Market News

Analysts: retail sales growth remains in the long-term

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

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

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

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

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

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

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

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

Sorry, this entry is only available in HU....

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KSH: retail sales increased by 5.7 percent in June

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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