Market News

FM: we do not let GMO in

GMO cultivation is not the solution to climate change and other challenges. The impacts of GMOs are unpredictable – Fazekas Sándor told. The Minister of Agriculture about his experiences at...

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A tender was announced for agricultural training

An application was started for agricultural training in a value of 6.2 billion HUF – the Prime Minister’s Office announced on Wednesday. According to the notice, the application aims to...

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Used cars are more and more popular

The merger of Banif and Cofidis was completed on 1 January 2017. The French company has became one of the broadest offering bank in 2017 in the area of consumer...

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FM: there will be changes in the greening and production-linked subsidies

Changes will occur in the greening and production-linked subsidies this year when submitting the single application – Szentirmay Zoltán of the Ministry of Agriculture (FM) announced at a professional conference...

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NAK Services Centre wants to give more

NAK wishes to expand the range of services offered by the Services Centre in Hajdúböszörmény. The chamber would like seed, fertiliser and pesticide companies, plus banks with loan products targeting...

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A four and a half percent rise in retail sales

The retail trade turnover in November 2016 was 4.5 percent higher, compared to the same period of the previous year, both according to the calendar adjusted and raw data –...

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NGM: retail trade may increase further through the wage agreement

Through the wage agreement adopted by the Government and the social partners last November, the minimum wage and the guaranteed minimum wage for skilled workers will significantly increase. According to...

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KSH: last year’s harvest was record-breaking for corn and wheat

The average yield of corn broke a record last year, exceeded 8.6 tonnes per hectare, the total harvest was 8.8 million tons. According to the data of the Central Statistical...

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The popularity of malls has decreased

Over the past decade, the turnover generated by the secondary school students in the malls decreased by 30 percent, so an increasing number of shopping centers forced to close –...

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The EU would like to stabilize the higher milk prices

The past few months brought milk price increase globally. In Hungary, the national average producer price of raw milk was 88.65 HUF per kilo in December 2016. The average price...

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(HU) Fazekas: 2010 óta folyamatosan nő a magyar mezőgazdaság kibocsátása

Sorry, this entry is only available in HU....

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Brand new apple varieties are tested

The National Food Chain Safety Office (NÉBIH) introduced fifteen new resistant apple varieties from domestic plantations. If the type tests will be completed with positive results, the new varieties will...

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Europe is becoming more severely threatened by climate change

Europe’s regions are facing rising sea levels and more extreme weather, such as more frequent and more intense heatwaves, flooding, droughts and storms due to climate change, according to a...

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Vitamins: natural or synthetic?

By the end of January, the body’s vitamin storages are quite empty, even if we pay attention to healthy nutrition all winter and to the right amount of fruit and...

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The ekáer helped the NAV

With the help of the electronic road freight traffic control system (ekáer) the finance guards of the National Tax and Customs Office (NAV) prevented the distribution of 22 tons of...

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FAO provides agricultural assistance packages to disaster-struck farmers

The FAO assistance packages to flood-affected farming families comprised a provision of crop seeds, fruit tree saplings, canes, fertilizer, livestock and animal feed, farming equipment and beehives, as well as...

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Magazine: A more colourful cream palette

Cooking cream, whipping cream and coffee cream – these three segments make up the cream category. We learned from Krisztina Molnár, junior trade marketing manager of Lactalis Hungária Kft. that...

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Grain Association: flour price increase is inevitable

The profession considers the minimum 5 percent increase in the price of flour as inevitable – the Hungarian Grain Association told MTI on Tuesday. The professional organization sees the reason...

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In the first half of the year, FM finalizes the Urban Agricultural Policy

The Ministry of Agriculture (FM) finalizes the Urban Agricultural Policy in the first half of the year – Hegedűs Gábor rural and regional development officer told in Budapest on Tuesday...

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NGM: real wage growth may continue this year

This year, the four-year rise of real wages can continue. The basis of the increase is the improved economic performance and the government’s economic policy – Simon Attila, Deputy Minister...

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Hungary lost 6.5 billion USD due to sanctions against Russia

The Hungarian economy has suffered a loss of 6.5 billion USD as a result of the economic sanctions imposed against Russia – the Minister of Foreign Affairs and Foreign Economic...

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Yuan-based bank cards can be requested in Hungary

The Bank of China issued yuan-based debit cards. The cards will be issued within the cooperation of the Bank of China and UnionPay and this will be the first Chinese...

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Production prices down 3.8 percent in agriculture

In September 2016 agricultural production prices reduced by 3.8 percent from the level of September 2015 – reported the Central Statistical Office (KSH). This drop was driven by the price...

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Scones for kindergarten children

In mid-November NAK’s Tolna County directorate invited kindergarten children to Pannon Varázs bakery in Szekszárd, where they got a chance to see how and where bakers work. Before leaving, the...

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Milk prices continued to rise

Price increases continued in the dairy market in December. The producer price of milk increased to 88.65 HUF per kg, which is a 6 percent increase, compared to November and...

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Plenty of small shops have closed in the past 10 years

Over the past decade, more than 26 thousand small shop were bankrupted, however turnover increased per shop and per square meter. Of course, the number of large department stores increased...

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Analysts: the pace of wage growth continued to accelerate

The pace of wage growth continued to accelerate in November last year and for this year an even more dynamic growth is expected due to the raising of the minimum...

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Fazekas: GMO dissemination is not the remedy for water shortage

The dissemination of genetically modified organisms (GMOs) is not the remedy for water shortage in agriculture – Fazekas Sándor Minister of Agriculture emphasized on Saturday in Berlin at the Global...

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Hungary asks for the European Commission’s crisis support

In order to easen the economic impact of the bird flu, Hungary officially asks for the European Commission’s crisis support – the Ministry of Agriculture (FM) told MTI on Monday....

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Less grape harvest was predicted compared to last year in Ópusztaszer

The farmers and the wine estates predicted less grape harvest for this year, compared to last year in the National Historical Memorial Park of Ópusztaszer on St. Vincent day. The...

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