Market News
Denmark's first ever food surplus supermarket has opened its doors
The store in Copenhagen called Wefood will sell products 30 – 50 percent cheaper than normal supermarkets. Wefood is hoping to help reduce the 700,000 tonnes of food waste Denmark...
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New tax in Poland
Poland’s Minister of Finance Pawel Szalamacha announced that the government imposes a new tax on retail chains. For chains with a turnover below EUR 67 million will have the rate...
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Magazine: Restaurant owner who represents a new era
Rudolf Semsei, the owner of the VakVarjú chain, other restaurants and Budapest Party Service, became ‘Restaurateur of the Year’ in 2015. When our magazine asked him what the prize meant...
Read moreOKSZ: the increase in retail sales may slow down
Last year’s 5.5 percent increase in retail is the biggest growth rate of the last three years; This year the turnover is expected to increase, its rate may be lower,...
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Producer price of milk declined
Raw milk prices fell by 1 percent in January, compared to December and were 14 percent lower compared to the same month of the previous year ¬ the Agricultural Economics...
Read moreThe Rural Development Agency paid ot more than half of the supports to the farmers
For the implementation of the agricultural policy, this year 400 billion HUF EU support is available. Until now, 270 billion HUF has been already paid out to the winners –...
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Changes in the Food Codex
The regulation of the Hungarian Food Codex on breads and pastries is changing: the continuously refreshed rules is a guarantee to produce high-quality products . Among the changes Zsigó Róbert,...
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The further growth of e-commerce gives impetus to the Pick Pack Pont
The Pick Pack Point – that is celebrating its 6th anniversary this year – continues to grow unabated, as in the Christmas season the company delivered 26 percent more packages,...
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Mastercard: customers are happy with the new mobile payment solutions
Shoppers in 2015 welcomed the expansion of mobile payment options, but more and more people want to see these solutions in everyday life. This is indicated by the fact that...
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NGM: the families could also spent more on durable goods last year
The retail sales of non-food products grew last year at the highest rate, which shows that the families could also spent more on durable goods last year, mainly due to...
Read moreThe GKI sentiment index decreased significantly
The seasonally adjusted value of the GKI sentiment index declined in February from the high levels of January in an amount has not seen for a year. Expectations deteriorated in...
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Horticulture Subcommittee: Hungarian apricot production is in danger
The Hungarian apricot production is at risk in, because last year, several plantations significantly damaged. At the Gönci region the destruction rate of trees amounted to 30-40 percent, and this...
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Application for Food Industrial development funds to be launched on 25 February
In order to the more thorough preparations, and taking the interests of the farmers into account, the Prime Minister's Office modified the “Mezőgazdasági termékek értéknövelése és erőforrás-hatékonyságának elősegítése a feldolgozásban”...
Read moreStill no decision on the model farms
Although Fazekas Sándor, Minister of Agriculture has already made a proposal about which private agricultural companies can become model farms on 15 January, the government has not yet decided on...
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Thousands of ltds may come to an end
Thousands of limited liability companies may be terminated as a result of the statutory share capital increase from 15 March – Eperjesi Zoltán, deputy head of the economic college of...
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New applications in a value of 138 billion HUF
Six new call for proposals was published on 9 February in the Rural Development Programme, in a value of approximately 138 billion HUF – the Prime Minister’s Office announced. The...
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Markit: still no improvement in the euro zone
After the initial data that was worse than expected, no improvement occured in the euro zone in February. The activities of the private enterprises are struggling with the decline in...
Read moreThe spread of GMO crops is slowing
Since 2012 in terms of the sowing of GMO crops a decline can be experienced in the growth rate – the Agroinform wrote. As the benefits of GMO crops the...
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The consumer protection authority withdrew dangerous baby clothes
During the inspection of the National Consumer Protection Authority (NFH) 101 kinds, nearly 800 pieces of baby clothes were found that due to inadequate drawstrings posed a serious risk to...
Read moreGerman electronics exports broke record
The foreign trade of electronic and electric products in Germany broke a record last year – according to a report published on the website of the ZVEI industrial professional organization....
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Road toll policy under non-governmental control
In mid-January an Organisation for Social Harmonisation (UTESZ) was established to control the use of revenue from road toll collection. The new organisation’s goal is to supervise the road toll...
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National Food Tracking Platform established
Dr Lajos Bognár, deputy secretary of state responsible for food chain safety opened the founding congress of the National Food Tracking Platform, where 150 participants represented Hungarian food businesses, authorities,...
Read morePork’s VAT cut: fair play by OKSZ members
From 1 January 2016 the VAT on pork became 5 percent instead of the former 27 percent. In the first month the members of the National Trade Association (OKSZ) –...
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Cappy launches new sub-brand
Cappy helps consumers to start mornings better than before: the brand put Cappy Great Start! morning drinks on the market – Cappy Great Start! Orange Mix 100% and Cappy Great...
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The rise in real wages continues
Employers and employees are negotiating about wage increase levels that will bring real wage increases, while the continued low inflation could also contribute to the further growth of real wages...
Read moreThe Savings Bank and the Association of Grain Producers are working together
The National Association of Grain Producers and the Savings Bank signed a cooperation agreement in order to the more efficient use of the endowments of the Hungarian grain production sector,...
Read moreThe climate change has drawn into the world map of pears
The cultivation of pears fell recently in Hungary due to the repeated failure experiences, therefore the domestic crop runs out quickly. In spite of the fact that crop prices are...
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Gyula Budai: the Russian embargo was bad for Hungary and Britain
The Russian embargo had a profound impact on the Hungarian economy and the British economy also faced significant negative effects because of the restrictive measures imposed on Russia – Budai...
Read moreThe agricultural ministry started negotiations with the fishermen
Nagy István, Parliamentary Minister of State of the Ministry of Agriculture (FM) took part at a consultation with the representatives of the Hungarian natural water fishing organizations, on Thursday in...
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Consumer sentiment deteriorated in the euro zone and in the EU as well
Consumer confidence deteriorated in February in the euro zone and in the European Union – according to the European Commission's preliminary flash estimate that was published on Friday. The sentiment...
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