Market News
Inflation slowed in the euro area and in the EU
In March, the annual rise in consumer prices slowed in the euro zone and in the European Union. Eurostat confirmed inflation in March in the 19 countries sharing the euro...
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Two hundred million forint development in Debrecen
Debrecen-seated Zolend Kft. built a 4,000m² new production hall from a HUF 200-million bank loan. The company is a supplier of major companies in the chemical, food, oil, automotive and...
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Another 80 billion forints in the Rural Development Program
Within the framework of 13 grant programmes, about HUF 80 billion becomes available until the end of March in the Rural Development Programme – announced the Prime Minister’s Office at...
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KMS trademark can be earned this year as well
Businesses can apply for the use of the Quality Hungarian Pork (KMS) trademark this year too. So far 86 have enterprises have earned the right to use the KMS marking....
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The shopping fever on Thursday brought the biggest turnover
The turnover on Thursday before Good Friday was 15-25 percent higher than the largest revenue-generating day of last year’s Easter period – CBA’s Communications Director told Világgazdaság. Fodor Attila explained...
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Nearly half a billion aluminum cans are not recycled
In Hungary, 800-900 million aluminum cans of beer and soft drinks are marketed every year, but only about half of this amount 450 million cans are recycled – tozsdeforum.hu wrote....
Read moreMKB Bank: agriculture financing should be tailored to the needs of customers
At the end of last year, the loan portfolio of Hungarian agriculture was about 560 billion HUF on the basis of the data collection of the Ministry of Agriculture. Including...
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K&H: the investments of large companies will continue to decline this year
The investments of large companies will continue to decline this year, as the downturn in the sector’s willingness to develop continues according to K&H’s survey – the bank told MTI...
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Nébih: animal breeders can receive state aid to prevent bluetongue disease
Animal breeders can receive state aid to vaccinate their stock to prevent from bluetongue disease. Where the disease has already appeared, vaccination is mandatory, to prevent the other animals from...
Read moreTax audits are becoming more effective thanks to the ekáer
The tax inspectors are increasingly effective against illegal trade, thanks to electronic goods traffic control system (ekáer), which is a “heavy weapon” of the tax administration, but many entrepreneurs are...
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Raw milk’s price rising again
In January 2017 agricultural production prices were down 2.6 percent in comparison with January 2016. This drop was the result of the price of vegetable products decreasing by 8.9 percent...
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How do we try to spend less?
Nielsen asked Hungarian consumers how they try to spend less: 55 percent said they switch to cheaper groceries (back in 2013 this ratio was 70 percent). 52 percent said they...
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Nearly 700 million forints for research on the quality of irrigation water
The Centre for Research of the Hungarian Academy of Sciences (HAS), the National Public Health Centre (OKK), HAS’s Centre for Agricultural Research and Smaragd GSH Kft. were granted HUF 693.13-million...
Read moreHungarian grey cattle to be bred organically
The Association of Hungarian Grey Cattle Breeders (MSzTE), the Hungarian Organic Culture Association and Biokontroll Hungária Nonprofit Kft. signed a strategic agreement. The three parties’ goal is to breed grey...
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Twelve billion forint dairy sector development project in Debrecen
Alföldi Tej Kft. invests HUF 12 billion to create 181 new jobs in Debrecen; the municipality finances the project with HUF 120 million. Managing director Tibor Mélykuti told that the...
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Healthy and practical products from VFI
Glatz Hungary Kft. is an Austrian-owned company that specialises in cereal and food trade. It is them who represent KRONEN products – a corn germ cooking oil, and lemon- and...
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A sharp increase in demand for many products at Easter last year
Demand significantly increased towards ham, eggs, chocolate and alcoholic beverages at Easter last year – according to the Central Statistical Office’s summary. The larger stores this year expect a significant...
Read moreAnalysts: inflation rate this year may be around the purpose of the MNB
Inflation decreased to 2.7 percent in March, lower than the expectations of the analysts, after the 2.9 percent in February. In the rest of the year, inflation will temporarily exceed...
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From sea to the plate – tracking fish
Important progress has been made in the international documentation system, initiated by the UN Food and Agriculture Organization (FAO) through which illegally caught fish could not be taken on the...
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Export Academy for the tenth time
The Hungarian National Trading House (MNKH) launches its complex export development training, the MNKH Export Academy for the tenth time between 12 and 27 April. The training program of the...
Read moreRomanian beer consumption stagnated last year
Romanian beer consumption stagnated last year. Romanians drank an average of 80 liters of beer per capita in 2016 – the Romanian Brewers’ Association announced. According to data provided by...
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The Brits associate chocolate eggs with Easter
The three-quarters of the Brits associate chocolate eggs with Easter. The largest British polling firm, the YouGov interviewed 2670 adults in the UK this week what do they think most...
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The decline in agricultural producer prices slowed in February
The decline – that lasted for seven month – in agricultural producer prices slowed in February. The average price level was 2.0 percent lower than a year before, after the...
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The Agricultural Marketing Center encourages the consumption of high-quality pork
The consumers can taste high-quality pork between 11 and 29 April 2017 in two large retail chains, as well as in two rural butcher shop networks. The primary objective of...
Read moreA collaboration is needed for the market access of good quality Hungarian products
The stakeholders should work together in order to reach the widest possible market access of excellent quality Hungarian products – Fazekas Sándor Minister of Agriculture said on Tuesday in Hegymagas,...
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GKI: how companies protect themselves against cost increases due to mandatory wage increases?
The corporate survey of the GKI Economic Research Co. in February interviewed the companies how they avoid cost increases caused by the minimum wage increase. In terms of an...
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Certification slowdown causes problems in seed exports
Field seed certification and document issuance slowed significantly in the recent period. This threatens the 40 billion HUF worth Hungarian exports of seed – agrarszektor.hu wrote. As a result of...
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Fazekas Sándor: awareness actions to promote Furmint
This year is the Year of the Furmint. The governmnet would like to draw attention to this unique Hungarian value – Fazekas Sándor Minister of Agriculture told M1 news channel...
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