Market News
Agrárium 2016: agricultural registry
Farmers could fill out the Agrárium online questionnaire until 29 May and those who failed to do this will have to answer the questions of registry officers between 1 June...
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OTP plans to increase share in the financing of agriculture
Instead of the present 16-17 percent, OTP Bank plans to increase its share to 20 percent in the financing of agriculture by 2020. The bank prefers the crop farming segment...
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Magazine: SMART conference 2016: an abundance of innovations
Budapest was the host of the international SMART conference, where new technology startups and technological solutions had the chance to introduce themselves. Endless and the Hungarian Association of IT Companies...
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Magazine: Polish puzzle waiting to be solved
From time to time the news spreads that Polish produce (apple, potato, etc.) is dumped on international markets, causing price reduction and driving Hungarian produce out of these markets. It...
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The Hungarian dairy sector receives three billion HUF support from the EU
The European Union on Monday decided on the new support package of 500 billion euros for the milk sector. Hungary will be given 2.7 percent (9.5 million euros) of the...
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Food trade’s TV spots reached the highest number of viewers in June among the product categories
The longest average daily TV watching time was measured within the age group over 60, while the the 18-29 age group watched the TV the least. On list price, advertising...
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FM: melon-growing area increased significantly
The National Watermelon Program (launched in 2011) is very effective. The melon-growing area of Hungary, has increased significantly since then, now it is around about 6 thousand hectares – Nagy...
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The supermarket chains buy melons from Hungarian suppliers
Tesco buys exclusively watermelons from Hungarian suppliers from 18 July again. The Auchan follows the example as well as Lidl, Aldi, the CBA, the Metro and Spar will only sell...
Read moreRaiffeisen: economic growth will be 2.2 this year and 2.7 percent in the next year
The analysts of the Raiffeisen Bank expect a 2.2 percent economic growth for this year a 2.7 percent for the next year and 2.9 percent for 2018 – Török Zoltán,...
Read moreFM: The development of the national pálinka strategy may begin this year
The development of the national pálinka strategy may begin even this year – Gál Péter, Deputy Minister of State for the Ministry of Agriculture (FM) told in Budapest on Tuesday,...
Read moreGerman and Euro Zone business sentiment deteriorated heavily
As the result of the Brexit business sentiment worsened in Germany and in the euro zone in July much stronger-than-expected – according to the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung)...
Read moreBarley was domesticated on the current territory of Israel
On the basis of genetic analysis of 6,000-year-old seeds found in the Judean desert, an international team of researchers believes that barley was domesticated on the current territory of Israel...
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Online Retailers of the Year announced
SzEK.org, eNet and IVSZ’s 18-member jury selected the best online retailers of the year for the 10th time. In the SME category light source online store Lumenet finished first. The...
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More than 175,000 funding applications submitted
By midnight 23 May 175,355 standard funding applications were submitted for 5 million hectares of land to the Agricultural and Rural Development Agency (MVH). Applications can still be sent between...
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Vast majority of institutions are likely to be closed with a legal successor named
The government has published its decree on which background institutions of various ministries – there are more than 50 – are about to undergo a restructuring. For instance the Agricultural...
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Magazine: ULINK 2016
How time flies! ULINK members have met for the ninth time – former Unilever workers (who used to have their own club called VUKK) and current employees of the company...
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The EU approves another 500 million euros market support package for the milk producers
Phil Hogan EU Commissioner responsible for Agriculture announced a new 500 million euros market support package to help the milk producers – Czerván György, Minister of State told at a...
Read moreThe harvest is expected to be completed by the beginning of August
Farmers in the country expect to complete harvest by the beginning of August, if the weather remains favorable and no rain occurs – the President of the National Grain Producers...
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Huge amount of cash in the economy
On 1 January 2016, 425 million banknotes and one and a half billion coins were in the economy in Hungary. The government could also gain one hundred billion HUF amount,...
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Disappear recommended for diabetics food labeling
From July 20, labeling of foods recommended for diabetics disappears, for example, the often used orange circle. The majority of diabetic food manufacturers used separate labeling – including the orange...
Read moreThe Book of Wine Excellences showing white and rosé wines has been published
Two hundred and ninety wines have been included to this year’s third volume of the Book of Wine Excellences in 2016. The publication of the Ministry of Agriculture (FM) was...
Read moreThe Hungarians are real e-travelers
65 percent of the Hungarians consider Internet as a useful tool. During the planning of their holidays 87 percent of them connect to the internet, while the wi-fi access is...
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First MFB Point opens in Kecskemét
With the network of MFB Points, a special system is being created in Hungary for the stable and transparent granting of repayable EU funding that represents a value of several...
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Magazine: The 10 biggest online retailers
GKI Digital compiled the list of the 10 biggest online retailers in Hungary for the second time. At the top of the list – just like last year – we...
Read moreThe annual wheat requirement is already in the warehouses
Already twice of Hungary's annual wheat requirement is in the warehouses – the deputy chairman of the National Association of Grain Producers told M1 news channel on Saturday. Petőházi Tamás...
Read moreUS retail increased faster-than-expected
On a monthly basis US retail sales increased by 0.6 percent in June, which exceeded the 0.1 percent growth forecasting consensus – portfolio.hu wrote. According to the Trade Ministry, retail...
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Tisza fish soup was added to the National Depository
The Tisza fish soup was added to the National Depository specified by the Hungarikum Commission – the Minister of Agriculture announced on Saturday, in Tiszaderzs, Jász-Nagykun-Szolnok county. Fazekas Sándor told...
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Euro-zone external trade surplus increased in May
The Euro-zone accumulated surplus of 24.6 billion euros in May in trade with the rest of the world. It is more than 34 percent higher than the 18.3 billion euros...
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Pininfarina to design Zetor tractors
The tractors are no longer just simple machines, but also a kind of status symbols: internal technical content and external appearance is important as well – agrarszektor.hu wrote. The Zetor...
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BOMBAY SAPPHIRE, the jewel of gins
The Bombay Sapphire gin is characterized by softness like no other, which is based on the harmony of 10 unique ingredients. The lemon peel, the fleur-de-lis root, the cassia bark,...
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