Market News
Hungarians consume domestic melons
Ninety percent of the domestic melon consumption are Hungarian melons – the Minister of State of the Ministry of Agriculture said at the Fifth National Melon Forum on Wednesday in...
Read moreA 4 percent decline in live cattle exports
According to the data of the Central Statistical Office (KSH), a 4 percent decline occured in January 2016 compared to January of 2015 – agroinform.hu wrote. The main partners were...
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Nébih: low-fat milks were withdrawn from circulation
Several 1.5 % UHT milk with Slovak and Czech origin were withdrawn from circulation, because according to the laboratory tests, their fat content was lower than indicated – the National...
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MNKH: expanding relations in the Carpathian region
The reginal offices of the Hungarian National Trading House (MNKH) achieved a considerable success since last December in Arad and in Nagyvárad. During the nearly half a year of operation,...
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We do not mind overtime if it is paid
Although typically everyone works overtime, but for extra money we would take even more – according to a research by Randstad Award. Among the Hungarian workers only the majority of...
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It is worth to make economic ties with Pakistan closer
Hungary should make economic ties closer with Pakistan – Magyar Levente Minister of State responsible for economic diplomacy told M1 news channel, after negotiations in Islamabad, Pakistan, on Tuesday. The...
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Great success for Hungarian wines in the USA
Altogether 8 Hungarian wineries were rewarded at the Finger Lakes International Wine Competition, the most prestigious wine contest in the USA. Matias Winery’s Hárslevelű ice wine came home with a...
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Magazine: MagyarBrands 2015: Hungarian brand, international value
The MagyarBrands Committee of Experts has been rewarding brands with a Hungarian connection for six years. Seven criteria are considered in brands’ evaluation: traditions, employment, ownership structure, reputation, identity, how...
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The April cooling caused havoc in the orchards
Due to the past few weeks’ morning cool downs a massive damage have occurred in the orchards. Mostly strawberries have suffered in the frost. The bad weather at the end...
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NGM: 300 billion HUF more on GINOP this year
The government increased the framework of the Economic Development and Innovation Operational Programme (GINOP) with 300 billion HUF this year – the Deputy Minister of State of the National Economy...
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A new supporter behind the Hungarian Paralympic team
The WestEnd City Center signed a supporter contract with the Hungarian Paralympic Committee (MPB) for the Paralympics in Rio. Szabó László, chairman of the MPB told at a press conference...
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Nébih: fake pálinka was sold at a club in Budapest
Fake pálinka was offered at a popular club in Budapest; the National Food Chain Safety Office (Nébih) held a control at the club – the authority responsible for food chain...
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Employment increased in the European Union
Last year employment increased in the European Union and rose to a record level among women and people over the age of 55, from the peak measured in 2005 –...
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The EU issued more than two thousand alerts for dangerous products last year
The EU issued more than two thousand alerts for dangerous products (consumer protection) last year. Nearly two-third of the products came from China – the European Commission announced on its...
Read moreGerman business sentiment deteriorated
The Ifo Business Climate indicator decreased to 106.6 points in April, while economists expected an increase to 107 points from March’s 106.7 points. The current situation measure of the survey...
Read moreVillage May Day and Mother's Day on 1 May at the Sóstó Museum Village
On 1 May, Village May Day and Mother's Day programs will await the guests in the Sóstó Museum Village, where in addition to special children's cart exhibition, pálinka tours and...
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Consumer protection: 22 percent of the hotels mislead the guests
22 percent of the studied hotels, 38 out of 173 misleads the guests, ie their grade levels does not meet the requirements, or as a pension, wrongly called themselves as...
Read morePowered fixed vending shelf system
FFR Merchandising developed a new, powered fixed vending shelf system that not only guarantees that valuable products such as razor blades aren’t stolen, but also gives shoppers easy access to...
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Companies and applicants don’t speak the same language
It is more and more difficult for service centres to recruit well-trained workforce that also speaks more languages fluently. According to the Hungarian Outsourcing Organisation (HOA), which unites the most...
Read moreKSH: retail sales increased more in February than the preliminary data indicated
Retail sales in February reached an even greater momentum than the preliminary data indicated. Retail sales in February increased by 6.7 percent, compared to a year before and by 6.6...
Read moreNGM: retail trade grew due to increasing employment, personal income tax reduction and low inflation
Retail sales increased by 6.6 percent in February, compared with the similar period of 2015, due to the record-high employment, the one percentage point reduction in personal income tax (PIT),...
Read moreThe Growth Loan Program is the engine of agriculture
The Hungarian National Bank’s (NBH) Growth Loan Programme (NHP) is behind the growth of Hungarian agriculture – according to the analysis of the Atradius credit insurance company. The market leader...
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Grain Association : the VAT on flour and feeds should be reduced as well
The Grain Association suggests the Minister of National Economy to reduce VAT on flour as a basic food and on feeds. The Association of Hungarian Grain Processors Manufacturers and Traders...
Read moreThe rain came at the right time for the autumn sowings
The rain came at the right time for the autumn sowings, because at thinner areas the signs of drought have appeared – the President of the National Grain Producers Association...
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Czerván: the sheep and goat sector has a high importance in Hungary
The importance of the sheep and goat sector goes beyond the agricultural sector's role in Hungary. In addition to its economic significance, the social impact also has to kept in...
Read moreThe Nébih controls maize seeds
The National Food Chain Safety Office (Nébih) tested the GMO contamination (genetic modification) of 110 sweet corn seeds and 21 popcorn seeds this year. The authority found genetic modification in...
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Powered fixed vending shelf system
FFR Merchandising developed a new, powered fixed vending shelf system that not only guarantees that valuable products such as razor blades aren’t stolen, but also gives shoppers easy access to...
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Magazine: Faith in loans
According to the Deloitte-Scale BankIndex survey, Hungarian consumers’ attitude towards the banking system and banking services kept improving last year. Deloitte Zrt. partner Ákos Demeter told that the level of...
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The NAV is looking for a solution to cure the problems of the apple market
The National Agricultural Economics Chamber (NAK) carried out consultation with the Ministry of Agriculture and several food trading companies to solve the sales problems on the apple market. As the...
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Fazekas Sándor would reduce the VAT on fish as well
The Minister of Agriculture considers the reduction on fish VAT appropriate. <a href=”https://trademagazin.hu/wp-content/uploads/2016/02/hal.jpg”><img src=”https://trademagazin.hu/wp-content/uploads/2016/02/hal-600×358.jpg” alt=”hal” width=”600″ height=”358″ /></a> Fazekas Sándor emphasized that, like other products in the VAT on fish...
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