Market News
Hungarian-Chinese food safety memorandum of understanding was signed in Budapest
Date: 2016-09-22 11:18:10
Fazekas Sándor, Minister of Agriculture and Chiang Chin-zsung, the Vice-Minister of the China Quality Inspection and Quarantine Bureau (AQSIQ) signed a food safety memorandum of understanding for dairy products and...
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NGM: More than three billion HUF to improve the conditions of children's meals
Date: 2016-09-22 11:10:07
The government intends to give more than three billion HUF to improve the conditions of children's meals. Berczik Ábel Deputy Minister of State for the Ministry of National Economy (NGM)...
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To sell alcohol at night was banned in Kiev
Date: 2016-09-22 11:00:00
In Kiev banned the sale of alcohol at night. The decision was taken at a meeting of Council 22 September, it was supported by 86 deputies. Restrictions will apply from...
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GKI: balance-worsening changes are about to start
Date: 2016-09-22 10:48:25
This year’s economic growth is slower than last year’s 2.9-percent expansion, due to less funding from the EU and fewer government investments. Just like in the 1st quarter of the...
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Savings Bank: GDP may increase by 2.2 percent this year and by 3.3 percent next year
Date: 2016-09-21 11:55:51
The Hungarian economy may grow by 2.2 percent this year, while by 3.3 percent next year, according to the most recent forecast of the Savings Bank (Takarékbank Zrt.). The government...
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NÉBIH: the GMO-free production rules have become stricter
Date: 2016-09-21 11:45:58
The rules of the GMO-free production have become stricter. The regulation defining the rules of genetically modified organism-free production and the conditions for the distribution of GMO-free food and feed...
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It is crucial to improve competitiveness in the agricultural sector
Date: 2016-09-21 11:42:14
The uncertainties of the post-2020 EU support system and the increasing market competition both show that it is essential to improve competitiveness in the agricultural sector – Győrffy Balázs, president...
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The market share of the wholesale market is 40 percent in the fruit and vegetable retailing
Date: 2016-09-21 11:40:57
The Budapest Wholesale Market’s share is around 40 percent of the fresh fruit vegetables retail market turnover. Last year, more than 168 thousand producers’ access were registered, which means that...
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Wage growth may accelerate analysts say
Date: 2016-09-21 11:35:30
The pace of wage growth slowed slightly in July, compared to the previous month, but wage growth may re-accelerate from autumn in the public sector, due to the planned increases,...
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Four out of ten employees are looking for new jobs in the fall
Date: 2016-09-21 11:18:20
Although according to the great majority of the Hungarian workers it is harder to find a job during the summer, many of them immediately started job seeking after the summer...
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The deficit in the Romanian agricultural trade balance has more than tripled
Date: 2016-09-21 11:02:34
In the first half of this year, the deficit in the Romanian agricultural trade balance has more than tripled, compared to the year before. Food exports decreased by 4.9 percent,...
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Every other shopper checks food products’ place of origin
Date: 2016-09-21 10:54:31
Only every second Hungarians are influenced in their buying decisions by which country a product comes from. What is more, from them only every third are consciously looking for Hungarian...
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Groceries were advertised most frequently in June
Date: 2016-09-21 10:52:56
The ads of FMCG retailers reached the most 18-49 year old television programme viewers in June 2016 – reported Nielsen Audience Measurement Kft. In June 2016 the average viewer came...
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0.3-percent drop in consumer prices in July
Date: 2016-09-21 10:51:01
In July like-for-like consumer prices decreased by 0.3 percent on average – according to the Central Statistical Office (KSH). In comparison with July 2015, food prices increased by 0.2 percent....
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Probiotic, but not yogurt: What is it?
Date: 2016-09-21 10:00:11
Good news for consumers suffering from milk protein allergy or lactose intolerance, and for vegan people: a young Hungarian researcher is experimenting with probiotic fruit juices. Nikoletta Annamária Farkas, a...
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Magazine: Gluten-free products have the potential to generate two-digit sales growth
Date: 2016-09-21 09:57:25
In the last few years consumer demand increased for gluten-free products. In part this is the result of more and more consumers suffering from gluten intolerance, but the number of...
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Significant technological improvements should be implemented in the food industry, according to vice president of NAK
Date: 2016-09-20 11:50:30
The Hungarian food industry can get out of its difficult situation by increasing competitiveness. This can be achieved with the significant development of the technology and by increasing the scale...
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FM: a record yield is expected
Date: 2016-09-20 11:45:51
A record yield, or near-record harvest is expected in case of several crops this year, despite the adverse weather conditions – the Minister of Agriculture told at a press conference...
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KSH: earnings rose 5.1 percent in July
Date: 2016-09-20 11:34:57
The average gross earnings amounted to 256.9 thousand HUF in July, 5.1 percent higher than a year ago, while in January-July, the gross earnings increased by 5.9 percent, compared to...
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The cattle population has continued to grow
Date: 2016-09-20 11:33:33
The cattle population has continued to grow and the number of sheep increased as well in a year, while pig and chicken stocks fell, and the number of poultry remained...
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NGM: real wages are increasing in Hungary for forty three months
Date: 2016-09-20 11:33:06
The positive trend continues in Hungary. Real wages are increasing in Hungary for more than three years ie forty three months – Cseresnyés Péter, Minister of State of the National...
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Poland suspends retail tax collection
Date: 2016-09-20 11:05:27
Poland in response to the action launched by the European Commission suspends the retail tax collection and adopts a new, tax law amendment taxing large-area stores – Pawel Szalamacha Polish...
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Ten questions about drinking alcohol while pregnant and you always wanted to know the answer
Date: 2016-09-20 11:03:02
Does a little wine hurt the baby during pregnancy? I drank alcohol before I found out that I was pregnant. Will my baby be alcoholic? Can I consume non-alcoholic beer...
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Prosperity is magnetic
Date: 2016-09-20 10:12:27
The population of the United Kingdom is 64.1 million and the employment rate is 52 percent. Economic growth was 2.8 percent in 2014 and 2.2 percent in 2015. Per capita...
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Nébih: only a few Hungarian food products do not meet the EU standards
Date: 2016-09-19 11:40:26
In the food and feed safety alert system (RASFF) of the EU, only 0.7 percentage were Hungarian-produced products – the National Food Chain Safety Office (NÉBIH) sent the European Commission's...
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NGM: applications, supporting capacity building and facilitating market entry have received support
Date: 2016-09-19 11:25:42
New support decisions were born within the Economic Development and Innovation Operational Programme (GINOP). Now 26 developments won approximately 375 million HUF development funds – Rákossy Balázs, Minister of State...
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SMEs spend less than 1 percent of their turnover on info-communication
Date: 2016-09-19 11:19:58
According to a survey, the majority of domestic small and medium-sized enterprises (SMEs), spend less than 1 percent of their turnover on info-communication, while every second company believes, that IT...
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The government gives an additiobal 3.5 billion HUF to renovate the market in Békásmegyer
Date: 2016-09-19 11:19:41
The government supports the renovation of the market in Békásmegyer with an additional 3.5 billion HUF – the Minister of National Economy announced in Budapest on Monday, at a press...
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Storm clouds are gathering, another company liquidation wave may come
Date: 2016-09-19 11:18:39
In August 2016, the registry court registered 1689 newly established companies, which still falls short of the low numbers for the previous period. “The lower company incorporation number in August...
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The stuffed cabbage can be a Hungarikum
Date: 2016-09-19 11:02:46
The stuffed cabbage can become a Hungarikum, Fazekas Sándor, Minister of Agriculture said at the stuffed cabbage festival in Mezőberény – agrarszektor.hu wrote. The stuffed cabbage has a good chance...
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