Market News
Still 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...
Read moreThe agricultural damages caused by migrants will be compensated partially
According to a government decision, the Ministry of Agriculture allocated 100 million HUF to mitigate the agricultural damages caused by the illegal immigrants in 2015 near Hungary's southern border. The...
Read moreCisco: In 2020, 70 percent of the world’s population will be mobile users
Smart mobile devices and connections[2] are projected to represent 72 percent of total mobile devices and connections by 2020—up from 36 percent in 2015. Smart devices are forecasted to generate...
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Oracle: the majority of companies are open to cloud services
Most of the companies think positively about cloud services, 92 percent of them like the cloud services because they accelerate innovation, 76 percent like the solution because of attracting new...
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Szupermenta revamped
The National Food Chain Safety Office (NÉBIH) strengthens its Szupermenta product testing programme further: the website is refurbished and a Szupermenta logo is introduced. In just one year NÉBIH’s experts...
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Magazine: Who needs coaching?
The first and simplest answer to the above question that comes to mind is: Everyone. As a matter of fact, I do think that coaching is a tool that makes...
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Hungary’s food retail is still in the forefront of Europe
Hungary continues to belong to Europe's leading food retail growth rankings. Hungary’s retail revenues increased by 5.5 percent during the fourth quarter, compared to the same period of the previous...
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Poultry meat prices decreased
Not only pork, but also the poultry meat prices decreased early this year, due to the declining demand – the origo.hu wrote. According to the report of the Agricultural Economics...
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Television advertising spendings in Hungary increased by three percent last year
The television advertising spendings in Hungary increased by about three percent and amounted to 51.581 billion HUF last year – was said at the press conference ofthe Hungarian Electronic Broadcasters...
Read moreFM: Russia is a major agricultural partner for Hungary
Russia is a key partner of Hungary in the field of agriculture and the food industry, despite the fact that the trade embargo makes the relationship between the two country...
Read moreThe number of dairy cattle is increasing
In the second half of 2015 the growth of the cattle population and the number of dairy cattle both increased significantly – Magyar Idők wrote. According to the report of...
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The assets of the Hungarians increased by four hundred thousand last year
At the end of 2015 the net financial wealth of the households was 32 409 billion HUF, according to the data of the National Bank of Hungary (MNB). This is...
Read moreThe OECD again worsened forecasts for global economic growth
Within three months, the OECD worsened the global economic growth prospects for the second time, on the “basis of the disappointing recent data.” The Organisation for Economic Co-operation and Development...
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Russian vodka exports fell
Russian vodka and spirits exports decreased to their lowest level in a decade – the origo.hu wrote. Referring to the Russian customs data the Russian Kommersant economic newspaper reported that...
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