Market News
Századvég: economy may expand by 2.1 percent this year and 3.2 percent next year
According to the forecast of the Századvég Gazdaságkutató Zrt., the Hungarian economy in 2016 will expand by 2.1, while in 2017 by 3.2 percent. Expansion this year may grow mostly...
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Milk imports increased
In Hungary, the national average production price of raw milk was 68.15 HUF / kilogramme in May 2016. Due to the 0.07 percentage point deterioration of the fat content, and...
Read moreThe harvest started in the country's southern counties
The harvest started in the country's southern counties. The early maturing winter barley is already harvested in the sandy areas – the president of the National Association of Grain Producers...
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FM: the widening of the Hungarian-Russian agricultural cooperation to contiue
The widening of the Hungarian-Russian agricultural cooperation will continue – the Ministry of Agriculture told MTI on Monday. According to the information, Nagy István, Parliamentary Minister State of the Ministry...
Read moreBeer market: 2015 was a good year
The Association of Hungarian Brewers reported that 6.5 million hectolitres of beer was sold in 2015 by the four leading beer companies, Borsodi Brewery Kft., Dreher Breweries Zrt., Heineken Hungária...
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More than half a ton of unverified gyros meat was found in Barcs
About six hundred kilograms unverified gyros meat was found by the finance guards of the National Tax and Customs Office (NAV) in a Slovenian a refrigerator van in Barcs –...
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A growing number of farmers are producing quinoa
The crop called quinoa used in healthy nutrition, can be the newest profit-making crop of the American farmers – agrerszektor.hu wrote. Some farmers, however, consider the crop as the “Inca...
Read moreSlovak livestock is in trouble
The production value of agriculture in Slovakia decreased steadily by a total of 12 percent over the last 20 years – Slovenské Noviny news portal wrote, referring to Milan Semancsik...
Read more2015 was the year of wine
At world level 2.2 percent more wine was produced in 2015 than in 2014: 274.4 million hectolitres were made, according to data from the International Organisation of Vine and Wine....
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Three million forints raised by playing football to save premature babies
On 8 May dm organised their 2nd charity football tournament with the participation of 12 teams. Teams had to pay for playing and this way they collected HUF 3 million...
Read moreQuality-wise a new era is about to start in wine making
Minister of Agriculture Sándor Fazekas has told that the Hungarian wine making sector is about to make great progress in terms production quality. The first signs of improvement were already...
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SuperShop loyalty programme rewarded with international award
SuperShop, the joint loyalty programme of SPAR and OMV, won the Global Award for Brand Excellence – Best Loyalty Program Award. Those companies can win the prestigious prize which offer...
Read moreNearly five million tonnes of wheat is expected
Based on preliminary estimates good results can be expected this year: from winter wheat 5 tonnes per hectare yield is expected – the Minister of State of the Ministry of...
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Two hundred thousand more children in need can get free lunches during the summer
Up to 208 thousand children can get lunch on weekdays during the summer holiday after the government made it mandatory for local authorities – the Minister of State of the...
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The 2016 Quality Innovation contest was announced
The European Organization for Quality’s (EOQ) Hungarian National Committee Association announced the 2016 international Quality Innovation competition in recognition of quality products and services and customer-oriented quality development – the...
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Philadelphia imposes a tax on soft drinks
Philadelphia became the first large American city to impose a tax on soft drinks in what could be a tipping point in the long-running war between health advocates and the...
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Difficult year for livestock farmers
Livestock farmers are ahead of a difficult year – the representatives of the chambers of agriculture from the Visegrád Four (V4) countries concluded at their meeting in Czajowice (Poland). These...
Read morePopular Hungarian strawberry
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that on the 17th week of 2016 fewer types of Hungarian-grown apples were available...
Read moreHailstorm damage compensation: new deadline
The Ministry of Agriculture originally set the 31 March 2016 deadline for applying for compensation in the Agricultural Széchenyi Card scheme. However, the ministry has given a new deadline, 30...
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A comprehensive dairy sector strategy may help
In the European-level milk crisis government help alone isn’t enough: market players need to cooperate in the medium and long term if they want to solve the problems – participants...
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Agriculture’s performance can be improved by one third
With the maximum utilisation of European Union and government subsidies, agriculture’s performance can be improved by 30 percent. Last year the value of the sector’s output reached HUF 2,400 billion...
Read moreThe stores during the European Football Championship can expect increasing traffic
The stores during the European Football Championship can expect increasing traffic, not only from fan products, but also from beer and snacks considerably more are bought this time compared to...
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Nielsen: Nearly half of the Hungarians are happy to hunt for good promotions in stores
Excitement is part of the joy of shopping caused by the hunting for discount promotions. Nearly half of the Hungarian consumers (48%) is pleased to dedicate the time to get...
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MNB: card payments continued to increase in the first quarter
The expansion of electronic payments continued to increase in this year's first quarter in Hungary, mainly the increase in payment card turnover was significant – according to the summary of...
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Nébih: more than 39 tons of pickles were withdrawn from circulation
The specialists of the National Food Chain Safety Office (Nébih) withdrew more than 39 tons of pickles from circulation, after revealed several food safety deficiencies at a pickle production plant...
Read moreChinese are buying up Italian agricultural firms
It seems that China is serious about its economic conquest. The Chinese are buying up Italian agricultural companies – agrarszektor.hu wrote. Recently it appeared on the news that the Italian...
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A bigger monster
Monster Corporation, the manufacturer of Monster soft drinks increased sales by 8.5 percent to USD 680.2 million in the 1st quarter of 2016. In the summer Coca-Cola acquired a 17-percent...
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Magazine: Private labels have the advantage
About 30 percent of European grocery retail is realised by private label products – reported EuroCommerce and the European Retail Round Table. EuroCommerce director Christian Verschueren told: decision-makers shouldn’t look...
Read more100 plus 20 billion HUF to the agricultural medium-sized enterprises
The Prime Minister’s Office allocated twenty billion HUF to support the agricultural medium-sized enterprises in the Rural Development Programme (VP) – agrarszektor.hu wrote. The supports can be used on food...
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Italian restaurant chosen to be the best in the world
Osteria Francescana in Modena, Italy, has been picked as the best restaurant in the world at the World’s 50 Best Restaurants ceremony in New York. The first ever Italian restaurant...
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