Market News
The agricultural ministry aims to strengthen the producers' communities
The establishment and operation of the producers' communities is one of the cornerstones of the successful implementation of the Origin Protection Program – Gál Péter, Deputy Minister of State of...
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The export may pick up again in the coming months
In the coming months the export picks up again because the industry weakness’s was probably temporary and the European economic data also indicate an upturn – analysts commented the latest...
Read moreWithout foreign workers British food would be more expensive
The UK’s largest food companies, according to higher prices and less choice than at present would gain food to British consumers if the sector could not be free of foreign...
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Trading House: bilateral agreement helps the Hungarian-Slovak relations
The Slovak-Hungarian economic relations are expanding dynamically. In order to the continuous growth, the Hungarian National Trading House (MNKH) and the Slovak Investment and Trade Development Agency (SARIO) signed a...
Read moreConsumer confidence improved in the USA
Consumer sentiment in the US improved more than expected in December, according to preliminary figures released on Friday, as Americans reckoned President-elect Donald Trump’s policies would boost economic growth. The...
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Milk’s purchasing price grows again
In August 2016 agricultural production prices decreased by 2.6 percent from the level of August 2015 – reported the Central Statistical Office (KSH). This decrease was driven by the price...
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FM: soybean crop may be 181 thousand tonnes this year
This year, 181 thousand tons of soybeans can be transported into the granaries, about a quarter more than in 2015. The yield has improved significantly to 3 tonnes per hectare...
Read moreThe new generation has arrived: a record year in corn business
The experts are basically optimistic about the Hungarian corn situation and this year's records also support this – agrarszektor.hu wrote. Many people emphasized during the Agricultural Sector 2016 conference that...
Read moreThe inflation rate was above 1 percent in November
In November, consumer prices were on average 1.1 percent higher than a year before. Compared with the previous month, prices increased by an average of 0.1 percent – the Central...
Read moreNAV: the illegal cigarette market has decreased
The proportion of the cigarette black market significantly decreased the this year, compared with a year before – the National Tax and Customs Office (NAV) told on the basis of...
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KSH: export and import declined in October
In October, the value of exports in euros decreased by 1.1 percent, while the value of imports in euros declined by 3.5 percent, compared to a year before. The trade...
Read moreFM: 324 billion HUF to adapt to the climate change
In Hungary, almost 324 billion HUF can be spent on the elimination and adaptation to the effects of climate change, from the 1174 billion HUF source of the Environment and...
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The Heim Pál Children's Hospital asks for our help
The Heim Pál Children's Hospital Foundation is pleased to announce: the money was gathered to buy the breathing machine to the Heim Pál Children's Hospital. However, the child health institute’s...
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Consumer spending in the region
Four years ago in the third quarter 76 percent of Hungarians said that they had changed their spending habits if compared with the previous year – the European average in...
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GKI: wage increase prospects for the next year
The low level of wages in Hungary is becoming a more acute problem. While the employees feel the severity of the problem for a long, the employers are beginning to...
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Red Cross fondants under the Christmas tree
The private label Christmas fondants of the Hungarian Red Cross are available from 7 December. The classic red packaging Christmas fondants were made on the basis of the unique recipe...
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The NÉBIH prohibited the distribution of nearly 100 thousand liters of expired apple juice
The inspectors of the National Food Chain Safety Office (NÉBIH) prohibited the distribution of more than 94 thousand liters of expired apple juice. The National Food Chain Safety Office informs...
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NGM: more than eight thousand entrepreneurs have claimed support
More than eight thousand entrepreneurs have claimed support for the purchase of online cash registers. Tamásné Czinege Csilla, Deputy Minister of State of the Ministry of National Economy (NGM) told...
Read moreCorn hybrids were tested for the tenth time
A total of 28 corn hybrids were tested in the corn post-registration variety experiment of the Seed Association Interprofessional Organization and Marketing Board, and the National Association of Grain Producers....
Read moreThe IT system of the EKÁER to be developed further
The government decided to support the further development of the Electronic Road Control System, so prrovides slightly more than 1.5 billion HUF for this purpose – the Magyar Közlöny wrote...
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The economic growth of the euro zone accelerated in November
The rate of eurozone economic expansion accelerated to its highest in the year to date during November. This was highlighted by the final Markit Eurozone PMI Composite Output Index posting...
Read moreAir freight traffic increased in October
The Montreal-based International Air Transport Association (IATA) reported on Wednesday that demand for air freight increased by 8.2 percent in October, the fastest rate of growth in 18 months and...
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Government pays attention to what retailers are saying
On Europe’s Day in Commerce Minister for National Economy Mihály Varga told: retail is one of the most important sectors of the economy and it also plays a vital role...
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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...
Read moreAnalysts are surprised by the retail data
The 2.6 percent modest growth of retail sales is a negative surprise for the analysts, who expected 4.3 percent. The ten-month average is 4.8 percent. According to the report of...
Read moreThe NGM expects a further expansion in retail trade
Retail sales will significantly increase during the Christmas shopping season and in the coming months and years – the Deputy Minister of State of the National Economy Ministry (NGM) told...
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The Áldomás Food Products were introduced in Moscow
The Hungarian National Trading House (MNKH) organized a product presentation banquet and a businessmen meeting on Monday in Moscow using dishes prepared of Áldomás branded premium food products and matching...
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Hungarian Advertising Association: advertising surtax is causeless
The communication of the association points out that street advertising tools are in the focus once again, but this time, for tax purposes. The introduction of the street advertising tools...
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DiVino and Junibor
At its December annual general meeting, the Junibor / Young Winemakers Association once again voted on the new members. Among the young winemakers debuted at this summer’s Green harvest Babiczki...
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The Chamber of Agriculture collects the membership fees
The National Agricultural Chamber collects the membership fees that have not been paid yet, with the help of the Tax Authority. The Chamber wishes to recover a total of 4...
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