demand
Lamb exports may be 10-15 percent less this year, (compared to 2017, when lamb exports amounted to 120 thousand) because the weight of the lambs were low, due to the...
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More than 1300 kilograms of products were withdrawn from the market by Nébih
More than 1,300 kilograms of products were seized and withdrawn from circulation by the National Food Chain Security Office (Nébih) during investigations in commercial units in Kállósemjén and Nagykálló. According...
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There is no threat of bluetongue disease currently
The National Food Chain Safety Office (NÉBIH) announced the seasonal vector-free season for the whole of Hungary in connection with the bluetongue disease – agrarszektor.hu wrote. Measures taken since the...
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Magazine: When buying ham, shoppers prefer branded products
In March-April 2017 combined volume sales of the ‘smoked meat’ and ‘smoked-cooked meat’ categories amounted to 3,944 tons, 6.7 percent more than in the same period of 2016 – reported...
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(HU) Márciusban a csúcshoz képest kissé csökkent a GKI konjunktúraindexe
Sorry, this entry is only available in HU....
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Manufacturers of sweets are expecting the same amount of traffic as last year
The Association of the Hungarian Confectionery Manufacturers (MÉSZ) expects a similar Easter traffic as in last year, Sánta Sándor, chairman of the association told MTI. The association referred to the...
Read moreThe Pénzügykutató Zrt. improved its growth forecast this year to 3.9 percent
The Pénzügykutató Zrt. improved its growth forecast this year to 3.9 percent from the previously predicted 3.7 percent, and the momentum, albeit with a moderating dynamics will remain in 2019,...
Read moreNGM: retail sales are growing steadily for 55 months
Retail turnover has been growing steadily for 55 months – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel, commenting on the latest...
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Media Council: the channels are repeating the advertisements more often
The trend observed earlier continues. Less advertisements are repeated more often by the channels, according to a survey of the media council on new advertising spots published in the second...
Read moreA strategic agreement was signed between the Ministry of Agriculture and the Beekeepers’ Association
A strategic agreement was signed between the Ministry of Agriculture and the Beekeepers’ Association. The document on the cooperation of the further development of the sector was signed on Friday...
Read moreModern pig slaughter and processing plant from three billion HUF in Sárrétudvari
In its category it will be the most modern cutting and processing plant in Central Europe – the Minister of State responsible for Agricultural Rural Development announced at the foundation...
Read moreHungary’s original wine map is being prepared in Szerencs
The staff of the wine laboratory of Szerencsi Diagnosticum Zrt. are preparing the country’s original wine map. To the 1.7 billion HUF laboratory development and the production of the wine...
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Trademarked producers
Nearly a thousand food products, hotels and restaurants, a handicraft product have a national park trademark in Hungary – the Minister of Agriculture said in Miskolc on Saturday. Fazekas Sándor...
Read moreBureaucracy may be reduced in crop production
The National Arable Crop Production and Supply Industrial Board of the National Chamber of Agriculture (NAK) was established. Petőházi Tamás has become the chairman who is also the deputy chairman...
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