Market News
Agricultural Chamber: Hungarian pork is safe
The Hungarian pork is safe, even after the appereance of the African swine fever, as the strict animal health and food safety rules exclude the infection, and the virus that...
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Nielsen: Barbecue sausage is the hit product of the garden parties
The market for barbecue products is incresing significantly between May and August. The turnover of both grilled sausages and grilled cheese reached a double-digit growth in value between February 2017...
Read moreOrbán Viktor has completed consultations on the formation of his new government
In accordance with a request from President of the Republic Áder János, Prime Minister Orbán Viktor has been holding consultations on the formation of his new government in the past...
Read moreHNT: wine prices can grow
The National Council of Mountain Villages (HNT) expects wine price increase, due to the rising foreign demand and rising production costs. According to the organization’s announcement published on Thursday, last...
Read moreEuropean Commission: the growth of the Hungarian economy will remain strong in 2018
The growth of the Hungarian economy will remain strong in 2018, but it is expected to slow down in 2019, as the construction industry’s opportunities will be more limited and...
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Kibérelem.hu – Fill it with business!
A brand-new, innovative entrepreneur and community-friendly website started to operate in the partnership of the Budapest Municipality and the Budapest Chamber of Commerce and Industry. In Budapest, it is a...
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Eurozone’s inflation was lower than expected in April
Eurozone’s inflation was worse than expected in April, according to the preliminary figures published by the European Union’s statistical office (Eurostat), published on Thursday. Consumer prices increased by 1.2 percent...
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The Indonesians replace beef with import buffalos
Indonesia has set an ambitious economic goal. The South East Asian country wants to be completely self-sufficient from cattle – origo wrote. However, the issues of cattle breeding are causing...
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Alcohol prices jump in Scotland
Due to the law – adopted by the Parliament in Edinburgh six years ago, but introduced only on Tuesday, due to lengthy legal encumbrances – on the minimum price of...
Read moreEuler Hermes: prosperity continues in food retailing
Growth in consumer demand drives the growing sales of retail chains, but a number of risk factors are gaining momentum in the Hungarian market – the latest industry analysis of...
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PayPal – in Hungarian
PayPal is a global online payment, sending and receiving platform. Since its launch in Hungary, PayPal has launched a number of innovative payment solutions that make online payments easier and...
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MLBKT: the April Purchasing Manager Index continued to increase but slowed somewhat
The seasonally adjusted value of the Purchasing Manager Index (PMI) in April was 53.3 points, lower than the 57.0 points of March and the seventh highest April value – the...
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BalatonBor: more than ever wineries have joined to the regional wine brand this year
With the participation of 28 wineries from the North and South Balaton, the third vintage of the BalatonBor (BalatonWine) the wine community brand of the region was prepared. The BalatonBor...
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When to apply the minimum tax
In recent years there has been a significant increase in the number of companies that may be affected by the so- using minimum income (profit) rules. What exactly is the...
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Involvement of a trustee
The problem of company succession affects the Hungarian family businesses nowadays, because most of these companies were founded in the time of the regime change. How can a company’s owner...
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The National Ice Damage Mitigation System operates from 1 May
The National Ice Damage Mitigation System is operated from 1 May. The National Ice Damage Mitigation System does not imply any additional obligations for farmers, as it is funded by...
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Economic growth has slowed down in the EU and in the euro area as well
Economic growth has slowed throughout the European Union and the euro area in the first quarter of this year both in annual and monthly comparisons, according to a report released...
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The Nébih withdraw more than two tons of unmarked animal by-products
The Nébih withdraw more than two tons of unmarked animal by-products, 530 kilograms of untraced meat and meat products from circulation at a small-scale producer in Pest county and filed...
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Salad is produced in an underwater glasshouse
Italian scientist produce plant species such as basil, lettuce and strawberries in a greenhouse eight meters under the sea level. The aim of the project that is in pilot stage...
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Bananas with edible peel was developed in Japan
A Japanese farm developed bananas with edible peel. The proccess was to slowly cooling the growth cells of the fruit to minus 60 degrees and then thawing them. The researchers...
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Businesses continue to face a challenging economic environment
Driven by market uncertainties and declining economic growth forecasts, many companies are struggling to maintain margins. With fewer remaining opportunities for cost-cutting, many businesses are now focused on opportunities in...
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KSH: number of employees increased by 67 thousand in one year
In January-March 2018, the average number of people employed was 4 million 435 thousand, 67 thousand ie 1.5 percent more than a year before, the Central Statistical Office (KSH) reported...
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The number of sheep has risen
The Association of Hungarian Livestock Farmers has published the sheep and goat sector status report – agrarszektor.hu wrote. As it is written, the number of sheep farms and sheeps increased...
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FruitVeB: strawberry crop will be better this year
Winter and spring frosts did not cause any material damage to the strawberries in Hungary this year. The farmers, like in the years of favorable yields, can harvest about 15,000...
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K&H most of the investors save only annually
About quarter of the investors are savings monthly and 80 percent of them pay attention at least once a year to save some money – according to a survey of...
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Nébih ordered the withdrawal of contaminated spice cumin
The National Food Chain Safety Office (Nébih) was informed of atrophic food poisonings. The findings revealed that the patients had eaten spice cumin-containing food. The National Food Chain Safety Office...
Read moreRetail sales decreased in Germany
Instead of the expected a growth, retail sales in Germany decreased in March, in a monthly comparision. The German Federal Statistical Office (Destatis) on Monday announced that retail sales fell...
Read morePork meat exports may decline temporarily
The infected wild boar in Heves County caused panic at the Germans, but worse: it closed the Japanese market as well. Serbia, Japan, Taiwan, Singapore, South Korea and Belarus have...
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The authorities withdrew almost 105 tons of food products in recent months
Almost 105 tons of fake or unknown origin foods and 7,000 liters of alcoholic beverages were withdrawn by the Hungarian authorities during the OPSON VII International operations against food counterfeiting...
Read moreAdditional VAT cuts and increased efficiency are needed in the food industry
The food industry operators felt greater government attention between 2014 and 2018, but the performance of the sector is still below EU competitors. Professionals say that without the development of...
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