Market News
One-third of the EU’s trade was concluded with the USA and China in 2016
The European Union concluded one-third of its trade with the USA and China in 2016. Hungary’s largest trade partner remains Germany – Eurostat reveals in its report published on Wednesday....
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Margarine brands getting stronger
Margarine manufacturers are still struggling to change the negative general opinion about the category. Although product ingredients have been modernised in the last few years and many positive characteristics of...
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There isn’t enough rapeseed oil in Europe
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of...
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Optimistic islanders
In the United Kingdom, the political and economic uncertainty after the Brexit vote didn’t have an influence on consumers’ mood in Q4 2016, because real wages were rising all year...
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Magazine: Growing market share for low fat cottage cheese
Although cottage cheese isn’t a real seasonal product, sales rise in December when people cook and bake more. Private label products are strong and the importance of discount supermarkets is...
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Based on facts only!
I think if one does something, they should do it well or at least give their best. Most of the time it takes just as much time to do something...
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Whitening the milk market
A couple of weeks ago a new data providing regulation entered into force, the goal of which is to whiten the milk production and distribution sector. It has been a...
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FM: the spring seasonal food chain control has started
The spring seasonal food chain control has started. The country-wide monitoring takes place between March 20 and April 17 – the Ministry of Agriculture (FM) told MTI on Tuesday. The...
Read moreThe Agricultural Chamber Act may be amended
The National Assembly’s Agriculture Committee – with the majority vote of the MPs, with one abstention – scheduled the bill on the amendment of the Agricultural Chamber Act. For thr...
Read moreThis year’s tobacco producing and sales contracts were concluded
The two major acquiring companies have already concluded 99 percent of this year’s product sales contracts with the tobacco producers. Minimum number of contracts are expected for Burley tobacco varieties...
Read moreThe large companies expect higher revenues but lower profits for this year
Following the upturn in domestic trade the large companies in Hungary expect higher revenues but lower profits this year – the research of the K&H Enterprise Growth Index showed. The...
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Hungarian meat exports to be launched to the Philippines
After lengthy negotiations, three Hungarian companies received authorization to begin the export of Hungarian meat to the Philippines – Szijjártó Péter Foreign Economic Relations and Foreign Minister announced on Tuesday...
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All EU proposals will be announced by the end of the week
Until 2020, the country will receive approximately 9 thousand billion HUF from EU funds, while roughly three thousand billion HUF will be from the state budget – Bánki Erik (Fidesz),...
Read moreThe Slovak stores will be closed on all public holidays
The Slovak legislature on Tuesday in Bratislava approved the amendments to the Labor Code, which extends the store closure on public holidays. The amendment tabled by the ruling coalition take...
Read moreLondon remains the world’s leading financial center
According to the latest investor survey London is still the world’s top financial services center, but only because the outcome of the US presidential election caused as much damage to...
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Hungary is taking part in a project aimed at the development of innovative home care products and services
Hungary is taking part in a Hoca (development of innovative home care products and services) project. The program is implemented with the support of the European Union’s European Regional Development...
Read moreRising food prices in the world market
Once again the FAO food price index grew in February – for the seventh month in a row – and the increase was mainly driven by rising wheat and corn...
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Nielsen: The market continues to grow
Fruit juice retail sales were up 8 percent in value and the size of the market exceeded HUF 52 billion between February 2016 and January 2017. In the same period...
Read moreThe sales of the Hungarian breweries increased by 2.5 percent last year
Last year, the sales of the Hungarian breweries increased by 2.5 percent. Mainly the exports pulled the sales. According to the beer market indicators published by the Association of Hungarian...
Read more(HU) GKI: 2,5 éves csúcsára jutott a konjunktúraindex márciusban
The GKI sentiment index is increasing for the fifth consecutive month in March. There were no significant changes, but the index reached its peak of the past 2.5 years –...
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SPAR renewed communication
The SPAR Magyarország has launched a new image campaign with the new “Quality. I Love It” slogan from 23 March. The campaign emphasizes the core values of the business chain....
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NGM: the growth in household incomes is faster than growth in retail
The strengthening of Hungary is indicated by the increase in household income that exceeds the growth of retail. The data indicates that the propensity to save of the households remains...
Read moreChamber of Agriculture: frost damages can be reported until 15 April
The farmers can claim compensation for frost damages until 15 April; the notification of frost damages will be no longer be possible after the deadline – the National Association of...
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NGM Minister of State: a strong surge in investment is expected in the next few years
Powerful surge in investment is expected in the next few years, Hungary’s investment rate will be over 20 percent in the long-term – Hornung Ágnes, Minister of State of the...
Read moreThe grain-processing plant in Tiszapüspöki will be raedy for the summer
The grain-processing factory of the Tisza-TK Projekt Kft. in the outskirts of Tiszapüspöki is expected to be completed in the summer from about 45 billion HUF – the Managing Director...
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Brexit – British food sector: a free trade agreement with the EU is essential
According to the British food producer and retail networks, the sector will definitely need a free trade agreement with the European Union after the termination of the British EU membership....
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The foundation stone of Hungrana’s new new biomass power plant was laid in Szabadegyháza
With the one and half billion HUF investment the Hungrana Kft. will one hundred percently fulfill its steam and heat demand used for the production. Fazekas Sándor Minister of Agriculture...
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New Hungarian startup
It was the Startup Capital Programme of Hiventures, the venture capital management fund of the Hungarian Development Bank (MFB) that financed the startup which developed the detergent and cleaning product...
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NGM: several programs to help SMEs digitization
The “factory model” program that was launched this year promotes the technological development of the small and medium-sized enterprises (SMEs), as well as the dissemination of digital information and communication...
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FM: meat from Brazil is inspected at the Hungarian border posts
Bognár Lajos Chief veterinarian ordered the increased testing of meat products coming from Brazil, after the Brazilian authorities have revealed serious irregularities at the largest meat processing companies of the...
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