Market News
Viticulturists 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...
Read moreHow the Hungarians shopping and work around the house
A new survey reveals how we are preparing for the last months of the year and that we are getting more comfortable in both shopping and work around the house....
Read moreFM: greening and environmental protection are a priority
The European Union faces new environmental challenges, so the new Common Agricultural Policy has a high priority on greening and environmental protection – the Ministry’s Communication quotes Nagy István, Parliamentary...
Read moreHENT: the users of internet contents should be educated to be conscious consumers
The users of internet contents should be educated to be conscious consumers – Horváth Péter, Counselor of Counterfeiting Counsel (HENT) told M1 news channel on Thursday. He said: although it...
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The Hungarian Export Day series of events started
The Hungarian Export Day program was launched in Győr – Exim told MTI on Thursday. The roadshow organized by Exim aims to provide up to date information on the current...
Read moreCorporate governance is a key issue for competitiveness
The role of corporate governance is decisive in competitiveness as corporate executives can do a lot for the efficient management of resources – Pleschinger Gyula, president of the Hungarian Economy...
Read moreNGM: retail is expanding for 51 months
Retail sales have been rising steadily for 51 months – Pomázi Gyula, Deputy Minister of State of the Ministry of National Economy (NGM), told M1 news channel on Tuesday, commenting...
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Hungarian buyers bought 68 billion forints worth of goods from direct sellers last year
Through direct salesmen, 68 billion forints worth of goods were sold in Hungary last year, according to the data of the Direct Sales Association (DSA). As a buyer or entrepreneur,...
Read moreFM: The government is trying to produce better quality food
With its Food Chain Security Strategy , the government seeks to develop better quality food, develop consumer awareness and increase the efficiency of official activity, Nagy István, Minister of State...
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