Market News

NÉBIH: the ban on the most widely used pesticide would make weed control difficult

The withdrawal of glyphosate-based products would make weed control difficult and would make it more expensive – the National Food Chain Safety Office (NÉBIH) told MTI. The agency recalled that...

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Consumer sentiment improved slightly in Europe

According to the preliminary data published by the European Commission’s Economic and Financial Affairs (ECFIN) on Monday, the sentiment index rose by 0.2 points to minus 4.9 points in the...

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China has become one of the most important trading partner of the EU and Hungary

At a panel discussion at the Lámfalussy conference, Palotai Dániel, managing director of the Hungarian National Bank (MNB) emphasized that China has become one of the most important trading partner...

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The secret of fruit pálinka

The composition of the fruit pálinkas can be transformed consciously with the changing of the parameters of distillation, so the fruit characters appear more intensively – agrarszektor.hu wrote. As a...

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The Chamber of Agriculture established a phone company

The National Association of Agricultural Economics (NAK) launched a Telecommunication service – Magyar Nemzet wrote on Saturday. The members of the Chamber of Agriculture can choose more favorable fee packages...

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Utility bill payment machines in retail units

Hungarian Post Zrt. started cooperation with CBA and Rossmann Hungary: utility bill payment machines will be installed in 91 drugstores and grocery stores all over Hungary. Rossmann hopes that thanks...

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Food safety from the farm to the table

On 3 November 2016 the National Food Chain Safety Office (NÉBIH) and Szent István University signed a cooperation agreement. The goal is to establish a Risk Analysis Department at the...

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(HU) Harmadik hónapja emelkedik a GKI konjunktúraindexe

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

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KSH: the increase in earnings has accelerated

In November, the average gross earnings amounted to 285 800 HUF, which is a 8.2 percent increased over the year, while due to changes in average net income of the...

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FM: the tracking system of the food industry enterprises should be raised to European level

The tracking system of the food industry enterprises should be raised to European level by extending the modern, web-based, mobile-technology solutions in Hungary – Laszlovszky Gábor, the food processing department...

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Germany is the number one partner in agriculture

Germany is Hungary’s number one partner in agriculture. Exports last year amounted to to 1.3 billion euros –Fazekas Sándor, Minister of Agriculture told. He added that the relationships are further...

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Invitel: SMEs are open for Internet marketing applications

The Hungarian small and medium-sized enterprises (SMEs) are open for Internet marketing applications, most of them already have their own website and a significant number of them would use other...

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Russia expects the embargo to remain

Regardless of the results of elections in any foreign nations, Russia should expect the sanctions imposed on it by the West to remain in place, Russian Prime Minister Dmitry Medvedev...

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Rézangyal Kft and Coca‑Cola HBC Magyarország Kft further strengthen their relationship

[19] January 2017. Budapest After six years of successful cooperation, Coca‑Cola HBC Magyarország Kft (“CCHBC Hungary”) and Rézangyal Kereskedelmi Kft (“Rézangyal Kft”) are extending their existing partnership agreement. As of...

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Cooperation for the development of organic farming

The Hungarian Organic Association and the Savings Bank signed a cooperation agreement. The aim is the development of the Hungarian organic farming. The parties undertook to pay special attention to...

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KAVOSZ: 2017 will be a strong year in the use of EU funds

2017 will be a strong year in the use of EU funds because an incredible amount of EU funds will arrive to the market – Krisán László, CEO of the...

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Fuel consumption increased by more than 5 percent last year

Last year, fuel consumption increased by 5.5 percent to, almost 3 billion 358 million liters in the Hungarian market. According to the data published by the Hungarian Petroleum Association on...

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Magazine: Trendy liver patés

With its annual volume sales around 9,600 tons, the liver paté category is a medium-sized one among meat products. According to Zoltán Szántó, senior product manager of Pick Szeged Zrt.,...

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Raiffeisen: the outlook for the Hungarian economy is very favorable

The outlook for the Hungarian economy is extremely favorable: the expansion of the GDP may be over three percent this year and for the next year – Török Zoltán, chief...

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Chicken breasts are popular

The buyers take advantage of the benefits of VAT reduction in January. Since the beginning of the year, the processors transport 30-40 percent more chicken breast and 20 percent more...

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Bird Flu: A multi-stage compensation may come

The Poultry Product Council (BTT) estimates the damage arising from the outbreak of bird flu to 9-10 billion HUF – the organization told Világgazdaság. The direct losses of farmers resulting...

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VAT reduction did not impove the sales of fresh milk

Despite the fresh milk VAT reduction to 5 percent in January, the buyers are still looking for long lasting products in the stores – the Magyar Idők wrote. According to...

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The cold weather turns the buying habits upside down

The unusual cold weather turns the buying habits upside down and will likely to pull back the shopkeepers’ revenue – piacesprofit.hu wrote According to the current observations no decrease will...

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Euro zone’s inflation is on a nearly three-year peak

Because of the increase in energy prices, the highest inflation of nearly three years occured last December in the euro zone – according to Eurostat’s statement, published on Wednesday. According...

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The innovative SMEs can receive 160 million euros fundings in eight EU countries

The European Investment Fund (EIF) and the UniCredit bank signed a guarantee agreement through which innovative small and medium-sized enterprises (SMEs) and mid market capitalized companies can apply for 160...

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The Czech Republic has tightened the conditions of the sales of cask wine

The conditions of the sales of cask wine was tightened in the Czech Republic to suppress “wine counterfeit ” and the black market. The Czech parliament adopted the amendments of...

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Food producers meet in Lébény

NAK’s Győr-Moson-Sopron County directorate organised its traditional end-of-year food industry forum in Lébény. The main topic was the marking of food products, as from December new nutritional value marking rules...

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Chamber popularises agri-food vocations in Szombathely

On 9 and10 November 2016 the Vas County Government Office organised its school and job expo for the 19th time in Szombathely. With the goal of popularising agri-food related studies...

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Fazekas: the Hungarian agriculture is strengthening

The Hungarian agriculture is strengthening. This process is shown by the growing performance of the industry, expanding contribution to the increase in GDP growth and employment as well. Also Hungary...

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Agriculture is the least indebted sector

According to the National Bank of Hungary, the data of the past five years suggests that the national economy’s overall failure rate for the second quarter of 2016 can be...

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