Market News
KSH: retail sales have increased even more than previously announced
In January, retail sales volume grew by 7.8 percent year-over-year, according to the raw and calendar effect adjusted data, according to the second estimate published by the Central Statistical Office...
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Fidelity: growing optimism in Europe
European companies are back from years of cost control and consolidation. With the winds of global growth in their sails, they are making the most of ultra-cheap funding costs, growing...
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Risky poultry import poses a food safety risk
The free-trade agreement between the European Union and the South American MERCOSUR countries could not be established until the recent Brazilian meat scandal was investigated by the authorities – Erdős...
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A municipal meat processing plant was opened in Hajdúböszörmény
A municipal meat processing plant was inaugurated in Hajdúböszörmény on Wednesday. The 268 million forints investment was supported by the Ministry of Interior under the Public Employment Program with 238...
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A program to be launced for children to reduce food waste
The National Food Chain Safety Office (Nébih) is launching a program for the kindergartens and schoolchildren for the prevention of food waste – the Minister of State responsible for Food...
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We spend three to five thousand forints per child for toys at Easter
Hungarian parents this year typically spend 3-5 thousand forints each year for toys during Easter. Usefulness, price and quality are the most important aspects. From the recent research of the...
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They are encouraging an economical approach on the World Water Day
Currently, two billion people are drinking contaminated water every day, so therefore on the occasion of the World Water Day, people are encouraged to an economical approach – Juhász Árpád,...
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KSH: the census of orchards will begin on 14 February
The Central Statistical Office (KSH) carries out a fruit plantation census between 14 and April 16 February – Tóth Péter, Adviser to the Agricultural Statistical Department of the Central Statistical...
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Magazine: Health-consciousness is spreading in the fruit juice market
In the summer period demand increases for juices with low fruit content, while in winter the products with higher fruit content are popular. According to Gábor Ivády, commercial excellence leader of Coca-Cola...
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Nielsen: ham and chocolate sales accelerated
The domestic retailers reached a two-digit increase in value in the 2017 Easter season, in terms of ham and seasonal sweets. In March-April 2017, Hungarians spent over 8 billion forints...
Read moreFazekas Sándor: the production safety of Hungarian farmers is guaranteed
Hungary has successfully defended the interests of the Hungarian farmers at the meeting on the future of the common agricultural policy. The EU agriculture ministers have made decisions that provide...
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Economic growth in the EU is accelerating this year
The European Commission (EB) forecasts a faster growth, even higher than last year’s outstanding economic performance. Instead of the previously forecasted 2.1 percent increase a 2.3 percent growth is expected...
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NGM: operators of food and drink machines have to install the so-called automated control unit by 1 July
Businesses operating food and drink vending machines must install the so-called automated control unit by 1 July, which will enable the National Tax and Customs Office (NAV) to track the...
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A food safety alert was issued due to a bitter apricot kernel diet supplement
The Dutch Authority issued an alert for a bitter apricot kernel diet supplement, (which was shipped to 12 EU Member States, including Hungary) due to a higher content of cyanide...
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The value of last year’s agricultural exports is expected to be record high
Last year’s export of agricultural products is expected to be record-breaking. In the first 11 months of the year, agricultural export exceeded the 2016 level by 8 billion euros (2400...
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GKI: The Hungarian economy before elections
Although Hungary’s GDP expanded slightly faster than expected in 2017, by 4 per cent and considerably faster than the EU average, its growth rate was moderate in the CEE region....
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Earnings increased significantly at the beginning of the year
In January, gross and net average earnings were 13.8 percent higher than a year before, which is a six-month peak. Growth was affected by the 8 percent increase in minimum...
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FM: results in the fish sector can be achieved through co-operation
Udvari Zsolt, head of the Department of Fishing and Fisheries Management at the Ministry of Agriculture (FM) said that the results in the fish sector can be achieved through the...
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Easter can bring a lot of turnover to the toy stores
Easter can bring nearly one-fifth of the annual sales revenue on the gaming market, which is the second busiest period after Christmas – Világgazdaság Online wrote. The value of the...
Read moreConsumer sentiment improved in the United States
Consumer confidence improved in the United States in February. The US households are more hopeful to the current and prospective situation of the economy – according to the regular monthly...
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EU agricultural subsidies will be linked to performance targets
The EU’s Common Agricultural Policy (CAP) fundings should be linked to progressive and essential performance targets, according to the European Court of Auditors – agrarszektor.hu wrote. According to the Luxembourg-based...
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Animal breeders can prepare for huge changes after 2020
The Council of Agrarian Ministers met in Brussels on Monday and adopted a resolution on the post-2020 Common Agricultural Policy – agrarszektor.hu wrote. The farmers can prepare for huge changes...
Read moreThe Jedlik Prize is a recognition of the entire wheat breeding community.
The Jedlik Prize is the recognition of the work of the whole wheat breeding community. The result is not a single man’s work; the new plant varieties are created by...
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The number of employed people in the EU and in the euro area broke records again
In October-December last year, the number of people employed in the European Union and in the euro area rose to a new record for the fourth consecutive quarter, indicating that...
Read moreConsumer confidence has decresed in Germany
Germany’s consumer confidence deteriorated more than expected by the experts – according to GfK’s survey released on Wednesday. The consumer sentiment mood of the Nuremberg Market Research Institute in March...
Read moreIncrease on the alcohol-free beer market
According to the preliminary data of the Association of Hungarian Brewers, the consumption of non-alcoholic beers in Hungary has risen in the past year. The 25 percent growth far exceeds...
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Magazine: Rising dairy product prices
According to the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR), a forecast by German food economics research centre IFE predicts that the European Union’s milk...
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Pork consumption increased as a result of VAT cuts
Pig meat consumption increased by about 2.2 kg per capita in Hungary per person according to the data of the Central Statistical Office (KSH). The increase in consumption is mainly...
Read moreNébih African swine fever in the eastern neighborhood of Hungary
The Romanian Animal Health Service detected African swine fever (ASF) about 4 kilometers away from the Hungarian-Romanian border. Due to the outbreak, some Hungarian border towns had to introduce animal...
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EU school meal program: 30 million children received healthy food last year
About 30 million children received fruit, vegetables and milk in the 2016-2017 shool year through an EU school meal program across Europe – the European Commission reported on Thursday. According...
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