Market News
The majority check whether the food is Hungarian
The vast majority of the respondents prefer Hungarian food rather than foreign products – the survey of the Research and Marketing Institute of the Budapest University of Economics (BGE) reveals....
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EU Directive confronts banks with new challenges
The first Payment Services Directive (PSD) introduced the SEPA bank transfer standard that is currently valid throughout Europe in 2009. The second to open up the banking market is now...
Read moreThe yield of corn and sunflower is smaller this year in Békés county
Due to the droughty summer, yields of both crops are lower than usual – the Békés County Harvest Coordination Committee determined at its meeting. Adamcsik László, a member of the...
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ALDI Hungary joins UN programme
ALDI Hungary is the first retail chain from the country to join the United Nations Global Compact (UNGC) initiative, the world’s biggest sustainable and responsible corporate management programme. The ALDI SOUTH...
Read moreQuality meat dishes for children in need
Hungarian Product Grand Prize winner Mar-Ne-Váll Kft. donated 2,000 portions of meat dishes to the children who regularly participate in the trainings of the Hungarian Maltese Charity’s sport club. The chicken breast...
Read moreTwenty-one new OMV petrol stations
Since early last year more than 20 new OMV petrol stations opened in Hungary. Since August 8 former Avanti filling stations have transformed into OMV units. At the moment the OMV chain...
Read moreTesco: another salary raise
In mid-August Tesco announced the third phase of this year’s salary increase programme: from 1 September almost every full-time store and logistics centre worker will earn a gross HUF 11,000...
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Henkel introduces new skin care brand
Authentic Swedish skin care brand Barnängen is now available all over Europe with its stylish skin care products. The brand was established by Swedish wholesaler Johan Wilhelm Holmström in 1868. Barnängen products...
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FruitVeB: there is still a large reserve in the Hungarian vegetable and fruit sector
In the Hungarian vegetable and fruit sector there are large reserves. The Hungarian production level is only 30-40 percent of the production level of Western Europe, competitiveness can be achieved...
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Eurostat: European coffee production grew by 10 percent in 10 years
In 2016, the European Union (EU) imported nearly 3 million tons of coffee, 10 percent more than 10 years ago. Imports amounted to 6.9 billion euros, Eurostat said in a...
Read moreThe Borászok Borásza Foundation announced a Scholarship Program
The Borászok Borásza Foundation (The Winemaker of Winemakers Foundation) announced a Scholarship Program for Young Wine Producers. The winner of the one million forint scholarships can take part in foreign...
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According to a survey people buy more with a credit card in the summer
The number of foreign bank card purchases grew by more than 30 percent in the summer, with a rise of nearly 32 percent in value. The value of domestic...
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Domestic SMEs would conquer new markets
The domestic SMEs are looking for market opportunities. Four out of ten companies want to conquer a new market with their existing products, and more than twice as many of...
Read moreBudapest Airport: Air cargo traffic has grown to record high in Budapest
The turnover of air cargo at the Liszt Ferenc International Airport has increased in a record extent. The already announced capacity-building investments continued at the airport – the Budapest Airport...
Read moreRetail sales in Germany were less than expected in August
Retail sales in Germany increased slightly less than expected in August, in a year-on-year, comparision. Instead of the expected increase in monthly sales a decline was measured. According to preliminary...
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GKI: Forecast for 2017-2018
Following the continuous spectacular expansion in investments in the second quarter of 2017, GKI raised its GDP forecast for 2017 from 3.5 per cent to 3.8 per cent, and it...
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OMÉK: the milk truck received an audience award
The 78th National Agricultural and Food Exhibition and Fair (OMÉK) held between 19-24 September 2017 was ended with a great recognition for the Milk Interprofessional Organization and Product Board. The...
Read moreFarmers can apply for consultancy support again
Farmers can apply for subsidized consultancy support again this autumn – the president of the National Chamber of Agriculture (NAK) announced on Thursday at a press conference in Budapest. Győrffy...
Read moreThe Digital Consumer Protection project has started
The Digital Consumer Protection project has started. The project is implemented by the Hungarian Government Development Agency (KIFÜ) and funded by the European Union with subsidy of 1,687 billion HUF....
Read moreIt will be a real sensation to find the super-tomatoe
Scientists are working on cultivating tomatoes in an experimental plantation in Israel, which can produce high yield, with a 90 percent lower water consumption. Unusually drought-tolerant types of tomatoes are...
Read moreGfK: consumer sentiment in Germany has deteriorated
The German citizens assess their economic prospects slightly more worse than in the previous month, according to a consumer sentiment index of the GfK Market Research Institute published on Thursday....
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The European Commission has approved an investment package that supports environmental protection
The European Commission approved a 222 million euros investment package covered by the EU budget on Thursday that that supports environmental protection and climate policy program called LIFE for a...
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Blackmailer threatens with food poisoning in Germany
One or more blackmailers have threatened to poison food products in shops in Germany and elsewhere in Europe, unless they are given millions in cash, police warned on Thursday. Authorities...
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A small-scale production guide was prepared for good hygiene practice
A small-scale producer guide was prepared for good hygiene practice for food production and marketing, which is available free of charge on the website of the Ministry of Agriculture (FM),...
Read moreCzerván: less corn is expected to grow this year
This year, less corn is expected to grow. The yield per hectare is below the record level of 2016, the Minister of State of the Ministry of Agriculture (FM) said...
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FM: the export of beef and rabbit meat to Singapore may soon begin
Hungary’s export of beef and rabbit meat to Singapore may soon begin – Fazekas Sándor, Minister of Agriculture said, after a meeting with Lawrence Wong, head of the Singaporean National...
Read moreHungarian households are more and more optimistic
According to internationally representative research carried out by teh Provident Pénzügyi Zrt. (Provident Financial Co.) and its parent company the International Personal Finance (IPF), one third of Hungarian respondents have...
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Rural development projects were announced in a value of almost 1000 billion HUF so far
The Rural Development Program (Vp) announced applications worth 969 billion HUF, about two-thirds of the 1300 billion HUF budget – the Minister of State of the Prime Minister’s Office in...
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