Market News
Hungarian sour cherry’s competitiveness declined
Hungary does not use its opportunities in cherry cultivation, despite the world-famous varieties – a professional publication states. According to the professional publication, published on the occasion of a conference...
Read moreIt is understandable why there are no sellers in the Hungarian stores
The stores are looking for 55 thousand sellers in the EU countries. The labor shortage is an overwhelming burden in other EU countries as well. Most of the vacant positions...
Read moreConsumers were assessed with an online test
Only a fraction of the regular wine consumers are declaring themselves as wine lovers – according to the recently conducted online survey, the Great Wine Test carried out with the...
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Brazil weather may increase coffee prices
Because of the weather in Brazil the price of morning drinks can increase significantly: coffee and orange juice prices may increase soon, in addition the price of sugar is also...
Read moreIn September, the GKI economic index increased within a margin of error
GKI economic index increased within a margin of error in September. The business expectations have improved slightly, while the consumer expectations have not changed substantially – the GKI Economic Research...
Read moreA big improvement in German business sentiment in September
Business sentiment improved well above the rate expected in September in Germany – according to the survey of the ifo economic research institute. In September, the business sentiment index increased...
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NGM: municipalities mainly applied to modernize their kitchens
Those governments that applied to the children's meals competitions tenders primarily aimed to modernize their kitchens – the Deputy Minister of State for the Ministry of National Economy (NGM) told...
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More efficient NAV inspections
In the future the most important elements in the inspection system of the National Tax and Customs Administration (NAV) are: inspection of targetedly chosen tax payers, checking economic events taking...
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State-owned horticulture company to sell 200,000 grafts
State-owned Hungarian Horticultural Propagation Material Non-profit Kft. (MKSZN) is getting ready to sell about 200,000 grafts in the fruit grafting periods of autumn 2016 and spring 2017. At the moment...
Read moreKSH: retail sales increased by 2.9 percent in July
The retail sales volume in July increased by 2.9 percent according to raw data, and by 4.0 percent calendar effect adjusted compared to the same period last year – the...
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Milk Marketing Board: the price of raw milk is rising
The basic and raw price of the domestic raw milk increased by 2.5 percent in August. The Milk Marketing Board Interprofessional Organization expects a more than 85 HUF per kilogram...
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Increased output in the poultry sector
The output of the poultry sector has increased. In 2015, the sector gave 13.3 percent of total agricultural output – Czerván György Minister of State said on Friday in Devecser....
Read moreEU's Common Agricultural Policy needs to be simplified
After the new EU budget period starting in 2020, the Common Agricultural Policy (CAP) needs to be simplifed and bureaucracy should be reduced – Fazekas Sándor said at a press...
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The Budapest Wholesale Market is celebrating its 25th anniversary
The Budapest Wholesale Market opened its doors in the summer of 1991. The proximity of highways improved access to the market and the thanks to its popularity, since the opening...
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The amount of counterfeit goods seized by the EU authorities increased in 2015
The customs authorities of EU member states seized about five million pieces more counterfeit articles in 2015 than in the previous year – the European Commission said on Friday. According...
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The Nébih seized more than 2.5 tons of food products in Vecsés
The National Food Chain Safety Office (NÉBIH) ordered the destruction of more than 2.5 tons of expired and unlabeled food of unknown origin. Among the destroyed goods, the experts of...
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Improved consumer sentiment in Europe
Consumer sentiment improved as expected both in the euro zone and in the European Union – according to the preliminary September survey of the European Commission’s economic and financial directorate....
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Farmers calculate with a good year
According to the Agricultural Economic Index, commissioned for the first time by Budapest Bank and prepared by GfK Hungária, farmers forecast a positive turn of events this year. The representative...
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Energy audit service
The Hungarian Chamber of Agriculture (NAK) starts an energy audit service for large agri-food businesses (those employing more than 250 people and having annual net sales above EUR 50 million),...
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Wine sector strategy in the pipeline
HNT has prepared the first draft of the wine sector strategy and the text is now in a discussion phase. Many representatives of the sector were consulted during the preparation...
Read moreFM: agriculture is a major contributor to economic growth
The output of agriculture greatly helps the growth of economy this year. The volume of the sector’s gross added value increased by 13.4 percent in the second quarter, contributing to...
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Europe's largest producer of sunflower can be Hungary
Sunflower farmers are expected to harvest 1.8 million tonnes of sunflower, thus Hungary could be the largest European producer of sunflower – the Minister of Agriculture told M1 news channel....
Read moreOECD: global economy remains trapped in low growth
The world economy remains in a “low-growth trap” and weaker conditions in advanced economies will persist into 2017, the Organization for Economic Co-Operation and Development (OECD) warned on Wednesday. In...
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Hungarian-Chinese food safety memorandum of understanding was signed in Budapest
Fazekas Sándor, Minister of Agriculture and Chiang Chin-zsung, the Vice-Minister of the China Quality Inspection and Quarantine Bureau (AQSIQ) signed a food safety memorandum of understanding for dairy products and...
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NGM: More than three billion HUF to improve the conditions of children's meals
The government intends to give more than three billion HUF to improve the conditions of children's meals. Berczik Ábel Deputy Minister of State for the Ministry of National Economy (NGM)...
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To sell alcohol at night was banned in Kiev
In Kiev banned the sale of alcohol at night. The decision was taken at a meeting of Council 22 September, it was supported by 86 deputies. Restrictions will apply from...
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GKI: balance-worsening changes are about to start
This year’s economic growth is slower than last year’s 2.9-percent expansion, due to less funding from the EU and fewer government investments. Just like in the 1st quarter of the...
Read moreSavings Bank: GDP may increase by 2.2 percent this year and by 3.3 percent next year
The Hungarian economy may grow by 2.2 percent this year, while by 3.3 percent next year, according to the most recent forecast of the Savings Bank (Takarékbank Zrt.). The government...
Read moreNÉBIH: the GMO-free production rules have become stricter
The rules of the GMO-free production have become stricter. The regulation defining the rules of genetically modified organism-free production and the conditions for the distribution of GMO-free food and feed...
Read moreIt is crucial to improve competitiveness in the agricultural sector
The uncertainties of the post-2020 EU support system and the increasing market competition both show that it is essential to improve competitiveness in the agricultural sector – Győrffy Balázs, president...
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