Market News
The increase in oil prices increases the price of agricultural products
Cereal prices may increase significantly, or at least the recently seen rise in oil prices forecasts this trend – portfolio.hu wrote. In the former agricultural inflationary cycles the oil price...
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250 mangalica frams are operating in Hungary
The traditional animal breeding methods – like mangalica – have a priority nature conservation importance, are part of the Hungarian landscape and ethnographic traditions linked to them. They are part...
Read moreThe European Commission expects a 3.5 percent growth for Hungary in 2017 and a 3.2 percent growth for 2018
The European Commission expects a 3.5 percent growth for Hungary this year and a 3.2 percent growth for the next year. The European Commission published its winter economic forecast for...
Read moreHNT: the permanent frost caused damages to the grapes
According to a preliminary survey conducted by the National Council of Wine Communities (HNT) due to the unusually harsh frost in January, this year’s grape production is significantly reduced. Légli...
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Agrarian Chamber of Commerce: fragmented food industrial higher education
According to the vice president of the National Association of Agricultural Economics, food industrial higher education is taking place at several locations in Hungary, so the latest technology can be...
Read moreAgriculture and food industry are the main area of the Hungarian-Laos expansion of trade
The most important areas of the Hungarian-Laos bilateral trade expansion are agriculture and the food industry – said the Ministry of Foreign Affairs and Foreign Trade (KKM) after Szabó László...
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Smart phone for Valentine’s Day
In addition to sweets and rendezvous more and more people give a smart phone for their lovers for Valentine’s Day – privatbankar.hu wrote. Vodafone has carried out a survey among...
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European network helps the exporting of Hungarian companies
Enterprise Europe Network (EEN), established by the European Commission in 2008, is the world’s biggest business development network that helps European small and medium-sized enterprises in 63 countries. EEN’s 3,000...
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Increasing minimum wages
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by...
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EU-level voucher system
As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...
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Magazine: New tax stamp rules
As of 1 January 2017 there will be great changes in the excise duty regulation. These changes are likely to affect – either directly or indirectly – practically all fields...
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Vegetable prices may increase further
The Spanish and Italian producers lost half of their harvest, due to the unusual inclement weather in Southern Europe, so the price of fresh vegetables, has doubled, sometimes tripled –...
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Reduction in VAT may boost fish consumption
The 5 percent VAT reduction of fish meat may boost the Hungarian aquaculture, the production of fishery products and promotes the growth of consumption – Németh István, president of the...
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Skills shortages in the food industry
The education system to be transformed with the entry of the dual method The skills shortage is a an obstacle in the development of food production business sector. According to...
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FM: the EU is satisfied with the Hungarian precautions against avian influenza
The European Union’s food health commissioner is satisfied with the Hungarian authorities’ precautions against avian influenza. Vytenis Andriukaitis EU commissioner indicated that Hungary can continue to count on the financial...
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Continuing strong investment activity and cautious confidence characterizes the agri businesses
Most of the agricultural business decision-makers expect an improvement in their Management environment in the next 12 months – according to the Takarék Agrárhangulati Index (Savings Agricultural Mood index) of...
Read moreAnalysts: the trade surplus remains high, but is less than last year’s record
Because of the consumption and investment growth, as well as the expected rise in international oil prices, last year’s record-sized trade surplus is unlikely to be repeated this year, but...
Read moreDeterioration in consumer sentiment in the US
Due to the worsened outlooks consumer confidence turned pessimistic in the US in February – University of Michigan’s usual monthly survey reveals. The consumer sentiment index decreased to 95.7 points...
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Competitive Hungarian turkey
In November the Hungarian Turkey Association organised its annual conference. Participants learned that Hungary is one of the biggest turkey eating nations. Representatives of the association told: there will always...
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Our agri-food export to Greece has seen better days
Hungary used to export agri-food products in the value of EUR 150 million to Greece after our accession to the European Union, but our direct export has reduced by half...
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Magazine: Greener packaging trends
According to Imre Hopka, managing director of Wanapack Papírfeldolgozó Kft., the challenge ahead of packaging industry companies is to manufacture the lightest box possible, which at the same time offers...
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Nielsen: Hungarians spend the most on travel on the Internet
The boundaries between traditional and online shopping platforms are more and more blur, and those consumers who have already purchased a durable product or service on the internet, typically more...
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FM: reduced VAT on fish and game meat
The Ministry of Agriculture initiates the VAT reduction of fish and venison to 5 percent – agrarszektor.hu wrote. The aim would be to reach more customers with these products. The...
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Avian influenza: the government has to take measures to avoid market loss
The government is investigating the possibility of further measures, because in addition to the current measures the market participants, such as poultry processors need more help. Lázár János Minister leading...
Read moreCIB Fund Management: Hungarian economic growth this year will be above 3 percent year on year
According to the CIB Fund Management, the Hungarian economic growth will be above 3 percent this year, while inflation will be between 2-3 percent. Hajdu Egon, investment director at the...
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KSH: trade surplus was almost 10 billion euros in 2016
The foreign trade turnover surplus was 9.978 billion euros (3107 billion HUF) last year after the 8.595 billion euros of 2015 – the Central Statistical Office (KSH) announced its first...
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MNB: 38 thousand enterprises received favorable financing in the growth loan program
In the three stages of the growth loan program, since June 2013, 38 086 enterprises received favorable financing in a value of 2652 billion HUF – was published on the...
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Promising Russian-Hungarian regional economic cooperation
The Russian-Hungarian regional economic cooperation is a promising opportunity for Hungary – the Minister of Agriculture told MTI by phone after his visit to Smolensk county. Fazekas Sándor reminded that...
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NÉBIH: Do not consume too much chia seed!
Although the chia seed is a hit product, the sales of the products need to meet strict conditions. For example it can not be sold in bulk or mixed into...
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Half a million Dutch cows to be slaughtered
Up to half a million dairy cattle can be killed this year by the Dutch livestock farmers because placing an excessive amount of manure threatens the natural waters – agrarszektor.hu...
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