Market News
Optimistic US consumers
A Bloomberg survey has revealed that US consumers are more optimistic than ever before in the last 15 years. 36 percent of respondents said the US economy is going in...
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Magazine: Piquant flavours on the Easter table
Christmas, Easter and the summer barbecue season are the three most important periods in wet condiment (mayonnaise, mustard, ketchup, horseradish, etc.) sales. Amarillisz Vlahosz, junior brand manager of Unilever Hungary...
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Bull’s Blood and the Tisza fish soup became Hungariukums
The Hungarikum Committee raised the Bull’s Blood, the Kodaly method, the Hungarian shepherd and hound breeds, as well as the Tisza fish soup into the row of Hungarikums; The Hungarian...
Read moreGermans like Hungarian wines
Germans like Hungarian wines. Germany is a major outlet for the Hungarian wine producers – according to Czerván György Minister of State of the Ministry of Agriculture (FM). The Ministry...
Read morePénzügykutató: GDP will expand above 4 percent this year
The gross domestic product (GDP) growth rate this year may rise above 4 percent, due to the fact that investments will jump on low base. According to the latest forecast...
Read moreK&H: subdued corporate demand for credit
According to the K&H Bank, credit demand is subdued, despite the low interest rate environment, and a growing deposit base characterizes the corporate sector. The demand for loans primarily boosts...
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The agricultural chamber helps with qualified tender writers
The Consulting Network of the National Association of Agricultural Economics (NAK) provides assistance to about 400 thousand members in the selection of proposals, preparation, AND implementation. According to the information...
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Melania Trump’s hometown is selling new products under the First Lady brand name
Melania Trump’s hometown (Sevnica in Slovenia), is honoring their famous former resident with a line of exclusive “First Lady” products including chocolates, beauty creams, salami and red wines. The products...
Read moreSpring sowing has begun
Most of the autumn sowings are in favorable conditions in Zala county. The farmers have begun to sown spring cereals, and if warming continues further, the sowing of sunflower and...
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Superfast internet is available in almost quarter of a million households
About 230 thousand households has access to superfast internet thanks to the self-financed investments of the service providers. The development of the network will be started in all parts of...
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Positive cattle and beef trade balance
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s live cattle export grew by 11 percent in the January-October 2016 period....
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Magazine: Who is going to work?
One of the biggest challenges in Europe is to have more people working. At a professional forum organised by the National Trade Association (OKSZ) at the Budapest Chamber of Commerce...
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Few chemicals used in small crop categories
Farmers growing crops on a smaller area of land are having problems with protecting their plants, because in small crop categories very often there aren’t authorised pesticides. NAK started cooperating...
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The Hungarian Quality Product Award is celebrating its twentieth anniversary
The 20th Hungarian Quality Product Award was published in 46 major categories. The Hungarian Quality Product Award has become Hungary’s most prestigious rating system, proving that quality is also able...
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GKI: How many people are affected by the mandatory wage increases?
The February business survey of the GKI Gazdaságkutató Zrt. market researcher firm investigated the corporate effects of the minimum wage increase. The bigger the company, the minimum wage increase affects...
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A huge scandal has shaken the already shaken economy of Brazil
Brazil, the world’s biggest beef and chicken exporter, with clients in some 150 countries, is scrambling to stop the fallout from police allegations of corruption and unsanitary practices in the...
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Smartphone counterfeiting causes significant losses and health risks
The smartphone forgery in addition to the serious health and security risks causes significant economic losses. 14 million counterfeited smartphones are sold in the EU each year – according to...
Read moreTOP 10: these are the most livable cities in the world in 2017
Vienna continues to lead the latest list of Mercer, in which the standard of living of the world’s cities was studied – penzcentrum.hu wrote. The world’s largest HR consulting firm,...
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Organic foods in Europe
EuroCommerce opines that European farmers are unable to keep up with the growing demand for organic food and they offer their products at prices that are too high. The organisation...
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Worldwide retail revenue reached 4 trillion dollars
According to an analysis by Deloitte, sales of the world’s 250 leading retailers improved by 5 percent in 2015, generating a revenue of USD 4.31 trillion. Although sales of Wal-Mart...
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Fazekas: about 514 million HUF to be spent on fish farming annually
The new Fisheries Management Act provides and regulates the use of public revenues from fishery management since 2014. As a result, about 514 million HUF is available in Hungary’s budget...
Read moreLondon analysts: the performance of the Hungarian economy forecasts a stronger than expected growth this year
London financial analysts said that on the basis of the current activity indicators, the Hungarian economy started strongly this year and is likely to grow at a faster pace than...
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January wage increases brought a positive surprise
The 10 percent growth rate of the gross wages in January brought a positive surprise to analysts, as market expectations were around 8.5 percent. This year wages may grow by...
Read moreThe preparation of online billing to accelerate
The government does not intend to introduce new taxes – Varga Mihály told Magyar Idők. The Minister of National Economy prefer to increase state revenues combating the black economy. The...
Read moreMore lenient rules on GMO feed
The Ministry of Agriculture would change the regulations relating to the labeling of food containing no genetically modified organisms (GMOs). The proposal is under public consultation. The most significant amendment...
Read moreFifth of the bees in Békés county died
15-20 percent of the bees have died in Békés county in the winter. Because of the low number of bees it is likely that this year, lower amount of rape...
Read moreAn agricultural information center will be built in Gödöllő from one and half billion HUF support
Agricultural Informatics academic and industrial cooperation center will be built in Gödöllő. The consortium led by the Szent István University received a 1.48 billion HUF non-repayable support from the National...
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Hungerit gets government funding for export expansion
Hungerit Poultry Processing and Food Zrt. receives HUF 1.8 billion worth of non-refundable funding to realise a HUF 5.1-billion export expansion project. As a result of the new project, the...
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Milk and poultry prices going in opposite directions
In November 2016 agricultural production prices decreased by 5.5 percent from the level of November 2015 – reported the Central Statistical Office (KSH). This drop was the result of vegetable...
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