Market News
Eggs in the green field
Recently an egg production plant started working in Lajosmizse. The result of a HUF 1.5-billion greenfield investment is in the ownership of Mizsetáp Kft. and it is one of the...
Read moreBábolna National Stud Farm inaugurates refurbished covered riding arena
Bábolna National Stud Farm Kft. finished refurbishing its covered riding arena in Ölbő-puszta. Thanks to the HUF 210-million investment the beautiful protected old building was reborn....
Read moreFishermen can calculate with 600-million-forint in funding
The ministry has earmarked HUF 600 million for financing fisheries, aquaculture and related programmes. They will also be funding consumer educating campaigns and supporting the work of inspection authorities. n...
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Magazine: Small segments are growing fast
In 2014 the main task was doing something with the cheese surplus in the Hungarian market. Because of the Russian embargo from the second half of the year large quantities...
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Retail sales of household chemicals and cosmetics increased this year
The favorable trends continue this year in the household chemicals and cosmetics retail trade. In January-April, store sales rose by 6 percent to 110 billion HUF, compared to last year's...
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KSH: agricultural producer prices continued to decline
In April, the price of plant products was 7.4, while the price of live animals and animal products was 9.0 percent lower, than a year before. The agricultural producer prices...
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Strategic agreement to disseminate the agricultural R & D results
The National Agricultural Chamber and the National Agricultural Research and Innovation Centre (NAIK) signed a strategic agreement in Budapest for the wide range dissemination of the agricultural research and development...
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A handful of nuts a day may reduce the risk of developing deadly diseases
Snacking on just half a handful of nuts a day can cut the risk of dying from a string of major diseases, a new study reveals. Researchers found that eating...
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FM: 43 billion HUF support for the dairy sector next year
The dairy sector will receive about 43 billion HUF support in 2016, which is 20 billion HUF more than in 2010 – Nagy István, Parliamentary Minister of State of the...
Read moreQualification is not mandatory everywhere on Sundays
Those people who do not have qualifications can also sell on Sundays in some types of stores under 200 square meters, according to the national economy ministerial decree that was...
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All beers have passed the consumer protection test
The National Consumer Protection Authority tested forty different types and taste of beers. All beers have passed the consumer protection test of the food and chemical control laboratories – the...
Read moreThe World Bank reduced its growth forecast for this year
The World Bank is pessimistic in terms of the growth prospects for the world economy this year, emphasizing that the growth of the developing countries is hindered by the decrease...
Read moreA drop in foreign interest at the French wine regions
The foreign acquisition of the French wine regions decreased between 2011 and 2015, with the exception of the Bordeaux area, where by 2014 significant Chinese investments have been made –...
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USD 85-million loss caused by the sanctions
The European Union’s embargo on Russia and the Russian answer to that cause major damage to Hungary’s economy. Our agriculture loses USD 3-4 million in export revenues every day. The...
Read moreNatural soil protection favoured
In order to protect Hungary’s agricultural land, in the future the Ministry of Agriculture gives priority to using natural soil protection methods, including the use of soil bacteria. By using...
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This year OMÉK will showcase regional products
The 77th National Agriculture and Food Exhibition (OMÉK) will be organised between 23 and 27 September at the Hungexpo Budapest Fair Centre. Regional products will be in the limelight and...
Read moreEight-percent reduction in the price of pork
According to the Agricultural Economics Research Institute’s (AKI) latest report, wine production in the European Union was 167 million hectolitres in 2014, 8 percent below the level of 2013 (the...
Read moreThe further growth of online retail depends on the activity of buyers
The ratio of those who meet with online shopping for the first time is expected to decline to a single-digit by the end of the year from the current 12-14...
Read moreThe government has adopted a development strategy for the food industry
The government has accepted the Hungarian food industry’s medium and long-term development strategy – announced Fazekas Sándor, Minister of Agriculture at a press conference in Budapest on Wednesday. The government...
Read moreNGM: two to three percent inflation would by healthy
Although the prices in May increased by half a percent, the average of inflation in the past five months is still minus 0.6 percent – Balogh László, Deputy Minister of...
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The Ministry of Agriculture would give priority support to herb cultivation
There is a need for the priority support of herb cultivation – the Minister of Agriculture said on Wednesday in Budapest at the opening event of the Medicinal Plant Research...
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One and a half thousand local governments will receive support for summer children’s meals
All the candidates, 1,486 municipalities will receive support from the three billion HUF of the budget, that was allocated for the free summer meals for children competition of the Human...
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A Food Chain Safety Department was created at the Szent István University
The National Food Chain Safety Office (Nébih) and the Veterinary Science Faculty of the Szent István University signed a cooperation agreement on the creation of a field Food Chain Safety...
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Weakening currencies
In early 2015 the Swiss National Bank lifted the 1.20 Swiss francs per euro cap. As a result of this, the Swiss franc strengthened against the forint, the euro and...
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The new list is out: Hungary’s TOP RETAILERS 2014
It is June once again so the new ranking – which is based on last year’s performance – of FMCG retailers is being published. Trade magazin, Hungary’s market leader b2b...
Read moreKSH: 0.5 percent inflation, food prices increased by more than 1 percent
In May, consumer prices were an average 0.5 percent higher than a year before. Compared to April consumer prices rose by 0.7 percent – the Central Statistical Office (KSH) reported...
Read moreThe holidays can cause problems for the shops near the Lake Balaton
There was no commercial chaos during the first Sunday of the real summer weekend at the Lake Balaton – shopkeepers and advocacy organizations near the lake told Világgazdaság. The question...
Read moreThe MNB Increases the security of internet payments
As the internet payments are increasing significantly, the Hungarian National Bank considers it important to increase the security. The Hungarian National Bank (MNB) has started the transposition of the relevant...
Read moreAnalysts were surprised by the rise in consumer prices
Analysts interviewed by MTI called it surprising that the consumer price index in May became positive in Hungary. According to the K&H Bank and the Savings Bank (Takarékbank) the average...
Read moreOpten: the rising trend of company terminations is broken
Compared with April, almost 400 fewer companies, a total of 4245 companies were terminated in the Hungarian economy in May, breaking the trend of increasing company terminations – according to...
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