Market News
The agrarian chamber wants a larger advance payment
According to the National Chamber of Agriculture (NAK), there would be a possibility to pay out even tens of billion HUF more in the remaining two weeks of the advance...
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Eight billion HUF support for cold stores
Up to 8 billion forints of European Union support has been decided on the construction of cold stores in the horticultural sector. The gardeners can use about 90 billion forints...
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Trade Alliance: the impact of black Friday can be detected in the domestic e-commerce’s turnover
The impact of black Friday can be detected in the domestic e-commerce, but for the turnover of traditional stores it is still not has such a great effect in Hungary...
Read moreFazekas: helping farmers is the goal of the V4 Agricultural Research Cooperation
Those researches would help the farmers that would be conducted by the agricultural research institutes of the Visegrad countries – Fazekas Sándor Minister of Agriculture told M1 news channel. According...
Read moreMoody’s: the external vulnerability of the Hungarian economy has declined significantly
The external vulnerability of the Hungarian economy has been reduced significantly. This is one of the pillars of the sovereign Hungarian debtor profile registered with a rating of “Baa3” –...
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Eggs contaminated with fipronil were found at local producers in Slovenia
The Slovenian veterinary office will check for every registered egg producer in the next month after it has been found that two producers used banned fipronil-containing insecticides, the Slovenian POP...
Read moreGfK: Per capita purchasing power grew by more than 10 percent in Hungary
The per capita purchasing power increased by more than 10 percent, from last year’s 5549 to 6204 euros in Hungary, with which the country continues to be ranked 30th on...
Read moreThe Hungarian countryside could be more profitable according to the mountain communities
The Hungarian countryside could be more diverse and more profitable by making better use of local values, which could increase profitability and attract young people – Légli Ottó president of...
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A tripartite cooperation agreement was reached to develop the data service for the dairy sector
A cooperation agreement was signed on 14 November, in Velence by the Agricultural Research Institute (AKI), the National Food Chain Security Agency (NÉBIH) and the Milk Interprofessional Organization and Product...
Read moreBlack Friday is coming: Nearly 3.5 million people count on it
Black Friday has taken Hungary last year and this year it will continue to grow: in 2017 more than 3.3 million adult Hungarian Internet users are planning to buy during...
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Chinese container traffic to Hungary can increase significantly
The Chinese container traffic to Hungary can be increased many times thanks to an agreement on the development of the Chinese-Hungarian logistics cooperation – the Hungarian Logistic Service Centers Association...
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28,000 food and beverage vending machines should be equipped with the automation monitoring unit
It is still unclear how many beverage and food vending machines will be operating in the country after 1 December, because the automation monitoring units need to be installed in...
Read moreNielsen: the turnover of Hungarian retailers is silver medalist in Europe
In the third quarter of 2017, the retail trade in Hungary grew by 5.3 percent, compared to the same period of the previous year, on the food and chemical market...
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Internet users plan to buy Christmas gifts for 35,000 forints this year
Árukereső.hu surveyed the donation plans of the Internet users for this year. The survey revealed that as Christmas is approaching, we are much more open to shopping online. By utilizing...
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KSH: agricultural producer prices have continued to accelerate
In September, the prices of plant products increased by 4.0 percent, while the livestock prices increased by 7.9 percent. The agicultural producer prices were 5.5 percent higher than in the...
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A Hungarian innovation, the TájGazda quality certification system can participate at an international application
The Veritas Cultural Association’s Origin and Quality Certification Scheme received a national award at the Quality Innovation Award 2017 application of the European Quality Organization’s (EOQ) Hungarian National Committee, so...
Read moreHarvesting is coming to an end soon
This year’s harvest is about to end. Slightly more than 10 million tons of autumn crops were harvested this year, compared to last year’s 12.3 million tons – the Minister...
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NAK asks for support for small-scale horticulturists
The storm at the end of October caused massive damages to the foil tents throughout the country, causing many small farmers to go bankrupt. The National Chamber of Agriculture has...
Read moreRetail sales increased in the United States
In October, retail sales increased slightly in the United States, according to a statement issued by the Census Bureau published on Wednesday. Retail sales increased by 0.2 percent in the...
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KSH: GDP rose by 3.6 percent in the third quarter
The Gross Domestic Product (GDP) increased by 3.6 percent in the third quarter, compared to the same period of last year. Growth was 3.8 percent calendar effect adjusted, according to...
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The first independent, comprehensive survey on the Hungarian drinking beer habits has been released
The survey focuses on quality beer culture, beer knowledge and consumption habits and wants to map out the Hungarians’ beer relations. The research runs together with the Beer of the...
Read moreViticulturists and winemakers will receive 45 billion HUF
A total of over 45 billion forints (ie 29 million euros a year) EU funds are available to support the grape and wine sector in the five-year period lasts until...
Read moreThe traces of “the oldest wine of the world” were found in eight thousand years old pots
Canadian scientists found 8,000-year-old pottery fragments that have revealed the earliest evidence of grape wine-making. The jars containing wine compound residues that were found in two sites south of the...
Read moreThe German economic sentiment continued to improve
The German economic sentiment of the Mannheim-based ZEW Institute for Economics increased to a record peak in November. The survey also showed an improvement in the perception of prospects in...
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Eggs with a trademark offer safety
Hungary’s egg market was also affected by the Fipronil scandal, because then country produces only 75 percent of the eggs it consumes. Contaminated eggs were pulled from the market, which led...
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Magazine: GKI calculates with better-than-expected years to come
Due to the great rise in the level of investments in the 2nd quarter of the year, GKI raised its growth forecast from 3.5 percent to 3.8 percent for this year...
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AMC: Community agri-marketing is the future
The domestic companies have realized that they can only survive on the market by promoting their products not only with high quality, but with targeted marketing actions and by higlighting...
Read moreThe IMF has improved its forecast growth for the Hungarian economy
The IMF has raised its annual growth forecast for Hungary this year by 0.3 percentage points to 3.2 percent in its autumn regional economic forecast from the 2.9 percent forecasted...
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