Market News
GKI: the balance is worsening slightly, the inflation is accelerating this year
According to the analysis of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), external and internal balance slightly deteriorates this year, inflation is accelerating, but these processes are acceptable in...
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NGM: the government grants a total of 3.24 billion HUF to food automation
A total of 3.24 billion forints subsidies are granted under the NGM’s Decree on the promotion of food automation and food and beverage vending machines. According to the NGM Decree...
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MLSZKSZ: Hungary can be the distribution base of the Chinese container freight
After many years of waiting, the Chinese-Hungarian container freight traffic has started in the last months organized by three Hungarian companies. So far almost 40 trains and about 1,400 containers...
Read moreBeer and more: the MSSZ is looking for Hungary’s best savoury snacks
Within the appliction of Beer and more, the Hungarian Brewers Association (MSSZ) is looking for Hungary’s best savoury snacks in three categories: wheat, lager, semi-brown / brown. The entries received...
Read moreRetail sales in Germany increased less than expected
Retail sales in Germany increased less than expected in June, in an annual comparision, but on a monthly basis, the growth was strong. According to preliminary data released by the...
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The unemployment rate of the euro area is down
The number of unemployed and the unemployment rate fell to its eight year nadir in June in the euro area, which shows that Europe’s economic recovery is intensifying further. The...
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Sága Foods to spend 600 million forints on development this year
Sárvár-seated company Sága Foods Zrt. plans to spend HUF 600 million on development this year, mainly investing in the modernisation of packaging and ham production. The objectives are to make...
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Farm development programmes are coming
Funding opportunities in this year’s Farm Development Programme have been announced in June. The programme’s budget is HUF 225 million and the details are available to prospective applicants on the...
Read moreDiscussions to start between vine-growers and the ministry on purchasing prices and contracts
The Ministry of Agriculture (FM) and the Hungarian Association of Grape and Wine Producers (MSZBSZ) to start discussion on grape purchasing prices and contracts – the Ministry of Agriculture (FM)...
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Garantiqa: the small businesses would be develop from EU sources
In the next year, nearly a quarter of the Hungarian micro-enterprises and 41 percent of the small businesses plan to apply for EU funds – according to a surveys of...
Read moreIncreased road traffic controls to start from Monday
The National Tax and Customs Office (NAV) is launching a series of inspections from Monday until September 20, within a nationwide action in which the finance guards will observe the...
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One can pay with the old 2000 and 5000 HUF banknotes until Monday
One can pay with the old 2000 and 5000 HUF banknotes until Monday, because at the end of July the National Bank of Hungary (MNB) withdraws them from circulation, from...
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Kiwi is cultivated with large-scale methods in Zala successfully
Kiwi is cultivated with large-scale methods and good business results in Becsehely, Zala County successfully. From the four-hectare orchard, which is the largest kiwi plantation in Hungary, kiwis are delivered...
Read moreMore than 80 percent of wheat has been harvested in Zala
More than 80 percent of wheat has been harvested in Zala county, the average yield is 15-20 percent lower than in the previous year, the county president of the National...
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Household incomes grew in the EU, but their consumption decreased
The consumption of households in the European Union declined in the first quarter, despite the fact that their income slowed down but increased – Eurostat figures show. The EU’s statistical...
Read moreConsumer sentiment is on its eight month nadir in the United States
The University of Michigan’s consumer sentiment for the United States was revised up to 93.4 from a preliminary of 93.1 in July of 2017 and compared to 95.1 in June....
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FruitVeb: One third of the expected apple crop will have eating quality
In terms of the quality of the expected apple harvest, one third will have eating quality, and two thirds will be industrial raw material – Domján Erika, managing director of...
Read moreThe Ministry of Agriculture helps to ensure consistency between producers and processors
The aim of the agricultural government is to help establish and maintain the harmony between growers and processors in all sectors, including grapes and wine as well, to establish a...
Read moreGrapes are in vigorous condition before the harvest
The vintage begins within weeks. Despite the weather extremes, grapes are in vigorous condition in most of the cultivated areas – according to Syngenta’s panorama. According to experts, attention should...
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KSH: the number of employees is over 4.4 million again
In the second quarter, the average number of employees was 4 million 420,000, 77,000 more than a year before, while the employment rate of the 15-64 year-olds grew by 1.6...
Read moreThe summer harvesting works in Békés were finished
The summer harvesting works have been completed in Békés County, farmers are not expected to make a big profit this year – the secretary of the Békés County Agricultural Producers’...
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The Nébih destroyed four tonnes of meat in a meat factory in Kaposvár
The National Food Chain Safety Office (Nébih) closed a meat factory in Kaposvár, because of its hygiene status. The authority ordered the destruction of 28 kinds of nearly 4 tonnes...
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Destructive fires in agriculture
Until the middle of the summer fires were raging in agriculture on almost three times larger area than in 2016 – Világgazdaság Online wrote. At the end of the week,...
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Sustainable agriculture can mitigate climate change and involuntary migration
Climate change poses a major risk for rural people in developing countries, often leading to distress-driven migration, and bolstering sustainable agriculture is an essential part of an effective policy response,...
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Countries urged to reap benefits of food trade by engaging in standards setting
Participation in the development of international food standards for trade is essential if countries are to reap the benefits of booming global trade and prepare for imminent technological changes, according...
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FruitVeb: The apple crop can be close to the average this year
This year, the FruitVeb Hungarian Vegetables and Fruit Interprofessional Organization and Product Council is expecting 550-600 thousand tons of apple crop that is close to the average. The actual crops...
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Advertising tax reloaded – tax refund or billion HUF fines
In May 2017, the rules of advertising tax changed again, which makes it possible to make a tax refund, but due to the amendments that are in force since January...
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The Nébih seized more than six tons of fish
During the special check on Tisza-based restaurants and groceries, just over a weekend, the National Food Chain Safety Office (Nébih) prohibited the distribution of more than 600 kilograms of fish...
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Fertilizer sales decreases
In June, fertilizer and plant protection product sales continued to decline – Világgazdaság Online wrote. Due to the dry, rainless weather, a fungicidal spraying could be left out by producers,...
Read moreThe neglected vineyards to be removed in areas infected with FD phytoplasma
Public protection is being carried out to protect vineyards in Transdanubia, the neglected vineyards to be removed in areas infected with FD phytoplasma – the National Food Chain Safety Office...
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