Market News
Analysts: retail sales growth remains in the long-term
Date: 2016-08-04 11:49:59
Among other things, due the growth of real wages, the increase in employment and the strengthening of consumption, retail sales growth may remain long-lasting for the remainding part of the...
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Watermelon floods Europe
Date: 2016-08-04 11:30:08
The purchase price of watermelon is low not only in Hungary, but all over Europe. There is an oversupply on the markets – the National Association of Agricultural Economics (NAK)...
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FM: conscious management and control in the wine sector
Date: 2016-08-04 11:24:29
The Hungarian wine sector needs conscious management and control, this could be a long-term guarantee of success – the Deputy Minister of State of the Ministry of Agriculture announced on...
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The number of employees continued to increase in the agricultural sector
Date: 2016-08-04 11:22:35
The number of employees continued to increase in the agricultural sector this year; in the first three months, the sector has employed more than 211 thousand people – the Minister...
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Illegal wells may become legal
Date: 2016-08-04 11:17:51
A legislative change appeared recently that will legalize the illegally created wells. The legislative change was initiated by the National Agricultural Chamber and will allow the owners of the wells...
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Retail sales decreased in the EU
Date: 2016-08-04 11:15:12
Eurostat announced that retail trade volume in June in the Eurozone was unchanged from the previous month, while sales decreased by 0.2 percent in the whole European Union. In a...
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Euro zone’s economic growth has accelerated
Date: 2016-08-04 11:10:44
Euro zone’s economic performance increased with a slightly faster pace in July. It seems that the region got over quickly over Brexit – the Purchasing Manager Index (PMI) of the...
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NAK membership registry complete
Date: 2016-08-04 10:47:11
The Hungarian Chamber of Agriculture (NAK) has approximately 400,000 members, from primary producers to sole traders to family farms and food industry enterprises. This year the revenue from membership fees...
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Winemakers allowed to use more grapes for vin de pays
Date: 2016-08-04 10:37:11
Sorry, this entry is only available in HU....
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KSH: retail sales increased by 5.7 percent in June
Date: 2016-08-03 11:58:17
The volume of retail sales in June, increased by 5.7 percent according to both the raw data and calendar effect adjusted data, compared to the same period of the previous...
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The Bakers’ Association suggests VAT rate cuts and clear market conditions
Date: 2016-08-03 11:55:14
The Hungarian Bakers’ Association suggests a reduction of Value Added Tax (VAT) and to create fair market conditions, in the baking industry – Septe József, president of the association told...
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Wheat beers did well in a food safety test
Date: 2016-08-03 11:50:08
Wheat beers did well in the test of the food chain safety authority; 18 products were checked by the staff of the authority and no deficiencies were found – the...
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The tobacco supplier does not infringe EU competition laws
Date: 2016-08-03 11:42:49
The European Commission will not initiate a procedure on the central tobacco supplier – MTI was informed from sources in Brussels. The European Commission has accepted the Hungarian Government's argument...
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NGM: retail is expanding for three years continuously
Date: 2016-08-03 11:41:14
The retail sales are continuously growing for thirty-six months. In the past year, except in January, growth was 4-5 percent each month, compared to the same period of the last...
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The National Council of Wine Communities prepared a comprehensive sector strategy
Date: 2016-08-03 11:35:56
The National Council of Wine Communities (HNT) – in accordance with the cooperation agreement with the Ministry of Agriculture (FM) – prepared a comprehensive sector strategy for the whole Hungarian...
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Red pepper growers should remember that an important deadline will expire
Date: 2016-08-03 11:22:45
The 37/2014 (IV. 4) agricultural de minimis decree of the Ministry of Rural Development (VM) on the support of paprika growers was released. The producers can apply for non-refundable agricultural...
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Bisnode: company liquidations at the low point
Date: 2016-08-03 11:15:30
The number of forced cancellation decreased by over thirty percent, while the number of liquidations decreased by almost twenty percent in the first half of the year, compared to the...
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The irrigation development tender of the Rural Development Programme to be amended
Date: 2016-08-03 11:06:50
In order to effectively implement projects aimed at increasing the irrigated land, the Rural Development Programme’s rural water sector applications to be amended. The submission of grant applications will be...
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Support to easen grape cicada damages
Date: 2016-08-03 11:02:48
Support claims for the spraying of US grape cicada pesticide can be submitted until 15 August. 50 percent support can be claimed after spraying within the 1 May to 31...
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Trends in neighbouring countries: a mixed picture
Date: 2016-08-03 10:46:52
FMCG value and volume sales were up in Romania, Serbia, Slovakia and Slovenia. Volume sales practically stayed put in Austria and Croatia. Average prices dropped in Romania, Slovakia and Slovenia,...
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Nielsen: the Hungarian consumer confidence fell in the second quarter
Date: 2016-08-02 11:50:57
The consumer confidence index in Hungary decreased: the second quarter’s 57 points is 4 points less than the first quarter’s 61 points. However, if we compare it with the 55...
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Agricultural producers expect favorable market turnaround this year
Date: 2016-08-02 11:40:52
The agricultural producers expect favorable market turnaround this year. Mild optimism can be experienced in the agricultural sector – the survey of the Agribusiness Index reveals. The Agribusiness Index which...
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KSH: foreign trade surplus was 730 million euros in May
Date: 2016-08-02 11:33:43
In May, exports increased by 6.3 percent, while imports increased by 2.9 percent calculated in euros, compared to a year before. The export surplus of 730 million euros is 259...
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Preferential loans can save farmers
Date: 2016-08-02 11:33:37
The preferential land loan program may represent the major driving force in agricultural lending in the coming period. The loan portfolio of the food industrial businesses has increased in the...
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The irrigation and kind development can bring changes in onion cultivation
Date: 2016-08-02 11:31:33
The irrigation and kind development, quality assurance and avoiding illegal import can reverse the declining trend in onion production – Süle Katalin, spokeswoman of the National Agricultural Chamber told. The...
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Depressed cereal prices
Date: 2016-08-02 11:29:25
This year's wheat harvest is virtually completed in Hungary. Due to bad weather, farmers are still working on the fraction of the harvested area. However, the producers are dissatisfied with...
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Food prices in Russia increased by nearly one-third since the introduction of the embargo
Date: 2016-08-02 11:10:49
Food prices in Russia increased by 31.6 percent over two years, as a result of the embargo against the Western countries – the Russian economic development ministry told RIA Novosti...
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Who violatesthe labor rules cannot get subsidy
Date: 2016-08-02 11:03:21
The Prime Minister’s Office points out that only those clients will benefit from development support, those who carry out their activities in accordance with the labor standards, so they can...
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New directions ahead of the FMCG industry
Date: 2016-08-02 10:00:02
Manufacturers, distributors and retailers gathered in Budapest to chart a new path for the FMCG industry. The 2016 Stamegna Network – All Food and Confectionery event was held at the...
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Many rural municipalities are participating in the sample program
Date: 2016-08-01 11:35:19
Throughout the country, more than 1,200 municipalities are participating in the agricultural sample program that helps rural employment. Across the country currently 1,285 municipalities are involved in the agricultural sample...
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