Market News
The European Commission terminated the infringement proceedings in the case of excise duty on pálinka
The European Commission terminated the infringement proceeding that was launched in the case of excise duty on pálinka – the press service of the EU commission announced on Thursday. According...
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Soy Boom: a growing demand for the domestic GMO-free protein crop
The soy crop season begins at the end of April. Soy has sown to a 50 percent larger area, ie 77 thousand hectares last year in Hungary. One of the...
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Food, alcoholic beverages and tobacco prices increased in the euro area
After stagnating in April, consumer prices in the euro zone fell in March – Eurostat announced on Friday. According to the flash estimate of the European Union's statistical office, the...
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Agricultural Chamber: report the frost damages as soon as possible
Frost damages must be reported within 15 days from the date of the observation of the frost in order to achieve compensation – Győrffy Balázs, president of the National Agricultural...
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Economic growth is accelerating in Europe
This year’s first quarter growth rate was higher than in the previous quarter both in the European Union and in the Euro Zone – the European Union's statistical office, the...
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Garfield returns with animal records
Garfield returns with another sticker album: this time SPAR presents records from the world of animals. Stickers with the images of the smartest, fastest, most dangerous, etc. animals can be...
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Magazine: Yogurt: you can eat it or you can drink it
Last year sales increased in the yogurt category, with sales improving in all segments. Beáta Várkonyi, external corporate relations director of Danone Hungary told us that they are trying to...
Read moreDomestic retail sales growth beats EU average
The volume of retail sales grew by 6.6 percent and 4.4 percent, respectively, in February 2016 and in the initial two months of the year. Thus, an upward sales trend...
Read moreThe KSH is preparing for another agro-economic structural census
The Central Statistical Office (KSH) is preparing for another agro-economic structural census called “Agrárium 2016” between 15 May and 15 July this year. The census aim to track the changes...
Read moreKSH: employment increased further
The number of employees increased further in the first quarter and 145 thousand more peple are working than a year before – the Central Statistical Office (KSH) announced on Thursday....
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Hungary sent the second highest proportion of alerts about dangerous products into the EU’s system
Hungary sent 238 alerts, due to dangerous or unidentified products into the European Union's rapid alert system (RAPEX) last year, just one less than Spain on the first place. 195...
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Direct Supports Manual has been published
The National Agricultural Economics Chamber supports the work of its members with a handbook again. The publication aims to help the farmers to familiarize with the direct supports that were...
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Czerván György: the frost damages to be mitigated from the 24 billion HUF of the compensation fund
24 billion HUF can be found in this year’s compensation fund – Czerván György, Minister of State of the Ministry of Agriculture told M1 news channel on Thursday. The farmers...
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The Free Trade Agreement may potentially jeopardize European agriculture
The Transatlantic Trade and Investment Partnership (TTIP) can have a major impact on farming and food production in the European Union – the Friends of the Earth Europe and the...
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The Nébih suspended the operation of a tofu plant in Budapest
The National Food Chain Safety Office (Nébih) suspended the operation of a tofu plant in Budapest, due to hygiene and traceability problems. Due to hygiene and traceability problems nearly 600...
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The first months of 2016 produced an unexpected sales growth for retailers in Brazil
The first months of 2016 produced an unexpected sales growth for retailers in Brazil. Sales were up 1.2 percent in February – the biggest growth since July 2013. There has...
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Magazine: The barbecue season is about to start – there are unanswered questions, though
Although sales are growing in the grill product market year after year, major manufacturers are missing from the Hungarian market, while others have decided to narrow the selection of products...
Read moreGfK: a boom may come in domestic retail
The annual conference of the Hungarian Association of Shopping Centers (MBSZ) was held on 25-26 April 2016. The 170 representatives of the domestic retail analyzed the developments of the past...
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The dairy market balance must be restored
The market needs to find a balance between supply and demand, which will require radical ruthless measures – Agroinform.hu wrote. According to the German Wochenblatt für Landwirtschaft und Landleben, urgent...
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Hungarians consume domestic melons
Ninety percent of the domestic melon consumption are Hungarian melons – the Minister of State of the Ministry of Agriculture said at the Fifth National Melon Forum on Wednesday in...
Read moreA 4 percent decline in live cattle exports
According to the data of the Central Statistical Office (KSH), a 4 percent decline occured in January 2016 compared to January of 2015 – agroinform.hu wrote. The main partners were...
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Nébih: low-fat milks were withdrawn from circulation
Several 1.5 % UHT milk with Slovak and Czech origin were withdrawn from circulation, because according to the laboratory tests, their fat content was lower than indicated – the National...
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MNKH: expanding relations in the Carpathian region
The reginal offices of the Hungarian National Trading House (MNKH) achieved a considerable success since last December in Arad and in Nagyvárad. During the nearly half a year of operation,...
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We do not mind overtime if it is paid
Although typically everyone works overtime, but for extra money we would take even more – according to a research by Randstad Award. Among the Hungarian workers only the majority of...
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It is worth to make economic ties with Pakistan closer
Hungary should make economic ties closer with Pakistan – Magyar Levente Minister of State responsible for economic diplomacy told M1 news channel, after negotiations in Islamabad, Pakistan, on Tuesday. The...
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Great success for Hungarian wines in the USA
Altogether 8 Hungarian wineries were rewarded at the Finger Lakes International Wine Competition, the most prestigious wine contest in the USA. Matias Winery’s Hárslevelű ice wine came home with a...
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Magazine: MagyarBrands 2015: Hungarian brand, international value
The MagyarBrands Committee of Experts has been rewarding brands with a Hungarian connection for six years. Seven criteria are considered in brands’ evaluation: traditions, employment, ownership structure, reputation, identity, how...
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The April cooling caused havoc in the orchards
Due to the past few weeks’ morning cool downs a massive damage have occurred in the orchards. Mostly strawberries have suffered in the frost. The bad weather at the end...
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NGM: 300 billion HUF more on GINOP this year
The government increased the framework of the Economic Development and Innovation Operational Programme (GINOP) with 300 billion HUF this year – the Deputy Minister of State of the National Economy...
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A new supporter behind the Hungarian Paralympic team
The WestEnd City Center signed a supporter contract with the Hungarian Paralympic Committee (MPB) for the Paralympics in Rio. Szabó László, chairman of the MPB told at a press conference...
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