Market News
Inflation increased in the euro zone and in the EU in July
Inflation continued to rise in July in the euro zone and in the European Union – EU’s statistical office, the Eurostat reports. In July, annual inflation rose to 0.2 percent,...
Read moreRecord wheat crop in Romania
This year, 8.41 million tonnes of wheat was grown in Romania, which is the best harvest in the last ten years – Achim Irimescu Romanian agriculture minister said. According to...
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Counterfeit clothes were seized at the border crossing in Beregsurány
More than 3,200 pieces, 40 million HUF worth counterfeit garments were found by the finance guardians of the National Tax and Customs Office (NAV) in six vans, preparing to leave...
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Romanian walnut exported to Western Europe in Hungarian packaging
As a result of a joint project – a 29-member cluster – by the Hajdú-Bihar County Chamber of Commerce and Industry and Enterprise Europe Network (EEN), Romanian walnut is going...
Read moreOpten: the domestic food industry is stagnating
According to Opten, the Hungarian food industry is stagnating. According to the data, the growth in the sector has stopped both in terms of revenues and the number of employees...
Read moreFood surplus remained
The export of agricultural and food products reached 2 571 million euros, while the import reached 1 684 million euros in the first four months of 2016. The agricultural foreign...
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Apricot growers may close a successful season
The harvest of apricots is close to completion. Experts expect a good crop both in quantity and quality. The apricot-growing areas were not affected by the frosts at end of...
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Dairy Product Board: A slowdown in domestic raw milk prices
According to the press release of the Dairy Product Board, there is no doubt that the loss of domestic raw milk prices continued in July, but the rate of decline...
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Price forecast for autumn cereal seeds was published
The Seed Association Interprofessional Organization and Marketing Board this year also announced the indicative price for the seeds of the winter cereal crops (winter wheat, winter barley, triticale). The price...
Read moreHENT: third of young people bought counterfeit products in the past year
The Hungarian youth consider companies that are manufacturing original products as the biggest victims of counterfeiting. However the Hungarian young people care less about the economic and social impact of...
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The market wants traceable products
In the last 1-2 years demand for reliable product data increased in logistic processes. Regulation 1169/2011 of the European Union entered into force in December 2014. It regulates how consumers...
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Reliable or not
1 May is the date when the tax authorities start the first-quarter classification of tax payers. However, only those tax payers received electronic notification who were deemed reliable or risky...
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The Hungarian population is expanding its consumption
On the basis of the retail data, consumption is expanded in the last period, but the population is also trying to repay its previous debts, loans and willing to increase...
Read moreHungarian sweet corn is popular in Europe
Half a million tons of corn will be transported to the production plants this year. As it was said at Syngenta’s event in Hajdúszoboszló: a large part of the crops...
Read moreMandatory nutrition labeling is important due to the spread of health-conscious lifestyle
The healthy diet is increasing all in the world and in Hungary as well. People are more and more conscious for on food energy content, therefore the mandatory nutrition labeling...
Read moreGVI: SME sector’s business confidence index decreased in the second quarter
According to the data of the Hungarian Trade and Industry Board (MKIK) and Economics and Business Research Institute (IEER) July survey, the business climate index in the small and medium-sized...
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GfK: the market for technical consumer goods grew by more than 10 percent
The sales of durable technical goods increased by 10.6 percent in Hungary in this year's second quarter, compared to the same period of last year. The total turnover amounted to...
Read moreA model Farm construction began in Budakalász
An eco-tourism demonstration area an adventure park, and a kind of model farm is being built on the outskirts of Budakalász fom 100 million HUF. The local government covers the...
Read moreV4 countries urge measures in the dairy and pig markets
The agricultural chambers of the Visegrád Four (V4) countries – the Czech Republic, Poland, Slovakia and Hungary – want further steps to help the dairy and pig sectors. V4 countries...
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Magazine: Conference at Sirha
The Guild of Hungarian Restaurateurs (MVI) organised a very interesting conference at Sirha Budapest. Roundtable discussions were held in four topics and the first theme of discussion was the problems...
Read moreNutrition labeling on foods will be mandatory from mid-December
It will be mandatory to indicate the nutrition information on prepacked foods from 13 December – the National Food Chain Safety Office (NÉBIH) told MTI on Tuesday. According to the...
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The Bakers’ Association introduces a trademark for Hungarian bakery products
The Bakers’ Association introduces a trademark for those Hungarian bakery products which are made in Hungarian plants, from Hungarian materials, with Hungarian labor force, which is a guarantee of quality...
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That is how to pair beer with food
The Association of Hungarian Brewers shows the beer-food matching pairs on an information graphics.The Beer Guide of the Beer Association helps what kind of beer should we choose for main...
Read moreThe new tobacco regulation enters into force on Saturday
The new government regulation, regulating the packaging of the tobacco products will enter into force on Saturday. According to the regulation, the new tobacco products will be marketed in an...
Read moreVAT on internet to be reduced despite the rejection of the European Commission
Despite the refusal of the European Commission, the government will reduce the VAT on internet services from January 2017 – Világgazdaság wrote on Tuesday. Világgazdaság recalled that the European Commission...
Read moreFeketelista.hu: the number of company liquidation is continuing to decline
The reduction in the number of company liquidation is continuing. In the first half of this year 20 percent less 4333 firms were liquidated, compared to last year’s same period....
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Nézőpont: the majority supports the government actions against black economy
The majority of the Hungarian population supports government operations against the gray and black economy – according to the most recent survey of the Nézőpont Intézet (Viewpoint Institute). According to...
Read moreEconomic sentiment improved in Europe's largest economy
Economic sentiment improved in August in Germany and in the euro zone – according to survey of the Mannheim-based ZEW economic research institute. The German economic sentiment index improved by...
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Illegal spraying against potato beetles
Some domestic small-scale farmers are tired of the vain attempt to exterminate the potato beetles with commercially available sprays. Thus, the watchful farmers buys the effective and proper insecticide from...
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A French cheese was withdrawn from circulation
An E. coli bacteria contaminated French cheese was withdrawn from circulation by the authorities – magyaridok.hu wrote. The information came via the EU’s rapid alert system. The product was available...
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