Market News
Six-star Gallicoop builds packaging plant
Szarvas-based turkey processing company Gallicoop Zrt. invests HUF 1.6 billion (from which 50-percent is state funding) in building a packaging centre. The company, which processes 40,000 tons of poultry meat...
Read moreMagazine: Hungarian turkey meat, Hungarian values
Gallicoop is a company that creates values and in the last few decades the company proved that high quality Hungarian turkey meat can be sold all over the world –...
Read moreCoface upgraded Hungary
Hungary has been upgraded by Coface. The credit insurer justified its decision because of the economic growth and the improvement of the business environment. According to Coface’s Thursday announcement, following...
Read moreEight billion forints for half a million liters of hand and facial creams per year
Nearly 7 billion HUF worth, ie nearly 200,000 liters of face cream was sold in the Hungarian stores; hand cream sales are close to 1.5 billion HUF and 300 000...
Read more
The support of cattle breeders was increased by nearly 10 billion HUF
Regarding to the significant over-demand, the Prime Minister’s Office decided to increase the original 20 billion HUF budget to 29.6 billion HUF and the applications of 552 cattle breeders were...
Read more
Nébih: the epidemic preparedness of poultry holders has improved but not yet enough effective
Although the poultry holders have improved their preparedness for disease control, the overwhelming majority of them continue to meet only the minimum conditions for replanting required by the authority –...
Read moreAnalysts: September inflation is lower than expected
The September consumer price index has become lower than the market expectations, but the increase in core inflation reflects the growing domestic demand, but mostly the growth of the excise...
Read more
FM: the Visegrád and the Baltic countries have stood up for the preservation of EU agricultural subsidies
The Visegrád and Baltic countries jointly agreed to maintain a strong, two pillar common agricultural policy (CAP) on Monday in Luxembourg at the Agriculture and Fisheries Council meeting – the...
Read more
The Vasi wild pear pálinka was given origin protection
The Vasi wild pear pálinka has become an origin protected product, within the Origin Protection Program – the Minister of Agriculture announced at the press conference in Budapest in the...
Read moreThe IMF improved Hungary’s GDP growth forecast for this year and for the next year
The International Monetary Fund has improved Hungary’s GDP growth forecast for this year and next year in its autumn global economic forecast. According to the World Economic Outlook, October 2017...
Read moreDisadvantaged regions can become the engine of developing economies
Disadvantaged regions can become the engine of developing economies. These regions have significant growth potential in food production and other related industries, according to a recent summary of the Food...
Read moreThe giant pumpkin record may be over 900 kilograms
A man from Utah who has loved giant pumpkins since childhood is trying to set a state record for the second time with a nearly 907-kilogram gourd he’s been tending...
Read moreKSH: inflation slowed down in September
In September, consumer prices were on average 2.5 percent higher than last year, after the 2.6 percent of the previous month. Compared to August, prices increased by an average of...
Read moreThree million HUF worth cigarettes were found in a converted car at Beregsurány
About three million forint worth cigarettes were found in a car converted into a smuggler vehicle by the finance officers of the National Tax and Customs Administration (NAV) at the...
Read more
The meat imports expanded by 84 percent
Mostly due to the bird flu the export of Hungarian poultry meat decreased by more than 16 percent in the first seven months of the year. Meanwhile, meat imports expanded...
Read more
KSH: imports in exports increased even more in August
In August, exports in euros were 10.3 percent, imports 13.0 percent more than in the previous year. The trade surplus was 440 million euros, 119 million euros less than in...
Read moreAnalysts: the increase in imports reflects the rise in domestic demand
The 13 percent increase in imports in August reflects the rise in domestic demand, while exports increased by 10.3 percent in line with the August increase of industrial output, according...
Read moreTrade with China can be doubled
By the end of the decade, the volume of trade between the Central and Eastern European region and China could reach 100 billion USD, which is almost twice the value...
Read more
More than half of the Hungarian households are unable to save
Less than half of Hungarian households can save some minimal amount of money and most of them are afraid of unexpected living situations. Young Hungarians are mainly collecting for their...
Read moreSeveral jobs may be terminated within ten years
As a result of digitalisation, more than a dozen jobs may be lost over the next ten years due to technological development. This will mostly affect factory workers, carriers and...
Read moreFree wifi access points to come all over Europe
The European Union will fund the establishment of at least 6,000 free wireless internet access points across the bloc by 2020 under a scheme called WiFi4EU, the European Council said...
Read more
(HU) GKI: A munkanélküliség csökkenése ellenére nem tűnt el a félelem
Sorry, this entry is only available in HU....
Read moreThe Russians expect record grain production
According to Russian President Vladimir Putin, in Russia, this year, about 130 million tonnes of record crops are expected – origo.hu wrote. Russian Prime Minister Vladimir Putin evaluated the grain...
Read moreIrrigation alleviates the risks of extreme weather
The importance of irrigation was discussed by the Minister of Agriculture at Kisújszállás on the occasion of the Tisza Valley Conference on Saturday. Fazekas Sándor said that irrigation has a...
Read moreNGM: Hungary to protect ekáer
The government is doing its best to defend the domestic electronic road traffic control system (ekáer) that is recognized by the European Court of Auditors as well. The electronic road...
Read moreIn trade with Russia, the EU lost 30 billion euros due to the sanctions
In trade with Russia, the European Union lost 30 billion euros due to the sanctions against Russia until 2017, according to a study published on Friday by the Austrian Economic...
Read moreGrowth in retail sales in the Czech Republic accelerated in August
In August, the annual growth in retail sales increased by 4.8 percent from the 4.6 percent of July, the Czech Statistical Office announced on Friday. The number of working days...
Read moreThere has been a significant increase in global air freight and passenger traffic
The global air freight and passenger traffic increased significantly in the eighth month of the year compared to the previous year, according to the latest data of the International Air...
Read more
The euro area PMI has grown
The September value of the composite purchasing manager index in the euro area indicates sustainable economic growth – the London-based IHS Markit Economics Research Institute revealed on Wednesday. The final...
Read more
Magazine: Wieners and frankfurters
Pork’s price grew considerably in 2017, but despite this trend most market players don’t think that wiener and frankfurter prices will increase much in the end-of-year peak season. Zsuzsa Takácsné Rácz,...
Read more