Market News
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...
Read moreFM: 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...
Read moreGermany 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...
Read moreInvitel: 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...
Read more
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...
Read more
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...
Read more
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...
Read moreFuel 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...
Read more
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.,...
Read moreRaiffeisen: 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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read moreThe EC expects a growth in the number of pigs in Europe
The European Commission expects a slow but steady increase in the European Union’s pig meat production from 2018 until 2026. According to the projection, the output will be around 23.9...
Read moreThe Hungarian SMEs can apply for 2362 million euros this year
The Hungarian small and medium-sized enterprises (SMEs) this year will be eligible to apply for 2362 million euros, while in Croatia, Romania and Bulgaria the amount is much less –...
Read more
This can be the year of colza
European farmers have already turned their attention to the growing demand for colza. The Agricultural Economics Research Institute in its analysis pointed out that the growing area of colza increased...
Read more
The Prime Minister’s Office suspends the application for the development of sheep and goat farms
The Prime Minister’s Office suspends the application for the development of sheep and goat farms, from 20 January due to the depletion of the availability of resources. For the almost...
Read more
Hungary’s leasing market expands above the European average
Although the economic performances of several European countries are rather poor, the leasing market expanded by 10 percent on average by the end of the third quarter, while in Hungary...
Read moreAgricultural producer prices decreased by 5.2 percent
Agricultural producer prices fell 5.2 percent in October, compared to the same period of the previous year. The decrease consists of the 9.7 percent price decrease of the crops and...
Read moreFM: the winter seasonal food chain control was concluded successfully
The results of the winter seasonal food chain control improved significantly last year, compared to the previous years – the Ministry of Agriculture (FM) told MTI on Monday. According to...
Read more