Market News
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 –...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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....
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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.,...
Read more
Consumer prices in the euro area and in the EU increased at a slowing pace in May
Annual comparable consumer prices increased in the euro area and in the European Union in May. According to figures, published by the European Union’s Statistical Office (Eurostat) on Friday, consumer...
Read moreThe NAV seized more than seven million HUF worth untaxed cigarettes
The National Tax and Customs Administration’s (NAV) finance officers found about seven thousand packs of untaxed cigarettes at the Kőbánya Railway Station Two men wanted to transport the cigarettes with...
Read more
The deficit of the Romanian agro-foreign trade balance was around 75 percent in the first quarter
In the first quarter, the deficit of Romania’s agricultural and foreign trade balance grew by almost 75 percent to 460.37 million euros, according to the data of the Romanian Ministry...
Read more
Magazine: The most influential retail trends in 2016
How did Hungarian FMCG retail perform in 2016? Value sales improved by 2.8 percent if compared with the 2015 level. Volume sales dropped 1.1 percent and prices augmented by 3.9...
Read more
Good quality melon will be harvested this season
Thanks to the long-lasting warmth, the Hungarian melon production will have a good quality this year again – the National Agricultural Chamber (NAK) told MTI. In Hungary – basically because...
Read more
Price difference between the EU Member States is almost threefold
There were very big differences in the price level of goods and services in the various Member States of the European Union last year: Denmark was the most expensive and...
Read more
MNB: almost two-thirds of the card purchases were contactless payments
The expansion of electronic cash flow in the first quarter of 2017 continued to rise: contactless payment has become dominant, 63 percent of the purchases were carried out this way,...
Read moreLand turnover increased by more than double last year
Thanks to the Farmers’ Growth Program the land turnover more than doubled last year according to the OTP Farm Land Map Analysis. Based on the size of the total land...
Read more