Market News
KSH: consumer prices fell 0.2 percent in June
In June, consumer prices were on average 0.2 percent lower than a year before. Compared with May consumer prices rose by an average of 0.2 percent – the Central Statistical...
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FM: simplification in the Common Agricultural Policy is needed
Hungary is interested in the simplification of the Common Agricultural Policy’s (CAP) support system and to make it more efficient – Fazekas Sándor, Minister of Agriculture told at a coordination...
Read moreBisnode the number of new companies increased in the first half of the year
Several years of downward trend has been reversed. Now the number of new businesses grew by 5.9 percent in the first six months in Hungary, compared to the first half...
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Gyermelyi opens new crop growing centre
On 16 June Gyermelyi group opened their new crop growing centre, the result of a HUF 1.6-billion investment. Gyermelyi has to manage production on 8,700 hectares of land. Minister of...
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Brau Beviale 2016: ‘The table is set’
NürnbergMesse has organised a press conference in Vienna to give journalists detailed information on this year’s Brau Beviale trade show, which will be held between 8 and 10 November 2016....
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COOP opts for the Visma Retail system
Based on Szintézis Informatics Zrt.’s recommendation, CO-OP Hungary Zrt. has chosen the Visma Retail POS system. The three parties signed a cooperation agreement on 9 June 2016, on the complete...
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Magazine: Salami tactics: it works!
Last year seems to have brought a positive change in the declining sausage and salami market: thanks to a good performance by salamis, sales started to grow again. Zoltán Nagygyörgy,...
Read moreA EU report says that 11 percent of the protected Hungarian foods are falsified
10.8 percent of the geographical designation protected Hungarian food products proved to be false – according to a new report by the European Union Office of Intellectual Property (EUIPO). In...
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Melon producing season has started better than in 2015
The purchase price paid for the Hungarian melon is high since Monday. The season started well for the growers. Grósz György, Melon Sales Manager of the Medi-Fruct Termelői Értékesítői Szövetkezet...
Read moreBisnode: the proportion of the dynamic Hungarian companies in Europe is almost 6 percent
The proportion of Hungarian companies is almost 6 percent in the list of Europe's fastest-growing companies – the Bisnode Magyarország Kft. told MTI on Thursday. The Inc. magazine is publicating...
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The Polish Sejm adopted a law on special tax on retail
The Polish Sejm voted the bill on Wednesday on the special retail tax. The European Commission has not raised an objection against the introduction of the progressive surtax. According to...
Read moreThe Association of Social Cooperatives for Job Creation has been formed
The Association of Social Cooperatives for Job Creation (MUSZOSZ) has been formed. The association aims to support the underdeveloped regions, the poor unfortunate, often long-term unemployed people. In Hungary, three...
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Growing gap between animal and vegetable product prices
In March 2016 the production price level of agricultural products increased by 2 percent if compared with the level of the same period one year earlier. Vegetable product prices augmented...
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Good first-quarter performance by Hungarian grocery retail
Hungary’s grocery retail produced a 4.6-percent growth in value sales in Q1 2016 if compared with the first three months of 2015. This growth was the third biggest in the...
Read moreMagazine: A beer-friendly summer
Last year the Hungarian beer market expanded and if the weather will be nice and the tax burden doesn’t increase, 2016 can be a good year too, as there will...
Read moreAnalysts: retail expansion may remain in long-terms
The dynamic growth of retail sales continued in May. The retail expansion may remain in the next few months – according to macroeconomic analysts interviewed by MTI. According to the...
Read moreMagro.hu: good wheat crop and low prices are expected
In addition to a good wheat crop, low crop prices are expected this year in Hungary. Five million tons of wheat will be transported to the granaries – according to...
Read moreNébih: the food chain supervision fee should be paid until July 31
The uniform one per thousand food chain supervision fee’s first installment to be paid until July 31. The European Commission’s decision – published last week – does not affect the...
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The MVH paid out more than 98 percent of the agricultural subsidies
More than 98 percent of last year's direct agricultural subsidies were paid out by the Agricultural and Rural Development Agency (MVH) on time, by June 30, making it possible to...
Read moreThe preservation of GMO-free agriculture has a great importance
The preservation of Hungary’s GMO-free status in agriculture has a great importance . Hungary in every forum firmly and consistently represents to ban the public production of GM crops in...
Read moreReduced VAT to be extended to the agriculture in Romania
The reduced VAT rate to be extended to the agriculture after the food industry in Romania – the Magyar Nemzet Online wrote. After the food industry, the reduced VAT will...
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Tractors no need to afraid from the EKÁER
Despite false news, the mandatory notification into the electronic system of road haulage (EKÁER), will not pertain on tractors – agrarszektor.hu wrote. Agricultural tractors are not considered as motor vehicles,...
Read moreKSH: Retail sales increased by 6.8 percent in May
According to the raw data, retail sales in May rose 6.8 percent, compared to the same period of the previous year. Calendar effect adjusted the increase was 5.7 percent –...
Read moreFM: no need for change in the food chain supervision fee payment system
The European Commission (EC) on Monday found the food chain supervision fee in Hungary irregular. No changes are required in the food chain supervision fee payment system due to the...
Read moreOECD-FAO: medium-term outlook for agriculture between 2016-2025
The OECD-FAO Agricultural Outlook 2016-2025, published today, is a collaborative effort between the two organizations. It brings together the commodity, policy and country expertise of both organizations and input from...
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Retail sales grew in Europe
In May, retail sales increased by 0.4 percent, compared to the previous month in the euro zone and in the European Union – the European Union's statistical office, the Eurostat...
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MNB: SMEs applied for 125 billion HUF in the third stage of the growth loan program
In the third stage of the growth loan program (NHP), so far 4600 domestic micro, small and medium-sized enterprises were granted fundings in the amount of approximately 125 billion HUF...
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According to a new research, pasta is not fattening, quite the opposite
In recent years pasta gained a bad reputation: it will fatten you. This led lots of people to limit its consumption, often as part of some aggressive “do it yourself”...
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The Nébih seized more than 10 tons of meat in a meat shop in Dunavarsány
The National Food Chain Safety Office (Nébih), seized more than 10 tons of meat in a meat shop in Dunavarsány and ordered the destruction of the products. The inspectors found...
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Golden jackals cause nearly one billion HUF damage to the sheep breeders every year
Golden jackals, stray dogs and thefts cause nearly one billion HUF damage to the sheep breeders every year. According to the sheep breeders a law amendment would be necessary to...
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