Market News
Dairy Product Board: A slowdown in domestic raw milk prices
According to the press release of the Dairy Product Board, there is no doubt that the loss of domestic raw milk prices continued in July, but the rate of decline...
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Price forecast for autumn cereal seeds was published
The Seed Association Interprofessional Organization and Marketing Board this year also announced the indicative price for the seeds of the winter cereal crops (winter wheat, winter barley, triticale). The price...
Read moreHENT: third of young people bought counterfeit products in the past year
The Hungarian youth consider companies that are manufacturing original products as the biggest victims of counterfeiting. However the Hungarian young people care less about the economic and social impact of...
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The market wants traceable products
In the last 1-2 years demand for reliable product data increased in logistic processes. Regulation 1169/2011 of the European Union entered into force in December 2014. It regulates how consumers...
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Reliable or not
1 May is the date when the tax authorities start the first-quarter classification of tax payers. However, only those tax payers received electronic notification who were deemed reliable or risky...
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The Hungarian population is expanding its consumption
On the basis of the retail data, consumption is expanded in the last period, but the population is also trying to repay its previous debts, loans and willing to increase...
Read moreHungarian sweet corn is popular in Europe
Half a million tons of corn will be transported to the production plants this year. As it was said at Syngenta’s event in Hajdúszoboszló: a large part of the crops...
Read moreMandatory nutrition labeling is important due to the spread of health-conscious lifestyle
The healthy diet is increasing all in the world and in Hungary as well. People are more and more conscious for on food energy content, therefore the mandatory nutrition labeling...
Read moreGVI: SME sector’s business confidence index decreased in the second quarter
According to the data of the Hungarian Trade and Industry Board (MKIK) and Economics and Business Research Institute (IEER) July survey, the business climate index in the small and medium-sized...
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GfK: the market for technical consumer goods grew by more than 10 percent
The sales of durable technical goods increased by 10.6 percent in Hungary in this year's second quarter, compared to the same period of last year. The total turnover amounted to...
Read moreA model Farm construction began in Budakalász
An eco-tourism demonstration area an adventure park, and a kind of model farm is being built on the outskirts of Budakalász fom 100 million HUF. The local government covers the...
Read moreV4 countries urge measures in the dairy and pig markets
The agricultural chambers of the Visegrád Four (V4) countries – the Czech Republic, Poland, Slovakia and Hungary – want further steps to help the dairy and pig sectors. V4 countries...
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Magazine: Conference at Sirha
The Guild of Hungarian Restaurateurs (MVI) organised a very interesting conference at Sirha Budapest. Roundtable discussions were held in four topics and the first theme of discussion was the problems...
Read moreNutrition labeling on foods will be mandatory from mid-December
It will be mandatory to indicate the nutrition information on prepacked foods from 13 December – the National Food Chain Safety Office (NÉBIH) told MTI on Tuesday. According to the...
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The Bakers’ Association introduces a trademark for Hungarian bakery products
The Bakers’ Association introduces a trademark for those Hungarian bakery products which are made in Hungarian plants, from Hungarian materials, with Hungarian labor force, which is a guarantee of quality...
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That is how to pair beer with food
The Association of Hungarian Brewers shows the beer-food matching pairs on an information graphics.The Beer Guide of the Beer Association helps what kind of beer should we choose for main...
Read moreThe new tobacco regulation enters into force on Saturday
The new government regulation, regulating the packaging of the tobacco products will enter into force on Saturday. According to the regulation, the new tobacco products will be marketed in an...
Read moreVAT on internet to be reduced despite the rejection of the European Commission
Despite the refusal of the European Commission, the government will reduce the VAT on internet services from January 2017 – Világgazdaság wrote on Tuesday. Világgazdaság recalled that the European Commission...
Read moreFeketelista.hu: the number of company liquidation is continuing to decline
The reduction in the number of company liquidation is continuing. In the first half of this year 20 percent less 4333 firms were liquidated, compared to last year’s same period....
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Nézőpont: the majority supports the government actions against black economy
The majority of the Hungarian population supports government operations against the gray and black economy – according to the most recent survey of the Nézőpont Intézet (Viewpoint Institute). According to...
Read moreEconomic sentiment improved in Europe's largest economy
Economic sentiment improved in August in Germany and in the euro zone – according to survey of the Mannheim-based ZEW economic research institute. The German economic sentiment index improved by...
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Illegal spraying against potato beetles
Some domestic small-scale farmers are tired of the vain attempt to exterminate the potato beetles with commercially available sprays. Thus, the watchful farmers buys the effective and proper insecticide from...
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A French cheese was withdrawn from circulation
An E. coli bacteria contaminated French cheese was withdrawn from circulation by the authorities – magyaridok.hu wrote. The information came via the EU’s rapid alert system. The product was available...
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Poland imposes taxes on expansion
Poland introduced a new tax that is supposed to create better market positions for Polish companies. From the middle of summer major European retail chains will have to pay a...
Read moreSuccessful innovations
Hungexpo – the organiser of the Sirha Budapest 2016 trade show – and Trade magazine organised an innovation competition for exhibitors, who could enter the contest with innovative products launched...
Read moreTriticale is the crop of the future
Thanks to its wide range of good characteristics, triticale is becoming more and more important as a feed grain – our magazine learned at an international conference in Szeged. This...
Read moreThe trade association proposes to establish a fund to support the retention of labor force
The Hungarian National Retail Federation (MNKSZ) welcomes the fact that the government is examining the possibility to establish a fund to support the retention of labor force. The MNKSZ responded...
Read moreKSH: agricultural producer prices increased by 1.5 percent in June
Due to the 3.5 percent rise in the price of crop products and the 1.8 percent price decline of live animals and animal products, the agricultural producer prices increased by...
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Livestock farmers suffered significant losses
Due to the the increase in feed prices and a simultaneous decrease in the purchase price of animal products considerable losses occured in recent months to the classic livestock sectors,...
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Negotiations are continuing about the wiring costs of the vending machines
By September, all the questions may be cleared about the wiring costs of the vending machines – the president of the professional association of entrepreneurs operating the machines said –...
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