Market News
US retail increased faster-than-expected
On a monthly basis US retail sales increased by 0.6 percent in June, which exceeded the 0.1 percent growth forecasting consensus – portfolio.hu wrote. According to the Trade Ministry, retail...
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Tisza fish soup was added to the National Depository
The Tisza fish soup was added to the National Depository specified by the Hungarikum Commission – the Minister of Agriculture announced on Saturday, in Tiszaderzs, Jász-Nagykun-Szolnok county. Fazekas Sándor told...
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Euro-zone external trade surplus increased in May
The Euro-zone accumulated surplus of 24.6 billion euros in May in trade with the rest of the world. It is more than 34 percent higher than the 18.3 billion euros...
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Pininfarina to design Zetor tractors
The tractors are no longer just simple machines, but also a kind of status symbols: internal technical content and external appearance is important as well – agrarszektor.hu wrote. The Zetor...
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BOMBAY SAPPHIRE, the jewel of gins
The Bombay Sapphire gin is characterized by softness like no other, which is based on the harmony of 10 unique ingredients. The lemon peel, the fleur-de-lis root, the cassia bark,...
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Caffeine is healthy in the EU
Danish MEP Christel Schaldemose disagrees with the European Commission’s recent proposal that energy and sugary drinks should be allowed to claim on their labels that the caffeine in them boosts...
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International bioenergy week in Budapest
Budapest was the host of the 4th Bioenergy Week in the middle of June. The event was organised by The Ministry of Agriculture and FAO. There were 70 participants at...
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Magazine: Recruiting new workers takes hard work
Trade magazin and Chain Bridge Club invited four prestigious speakers to their Business Dinner event, where decision-makers from the FMCG sector and economic experts met to discuss topical issues of...
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Fruit prices have not jumped despite lower yields
Due to the spring frosts – in April and in early May, which decimated the crop – about 30-35 thousand hectares of orchards suffered damage. It is estimated that 250-300...
Read moreAttractive prices in the Hungarian stores
The strenghtening of the Hungarian wages can be already felt in cross-border stores, however, more and more foreigners are arranging their large shoppings in Hungary; However, the latter spend twice...
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The Nébih only found marking error when checking cooking oils
The National Food Chain Safety Office (Nébih) tested 15 kinds of cooking oils within the nationwide control series. The products have passed the standards, marking errors, however, were found at...
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Whitereport.hu: the sales revenue of the top 100 media companies in Hungary increased by 1 percent last year
Total net sales of the 100 largest media companies in Hungary was around 256 billion HUF in 2015, one percent higher than in the previous year – according to the...
Read moreThe stocks of leased agricultural machinery expanded
The stocks of the leased agricultural machinery continued to expand, in this year's first quarter. In case of the new and used agricultural machinery, the financed stocks reached 79 billion...
Read moreThe Brexit and the British supermarket chains
The British-owned supermarket chains – such as Tesco and Marks & Spencer – may be affected badly with the effect of weakening pound caused by the Brexit and more expensive...
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The Bečov drink collection’s value is about 30 million crowns
The current value of the drink collection which was found in 1985 in the western Bohemian Becov nad Teplou castle is about 30 million crowns (345 million HUF). Andrea Grecmanová,...
Read moreIncrease in the price of wheat and corn at the commodity exchanges
The price of wheat and corn slipped back badly early summer. But a week ago the exchange rate began to rise – tozsdeforum.hu wrote. Vetter Péter, salesman of Solar Capital...
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Half a billion forint profit by Gyulahús last year
Gyulahús Kft. closed last year with a profit bigger than HUF 500 million. Back in 2013 the company’s profit was HUF 30 million, which grew to HUF 160 million in...
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New grant programme for agricultural producers
Farmers can apply for funding from a budget of HUF 19.68 billion in a new grant programme announced by the Prime Minister’s Office. The money is available for creating crop...
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Buffalo farm in Mezőtúr
As a result of a HUF 330-million investment, Italian-Hungarian joint venture Italiagro Kft. opened a buffalo farm for milk production purposes in Mezőtúr. The milk produced here will be used...
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Hungarian mineral water and vinegar win awards in Brussels
Veritas Gold’s natural mineral water and Buszesz’s Chef apple cider vinegar were rewarded with prizes at a prestigious competition in Brussels. Veritas Gold’s award shows that Aquarius-Aqua Kft.’s development work...
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Magazine: Big tax changes
There will be great changes in tax rules as of next year. The Hungarian parliament voted with yes to Minister of National Economy Mihály Varga’s proposal to amend the tax...
Read moreForty billion HUF for the development of the wine industry
The Prime Minister's Office published a forty billion HUF call for proposals to support the wine industry – the Minister of State of the Prime Minister's Office announced on Tuesday...
Read moreThe Kopint-Tárki expects 2.2 percent growth for this year, and a 2.7 percent growth for next year
The Kopint-Tárki decreased its Hungarian economic growth forecasts (forecasted in April) from 2.4 per cent to 2.2 per cent, while next year’s forecast from 2.9 to 2.7 per cent –...
Read moreThe ULT does not process more tobacco in Nyíregyháza
The processing plant of the Universal Leaf Tobacco (ULT) Magyarország Zrt. in Nyíregyháza will terminate its tobacco processing activities. The processing of the Virginia and Burley tobaccos will be transferred...
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Fazekas: the Hungarian watermelon is popular abroad
The Hungarian watermelon and seedless watermelon is also popular on the export markets. Hungary mainly transports them to Germany, Poland, the Czech Republic, Slovakia and to the Nordic countries –...
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The Chamber of Agriculture launches an energy efficiency audit service
The National Chamber of Agriculture launches an energy audit service to its large corporate members. The National Chamber of Agriculture developed a service and an online system. The service is...
Read moreThe per hectare wheat yield is six and a half tonnes in Tolna County
Approaching to the half of the harvest, the per hectare winter wheat yield is six and a half tonnes in Tolna County, where winter barley and canola also have outstanding...
Read moreEight times more contraband cigarettes were seized in the first five months of 2016 than in the first five months of 2015
In the first five months of this year, eight times more contraband cigarettes were seized, compared to the same period of last year, according to the data of the National...
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This year's PET Cup cleansed the Tisza from forty-five thousand plastic bottles
The participants of the PET Cup gathered this record amount of plastic bottles in the Upper Tisza region. The self-built fleet of plastic bottle vessels collected this huge amount of...
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Magazine: Multifunctional expectations in hair care
In the last few years consumers started economising a little in buying cosmetic products, too. Before the economic recession they were using 2-3 different products for the same purpose, but...
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