Market News
Scones for kindergarten children
In mid-November NAK’s Tolna County directorate invited kindergarten children to Pannon Varázs bakery in Szekszárd, where they got a chance to see how and where bakers work. Before leaving, the...
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Milk prices continued to rise
Price increases continued in the dairy market in December. The producer price of milk increased to 88.65 HUF per kg, which is a 6 percent increase, compared to November and...
Read morePlenty of small shops have closed in the past 10 years
Over the past decade, more than 26 thousand small shop were bankrupted, however turnover increased per shop and per square meter. Of course, the number of large department stores increased...
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Analysts: the pace of wage growth continued to accelerate
The pace of wage growth continued to accelerate in November last year and for this year an even more dynamic growth is expected due to the raising of the minimum...
Read moreFazekas: GMO dissemination is not the remedy for water shortage
The dissemination of genetically modified organisms (GMOs) is not the remedy for water shortage in agriculture – Fazekas Sándor Minister of Agriculture emphasized on Saturday in Berlin at the Global...
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Hungary asks for the European Commission’s crisis support
In order to easen the economic impact of the bird flu, Hungary officially asks for the European Commission’s crisis support – the Ministry of Agriculture (FM) told MTI on Monday....
Read moreLess grape harvest was predicted compared to last year in Ópusztaszer
The farmers and the wine estates predicted less grape harvest for this year, compared to last year in the National Historical Memorial Park of Ópusztaszer on St. Vincent day. The...
Read moreNÉBIH: the ban on the most widely used pesticide would make weed control difficult
The withdrawal of glyphosate-based products would make weed control difficult and would make it more expensive – the National Food Chain Safety Office (NÉBIH) told MTI. The agency recalled that...
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Consumer sentiment improved slightly in Europe
According to the preliminary data published by the European Commission’s Economic and Financial Affairs (ECFIN) on Monday, the sentiment index rose by 0.2 points to minus 4.9 points in the...
Read moreChina has become one of the most important trading partner of the EU and Hungary
At a panel discussion at the Lámfalussy conference, Palotai Dániel, managing director of the Hungarian National Bank (MNB) emphasized that China has become one of the most important trading partner...
Read moreThe secret of fruit pálinka
The composition of the fruit pálinkas can be transformed consciously with the changing of the parameters of distillation, so the fruit characters appear more intensively – agrarszektor.hu wrote. As a...
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The Chamber of Agriculture established a phone company
The National Association of Agricultural Economics (NAK) launched a Telecommunication service – Magyar Nemzet wrote on Saturday. The members of the Chamber of Agriculture can choose more favorable fee packages...
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Utility bill payment machines in retail units
Hungarian Post Zrt. started cooperation with CBA and Rossmann Hungary: utility bill payment machines will be installed in 91 drugstores and grocery stores all over Hungary. Rossmann hopes that thanks...
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Food safety from the farm to the table
On 3 November 2016 the National Food Chain Safety Office (NÉBIH) and Szent István University signed a cooperation agreement. The goal is to establish a Risk Analysis Department at the...
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(HU) Harmadik hónapja emelkedik a GKI konjunktúraindexe
Sorry, this entry is only available in HU....
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KSH: the increase in earnings has accelerated
In November, the average gross earnings amounted to 285 800 HUF, which is a 8.2 percent increased over the year, while due to changes in average net income of the...
Read moreFM: the tracking system of the food industry enterprises should be raised to European level
The tracking system of the food industry enterprises should be raised to European level by extending the modern, web-based, mobile-technology solutions in Hungary – Laszlovszky Gábor, the food processing department...
Read moreGermany is the number one partner in agriculture
Germany is Hungary’s number one partner in agriculture. Exports last year amounted to to 1.3 billion euros –Fazekas Sándor, Minister of Agriculture told. He added that the relationships are further...
Read moreInvitel: SMEs are open for Internet marketing applications
The Hungarian small and medium-sized enterprises (SMEs) are open for Internet marketing applications, most of them already have their own website and a significant number of them would use other...
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Rézangyal Kft and Coca‑Cola HBC Magyarország Kft further strengthen their relationship
[19] January 2017. Budapest After six years of successful cooperation, Coca‑Cola HBC Magyarország Kft (“CCHBC Hungary”) and Rézangyal Kereskedelmi Kft (“Rézangyal Kft”) are extending their existing partnership agreement. As of...
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Cooperation for the development of organic farming
The Hungarian Organic Association and the Savings Bank signed a cooperation agreement. The aim is the development of the Hungarian organic farming. The parties undertook to pay special attention to...
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KAVOSZ: 2017 will be a strong year in the use of EU funds
2017 will be a strong year in the use of EU funds because an incredible amount of EU funds will arrive to the market – Krisán László, CEO of the...
Read moreFuel consumption increased by more than 5 percent last year
Last year, fuel consumption increased by 5.5 percent to, almost 3 billion 358 million liters in the Hungarian market. According to the data published by the Hungarian Petroleum Association on...
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Magazine: Trendy liver patés
With its annual volume sales around 9,600 tons, the liver paté category is a medium-sized one among meat products. According to Zoltán Szántó, senior product manager of Pick Szeged Zrt.,...
Read moreRaiffeisen: the outlook for the Hungarian economy is very favorable
The outlook for the Hungarian economy is extremely favorable: the expansion of the GDP may be over three percent this year and for the next year – Török Zoltán, chief...
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Chicken breasts are popular
The buyers take advantage of the benefits of VAT reduction in January. Since the beginning of the year, the processors transport 30-40 percent more chicken breast and 20 percent more...
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Bird Flu: A multi-stage compensation may come
The Poultry Product Council (BTT) estimates the damage arising from the outbreak of bird flu to 9-10 billion HUF – the organization told Világgazdaság. The direct losses of farmers resulting...
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VAT reduction did not impove the sales of fresh milk
Despite the fresh milk VAT reduction to 5 percent in January, the buyers are still looking for long lasting products in the stores – the Magyar Idők wrote. According to...
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The cold weather turns the buying habits upside down
The unusual cold weather turns the buying habits upside down and will likely to pull back the shopkeepers’ revenue – piacesprofit.hu wrote According to the current observations no decrease will...
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