Market News
NGM: an additional 30-40 billion HUF EU support is expected by the end of this year
The Ministry of National Economy announced before that the evaluation of the first round ended in August. During the first round nearly 400 projects won by 57.7 billion HUF support....
Read moreContraband cigarettes and tobacco were seized in Nyíregyháza
Contraband cigarettes, cut tobacco and drugs were seized at a property in Nyíregyháza – the press officer of the National Tax and Customs Administration’s (NAV) Szabolcs-Szatmár-Bereg county customs and excise...
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Cooperation agreement with the Moving Marketplace
NAK and the Moving Marketplace programme have signed a cooperation agreement, as part of which they will help to improve the selling opportunities of small farmers and family farms. The...
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NAK perplexed by WHO’s meat classification
The Hungarian Chamber of Agriculture (NAK) was perplexed by the results of the International Agency for the Research on Cancer’s (IARC – a WHO agency) study, which classifies red meat...
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ISF world congress in Budapest
Budapest will be hosting the International Seed Federation’s (ISF) world congress in 2017. About 2,000 participants are expected to be present from all over the world. The programme of the...
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Szeged and Hódmezővásárhely join forces
The municipalities of Szeged and Hódmezővásárhely, the University of Szeged (SZTE), the Csongrád County Chamber of Commerce and Industry and the county office of NAK signed an agreement of cooperation...
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Growing tobacco market in Germany
Sales in the German tobacco sector may grow as much as 810 million cigarettes, thanks to the hundreds of thousands of refugees arriving to the country. Most of these people...
Read moreMagazine: Fishermen, fishermen, what is in your net?
Hungary’s aquaculture has been acknowledged worldwide for decades, especially fish farming in lakes. If the Hungarian Fisheries Operational Programme for the 2014-2020 period is implemented successfully, fishing may become one...
Read moreOKSZ: the usual Christmas shopping schedule to change
The usual Christmas shopping schedule will change. According to the new rules, the shops and department stores should close their doors until noon 24 December, Thursday – the National Retail...
Read moreFrom now the origin of pork can be verified with QR codes
Within the high-quality pork (KMS) certificate system, the origin of pork can be verified with QR codes scanned with smartphone – the chairman of the Livestock and Meat Interprofessional Organization...
Read moreFifteen percent more grapes grown this year
About 15 percent more grapes grown this year than last year. The winemakers are making a total of about 3 million hectoliters of new wine from this amount – Frittmann...
Read moreMagro.hu: cereals have become speculative products
Because of the previous high prices, the cereals – especially maize – have become speculative products – according to the Magro.hu online agricultural marketplace. Nearly 70 percent of the world's...
Read moreCorn yield: the European Commission cuts back this year's forecast
The European Commission modified its forecast on corn for this year. The EC reduced its forecast for this year's yield by almost one million tonnes to 56.6 million tonnes. Last...
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No delays at post offices and couriers during the Christmas shopping fever
Luggages sent on 22 December can arrive for Christmas – a courier service assured the Origo Internet portal. During the Black Friday delays occurred sometimes, but those were only individual...
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Counterfeit toys caused more than 400 billion HUF losses to the EU
The counterfeit toys caused almost 1.5 billion euros (more than 400 billion HUF) annual revenue loss in the Member States of the European Union. It is about 12 percent of...
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The EU has extended the economic sanctions against Russia
The European Union moved on Friday to extend economic sanctions against Russia for six more months for its annexation of Crimea and support for separatists in Ukraine, even as European...
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More than a hundred thousand kilograms of donations were gathered this year in the Santa Claus Factory
This year, more than a hundred thousand kilograms of donations were gathered in the Santa Claus Factory, which closed its doors for the weekend, but due to the high level...
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The Nébih found pesticide residue above the limit in Turkish mandarins
The National Food Chain Safety Office (Nébih) found pesticide residue above the limit in mandarins with Turkish origin, therefore launched proceedings – the Nébih informed MTI on Monday. According to...
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Bigger budget for Hungaricum products
At the moment the annual budget for supporting Hungaricum products is HUF 500 million. The Ministry of Agriculture would like to increase this sum in the years to come –...
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Lower yield because of the drought
According to USDA and IGC, this year’s corn yield will be 4 percent lower than in 2014-2015, at about 970 million tons. Because of the summer drought the European Union’s...
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Positive expectations about the end of the year in online retail
In e-commerce the Christmas season starts with the so-called Black Friday, held at the end of November. This year three quarters of Hungary’s online shops take part in the campaign:...
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Share in sales changed for four store types
Battery retail sales were between HUF 4 and 5 billion in the last two January-October periods. Value sales fell by 1 percent and volume sales also dropped 1 percent. The...
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Magazine: The colourful world of white goods
According to market research data, Hungary’s large household appliances (also called white goods) market keeps growing – we learned from Zsolt Belényesi, domestic sales division manager of Electrolux Lehel Kft....
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OKSZ-Secretary-General: retail revenue in December may exceed 950 billion HUF
According to the Secretary-General of the National Retail Federation (OKSZ), retail turnover may be higher than previously estimated: it can even exceed 950 billion HUF in December. Vámos György Secretary-General...
Read moreRetail trade continued to expand
The volume of retail sales increased by 4.1 percent in an annual comparison in October after the 5.1 percent rise in September, while the calendar adjusted data shows a 4.6...
Read moreNGM: the rise of retail sales is unstoppable
The increase of retail sales is unstoppable in Hungary. The expansion lasted in October for the 29th consecutive month – the Deputy Minister of State of the Ministry of National...
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Winter food chain controls: more than 12 million HUF fine so far
During the winter seasonal food chain controls a total fines of 12.3 million HUF were imposed in 87 cases. Bognár Lajos, Minister of State of the Ministry of Agriculture told...
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Fish Farmers: carps are the most popular
Before Christmas the most sought fish is still the carp, however the consumers are increasingly looking for ready to cook fish fillets – the president of Mahal told MTI. Németh...
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Wages increased by 4.8 percent in October
In October 2015, the gross and net average earnings increased by 4.8 percent, compared to a year before. Without counting the public workers the increase was 5.6 percent compared to...
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Five Hungarian companies among the region's 500 fastest growing companies
Five Hungarian company are among Deloitte Technology Fast’s EMEA region (Europe, Middle East and Africa) ranking list of the 500 fastest growing companies this year. The Central and Eastern European...
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