Market News

FM: about ten thousand pheasants should be disposed in Abádszalók

Due to avian influenza about ten thousand pheasants, the entire herd must be destroyed in Abádszalók at the Hubertus Hunting Company. The disposal began on Tuesday – the Ministry of...

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HENT: false pesticides can cause cancer and infertility

Counterfeit pesticides can have serious adverse health effects in human beings, they may contain dangerous and toxic pollutions and uncontrolled by-products that have carcinogenic or gametes damaging effect – the...

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Invoicing with value limits

Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...

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Under a supported roof

With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....

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Efficient NAV

In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...

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Cunning merger

Hungarian regulation on mergers has changed fundamentally. Due to the changes in competition law, in the future a transaction can be approved in 8 day instead of the present 30...

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ÉFOSZ and Branded Goods Association welcome the ministry’s decision

The Federation of Hungarian Food Industries (ÉFOSZ) and the Branded Goods Association (BGA) welcome the announcement that Róbert Zsigó, secretary of state at the Ministry of Agriculture made today: in...

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Ministry of Agriculture (FM): comprehensive testing has started because of the differences in the quality of food products sold

Minister of Agriculture Sándor Fazekas has commissioned another comprehensive laboratory testing of similar food products sold in shops in Hungary and abroad, in order to compare their qualities – told...

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Nielsen: Europe faces slow growth

Amid great political and economic change around the world, global consumer confidence moved modestly in 2016, rising three points between the first and fourth quarter to 101. Confidence scores in...

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KSH: gross average earnings increased to over 305 thousand HUF in December

Last December, gross average earnings increased by 5.7 percent of gross earnings, while net average earnings were 7.3 percent higher than a year before. Excluding the wages of public employees,...

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The Financial Directive of 2018 revolutionizes mobile banking

The online and mobile banking have become everyday part of life for the majority of users. But if the customers want to gain complete control over their financial information belongs...

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There is no powerful Hungarian economy without agriculture and food industry

There is no powerful Hungarian economy without agriculture and food industry – the Minister of National Economy underlined at a forum in Budapest, organized for young agricultural professionals. Varga Mihály...

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Mountain Villages: fewer grapes this year

Fewer grapes will be harvested this year because of the frost – Brazsil Dávid, Secretary-General of the National Council of Wine Communities told M1 news channel on Saturday. The Secretary-General...

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MNB: household wealth increases continuously

The net savings of households increased by 522 billion HUF in the fourth quarter of 2016, while in the total year by 1574 billion HUF. In the proportion of the...

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The government launches a supplier development program

The government launches a two-year development program for suppliers: The total amount of the program for 2017-2018 will be 14 billion HUF- Varga Mihály, Minister for Economic Affairs said at...

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EU’s energy consumption fell below its 1990 level

Energy consumption in the European Union in 2015 was below its 1990 level the EU’s statistical agency Eurostat announced on 20 February. EU dependency on imports of fossil fuel imports...

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Deterioration in consumer confidence in the euro zone

Consumer confidence deteriorated larger-than-expected in the eurozone in February. The flash reading for Euro-zone consumer confidence indicator declined to -6.2 for February from a final -4.9 in January and compared...

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Agrárkamara: a piaci igényekhez kell igazítani az agrár-felsőoktatást

A munkaerőpiac igényeihez kell igazítani az agrár-felsőoktatást, egyebek mellett a kereslet és a kínálat hatékony összeegyeztetésével, valamint jelentős kutatásfejlesztési tevékenység támogatásával, mert a képzési problémák már az ágazat versenyképességét veszélyeztetik...

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Magazine: A more premium ham market

Market research data showed that less smoked and smoked-cooked meat was sold last Easter than in the same period a year before. Market players say premium quality products are pushing...

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The food brands also respond to the different tastes of consumers

The same brands are sometimes marketed with different contents – the investigations of the Hungarian Food Safety Authority (Nébih) suggest. But the manufacturers of brands mentioned in the news coverage...

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According to a processing company, poultry production in Hungary might be restored by May

According to a processing company, poultry production in Hungary might be restored by as early as May – the CEO of the Pannon Fine Food Kft. told MTI on Wednesday....

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Pioneer: a growth of around 4 percent is expected in Hungary

In the next two years the economic growth can be around 4 percent in Hungary and the CEE region has also have favorable prospects – Forián-Szabó Gergely, chief investment officer...

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Hungarian foie gras export has almost stopped

The Hungarian foie gras and duck liver export has almost stopped completely, due to the avian influenza. Deliveries to the Asian-Pacific markets essentially ceased to exist, and faltering significantly in...

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Lego overtook Google

Lego has become the most powerful brand in 2017, according to the list of Brand Finance. The toy manufacturer overtook Google, Nike and Ferrari – mfor.hu wrote. The Brand Finance...

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Wine producers have to issue a report until 10 March

From January a new law introduced the small wine-producer category, which allows easier administration. The wineries producing less than 1,000 hectoliters can choose this category. These producers can only process...

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MNB: the new 2000 and 5000 HUF banknotes will be available from March

The new 2000 and 5000 HUF banknotes will be available from March. The security features of the new banknotes will be more modern than before, and their design will also...

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Robots will cultivate a farm

We are at the beginning of a new industrial revolution that will transform agriculture radically. Automatic disconnectors, autopilots and drones are only the beginning, because the first parcel of land...

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Deadline modification in tenders supporting agri-environmental management and organic farming

The Prime Minister’s Office implemented important changes in the Rural Development Programme’s tenders supporting agri-environmental management and organic farming. If the farmer eligible for support cannot verify the legitimate land...

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A brewery in Scotland gives one week paid to leave to employees with new dog

A brewery called BrewDog – is giving new puppy parents a paid week of “paw-rental leave.” And if you’ve ever gotten a rambunctious puppy for yourself, you might see why...

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ÖRT: New and old president

BGA SecGen is re-elected as ÖRT VP for another three year term....

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