Market News
Greening subsides: 24,000-25,000 forints per hectare
Farmers who comply with the European Union’s greening regulations are entitled to receive HUF 24,000-24,000 funding per hectare from the European Union – informed NAK president Balázs Győrffy at a...
Read more(HU) Zöld korszak jön a boltokban: kiszoríthatják a papírnyugtákat az elektronikus blokkok
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Read moreRetail sales momentum may remain
Experts told MTI that retail sales may grow vigorously further. The Central Statistical Office (KSH) announced on Wednesday that retail sales rose by 4.2 percent in March, according to the...
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The VAT cut on poultry meat to be built on the experience of the pork industry
The government expectations have been fulfilled in terms of VAT cut on pork; the impact of the lower tax rate occured in consumer prices that is why the government decided...
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NFM: the number of abuses in connection with product presentations has decreased
The Ministry of National Development (NFM) on Thursday informed that fewer consumer complaints received by the authorities as the result of the legislation adopted last December – according to the...
Read moreThe NÉBIH is satisfied with the wines of the Balaton Uplands
Accoring to the experiences of the National Food Chain Safety Office’s (NÉBIH) inspections, the Balaton Uplands wines, in terms of food safety and quality are appropriate. In the action, 32...
Read moreSpring frost caused damages to the cornfields
Corns also suffered frost damages in recent days in many regions. As Takács Géza, Chairman of the Seed Association Interprofessional Organization and Marketing Board said, the majority of the plants...
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The MNB stimulate the lendings to SMEs with capital discount
The MNB introduces a new lending tool under which releases a portion or all of the capital after such loans for the financial institutions that are actively lending to small...
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Economic growth continues in the euro zone
Due to strong retail demand and business investments the economic recovery continues in the euro zone – according to the monthly economic report released on Thursday on the website of...
Read moreRomanian retail increased significantly
The volume of retail sales increased by 19 percent in Romania in the first quarter of 2016, compared with the same period of 2015 – the Romanian national statistical institute...
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Hungarian Seed Association joins the Community Code of Agricultural Marketing
The Hungarian Seed Association has also joined the Community Code of Agricultural Marketing of Hungarian Tourism Zrt.’s Agricultural Marketing Directorate. So far 28 actors from the field of agriculture have...
Read moreStronger integration in the pig sector
The Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) intends to make the pig sector more efficient and competitive by strengthening integration. Unfortunately the pig stock’s growth has come...
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Crop insurance schemes become comparable
Crop insurance schemes become comparable with the help of the damage simulator developed by crop insurance website Agrisk.hu. Both the website and the damage simulator can be used free of...
Read moreKSH: retail sales in March rose by 4.2 percent
The annual growth rate of retail sales was slowing slightly in March. According to the calendar effect adjusted data, the retail trade volume was 4.2 percent higher than a year...
Read moreNGM: low inflation and real wage growth helps trade
Due to low inflation and real wage growth, Hungarians like to buy, and partly this is the reason that retail sales increased in March again – Marczinkó Zoltán, Deputy Minister...
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FM: mainly imported UHT milks are indicated in better quality
The results of the dairy sector’s month-long controls are devastating. Customers are mainly cheated by foreign import UHT milks – Zsigó Róbert, Minister of State of the Ministry of Agriculture...
Read moreK & H: in comparison to the challenges little money is spent on R & D activities in agriculture
Hungary only spends 1 percent of its GDP on agricultural research and development (R & D) activities. The number of participants in the agri-vocational trainings are low as well as...
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An analysis shows that 15 percent of Hungarian young people are buying fake products on the Internet
15 percent of young Hungarians bought counterfeit goods intentionally in 2015 on the Internet. This data is surpassing the 12 percent of the EU average – the National Board Against...
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Retail sales fell in the EU in March
The volume of retail sales declined in both the EU and in the euro zone in March – Eurostat’s figures were published on Wednesday. According to the seasonally adjusted data...
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The Hungarian Red Cross starts a trading activity
The Hungarian Red Cross starts a commercial activity – first among the charity organizations in Hungary. The Hungarian Red Cross would like to have an access to predictable and available...
Read moreEU court: the new EU Directive on Tobacco Products is valid
The EU’s Court of Justice confirmed the validity of the EU Directive on Tobacco Products in its judgement on Wednesday. The new rules take effect this month, although the union’s...
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One thousand seven hundred farmers reported frost damages so far
Until Monday 1700 farmers reported spring frost damages, on a total of about 9,200 hectares, but this number is likely to increase even more – the Deputy Minister of State...
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Six billion forints in compensation for crop loss and damage
The Agricultural and Rural Development Agency (MVH) pays HUF 6 billion to farmers in order to compensate for crop loss and damage that occurred last year. This year’s losses and...
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Hungarian Agriculture Quality Awards presented
Bock Winery Kft., Hungrana Starch and Isosugar Production and Trade Kft. and Mecsek Forestry Kft. were the winners of the Hungarian Agriculture Quality Awards. The Ministry of Agriculture announced: this...
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Dairy sector strategy includes cutting the VAT on milk
The comprehensive strategy that the Ministry of Agriculture prepared for the dairy sector contains the recommendation to cut milk’s VAT. Plan is that the government will discuss the document already...
Read moreHorticulture is a stable base
In March Kert-Ész Klub Hungary Association organised its 2nd Zsendülés Horticulture Conference in Kecskemét. József Rácz, the president of the association told that the aim of the conference was to...
Read moreThe European Commission expects a 2.5 percent increase this year and a 2.8 percent growth for the next year in Hungary
This year, 2.5 percent, next year 2.8 percent economic growth is expected in Hungary by the European Commission, which published its spring economic forecasts for both the EU and for...
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MGYOSZ: Sunday's labor remuneration is regulated in accordance with the Labour Code
The remuneration of Sunday work is currently controlled by the Labour Code (Mt) with the 50 percent Sunday supplement – the Employers and Industrialists Federation (MGYOSZ) told MTI on Tuesday....
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Last year 13 percent of the studied advertisings were unlawful
During last year's overall control on advertising, the National Consumer Protection Authority (NFH) examined 2039 advertisements. In 269 cases (13 percent) infringements were identified – the NFH told MTI on...
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