Market News

The HIPA is expanding its support system

The support system of the National Investment Agency (HIPA) is extended with new elements from the beginning of next year. As a result the proportion of high value-added projects in...

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Agriculture’s environmental opportunities are expanding

The Hungary’s Environmental Status in 2015 publication was published, which deals with issues including soil quality, water status, the use of water resources, wildlife and landscapes status, changing climate, agriculture...

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Budapest Bank: the domestic companies are cautiously optimistic

Most the Hungarian CEOs are cautiously optimistic in terms of economic prospects. As the result of the increased orders close to 90 thousand new jobs may be created in the...

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Free water

The wells dag without permission secretly or not secretly will give meager “paper work” for the Winter. Due to a legislative amendment, the wells dag without permission before 4 June...

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Zagreb won the title for the most beautiful Christmas market in Europe again

After last year, Zagreb once again won the title for the most beautiful Christmas market in Europe, on the basis of the assessment of the online voters of the European...

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Obligation to report the address of the accounting firm used

As a new requirement of the tax authorities, businesses must report the address of the accounting firm they use if the company’s books are only kept on the computer of...

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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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Vocational education conference in Békés County

NAK’s Békés County directorate organised a vocational education conference in Békéscsaba in the middle of November. There were about 30 participants at the very successful event, from the representatives of...

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New small-scale farmer IDs from January

From January only the new type small-scale farmer IDs are going to be valid. The Hungarian Chamber of Agriculture (NAK) informed that already 190,000 small-scale farmers had received their new,...

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Not all types of eggs will be under the five percent VAT rate

According to the parliament's decision, on 1 January 2017 the VAT on eggs and milk to be reduced. But not all types of eggs will be under the five percent...

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Workania: retailing has become the largest labor recruiter in Hungary

The demand towards sellers and salesmen, cashiers and warehouse laborers increased significantly in the retail trade so this industry has become one of the biggest recruiter in Hungary – according...

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Despite the Sunday store closure has ended, the significance of Sunday decreased in case of card users

The Sunday store closure thoroughly reorganized the consumer habits of the card users: half a year after the lifting of the ban on Sunday working far fewer people are paying...

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Advertising Association: the government undermines the outdoor advertising market

According to the Hungarian Advertising Association (MRSZ), the surtax on outdoor advertisings is not compatible with the EU law and kills the advertising market. They believe that the combined effect...

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Declining wine exports

Hungary’s wine trade balance (excluding sparkling wine and champagne) was positive both in volume and value, however, decreased by 20 percent in volume and by 7 percent in value in...

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The farmers affected by frost and ice can expect generous compensation

Until the November deadline 5005 compensation applications were submitted by farmers to the Agricultural and Rural Development Agency. Proportionately, the most compensation applications (2014 and 800) arrived from Szabolcs-Szatmár-Bereg and...

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Artificial intelligence built in the washing machine

An artificial intelligence solution developed by IBM Watson is built in Whirlpool washing machines. Thanks to this, the Whirlpool washing machine can communicate directly with the Whirlpool tumble dryer, informing...

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Where to invest in 2017

Amid a dense fog of uncertainty, an aging bull will have to find its footing in 2017. Rarely has the way forward been so obscured by the murky policies of...

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Nielsen: Packaging is a dark horse in case of the new hit products

Packaging design is one of the least mentioned tool of marketing, despite it contributes significantly to the success of the new products in the last two years. Nielsen’s “Breakthrough Innovations”...

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Six tons of apples were sold in the apple consumption promotion campaign

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

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There will there be enough meat on our tables

The increase in population and in standard of living both increase the consumption of animal protein, while sustainable development calls for efficiency gains from the livestock breeders. This is a...

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There is a growing shortage of labor in trade

In the third quarter of 2016, labor shortages continued to increase in trade by almost 30 percent in one year. Now there are 4,800 vacant jobs in trade, which is...

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There is still no inflationary pressure in the economy

The November inflation data did not cause a surprise – according to the analysts interviewed by MTI. Despite the wage increases there is still no inflationary pressures in the economy....

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More companies were established in 2016 than in 2015

While it is not the end of the year, the company incorporation numbers of 2015 seem to manage to surpass the numbers of 2016. “Year 2016 was balanced both in...

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Beekeeping cooperatives should be created

The Hungarian apiary society should think about to create cooperatives, the beekeepers can not individually show sufficient strength – the Parliamentary Minister of State of the Ministry of Agriculture (FM)...

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The land use regulation of the vine and fruit tree nurseries has become more favorable

For the initiative of the National Association of Agricultural Economics (NAK) – and on the basis of the decision of the National Assembly – the land use regulation of the...

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Considerable expansion in the sheep and goat sector in the last five years

Between 2010 and 2015 the output of the sheep and goat sector increased by nearly 50 percent. In 2015 the sector produced a value of HUF 20.8 billion (0.8 percent...

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72905.pngAgri-man of the Year competition reaches second stage

Nominations for Agri-man of the Year were accepted until 20 November. In this competition the organisers reward those – in several categories – who not only do an excellent job...

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Eating is an experience

Shoppers want to buy an experience, not just food. According to a recent survey by Euromonitor, in the next few years demand will surge for ready meals and ready-to-cook meals....

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Slight decline in global food prices

FAO's Food Price Index declined slightly in November, marking a mild departure from its steady rise over the course of 2016. The Index decreased by 0.4 percent from October, averaging...

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The vine and wine sector strategy is complete

The National Council of Wine Communities (HNT) is celebrating the twentieth anniversary of its existence. A further cause for celebration is that the vine and wine sector strategy has been...

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