Market News
GKI: the drop in investments is slowing the Hungarian economy
The main reason for this year’s slowdown in the Hungarian economy will not be the deceleration of exports, but the around 5 percent lower investments – according to the GKI...
Read moreGerman retail sales rose
German retail sales declined in January, the first annual decline in eight months. But compared to December, the German retail sales increased more than expected. Retail sales in Germany rose...
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Consumer prices decreased in the euro zone in February
According to preliminary data of Eurostat consumer prices in February fell by 0.2 percent, compared to a year before. After January's 0.3 percent growth, the analysts expected a stagnation. Consumer...
Read moreInternational resolution on pollination and food production
A growing number of pollinator species worldwide are being driven toward extinction by diverse pressures, many of them human-made, threatening millions of livelihoods and hundreds of billions of dollars worth...
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Several tons of unmarked vegetables were found in a Romanian truck
Several tons of unmarked vegetables and fruits were found by the finance guards near Nagylak in a Romanian truck – the National Tax and Customs Office (NAV) informed MTI on...
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Financial administrative work takes up too much time
A telephone survey by LLP Hungary between August and December 2015, conducted with 1,000 medium-sized and large Hungarian companies, revealed the following: more than 20 percent of Hungarian firms, even...
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Fewer companies founded, more online businesses
According to a survey conducted by Bisnode, the number of companies established in Hungary has been reducing for four years in a row. In 2015 about 25,000 new enterprises were...
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Magazine: Those who form a consortium can apply for 1.5 billion-forint funding
From the middle of February 2016 farmers and micro- and small food industry enterprises can apply for development-purpose funding from a HUF 151-billion budget. Medium-sized food companies have the opportunity...
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Inter-branch organizations urge ban on dumping priced milk imports
The organizations of the milk sector urge immediate ban on the dumping priced milk and milk products import – agrárszektor.hu wrote. Instead of this, the government would easen this crisis...
Read moreThe Tokaj Trading House has begun to contract with the grape producers
The state-owned Tokaj Trading House Pltd. contract with the grape producers earlier than ever, even the purchase prices have been announced – the company told MTI on Friday. According to...
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Nébih: illegal pickles producers was found in Vecsés
A small producer inVecsés produced pickles without a license among extremely poor sanitary conditions. The inspectors of the National Food Chain Safety Office (Nébih) seized about 38 tons of products...
Read moreBrussels do not like the obligation closure of the loss-making stores
The European Commission launches a new infringement proceeding against the Orbán government’s trade regulation, which has a declared aim to push out the foreign chains. Brussels is investigating the rule...
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The riesling to be given a new name
The Balatoni Kör, the Csopaki Kódex and the Rizlinggeneráció announced a joint tender to find a synonym name for the riesling, one of Hungary’s most common white grape variety. According...
Read moreKSH: the number of employees increased by 113 thousand in a year
The number of employees was 4 million 240 thousand in the three months between November-January, 113 thousand more than in the year before. The employment rate for people aged 15-64...
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British households throw 34 thousand tons of beef in the trash each year
According to a research 260 million pounds worth raw and cooked beef items go to waste each year in Britain ie 34,000 tonnes of beef every year – the Guardian...
Read moreBudapest is the fifth best-selling logistics location in Central and Eastern European region
Budapest is the fifth best-selling logistics location in Central and Eastern Europe – the Népszabadság Online cites the research of Prologis. Compared to the 2013 survey, the Hungarian capital came...
Read moreNew commercial port to be built in Mohács
From a HUF 5-billion budget (from which HUF 4.75 billion will come from the IKOP programme) a new commercial port is going to be built in Mohács. Construction works will...
Read more140,000 hectares of state-owned farmland to go on sale this spring
So far 130,000 hectares of farmland were sold to farmers within the framework of the ‘Land for Farmers’ programme. About 7,000 farmers purchased 12,000 plots. The state’s revenue from this...
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The Milk, Whole-Heartedly program including 27 thousand kids has been completed
Between December 2015 and February 2016 the Agricultural Marketing Directorate of the Hungarian National Tourist Office (Magyar Turizmus Zrt.), the Ministry of Agriculture and the Dairy Interprofessional Organization and Marketing...
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Domestic garlic is running out
Experts say that because of the drought 15-20 percent less garlic was grown in 2015 than in the year before, because this plant is essentially produced around Makó without irrigation....
Read moreHungary can deliver cattle to Egypt again
Hungary can export live cattle to the North African state again, because the previously obstacle (bluetongue disease) is no longer present – the Ministry of Agriculture (FM) told MTI on...
Read moreSupport for the fight against phytoplasma infection
The Ministry of Agriculture supports the fight against phytoplasma infection with 8000 HUF per hectare. The Ministry of Agriculture provides direct fundings for the defense against plant quarantine pests for...
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The world without PET bottles
The climate change is one of the most pressing issue on Earth. Thousands of activists are campaigning worldwide to draw attention for the responsibility of humans. Many people think that...
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Consumer confidence is on seven-month lows in the United States in February
Consumer confidence decreased in the U.S.A. in February to the lowest level in seven months as worries about a slowing economy and tumbling stock prices took a toll. The Conference...
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Foreigners buy up the Hungarian walnuts quickly
The vaccination of walnuts ended in February. The Hungarian Horticultural Propagation Nonprofit Ltd. (MKSZN) is prepared for the 2017 sales. The market demand is high, but the Magyar Kertészeti Szaporítóanyag...
Read moreThe Rural Development Programme is useful for the winemakers
The Rural Development Programme (VP) contains a lot of support options for the winery investments, technological development, innovation. The applications will appear continuously from March – the Deputy Minister of...
Read moreThe food industry will also join to dual training
The Food Science Faculty of the Szent István University (SZIE) launches a dual training with eight food companies in the 2016/2017 academic year. The program can be regarded as a...
Read moreIrrigation development applications to be announced from April
The applications for the irrigation development of agricultural lands is expected to appear in April with a nearly fifty billion HUF amount. According to the communication of the Prime Minister's...
Read moreThe Romanian Minister of Agriculture supports the weekend closure of hypermarkets
Achim Irimescu Romanian Minister of Agriculture proposed the weekend closure of hypermarkets as well as the increase of the Romanian products in the stores on Tuesday in the parliament. He...
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