Market News
The Hungarian countryside could be more profitable according to the mountain communities
The Hungarian countryside could be more diverse and more profitable by making better use of local values, which could increase profitability and attract young people – Légli Ottó president of...
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A tripartite cooperation agreement was reached to develop the data service for the dairy sector
A cooperation agreement was signed on 14 November, in Velence by the Agricultural Research Institute (AKI), the National Food Chain Security Agency (NÉBIH) and the Milk Interprofessional Organization and Product...
Read moreBlack Friday is coming: Nearly 3.5 million people count on it
Black Friday has taken Hungary last year and this year it will continue to grow: in 2017 more than 3.3 million adult Hungarian Internet users are planning to buy during...
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Chinese container traffic to Hungary can increase significantly
The Chinese container traffic to Hungary can be increased many times thanks to an agreement on the development of the Chinese-Hungarian logistics cooperation – the Hungarian Logistic Service Centers Association...
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28,000 food and beverage vending machines should be equipped with the automation monitoring unit
It is still unclear how many beverage and food vending machines will be operating in the country after 1 December, because the automation monitoring units need to be installed in...
Read moreNielsen: the turnover of Hungarian retailers is silver medalist in Europe
In the third quarter of 2017, the retail trade in Hungary grew by 5.3 percent, compared to the same period of the previous year, on the food and chemical market...
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Internet users plan to buy Christmas gifts for 35,000 forints this year
Árukereső.hu surveyed the donation plans of the Internet users for this year. The survey revealed that as Christmas is approaching, we are much more open to shopping online. By utilizing...
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KSH: agricultural producer prices have continued to accelerate
In September, the prices of plant products increased by 4.0 percent, while the livestock prices increased by 7.9 percent. The agicultural producer prices were 5.5 percent higher than in the...
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A Hungarian innovation, the TájGazda quality certification system can participate at an international application
The Veritas Cultural Association’s Origin and Quality Certification Scheme received a national award at the Quality Innovation Award 2017 application of the European Quality Organization’s (EOQ) Hungarian National Committee, so...
Read moreHarvesting is coming to an end soon
This year’s harvest is about to end. Slightly more than 10 million tons of autumn crops were harvested this year, compared to last year’s 12.3 million tons – the Minister...
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NAK asks for support for small-scale horticulturists
The storm at the end of October caused massive damages to the foil tents throughout the country, causing many small farmers to go bankrupt. The National Chamber of Agriculture has...
Read moreRetail sales increased in the United States
In October, retail sales increased slightly in the United States, according to a statement issued by the Census Bureau published on Wednesday. Retail sales increased by 0.2 percent in the...
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KSH: GDP rose by 3.6 percent in the third quarter
The Gross Domestic Product (GDP) increased by 3.6 percent in the third quarter, compared to the same period of last year. Growth was 3.8 percent calendar effect adjusted, according to...
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The first independent, comprehensive survey on the Hungarian drinking beer habits has been released
The survey focuses on quality beer culture, beer knowledge and consumption habits and wants to map out the Hungarians’ beer relations. The research runs together with the Beer of the...
Read moreViticulturists and winemakers will receive 45 billion HUF
A total of over 45 billion forints (ie 29 million euros a year) EU funds are available to support the grape and wine sector in the five-year period lasts until...
Read moreThe traces of “the oldest wine of the world” were found in eight thousand years old pots
Canadian scientists found 8,000-year-old pottery fragments that have revealed the earliest evidence of grape wine-making. The jars containing wine compound residues that were found in two sites south of the...
Read moreThe German economic sentiment continued to improve
The German economic sentiment of the Mannheim-based ZEW Institute for Economics increased to a record peak in November. The survey also showed an improvement in the perception of prospects in...
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Eggs with a trademark offer safety
Hungary’s egg market was also affected by the Fipronil scandal, because then country produces only 75 percent of the eggs it consumes. Contaminated eggs were pulled from the market, which led...
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Magazine: GKI calculates with better-than-expected years to come
Due to the great rise in the level of investments in the 2nd quarter of the year, GKI raised its growth forecast from 3.5 percent to 3.8 percent for this year...
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AMC: Community agri-marketing is the future
The domestic companies have realized that they can only survive on the market by promoting their products not only with high quality, but with targeted marketing actions and by higlighting...
Read moreThe IMF has improved its forecast growth for the Hungarian economy
The IMF has raised its annual growth forecast for Hungary this year by 0.3 percentage points to 3.2 percent in its autumn regional economic forecast from the 2.9 percent forecasted...
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The Hungarian Post has expanded its logistics capacity
In several settlements, the Hungarian Post (Magyar Posta) has expanded its package processing capacity with more than 21,000 square meters this year – the company told MTI. The Hungarian Post...
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European consumer complaint trends
Compared to the number of advertisements published in Europe, the number of complaints in connection with advertisements is low, but the 65,000 complaints give much work to the European Self-Regulatory...
Read moreThe domestic corporate sector has a stable future view
Based on the latest third quarter results of the K & H growth index, the stability of the largest domestic companies is clearly evident. In the following year, 2.3 percent...
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Nádudvari invests billions in development and launches new products
Hungarian-owned Nádudvari Food Kft.’s history started in 2007. The company’s sales were up HUF 1 billion in each of the last four years; this year’s sales revenue is expected to be...
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FM: The sheep population is growing
The sheep population is growing in Hungary year after year, and more and more people deal with sheep breeding – Czerván György Minister of State of the Minister of Agriculture...
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Nébih tested more than 1,000 products under the Szupermenta program
Nearly 20,000 laboratory tests were performed by the National Food Chain Safety Office (Nébih) on 1029 products over the last 3 years under the Szupermenta program. According to Nébih’s Friday...
Read moreThe highest yield per hectare of fodder crops is in Tolna county
The average yield of maize per tonne in Tolna County exceeded eight tonnes. Most of the yield is processed by domestic bioethanol factories. According to the data of the National...
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