Market News
KSH: agricultural producer prices have continued to accelerate
In September, the prices of plant products increased by 4.0 percent, while the livestock prices increased by 7.9 percent. The agicultural producer prices were 5.5 percent higher than in the...
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A Hungarian innovation, the TájGazda quality certification system can participate at an international application
The Veritas Cultural Association’s Origin and Quality Certification Scheme received a national award at the Quality Innovation Award 2017 application of the European Quality Organization’s (EOQ) Hungarian National Committee, so...
Read moreHarvesting is coming to an end soon
This year’s harvest is about to end. Slightly more than 10 million tons of autumn crops were harvested this year, compared to last year’s 12.3 million tons – the Minister...
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NAK asks for support for small-scale horticulturists
The storm at the end of October caused massive damages to the foil tents throughout the country, causing many small farmers to go bankrupt. The National Chamber of Agriculture has...
Read moreRetail sales increased in the United States
In October, retail sales increased slightly in the United States, according to a statement issued by the Census Bureau published on Wednesday. Retail sales increased by 0.2 percent in the...
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KSH: GDP rose by 3.6 percent in the third quarter
The Gross Domestic Product (GDP) increased by 3.6 percent in the third quarter, compared to the same period of last year. Growth was 3.8 percent calendar effect adjusted, according to...
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The first independent, comprehensive survey on the Hungarian drinking beer habits has been released
The survey focuses on quality beer culture, beer knowledge and consumption habits and wants to map out the Hungarians’ beer relations. The research runs together with the Beer of the...
Read moreViticulturists and winemakers will receive 45 billion HUF
A total of over 45 billion forints (ie 29 million euros a year) EU funds are available to support the grape and wine sector in the five-year period lasts until...
Read moreThe traces of “the oldest wine of the world” were found in eight thousand years old pots
Canadian scientists found 8,000-year-old pottery fragments that have revealed the earliest evidence of grape wine-making. The jars containing wine compound residues that were found in two sites south of the...
Read moreThe German economic sentiment continued to improve
The German economic sentiment of the Mannheim-based ZEW Institute for Economics increased to a record peak in November. The survey also showed an improvement in the perception of prospects in...
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Eggs with a trademark offer safety
Hungary’s egg market was also affected by the Fipronil scandal, because then country produces only 75 percent of the eggs it consumes. Contaminated eggs were pulled from the market, which led...
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Magazine: GKI calculates with better-than-expected years to come
Due to the great rise in the level of investments in the 2nd quarter of the year, GKI raised its growth forecast from 3.5 percent to 3.8 percent for this year...
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AMC: Community agri-marketing is the future
The domestic companies have realized that they can only survive on the market by promoting their products not only with high quality, but with targeted marketing actions and by higlighting...
Read moreThe IMF has improved its forecast growth for the Hungarian economy
The IMF has raised its annual growth forecast for Hungary this year by 0.3 percentage points to 3.2 percent in its autumn regional economic forecast from the 2.9 percent forecasted...
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The Hungarian Post has expanded its logistics capacity
In several settlements, the Hungarian Post (Magyar Posta) has expanded its package processing capacity with more than 21,000 square meters this year – the company told MTI. The Hungarian Post...
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European consumer complaint trends
Compared to the number of advertisements published in Europe, the number of complaints in connection with advertisements is low, but the 65,000 complaints give much work to the European Self-Regulatory...
Read moreThe domestic corporate sector has a stable future view
Based on the latest third quarter results of the K & H growth index, the stability of the largest domestic companies is clearly evident. In the following year, 2.3 percent...
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Nádudvari invests billions in development and launches new products
Hungarian-owned Nádudvari Food Kft.’s history started in 2007. The company’s sales were up HUF 1 billion in each of the last four years; this year’s sales revenue is expected to be...
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FM: The sheep population is growing
The sheep population is growing in Hungary year after year, and more and more people deal with sheep breeding – Czerván György Minister of State of the Minister of Agriculture...
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Nébih tested more than 1,000 products under the Szupermenta program
Nearly 20,000 laboratory tests were performed by the National Food Chain Safety Office (Nébih) on 1029 products over the last 3 years under the Szupermenta program. According to Nébih’s Friday...
Read moreThe highest yield per hectare of fodder crops is in Tolna county
The average yield of maize per tonne in Tolna County exceeded eight tonnes. Most of the yield is processed by domestic bioethanol factories. According to the data of the National...
Read moreA cooperation agreement was signed between the agricultural research institutes of the Visegrád countries
A partnership agreement was signed in Budapest on Thursday between the agricultural research institutes of the Visegrád countries (V4) on agricultural research and scientific activities. Fazekas Sándor Minister of Agriculture...
Read moreThe turnover of the German breweries decreased
In the first nine months of the year, the turnover of breweries in Germany declined by 3.1 percent with 2.3 million hectoliters, according to data released by Destatis on Monday....
Read moreThe slaughter of domestic pigs in the Zlín region was ordered due to the African swine fever
The slaughter of domestic pigs in the Czech Republic’s focal point for African swine fever in the part of the eastern Moravian Zlín region was ordered to prevent the spread...
Read moreThe consumer sentiment in the United States decreased
The consumer sentiment in the United States deteriorated slightly in November – shows the usual monthly survey of the University of Michigan. The preliminary results were published on Friday. The...
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Euro area’s GDP grew by 0.6 percent in the third quarter
According to the expectations, the euro area and the European Union’s Gross Domestic Product (GDP) rose by 0.6 percent in the third quarter as reported by the European Union’s statistical...
Read moreThe European Commission is expecting a 3.7 percent growth this year and a 3.6 percent growth for 2018
The European Commission is expecting a 3.7 percent growth in Hungary this year, and a 3.6 percent growth for 2018. For 2019, 3.1 percent economic growth is expected. The European...
Read moreMNB: the inflation indexes also declined in October
In October, while annual inflation declined by 0.3 percentage points to 2.2 percent – according to the analysis published by the National Bank of Hungary (MNB) on Thursday. Indirect tax-purified...
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