Market News
Brussels wants 1-percent growth in the size of grape plants
According to a new regulation by the European Commission, from 2016 until 2030 EU member states are allowed to increase the size of grape growing land by maximum 1 percent...
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Meat Association: the VAT reduction whitens the economy
The presidency of the Meat Association opines that reducing the VAT on meat to 5 percent can greatly contribute to cleansing the sector and fostering a fair market competition....
Read moreList of 2007-2014 agricultural subsidies
The Ministry of Agriculture and the rural development secretariat of the PM’s Office are preparing a list of the various subsidies granted to farmers in the 2007-2014 period. With the...
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Nielsen: Nearly half of the Hungarian consumers are open to new products
An average of 32 500 new products appear in the food retail every year and after twelve months about 8 thousand remain on the market – Barta Mónika, Senior Account...
Read moreSunday store closure: pros and cons about the number of the employees
The number of employees decreased by more than two thousand in trade and the number of overtime hours also jumped since the introduction of the Sunday store closure – the...
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Hungary is one of the largest net beneficiary of the EU's new budgetary cycle
Hungary is one of the largest net beneficiary of the European Union’s new budgetary cycle that lasts until 2020 – Szűcs Tamás, head of the European Commission’s Representation in Hungary...
Read moreThe Nébih did not find deficiencies at lemon beers
The National Food Chain Safety Office (Nébih) tested fifteen lemon beers and found no deficiencies during the two months-long on-site control of the 4 largest domestic breweries. According to the...
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New trading houses will open in the Carpathian Basin
The Hungarian government will expand the network of trading houses in the Carpathian Basin – the Minister of Foreign Affairs and Foreign Economic Relations announced in Budapest on Tuesday, at...
Read moreThe majority of the cherry from Nagykörű to be exported to Romania this year
Exports to neighboring countries increased significantly from the internationally renowned Nagykörű cherry this year, meanwhile the interest towards the West European markets declined – Veres Nándor, mayor of Nagykörű told...
Read moreThe MNB expects price increases and larger growth
The Monetary Council of the Magyar Nemzeti Bank, increased its expectations for GDP expansion by relation by 0.1 percentage points to 3.3 percent. The Hungarian National Bank (MNB) also increased...
Read moreSzekszárdi wines bottled with a uniform image
The bottling of the Szekszárdi wines with uniform appearance has begun. The first wines were the 2012 vintage kadarka wines of the Mészáros Winery that were filled into the wine...
Read moreDeloitte: Hungarian companies spend more and more on research and development
The business-related spendings on research and development (R & D) increased significantly in the 2010-2013 period. As a result, after nine years of stagnation of around 1 percent the proportional...
Read moreThe IMF doesn not like the Romanian VAT reduction
The Romanian government's plan to reduce the current 24 percent general VAT rate to 19 percent can cause substantial government deficits – the International Monetary Fund (IMF) believes. Guillermo Tolosa,...
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Working hours vs. private time: blurred lines
Working from home and handling private matters during working hours: technology enables us to be connected anywhere, anytime. What does that mean to our workload? And are people still able...
Read moreCider is the most popular drink of the summer
Strongbow is a dry cider produced by H. P. Bulmer in England since 1962. The dry cider is the world's leading cider with a 15 per cent volume share of...
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Magazine: Office in your pocket
Smartphones are conquering the world. According to the Ericsson Mobility Report (published this February), last year 1.3 billion were sold worldwide. It took 5 years for the number of smartphone...
Read moreGKI expects an around 2.7 percent GDP growth
The GKI Gazdaságkutató Zrt. Economic Research Company published its latest projection on Monday. According to the projection, the Hungarian economy will grow faster in 2015 than the EU average, which...
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Analysts: a slowing, but still a significant wage growth
The wage growth is slowing, but is still significant – analysts told MTI. This year, an about 3.5 percent real wage growth can occur, according to the Savings Bank, while...
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The payment of EU funds significantly accelerated in Hungary
87 percent (21.7 billion euros) of the EU support funds of the 2007-2013 cycle were distributed to the beneficiaries in Hungary by the end of 2014, which represents a 25...
Read moreThe trade union calls the winners of the tobacco tender for the equitable distribution of jobs
The Trade Union of Tobacco Industrial Workers (DDDSZ) calls on the tobacco consortium that won the tobacco tender to give a real opportunity to all employees who are working at...
Read moreThe purchase price of cherries is low
The purchase price of cherries is low in Szabolcs-Szatmár-Bereg and Hajdú-Bihar counties, so the farmers can leave the fruit on the trees as well – a local primary producer informed...
Read moreHarvest has begun in Békés county.
Winter barley is produced on 12.5 thousand hectares in Békés county. The experts forecast 4.5 tons per hectare average yields. The winter barley harvest has started in every district of...
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The MakerBot has opened its first European Innovation Centre
MakerBot’s first European Innovation Centre was opened near Milan, at the University of Cattenao (LIUC) on 10 June, at the innovation centre nearly 2 thousand students can use 20 pieces...
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HEINEKEN conquers Asia and Mexico
HEINEKEN, the world’s third biggest brewing company performed better than they had hoped, because sales in the Asian market increased by 11 percent. Heineken’s volume sales were up 2.2 percent...
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BGA will continue its lobbies
Though the parliament passed the amendment of the ad tax act, BGA will continue its lobbies to delete the notion of self-ads detrimental to brand building....
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Wine competition at a higher level
Tamás Tornai, the president of the National Council of Wine Communities (HNT) told at a press conference that they wish to integrate many existing wine competitions into the Hungarian Wine...
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BGA is a sponsoring partner of the annual Unfair Commercial Practices Directive
For the third year now, BGA is a sponsoring partner of the annual Unfair Commercial Practices Directive conference this time focusing on cosmetics and social media....
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Ice cream sales: the concentration process came to a halt
With annual sales above HUF 22 billion, ice cream is in the top 20 of the 90 grocery categories audited by Nielsen. Retail value sales fell 2 percent and volume...
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Sixty-five large food companies will be left out of the development support
A total of 65 domestic large food companies in Hungary will not receive development support in the 2015-2020 budget cycle – agrárszektor.hu wrote, on the basis of KSH’s list. The...
Read moreThe ÉFOSZ calls for VAT cuts
The National Association of Food Industries welcomes the adoption of the Food Development Strategy – the ÉFOSZ published on its website. The organization considers the government-level recognition of the food...
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