Market News
Hungary is a major beneficiary of EU funds
In terms of funding Hungary remains one of the largest net beneficiary of the EU, over the next seven years – Szűcs Tamás, the Head of European Commission’s Representation in...
Read moreThe negotiations can start in the EU about the GMO exemption
The European Union negotiations on genetically modified-free organisms (GMO free) food and feed will begin – the Ministry of Agriculture (FM) told MTI on Tuesday. According to the communication, Nagy...
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The Spanish shipment arrived to Hungary instead of Romania
According to the transport documents, the truckload of Spanish fruit and vegetables should have been transported to Romania, not to Hungary. The ekáer Working Group of the National Tax and...
Read moreThe German business sentiment index declined in July
The German business sentiment index declined from the previous month's 31.5 points to 29.7 points in July – the Mannheim-based ZEW economic research institute announced on Tuesday. The long-term average...
Read moreThe inter-professional organization is promoting the development of the grape and wine sector
The inter-professional organization is a good tool to promote the development of the grape and wine industry – the Deputy Minister of State of the Ministry of Agriculture (FM), told...
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A drop in US retail sales
The US retail trade turnover suffered an unexpected setback in June – portfolio.hu wrote. While the market expected a 0.2 percent expansion on a month per month basis, according to...
Read moreFM: the US authorities are satisfied with the Hungarian Food Safety Authority System
The US authority (FSIS) are satisfied with the Hungarian Food Safety Authority System, so the companies producing and distributing pork and pork products may find additional US export opportunuities. The...
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The producer cooperatives to be assessed
The National Agricultural Economics Association (NAK) in cooperation with the Hungarian Academy of Sciences (MTA) will carry out a survey on the economic and social conditions of producers' cooperatives –...
Read moreThe amount of the cherry crop is below expectations
One thousand tons were expected, but the amount of cherries is slightly below 900 tons – Pusztai József executive director of Hunapfel Kft., Békés county’s largest cherry producer told MTI...
Read more53 billion HUF for water management until 2020
In the new EU budget period Hungary can spend 53 billion HUF on water management tasks – Mezei Dávid, Deputy Minister of State of the Prime Minister’s Office The Deputy...
Read moreThe harvest of autumn barley and rapeseed has ended in Békés County
Outstanding autumn barley yield occured this year in Békés County – Barabás Béla, secretary of the Békés County Farmers' Federation told MTI on Monday. The average yield per hectare in...
Read moreOne glass of red wine is equivalent to an hour at the gym
According to researchers of the University of Alberta in Canada the resveratrol, a compound found in red wine has health benefits similar to those we get from exercise. According to...
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The HNT asks its members to block Italian origin wines
The National Council of Wine Communities (HNT) draws the attention of its members to block their Italian origin wine stocks and withdraw the already delivered Italian wines from the shelves,...
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More money for the Bocuse d’Or competition
The government doubled the sum for supporting the Bocuse d’Or chef competition from the central budget: next year the contest’s European final will take place in Budapest and the organisers...
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Five a day is OK
The European Food Safety Authority conducted a study with 66,531 participants on the food safety aspects of caffeine consumption. They found that a maximum 400mg daily caffeine intake is perfectly...
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Manufacturer brands stayed strong
Shower gel is in the top 10 of the 70 household chemical and cosmetics categories audited by Nielsen. Sales were worth HUF 15 billion in the March 2014-February 2015 period,...
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When times are hard, product selection and prices become more important
In Q1 2015 consumer confidence dropped further in Russia: it was at 72 points (Q3 2014: 87 points, Q4 2014: 79 points). At the end of last year the rouble’s...
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E-money in the cash registers
More than a thousand cash machines authorized by the NAV were transformed into machines that accept e-money. Soon we can pay with e-money in public kiosks and tobacco shops. The...
Read moreBetter than medium quality wheat crop is expected this year
This year, better than medium quality wheat crop is expected, according to the preliminary estimates. About twenty percent of the winter wheat sown on one million hectares has been harvested...
Read moreLawsuits may also take place due to the GMO ban
Neither the Constitution nor the recent amendment of the genetic engineering law is not capable to prevent from the Hungarian appearance of the genetically modified organisms (GMOs) – Darvas Béla...
Read moreBrussels is optimistic about the agricultural markets
The European Commission published its short-term forecast on the the agricultural markets on Friday. The forecast projects a positive image of production and the meat industry. Brussels notes that last...
Read moreThe climate change is a threat to the survival of bumblebees
Bumblebees already have to contend with lethal infections, deadly pesticides and habitat loss due to agriculture and urban development. A new study shows they have another cause for worry: climate...
Read moreA shipment of illegal cloths was detected with ekáer
On the basis of the data of the ekáer road toll cams, the National Tax and Customs Administration (NAV) detected shipment of illegal cloths – the NAV told MTI. The...
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Promising start of the year in grocery retail
Grocery retail sales improved once again: sales were up 5 percent in value and grew 4 percent in volume between December 2014 and March 2015 in the 90 categories audited...
Read moreBeer season
Beer sales expanded once again last year, despite that the weather wasn’t always ideal for drinking beer. Zita Szederkényi, senior corporate affairs specialist at Dreher Breweries Zrt. told our magazine...
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L’Oréal growth despite the market uncertainty
Despite the slow growth in Western Europe L’Oréal’s sales expanded by 14 percent in Q1 2015. Sales amounted to EUR 6.44 billion. Luxury products and active cosmetics were the driving...
Read moreKSH: exports grew and imports declined in May
The euro-denominated value of exports increased by 2.5 percent in May, while imports were 0.7 percent lower than in May 2014 – the first estimate of the Central Statistical Office...
Read moreThe Ministry of National Economy does not expect serious inflation
The consumer price trend is in line with the estimate of the Ministry of National Economy (NGM). The Ministry does not expect serious inflation in the rest of the year....
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Analysts: foreign trade continues to perform at a high level
The Hungarian foreign trade continued to perform at a high level, the dynamics of growth in the longer term will depend on the evolution of export capacities – according to...
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