Market News
KSH: employment grew in February and April
During the February-April period, the average number of employees was 4 million 445 thousand, 67 thousand more than a year before. The employment rate of the 15-64 year olds grew...
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The Russians love Chinese soy
We are envious of the protein content of American soybeans, Americans envy for Chinese soybeans. The huainan soybean has an excellent nutritional content, just the treatment and cleaning of the...
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Analysts: earnings growth accelerated in January surpassing the expectations
Following the increase in minimum wages and the shortage of skilled workers, the KSH reported on a salary increase exceeding the expectations in January. The pace of growth in earnings...
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European consumers are guaranteed better quality organic food by an EU agreement
The Strasbourg plenary session of the European Parliament agreed on a new system of organic food and organic food labeling. According to the new system under such a trademark only...
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Magazine: Flavours create taste
According to Márta Galácz, managing director of Kotányi Hungária Kft., spice volume sales remained stable in the market, while value sales augmented. Sales developed the most dynamically in the spice mix...
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NAK President: there are still reserves in Hungarian agriculture
“The Hungarian agriculture had successful years, but there are some sectors where there are still big reserves” – the chairman of the National Chamber of Agriculture (NAK) told at the...
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Mushroom cultivation against breast cancer
School Mushroom Growth Boxes, Pink Tray Calling for the Importance of Cancer Screening and Supporting Disadvantaged Families – only a few of the program elements from the Bio-Fungi Kft., the...
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The Hungarian-Vietnamese economic relations are expanding rapidly
Hungarian-Vietnamese trade flow grew by 79 percent in 2017, reaching 357 million USD, while growth remained in 2018 – Varga Mihály finance minister emphasized, after talks on Monday in Budapest...
Read moreConsumer confidence in the United States was weakened in May
Consumer confidence in the United States in May deteriorated moderately in May, according to the regular monthly survey of the Michigan University, whose final results were published on Friday. The...
Read moreBritish agrarian federations will also need EU labor after Brexit
In a joint open letter, the British government has been asked by more than one hundred British federal associations on Monday to ensure that the industry can use EU citizens...
Read moreConsumer confidence has become stronger in the world’s largest economy
Consumer confidence increased in the United States, the Conference Board index improved, after two months it rose again to nearly 18 years in April. The Conference Board’s nonprofit economic research...
Read moreWorld Bank: foreign trade is the easiest from Hungary
Out of the 190 countries, the trading across borders is the easiest in Hungary – according to the World Bank’s Doing Business rankings – mfor.hu wrote. The ranking of the...
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GKI: Consumption of households grows rapidly this year as well
As GDP, earnings and consumption grew faster than previously thought, GKI raised its 2018 GDP growth forecast from 3.8 per cent to 4 per cent. Although the foreign trade surplus...
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Ireland imposes sugar tax on soft drinks
As of 1 May Ireland imposed a tax on soft drinks sweetened with sugar. With this step the government intends to solve the problem of too many Irish being overweight....
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Lower VAT on baked goods would foster technological development
The Hungarian Baker Association welcomes the fact that important representatives of the industry are in favour of cutting the VAT on baked goods to 5 percent. Bakers say they would use...
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Higher quality organic food products
According to new legislation adopted by the European Parliament, only high-quality organic food products will be marketable in the European Union in the future. Each element of the supply chain must...
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Poultry breeders want to start a price guarantee fund
Tibor Zászlós, vice president of the Hungarian Chamber of Agriculture (NAK) has told that the poultry sector can only become more competitive if technological development projects are realised. State funding is...
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More NAK supporting members in neighbouring countries
The Hungarian Chamber of Agriculture already has 144 supporting members in neighbouring countries. NAK president Balázs Győrffy has told at the Consultation Forum for Hungarian Farmers in the Carpathian Basin (KEF)...
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The chamber’s opinion has reached the European Commission
The European Union has been dealing with the problem of Unfair Trade Practices (UTP) in the supply chain for years. Last year the European Commission (EC) started a consultation, and based...
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NAK expands its marketplace search service
Farmers’ markets are increasingly popular: there are 260 of them in Hungary at the moment. On the website of the Hungarian Chamber of Agriculture (NAK) – www.nak.hu – shoppers can use a ‘Marketplace...
Read moreNAK: next rural development program would require a subsidy of 2000 billion HUF
According to the program proposal of the Hungarian National Agricultural Chamber (NAK) aimed at the long-term development of the Hungarian agro-food and food economy, the following rural development program would...
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The rise in earnings lags behind expectations
The rate of rise in earnings fell somewhat behind analysts’ expectations in March. One of the reasons of this was the base effect, that the rate of increase of the...
Read moreCIB: growth is expected to be around 4 percent this year
This year, CIB Bank analysts report an economic growth may be close to four percent, with inflation below three percent, and loose monetary policy – Trippon Mariann, chief analyst of...
Read moreThe turnover of freight transport is exceeding 2000 billion forints in Hungary
Freight transport contributes with about 6.5 percent to the gross domestic product of Hungary, according to the preliminary data. The turnover of the sector exceeded 2000 billion HUF last year,...
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The European Commission has proposed amending the VAT rules and alcohol tax
The European Commission has proposed a modification of the rules on value added tax (VAT) and the reform of EU rules on excise duties on alcohol – the EU commission...
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Nielsen chart of Month
If they have money left after covering the monthly costs of living, 28 percent of Hungarians save money, 25 percent refurbish their homes and about 20 percent pay back debts...
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Milk campaign reloaded
The Ministry of Agriculture, the Agricultural Marketing Centre (AMC) and the Milk Interbranch Organisation and Dairy Board have started their spring milk campaign: a ‘Milk Truck’ will turn up at...
Read moreDemand towards organic products is growing in Europe
Demand is bigger towards organic products in the richer Western European countries, on the one hand and on the other hand, they are more capable of supporting organic farming, which...
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3.1 billion forints remained available on SZÉP cards until the end of May
After Pentecost, the amount remaining to be spent on the SZÉP cards was still around 3.1 billion forints – the card issuing financial institutions informed MTI. According to the rules,...
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Magazine: Energy is flowing
Energy drinks is one of the most dynamically growing alcohol-free drink segments. Coca-Cola HBC Magyarország Kft.’s commercial excellence leader Gábor Ivády informed us that the young generation knows this category well...
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