Market News
European pigs are popular
According to the European Commission, the European Union sold 35 percent more pork (1.3 million tons) in the international markets in 2016 in the first four months, compared to a...
Read moreThere is still no inflationary pressure in the economy
There is still no inflationary pressures in the economy, so throughout the year an average of 0.6-0.7 percent price increase can be expected. Analysts told MTI that according to the...
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The British agriculture after the Brexit
Cheap labor may lost, but regulations will be more permissive. For the time being only guessing is taking place about the future of the British farmer after the Brexit. The...
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No more bird flu in Northern Italy
The Ministry of Health in Italy at the end of June withdrew the stict measures in the Emilia Romagna region. The first suspected case was in La Nuova Ferrara at...
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Special vadas sauce for the elderly
Within the framework of the NU-AGE project, which is supported by the European Commission, the specific dietary needs of the elderly population are addressed. MIRELITE MIRSA Zrt. developed its new...
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Neta lobby reloaded
Requesting Neta tax decrease options, BGA recently submitted two amendment proposals to the 2017 tax changes act. Before the final voting, both were rejected therefore a new round of BGA...
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SPAR and P&G campaign for gym refurbishment
This year Procter&Gamble works with SPAR Hungary in a campaign offering the chance to primary and secondary schools to refurbish their gym. Until 20 July shoppers who purchase P&G products...
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Magazine: Growing demand for natural products in the fruit syrup market
According to data from Pölöskei Drink Kft., the fruit syrup category has expanded by 5-7 percent recently and the company’s sales have improved even more than this. Product and strategy...
Read moreAbove average grain harvest is expected this year
According to the Minister of Agriculture, this year above than average cereal harvest can be expected in the country. Twenty-five percent of the wheat has been harvested, the average yield...
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Global consumption of fish is over 20 kg per capita per year
Global per capita fish consumption has risen to above 20 kilograms a year for the first time, thanks to stronger aquaculture supply and firm demand, record hauls for some key...
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KSH: export growth accelerated in May
In May, the value of exports in euros increased by 6.3 percent, while the value of imports in euros increased by 2.4 percent, compared to a year before. The export...
Read moreKSH: 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...
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