Market News
FM: the government supports the tobacco growers
By 2020, the government continues to support the work of tobacco growers in Hungary – the Parliamentary Minister of State of the Ministry of Agriculture (FM) said at the open...
Read moreTargeted funding for domestic winegrowers: a strategic agreement has been concluded between the National Council of Mountain Villages and the Takarékbank
Under the agreement signed at the Budapest Wine Festival, the Takarék Group will develop special credit products and banking services for the sector by the end of December. The Takarék...
Read moreAir freight and passenger services grew in July
According to the data of the International Air Transport Association (IATA) there was a strong growth in the freight and passenger sector in the world in July. According to the...
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K&H: Hungarian SMEs optimistic about revenues climbing
Hungarian SMEs expect their revenues to climb by 8.5% on average over the coming year, according to a survey by K&H Bank, quoted by national news agency MTI....
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Mastercard: 7 percent of the college students regularly pay with mobile wallets
7 percent of college students regularly and 13 percent occasionally pay with mobile wallets., 72 percent of them positively evaluated the new technology, and 1 out of 4 students would...
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Nébih: Acrylamide exceeded the warning level in case of two chips
Acrylamide level exceeded the warning level in case of two chips out of the ten different branded cheese chips tested within the Szupermenta product test. The acrylamide is an organic...
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Interactivity contributes to a better consumer experience
Today 77 percent of the US population owns a smartphone and this influences mobile and online shopping trends. New York & Company has installed self-service kiosks in their shops, where...
Read moreAnalysts: the rise in retail sales may continue in the coming months
Growth in retail sales may continue in the coming months. Takarékbank expects a 4.5 percent, while ING expects a 4.7 percent growth. According to the first estimate published by the...
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Product Council: about 500-550 thousand tons of apple yield is expected this year
Due to the spring frosts, the lack of rain and the warm weather of the past one and a half months this year, only about 500-550 thousand tons of apple...
Read moreThe administrative burdens of the small-scale wineries can be reduced
As a result of the new excise law introduced this year, the administrative burden for small-scale wine producers is expected to decrease by the end of the year, Gál Péter...
Read moreNGM: retail sales is increasing since forty-nine months
The retail sales has been growing steadily for forty-nine months. The growth of July is fitting into this year’s upward trend – Marczinkó Zoltán, Deputy Minister of State of the...
Read moreCounterfeit honey can be dangerous to health, according to professional organizations
Unknown origin fake honey can be a risk to health, according to the National Chamber of Agriculture (NAK) and the National Hungarian Association of Beekeepers (OMME), so they propose to...
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Chamber of Agriculture: not only technology, but the products also need to be developed
Not only the technology but also the products must be constantly developed to maintain and enhance competitiveness, for example, for import substitution – the Food Director of the National Chamber...
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The Minister of Agriculture has ordered increased control of import of poultry meat
The Minister of Agriculture has ordered increased control of imported poultry meat in order to protect Hungarian consumers from contaminated import goods – the Minister told M1 news channel on...
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Magazine: Whole bean coffee makes a return
After the success story of capsule coffee in the last few years, sales of whole bean coffee have also strengthened recently. Raw coffee’s price elevated last year and this could be...
Read moreKSH: Retail sales increased by 4.1 percent in July
In July, retail sales increased by 4.1 percent year-on-year, according to the raw and calendar adjusted data – the first estimate of the Central Statistical Office (KSH) revealed on Tuesday....
Read moreAgricultural Chamber: plum yield will be about 62 thousand tons this year
Approximately 62,000 tons of plums are expected in Hungary this year, this is about half, third of the amount of the early 1990s – the National Chamber of Agriculture (NAK)...
Read moreKSH: GDP grew 3.2 percent in the second quarter
The volume of the gross domestic product (GDP) in the second quarter was 3.2 percent higher than in the same period last year. According to seasonally adjusted and balanced data,...
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The National Agricultural Chamber helps the dairy producers with practical knowledge
The National Agricultural Chamber organizes free dairy professional days in the themes of producing yoghurt, kefir, cottage cheese and goat cheese. The series of programs also provides useful knowledge to...
Read moreThe hail in the Mátra wine region in May caused Brutal damages
The mid-May hail this year hit the Mátra wine region seriously. Damages can be up to 100 million HUF, and a large number of crops were completely destroyed – agrarszektor.hu...
Read moreRomanian retail trade grew by 8.1 percent in the first seven months
The volume of Romanian retail sales grew by 8.1 percent in the first seven months, compared to the same period of last year – the Romanian National Statistical Institute announced...
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Retail trade in the euro area declined in July
In July, the retail turnover of the euro area declined more than expected in comparison with the previous month, according to a statement published by the European Union’s statistical office...
Read moreThe GKI incresaed this year’s GDP projection
The growth of the Hungarian economic was lower in the second quarter than in the first quarter, but still exceeded the EU average and the spectacular growth in investments continued....
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Hungary’s agricultural exports to China increased to fourteenfold
Hungarian pig meat export to China has grown over six years with more than 1400 times, while pen and wine have become major export items as well. According to the...
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New AMC tenders to promote the food industry and gastronomy
In the beginning of September, in the course of 2 new tenders, 90 million HUF non-refundable subsidies can be applied for the promotion of the Hungarian food market and gastronomy,...
Read moreThe Purchasing Manager Index grew in August
The seasonally adjusted August value of the Purchasing Manager Index (PMI) was 56.6 points, the index was higher than the 54.2 points in July and is the second highest since...
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From Friday, you can not use a plastic bag in Brussels’s stores
The legislation prohibiting the business the use of disposable plastic bags in Brussels and the Brussels region enters into force on Friday – the La Libre Belgique Belgian daily wrote...
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GKI: Spectacular expansion of investments continued
The growth rate of the Hungarian economy was noticeably lower in the second quarter of 2017 than in the first one, and it was one of the lowest in the...
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Magazine: Canned hits
The canned food category is undergoing a rapid modernisation process. Products became healthier in the last two years and packaging solutions are now easier to use. Unfortunately, the prices of product ingredients...
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Egg producers using the Koronás Egg trade mark initiated voluntary inspections
Egg producers using the Koronás Egg trade mark initiated voluntary inspections at the National Food Chain Safety Office (Nébih) to certify that no fipronil based insecticides are used on their...
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