Market News
George Clooney’s 1 billion USD deal with tequila
George Clooney is selling his tequila company to Diageo for as much as 1 billion USD, the company announced on Wednesday – origo wrote. The Oscar-winning actor says the deal...
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Food consumption to be transformed drastically: meat will be eaten with meat
Food production is facing a serious challenge as food demand in the next decades may rise by 70 percent, while significant dietary changes occur. In the future, menu will be...
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The growth in earnings increased further
In April, the gross and net average earnings were 14.6 percent higher than a year before, after the 12.8 percent increase of March. In the first four months of the...
Read moreThe Ministry of Agriculture initiates the increased protection of the soil
The hungarian Ministry of Agriculture initiates the increased protection of the soil in the EU, because more and more countries are having trouble with the reduction of soil fertility –...
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Agraricultural Chamber: early apricot species can be important range extenders
The early apricot species can be important range extenders, therefore early species were showcased to the farmers by the National Chamber of Agriculture (NAK) and the Horticulture Directorate of the...
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Nominating organizations can register for the chamber elections by 15 July
Under the decision of the National Chamber of Agriculture that was born on the 24 May, 2017, the county delegation elections will be held on 3 November 2017. The first...
Read moreThe number of mobile subscribers to expand with billions
In the next five years, the number of mobile subscribers will increase by 2.6 billion. Last year it was 4.4 billion worldwide, according to Ericsson’s June Mobility Report – Magyar...
Read moreGastronomy and wine inspire the artists of the Színes Város Fesztivál this year
Gastronomy and wine inspire artists of the Színes Város Fesztivál (Color City Festival) this year, who are making wall paintings throughout the capital during the one-month festival that ends at...
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In Hungary, the health sector gives nearly 10 percent of the GDP
In Hungary, the healthcare industry, including medicine, herbal medicine, pharmaceuticals and biotechnology gives nearly 10 percent of the gross domestic product (GDP). This sector is a dynamically developing industry –...
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International actions by NAV
The National Tax and Customs Administration (NAV) regularly requests information from foreign authorities, in order to be able to catch those foreigners who commit VAT fraud in Hungary. Csilla Tamásné...
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Hungarians eat less bread than Europeans
In Hungary, the per capita annual bread consumption is 37 kilograms, while the European average is 50 kilograms – the Jókenyér Ludwig & Mentesi Kft. told MTI on Tuesday. In...
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Chinese imports are pushing the swine prices
Due to China’s growing import demand, the Hungarian pig purchase prices have grown spectacularly recently. The Hungarian livestock farmers can expect favorable market developments over the medium term after the...
Read moreSzázadvég: economic growth may be 3.8 percent this year and for the next year
Following this year’s favorable first-quarter growth figures, the Századvég Gazdaságkutató Zrt. has increased its previous 3.6 and 3.4 percent growth forecasts up to 3.8 percent for 2017 and 2018, According...
Read moreThis year’s sour cherry yield can be around 60-65 thousand tons
This year’s sour cherry yield will be weaker than the average, about 60-65 thousand tons – the FruitVeB and ÉKASZ told MTI on Tuesday. According to the most recent summary...
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What’s on your plate in the summer: trends from the Budapest Wholesale Market
With the launch of the summer season, the largest domestic market, the Budapest Wholesale Market shared interesting and useful tips. It is no question that we can get a lot...
Read moreStrawberry harvester robot was invented
It was believed for a long time that strawberry harvesting will not be ever mechanized. However, a robot under test can help the growers. It can replace 30 seasonal workers...
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Pin-up-girl on the wall – Video of the day
Fieldy Artist has taken on her biggest project yet in creating an awe-inspiring custom mural for a beachside bar in Cottesloe with a beautiful 50s inspired pin-up girl as the...
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Bread alliance: bread prices will not increase due to the composition change
The bread prices are not expected to rise because the proportion of raw materials will change, for example the composition in case of whole grain breads and rye breads, while...
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Raspberry production fell significantly
The harvest of raspberries has begun, and although the taste of Hungarian raspberry is excellent, yet fewer producers on less area are dealing with this fruit – according to the...
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Japan is the main target country of the Hungarian food exports outside the European Union
Japan is the main target country of Hungarian food exports outside the EU, and this is why Japan has become this year’s guest at the National Agriculture and Food Exhibition...
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A campaign to promote rabbit meat consumption has begun
Events, promoting rabbit meat consumption as well as tastings will also be part of the national campaign launched in June – Nagy István, Parliamentary Minister of State of the Ministry...
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Hungarians support the reduction of cash
Sixty percent of the Hungarians agree that the shadow economy can be reduced in Hungary by increasing electronic payment solutions and reducing cash – portfolio.hu reported the latest Mastercard research....
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NAK: it is important when the support comes to the farmers
The practice of the Hungarian agency for paying agricultural subsidies and EU law should be brought closer, as several cases were filed at the EU court when the paying agency...
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China is expanding in Africa
The African-Chinese economic and trade network is expanding at a significant pace. African exports are essentially raw materials, while goods already processed are coming from China, but this is only...
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Slovakia’s agri-food foreign trade
Slovakia is the second most dynamically developing economy in the region. The inflation rate was -0.3 percent in both 2015 and 2016. Slovakia’s level of indebtedness is a bit above...
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German multinationals want standardised online identification
Leading German multinational companies wish to develop a multi-industry technological platform that would make standardised online registration, electronic identification and other data services available to companies. The new solution could...
Read moreAgricultural investments expanded dynamically in the first quarter
The investments of farmers in the first quarter of this year have increased significantly, which has a positive impact on the competitiveness of the sector – the Ministry of Agriculture...
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Nearly 900 billion HUF for agri- and rural development grants in 2018
In next year’s budget, the amount of agricultural and rural development funds is close to 900 billion HUF, 51 billion HUF more than this year – the Minister of Agriculture...
Read moreDeputy MInister of State: Strong producer communities are needed for the development of vineyards
The development of vineyards requires strong farming communities – Gál Péter, Deputy MInister of State of the Ministry of Agriculture (FM) said on Friday at the Budapest European Conference of...
Read moreGarantiqa: Every second small business plan to invest
One third of domestic micro-enterprises, more than half of small businesses are planning to invest in the next year, according to the nationally representative survey of the Garantiqa Hitelgarancia Zrt.,...
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