Market News
The sowing area of rapeseed may be similar to last year’s
Rapeseed can be harvested in the country on 250-260 thousand hectares this year, which represents the same amount of crops as in 2016 – agrarszektor.hu wrote. Compared to last year,...
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The number of employed people in the EU and in the euro area broke a record again
The number of employees in the European Union and the euro area rose to a new record in April-June for the second consecutive quarter. According to a report released on...
Read moreLife in Germany is more expensive
Inflation further accelerated in August, according to the final data published by the Federal Statistical Office (Destatis) on Wednesday. The data correponds to the forecasts. In August, consumer prices were...
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GKI’s economic sentiment index remained close to its peak in August
GKI’s economic sentiment index reached its historic peak in July. It decreased slightly in August, within the statistical margin of error. According to the empirical survey conducted by GKI with...
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Tell us a story!
Consumers born before the year 2000 are more and more interested in the story behind a good wine. A good story and stylish bottle labels can boost wine sales. For...
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Baker Association: the baking industry is in a bad position
The bakery industry is urging the establishment of a support system similar to other food sectors, such as baking companies, after the sector’s reserves are depleted, the majority of businesses...
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Two million tons of vegetable production is expected
This year’s vegetable production is expected to be two million tonnes, which is 5-10 percent more than last year. Dessert corn can break records – agrarszektor.hu wrote. The volume of...
Read moreThe beekeepers may receive tax exemption
The draft report made by Erdős Norbert, Member of the European Parliament proposes tax exemption in all Member States for the beekeepers – agrarszektor.hu wrote. According to the findings of...
Read moreEquilor: 3.7 percent growth and 2.4 percent inflation is expected for this year
According to the analysts of the Equilor Befektetési Zrt. (Equilor Investment Ltd.) this year, 3.7 percent economic growth and 2.4 percent inflation are expected in Hungary, Szántó András, director of...
Read moreThe MAGOSZ appoints Győrffy Balázs as the head of the agrarian chamber again
The Hungarian Association of Hungarian Farmers and Cooperatives (MAGOSZ) has submitted a list of candidates to the National Chamber of Agriculture (NAK) in November, whereby Györffy Balázs is again nominated...
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FM: Fazekas Sándor is in talks with agricultural cooperatives in China
Minister of Agriculture Fazekas Sándor is in talks on agricultural cooperation with his Chinese counterpart, and with several local leaders – the Ministry of Agriculture (FM) told MTI on Tuesday....
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Italian Ambassador: Italy will become Hungary’s third largest business partner
Italy will become Hungary’s third-largest business partner this year – after Germany and Austria – as trade flows between the two countries can reach 10 billion euros in 2017, Italy’s...
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Analysts: inflation in August accelerated as expected
Inflation accelerated in August in line with the expectations – according to macroeconomic analysts interviewed by MTI – but despite the accelerating processes, there is no change in monetary policy....
Read moreFM: a huge amount of Hungarian grain can be exported
Hungary’s grain supply has been assured despite lower annual results, compared to last year’s record, and a huge amount can be exported as well – Nagy István, Parliamentary Minister of...
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The milk and meat yield of the Hungarian multicolored cattle have improved
The milk and meat yield of the Hungarian multicolored cattle are gradually improving since 2010. The Association of Hungarian Breeders is planning a genomic selection program to further improve the...
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Free training to be launched for poultry breeders
The National Chamber of Agriculture (NAK), in co-operation with the Poultry Product Council, will start training for poultry holders who do not have a special degree, and want to make...
Read moreThe Hungarians are interested in the new technological revolution of Internet
The world is expected to change a lot in the next few years, as the era of the 5G technology is about to emerge. And what does this mean to...
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GDP growth in the EU and the euro area accelerated in the second quarter
GDP growth in the EU and the euro area accelerated in the second quarter on quarterly base – according to not definitive figures. The European Union’s statistical office, Eurostat, said...
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NFM Minister of State: irregular product demonstrations can be repressed with tighter regulatory cooperation
With the help of more stringent official cooperation, irregular product demonstrations can be repressed. The government, in addition to the police and the tax authorities, also counts on the work...
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Átadták Vác első elektromosautó-töltőállomást
Átadták Vác első elektromosautó-töltőállomását, amelyet a városban még három, a következő másfél évben pedig országosan 300 villám- és gyorstöltőállomás fog követni – mondta a Nemzetgazdasági Minisztérium (NGM) gazdaságfejlesztésért és -szabályozásért...
Read moreKSH: Consumer prices rose by 2.6 percent in August
Consumer prices were on average 2.6 percent higher in August than a year before. Compared with July, consumer prices grew by an average of 0.1 percent, according to the Central...
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Global food prices decreased in August
Global food prices fell in August. The Food and Agriculture Organization’s (FAO) index decreased by 1.3 percent to 176.6 points from the previous month’s 178.9 points. ; In the three...
Read moreFM: 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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