Market News
The farmers in Romania are encouraged to form cooperaties
Date: 2016-07-21 11:00:11
Romanian President Klaus Iohannis published the law amendment on Thursday – the Romanian president's office announced. The Romanian Parliament adopted the amendment of the 2004/566 law at the end of...
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Milling and baking industry meeting in Hajdúnánás
Date: 2016-07-21 10:45:39
On 8 June NAK’s regional office in Hajdú-Bihar County organised a meeting for the representatives of the milling and baking industry at Hajdú Gabona Zrt.’s mill in Hajdúnánás. The two...
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AK amends statutes
Date: 2016-07-21 10:43:36
In order to make the administrative burden smaller, the Hungarian Chamber of Agriculture (NAK) decided to amend its statutes. Primary producers who sell their produce for less than HUF 600,000...
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The Czechs are among Europe’s most optimistic consumers
Date: 2016-07-21 09:15:08
In the Czech Republic the consumer confidence index is one of the highest in Europe. In Q1 2016 the Germans, the Brits and the Czechs were all at 97 points...
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Magazine: BREXIT: What comes next?
Date: 2016-07-21 07:12:14
In a referendum held on 23 June 2016, 51.89 percent of British voters said yes to the United Kingdom leaving the European Union. In the short term this decision is...
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VHT: increasing buying prices in the pig sector
Date: 2016-07-20 11:50:48
After the low point early this year, the purchase prices are growing, and so market conditions in the pig sector are rearranged – the Secretary of the Livestock and Meat...
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Analysts: household consumption will be the engine of economic growth
Date: 2016-07-20 11:45:29
Household consumption will be the driving force of economic growth – analysts interviewed by MTI evaluated the data of the Central Statistical Office (KSH). According to the data of the...
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Domestic watermelon promotion program starts
Date: 2016-07-20 11:40:37
The National Agricultural Chamber and the Agricultural Marketing Centre Nonprofit Ltd. launches a promotion program to popularize Hungarian melon. The program is launched with the co-operation of six chain of...
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KSH: gross earnings grew 6 percent in May
Date: 2016-07-20 11:25:57
In May gross earnings increased by 6.0 percent. Net average earnings increased with a higher extent, due to the changes in personal income tax, by 7.6 percent, compared with a...
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Women employment rate is increasing in Hungary
Date: 2016-07-20 11:20:54
The rate of female employment in Hungary is increasing, it is slowly reaching the European Union’s average as well – the Minister of State of the Ministry of Human Resources...
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FAO Report: dry areas of the Earth should be handled with special attention
Date: 2016-07-20 11:20:19
Special attention should be paid to the dry areas of the world, because climate change will further strengthen the negative effects of droughts, desertification and land degradation – the report...
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A decrease in Hungary’s living cattle imports
Date: 2016-07-20 11:16:03
The chain of stores in Hungary support the market access of the Hungarian producers, but in many cases they are forced to import foreign products, if domestic supply capacities are...
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One hundred and ten thousand boxes of smuggled cigarettes were found in a Bulgarian truck
Date: 2016-07-20 11:04:15
The finance guards found one hundred and ten thousand untaxed cigarettes in a Bulgarian truck hidden among watermelons on the M43 motorway – the National Tax and Customs Office (NAV)...
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Brexit slows the growth of the world economy
Date: 2016-07-20 11:02:07
The International Monetary Fund (IMF) expects a slower growth in the world economy, because the Brexit will have an impact not only in the UK but in the developed European...
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The hotel association expects a stronger summer season than last year
Date: 2016-07-20 10:40:06
The Hungarian Hotel and Restaurant Association (MSZÉSZ) expects a stronger summer season than last year. In the first five months of the year, both the total gross sales both overnight...
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Agrárium 2016: agricultural registry
Date: 2016-07-20 10:31:43
Farmers could fill out the Agrárium online questionnaire until 29 May and those who failed to do this will have to answer the questions of registry officers between 1 June...
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OTP plans to increase share in the financing of agriculture
Date: 2016-07-20 10:29:29
Instead of the present 16-17 percent, OTP Bank plans to increase its share to 20 percent in the financing of agriculture by 2020. The bank prefers the crop farming segment...
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Magazine: SMART conference 2016: an abundance of innovations
Date: 2016-07-20 07:31:58
Budapest was the host of the international SMART conference, where new technology startups and technological solutions had the chance to introduce themselves. Endless and the Hungarian Association of IT Companies...
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Magazine: Polish puzzle waiting to be solved
Date: 2016-07-20 07:08:19
From time to time the news spreads that Polish produce (apple, potato, etc.) is dumped on international markets, causing price reduction and driving Hungarian produce out of these markets. It...
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The Hungarian dairy sector receives three billion HUF support from the EU
Date: 2016-07-19 12:00:27
The European Union on Monday decided on the new support package of 500 billion euros for the milk sector. Hungary will be given 2.7 percent (9.5 million euros) of the...
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Food trade’s TV spots reached the highest number of viewers in June among the product categories
Date: 2016-07-19 11:59:14
The longest average daily TV watching time was measured within the age group over 60, while the the 18-29 age group watched the TV the least. On list price, advertising...
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FM: melon-growing area increased significantly
Date: 2016-07-19 11:55:05
The National Watermelon Program (launched in 2011) is very effective. The melon-growing area of Hungary, has increased significantly since then, now it is around about 6 thousand hectares – Nagy...
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The supermarket chains buy melons from Hungarian suppliers
Date: 2016-07-19 11:50:02
Tesco buys exclusively watermelons from Hungarian suppliers from 18 July again. The Auchan follows the example as well as Lidl, Aldi, the CBA, the Metro and Spar will only sell...
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Raiffeisen: economic growth will be 2.2 this year and 2.7 percent in the next year
Date: 2016-07-19 11:40:47
The analysts of the Raiffeisen Bank expect a 2.2 percent economic growth for this year a 2.7 percent for the next year and 2.9 percent for 2018 – Török Zoltán,...
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FM: The development of the national pálinka strategy may begin this year
Date: 2016-07-19 11:30:59
The development of the national pálinka strategy may begin even this year – Gál Péter, Deputy Minister of State for the Ministry of Agriculture (FM) told in Budapest on Tuesday,...
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German and Euro Zone business sentiment deteriorated heavily
Date: 2016-07-19 11:10:09
As the result of the Brexit business sentiment worsened in Germany and in the euro zone in July much stronger-than-expected – according to the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung)...
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Barley was domesticated on the current territory of Israel
Date: 2016-07-19 11:02:21
On the basis of genetic analysis of 6,000-year-old seeds found in the Judean desert, an international team of researchers believes that barley was domesticated on the current territory of Israel...
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Online Retailers of the Year announced
Date: 2016-07-19 10:27:19
SzEK.org, eNet and IVSZ’s 18-member jury selected the best online retailers of the year for the 10th time. In the SME category light source online store Lumenet finished first. The...
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More than 175,000 funding applications submitted
Date: 2016-07-19 10:21:59
By midnight 23 May 175,355 standard funding applications were submitted for 5 million hectares of land to the Agricultural and Rural Development Agency (MVH). Applications can still be sent between...
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Vast majority of institutions are likely to be closed with a legal successor named
Date: 2016-07-19 10:02:03
The government has published its decree on which background institutions of various ministries – there are more than 50 – are about to undergo a restructuring. For instance the Agricultural...
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