Market News
FM: The Hungarian food exports to Brazil are expanding
Twenty-one beef and pork processing companies and dairy farms have acquired export licenses to Brazil, and six other Hungarian companies can send more products to Brazil. According to a statement...
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The Agricultural Marketing Centre and the Hungarian Precision Industry Management Association have signed a cooperation agreement
Daróczi László, Managing Director of the Agricultural Marketing Centre (AMC) and Milics Gábor, Chairman of the Hungarian Precision Economy Management Association (PMGE), signed a cooperation agreement on the opening day...
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Record braking performances in the euro area
The most dynamic performance increase of the past 12 years occured in the euro area’s economy in January, according to the preliminary survey of the IHS Markit Economics Institute, published...
Read moreEurostat: the Union’s tourism continued to grow in 2017
The number of guest nights spent in hotels in European Union member states continued to grow in 2017, exceeding 3.2 billion, which is an increase of 5.1 percent compared to...
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Magazine: Nectar consumption grew the fastest
In 2016 the per capita consumption of 100-percent fruit juices was 4 litres/year, nectar consumption was at 1.2 litres and annual fruit drink consumption was 20 litres per person –...
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The dairy sector calls for VAT reduction and increased controls
By the end of last year, the domestic dairy market has stabilized. The buying-in price of raw milk per kilogram exceeded 100 HUF, and developments have started at several processors....
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There is still a reserve in Hungarian sunflower
Although the volume of sunflower decreased by 2 million tonnes to 45 million tonnes globally last year, there is still a strong demand for the plants. Hungarian farmers also performed...
Read moreThe IMF has improved its global economic growth forecast for 2018 and 2019
The International Monetary Fund (IMF) upgraded its global economic growth forecast for this and the next year in its update of the World Economic Outlook (WEO), which was published on...
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Hungarian fruit types are planted by MKSZN in Ukraine
As early as autumn this year, the export of Hungarian fruit types – saplings, cultivation technology and expertise – will start to Ukraine, according to a bilateral agreement signed by...
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Four thousand of 160 companies already have a Hungarian Product trademark
The Ministry of Agriculture (FM) continues to cooperate with the Magyar Termék Nonprofit Kft., whose trademarks can be found on about four thousand products of almost 160 companies already. According...
Read moreTraditional foods have to be produced with the most modern technology
Hungary insists on traditional foods, but these foods have to be produced with the latest technologies – Fazekas Sándor Minister of Agriculture said on Saturday in Berlin at the Global...
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A safe dietary supplement program starts
The safe dietary supplement program will be launched in the pharmacies from February, so in the pharmacies with the trademark of the safe dietary supplement program the consumers can buy...
Read moreNébih: African swine fever has appeared near the Ukrainian-Hungarian border again
African swine fever virus has been reported by the Ukrainian veterinary authority. The virus was found in a wild boar, shot in the Beregszász district. The animal was shot 8...
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Compared to its year end peak, GKI’s economic sentiment index improved slightly in January
Compared to its historical peak at the end of 2017, GKI’s economic sentiment index advanced in January within the statistical margin of error. According to the empirical survey conducted by...
Read moreThe 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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