Market News
South Békés melon plans go up in smoke
Date: 2014-10-10 22:31:33
The year was worse than expected for melon producers in South Békés: heavy rains at the end of summer ended the season earlier than usual. This year 40 tons of...
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Sour cherry growers saved
Date: 2014-10-10 22:28:06
The state decided to give non-refundable subsidy to sour cherry growers for the processing of excess sour cherry and for temporarily holding back sour cherry from the market. HUF 800...
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Preliminary evaluation of the year in agriculture
Date: 2014-10-10 22:26:24
NAK opines that the rainy summer was good for corn. The chamber called attention to the fact that sunflower is in good condition all over the country but too much...
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Already more than four thousand opinions on land sales
Date: 2014-10-10 22:24:32
As of 1 May 2014 temporarily NAK’s county presidencies are acting as land committees. Since then they gave their opinion on more than 4,000 sales contracts. In certain counties such...
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NAK supports cutting milk’s VAT
Date: 2014-10-10 22:22:19
At their last meeting NAK and the Dairy Interprofessional Organisation and Product Council proposed the reduction of VAT on milk from the present 27 percent to below 10 percent. The...
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Increasing prestige of agricultural higher education
Date: 2014-10-10 22:20:16
Balázs Győrffy, the president of the Hungarian Chamber of Agriculture (NAK) told at a Budapest trade meeting that in the future agricultural higher education would be better adapted to the...
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AKG to restart in two years time
Date: 2014-10-10 22:18:22
Officials announced at an agricultural forum organised by the Prime Minister’s Office in Bátaszék that HUF 450 billion would be available for investments and HUF 188 billion for environmental protection...
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‘Shopping needs to be fun’
Date: 2014-10-10 22:14:55
Grocery retail in Austria is much more concentrated than in Hungary: in Hungary there are 18,700 grocery stores for 10 million people, while in Austria 5,600 stores serve 8.5 million...
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MNKH and VOSZ KMRSZ sign agreement
Date: 2014-10-10 22:12:17
The Hungarian National Trading House Zrt. (MNKH) and the National Association of Entrepreneurs and Employers’ (VOSZ KMRSZ) Central Hungary Section signed a cooperation agreement. Supporting Hungarian SMEs in uncovering new...
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Green light given to Hungarian meat in the New World
Date: 2014-10-10 22:10:09
According to the Ministry of Agriculture, after on-site inspections carried out by the USDA Food Safety and Inspection Service in Hungary, more Hungarian meat products have been given the green...
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Hungary-Macedonia business relations improve further
Date: 2014-10-10 22:07:39
On 2 September the Hungarian National Trading House Zrt. (MNKH). organised a business forum where participants had the chance to conduct negotiations with members of Macedonia’s government. Macedonia is one...
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Brazil is our main market in Latin America
Date: 2014-10-10 22:01:46
So far the Americas haven’t been important markets for Hungarian produce. About 83-84 percent of our agri-food export goes to the European Union. However, it is our basic interest to...
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FMCG commercials reached more viewers in the first six months
Date: 2014-10-10 21:47:49
According to data from Nielsen Audience Measurement Kft., in the first half of 2014 commercials for groceries, household chemicals and cosmetics had a 2 percent higher Gross Rating Point (GRP)...
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What makes a breakthrough innovation?
Date: 2014-10-10 21:45:33
Nielsen’s ‘Breakthrough Innovations’ report analysed retail sales of 61,000 SKUs of 12,000 new products launched in Europe since 2011. One of the things Nielsen’s experts found was that from two...
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Retail volume sales kept growing in July
Date: 2014-10-10 21:43:26
Retail volume sales are estimated to have increased by 2.3 percent in July 2014 in comparison with July 2013. Food and food-type retail sales were up 1.6 percent, non-food sales...
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Industrial production prices continued growing
Date: 2014-10-10 21:41:32
In July 2014 domestic industrial sales prices rose 0.2 percent on average from the previous month. Prices in the processing industries augmented by 0.7 percent. There was no change in...
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Further drop in agricultural production prices
Date: 2014-10-10 21:39:25
In July 2014 production prices reduced by 5.1 percent in agriculture if compared with July 2013. The price of vegetable products was down 8.4 percent but the price of livestock...
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Autumn arrived in tobacco retail too
Date: 2014-10-10 21:36:03
The summer months weren’t bad at all in tobacco retail if we look at value sales. Although Trafik.hu partners’ sales data suggest a 2-3 percent drop in August, HUF 45-50...
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Opinion Leaders in focus – letting average consumers go
Date: 2014-10-10 21:33:26
According to Everett Rogers, the originator of the diffusion of innovations theory, adopters of any new innovation or idea can be categorised as innovators (2.5 percent), early adopters (13.5 percent),...
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Magyar Nemzeti Kereskedőház Zrt. enters the market of eating apples and apple concentrates
Date: 2014-10-10 11:38:10
The Magyar Nemzeti Kereskedőház Zrt. (Hungarian National Trading House)was established in 2013 with the goal to coordinate the domestic export activities – mainly in the small and medium enterprise sector,...
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Tokaj Kereskedőház Zrt. increases the tariff for the quality of the grape
Date: 2014-10-10 11:21:16
The Tokaj Kereskedőház Zrt. intends to encourage the producers to sort and deliver good quality grapes with a 50-60 HUF prices increase. The wet weather of the recent months at...
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Throw less food into the trash!
Date: 2014-10-10 11:10:55
A lot accumulated surplus food ends in the trasher all around the world, including Hungary. The millions of tons of high-quality food could reduce the number of hungry people. In...
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An EXIM representation was opened in Nagykanizsa
Date: 2014-10-10 11:05:13
EXIM’s West Transdanubian representation, supervised by the Ministry of Foreign Affairs and Foreign Trade was opened in Nagykanizsa. In accordance with the Hungarian government’s export promotion strategy, the goal is...
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Hungarian SMEs in talks about business opportunities in Kazakhstan
Date: 2014-10-09 22:05:15
About 60 Hungarian businesses participated in the Kazakh-Hungarian businessmen’s forum organised by Hungarian National Trading House Zrt. (MNKH). A 17-person delegation came from South Kazakhstan looking for business partners in...
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Corporate trust is on pre-crisis level again
Date: 2014-10-09 12:45:30
The confidence of the world’s corporate leaders is on pre-crisis again: 40 percent of the companies are planning acquisitions and the value of corporate acquisitions and sales (M&A) can reach...
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Hungarians do not like to pay with card abroad
Date: 2014-10-09 12:00:46
In the first half of this year, Hungarian visitors used their banking cards abroad only 5.57 million times in the, which is almost a fifth less than in 2013 –...
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The Future of Our Region program was launched in Kaposvár
Date: 2014-10-09 11:22:58
The Rural Development Programme 2014-2020 aims to implement a new rural development policy. The central elements of the programme is to stop the rural exodus, to create conditions that are...
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MNB: more than 400 billions of contracting in the second phase of the loan growth program
Date: 2014-10-09 11:20:56
The credit institutions that are participating in the second phase of the loan growth program concluded contracts with enterprises in an amount of 402.7 billion HUF. According to the datas,...
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Cofidis: Hungary performs better
Date: 2014-10-09 11:19:49
The customers are the most satisfied with the Cofidis services in Hungary – according to the company's international prospecting carried out on more than 11,000 respondents. The respondents said that...
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The price of milling wheat increased in September, but it was cheaper than the average price of corn
Date: 2014-10-08 11:55:17
The Magro Grain Index (MGX), decreased by 2 percent in September, compared to the previous month standing on 9978.4 points on the Magro.hu agricultural marketplace. Although the price of milling...
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