Market News
Storm and frost decimates French vine production
French vine production was hit by several bad factors this year: summer frost in Bordeaux, summer storms in Champagne have sprouted grapes, so experts expect a 20 percent drop in...
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OMA AWARDS 2017
Outstanding Merchandising Achievement Awards (OMA) has been rewarding the best in-store displays for more than 50 years. You can see some of this year’s best solutions in the food category. Drinks...
Read moreLondon analysts: the growth of Central European EU economies will slow down next year
According to recent forecasts by London financial analysts, next year’s growth performance will slow down next year and in 2019, as the growth rate of the Central European EU economies,...
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KSH: the number of employees has increased further
In July-September, the average number of employees was 4 million 451 thousand, 60 thousand more than a year before. The employment rate of the 15-64 year-olds grew by 1.6 percentage...
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About 200 kilograms of illegally distributed ragweed products were found by Nébih in Baja
About 200 kilograms of illegally-marketed ragweed pills and grist were found by the experts of the National Food Chain Safety Officers (Nébih) in Baja, the agency told MTI. The authority...
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The French suffer from the lack of butter
Supermarkets in France are struggling to stock enough butter for their customers due to a shortage of the dairy product that’s been blamed on a rising global demand for pastries...
Read moreConsumer confidence has decreased in Germany
German consumers are more pessimistic than expected, according to a survey published by GfK on Thursday. The Nuremberg-based Market Research Institute’s November consumer sentiment index decreased to 10.7 points from...
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Brussels’ VAT return: 150 billion euros losses due to VAT frauds
At the beginning of October, the European Commission (EC) presented a reform plan for the EU VAT law, the main objective is to reduce the scope of VAT frauds and...
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School starting not only burdens the parents’ wallet
At the invitation of eMAG.hu, belonging to the South African Naspers group, GKI Digital sought out the question within the eMAG customer survey: which products were the most popular in...
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The OTP Bank strives to increase its agricultural loan portfolio
The Hungarian agriculture is an important business area for the OTP Bank and therefore strives to increase its agricultural loan portfolio – the bank’s CEO said on Tuesday in Budapest....
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FM: ducks and goose liver can be exported to Thailand by Hungarian companies
The Hungarian companies can transport duck and goose liver, as well as poultry and hatching eggs to Thailand – the Ministry of Agriculture told MTI on Wednesday. According to the...
Read moreHungary stands by the two-pillar EU common agricultural policy
Hungary stands by the EU’s common agricultural policy (CAP). This is the interest of the Hungarian farmers – the Minister of Agriculture told M1 news channel. Fazekas Sándor recalled that...
Read moreLess profit could be left for SMEs
The domestic companies expect a 8.6 percent higher sales revenue than before and a moderate profit growth of 4.5 percent – according to the K&H SME confidence index research. Regarding...
Read moreThe new cooperative form for pensioners is popular
Within three months, 36 Public Interest Pensioners Cooperative were established in Hungary and their number is likely to rise further – Hantos Zoltán, project manager of the OPTEN company information...
Read moreMobile payment is popular in China
The developed countries in the world, such as Sweden, have set themselves the target of becoming a completely cashless nation sooner or later. Although such an economy seems to be...
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No cash from January
Budapest Sportaréna and MasterCard announced in September that the arena’s modernised entry system can now manage QR codes and NFC tickets. A Budapest Aréna smartphone app will also be launched, making...
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System integrators, start testing!
CHS Hungary Kft. opened a training and demo centre on 8 September in Budaörs. The complex houses the latest technological solutions of DELL EMC and gives future buyers the chance to test...
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Our new colleague: artificial intelligence
Accenture Research, with the participation of Frontier Economics, prepared a forecast for 2035 about the influence of artificial intelligence (AI) on the economy. A study done in 16 industries of 12...
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Szuro-Trade develops renewable energy system
Nyíregyháza-based Szuro-Trade Kft. is going to invest HUF 1.34 billion in developing a renewable energy system for drying crops. From the Széchenyi 2020 programme the company will get a HUF 850-million funding. //...
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More than a billion forints for research and development
GOF Hungary Cereal, Oil and Protein Crop Growing Coordination Kft. is investing HUF 1.13 billion in building a factory that will produce gluten-free baking industry mixes in Nyíregyháza. From the project’s budget...
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State Horse Farm in Mezőhegyes to expand next year
Early next year the State Horse and Model Farm in Mezőhegyes will be modernised and expanded from a budget of HUF 8.2 billion. Part of the project will be completed by...
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New-type dietary supplements to be developed in Győr
New-type dietary supplements – they contain medicinal herbs too – will be developed at the Széchenyi István University in Győr. HUF 856.5 million is going to be invested in research and...
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Bio-Fungi plans production capacity increase
Bio-Fungi Kft., one of Hungary’s biggest mushroom growers that produces in Áporka and Ócsa, calculates with a 5-10 percent increase in sales revenue this year. Last year the company’s sales were...
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Krones AG invests in Debrecen
German company Krones AG – the market leader in packaging liquid food and drinks – will invest almost HUF 15 billion in Debrecen. The project will result in 500 new jobs...
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One of Europe’s biggest isomalt factories built in Tiszapüspöki
One of the biggest and most modern cereal processing and isomalt factories in Europe has been built in Tiszapüspöki. From the project’s budget HUF 6 billion was own resources and a...
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The expansion of the seasoning pepper industry in Kalocsa
Kalocsai Fűszerpaprika Zrt. – the market leader in Hungarian paprika production, processing and selling – has invested HUF 267 million in technological development. The Ministry for National Economy granted HUF 133 million...
Read moreTobacco growing creates jobs in disadvantageous regions
This year Hungarian tobacco growers are expected to produce 6,171 tons of tobacco on 3,400 hectares of land. The National Association of Tobacco Growers and NAK have stressed the importance of...
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The Food Book needs to be improved for the benefit of quality baked goods
Participants agreed at a recent conference – organised by the Ministry of Agriculture, NAK, the National Food Chain Safety Office (NÉBIH) and the Hungarian Baker Association – that in order...
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Common mushroom and oyster mushroom are the most popular
Hungary’s mushroom production increased in the last decade: back in 2008 about 18,000 tons were grown, while in 2016 nearly 30,000 tons of mushrooms were produced – revealed a NAK...
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Cooperation can’t be forced
The Hungarian Chamber of Agriculture (NAK) has organised a discussion for food processing enterprises in Hajdúböszörmény, In his keynote speech Balázs Győrffy, president of the chamber told: the HUF 300-billion...
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