Market News

MNB: more than 400 billions of contracting in the second phase of the loan growth program

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

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

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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Egg Industry participants and researchers are working together to increase the safety of eggs

Ten companies in seven European countries cooperating in the scope of a three-year EU-supported project called OVOSHINE. The goal is to develop innovative technologies in the egg sector. As the...

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Apple Product Board: no steps were made nothing to alleviate the apple crisis

According to the North-East Hungarian Apples and Other Fruit Interprofessional Organization and Marketing Board (ÉKASZ), despite the numerous proposals and visions no meaningful concrete actions were made to alleviate the...

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The cherry cluster of Újfehértó is fifty years old

The cherry cluster was bred out the first time fifty years ago, which recaeived the protection of geographical indications of the European Union in February this year – was said...

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Flour industry: between two millstones

It was with the privatisation wave of 1992 that the Hungarian milling industry’s concentration process started and it has been going on ever since. The process later speeded up though,...

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Seventy healthy commitments of twenty food manufacturers

As the result of six months of preparatory work, twenty domestic organizations and food manufacturers joined to the healthy eating campaign of the National Food Processors Association (ÉFOSZ) by taking...

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The Hungarian agriculture is strong – according to the Agricultural Research Institute

The Hungarian agriculture is “in good shape” which is also indicated by the fact that the industry players Have about 500 billion HUF bank deposits and the state of the...

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The Hungarian eggs to be crowned

The Egg Producers Association began to implement its old plan. In order to protect the Hungarian egg producers they intended to promote the importance of guaranteed quality controlled, six years...

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Tanyasi csirke: unhurried growth, free-breeding, natural feed

The Tanyasi csirke (Farm Chicken) is the organic chicken of the Kisvárda-based Master Good for more than a decade. The Tanyasi csirke (Farm Chicken) is the highest quality chicken that...

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Pogácsás: social cooperatives are doing a value creating work

Those local government organized social cooperatives are making value creating work of the, which are expected to be an independent operators in the coming years and their products can appear...

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Macy’s takes college students shopping by bus

As part of Macy’s back to school campaign the US retailer is shuttling college student to its stores. The college crowd is estimated to be spending USD 913 million on...

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The Nébih examines tropical fruits

The National Food Chain Safety Office (Nébih) examines the quality of tropical fruits, mainly citruses (tangerine, orange, grapefruit), avocados and exotic fruits (mango, pineapple) – the authority told MTI on...

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Stalling world economy

The recovery in the world’s leading economies is stalling and too reliant on the US, according to the Tracking Indices for the Global Economic Recovery, the Brookings Institution-Financial Times index...

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Plant diseases hit the brassicas this year

The domestic brassica growers have to face face new challenges this year. The extremely wet weather resulted plant diseases in the orchards, on the other hand due to the Russian...

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The EU authorities seized counterfeit and contraband products

The authorities of the EU Member States seized more than 1 million fake products and 130 million cigarettes under the operation called Replica, with the coordination of the EU’s anti-fraud...

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Czech retail sales growth slowed in August

The growth of the Czech retail sales slowed in August: in July the growth was an annual 6.2 percent, while only 2.7 percent in August – the Czech Statistical Office...

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Agricultural production prices reduced further

In June 2014 agricultural production prices decreased by 9.8 percent from the level of June 2013. The price of vegetable products was down 15.8 percent but the price of livestock/products...

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Different markets, different habits

Many food industry companies are participating in trade fairs or exporting their products to foreign countries. For them it is vital to get to know foreign markets and Nielsen can...

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Matchmaking at the highest level (Part 2) Children trap

Managers often struggle with finding their partner in life: they are busy and don’t have time for themselves. Irina Beke is the owner of dating agency First Class and she...

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Bonafarm spent 61 billion on development in ten years

The government and Bonafarm group signed a strategic cooperation agreement. In the last ten years Bonafarm Zrt. spent HUF 61 billion on investment and in the next seven year they...

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Increase in retail sales in the EU and in the euro area as well

In August, on a monthly basis retail sales rose by 1.4 percent in the European Union (EU) and by 1.2 percent in the euro zone – Eurostat’s Friday statement reveals....

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Eight EU countries have exceeded the milk quota

Eight EU countries have increased their milk production too much in 2013-2014 to prepare for next year's quota abolition. Due to exceeding the milk quota, they have to pay 400...

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OECD: the life quality of people generally improved

In most part of the world the quality of life of people has generally improved since the early 20th century, the countries tend to be more closer to each other...

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The high rainfall complicates the harvest in Vas county

The large amount of rain in Vas county complicates the harvest of sunflower and it will likely to hinder the harvest of maize as well – the National Association of...

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Nielsen: fresh fruit, chocolate and cheese are the favorite foods of the Hungarians

In the scope of a questionnaire, thirty-four percent of the Hungarians would choose mainly fresh fruit for snacks between two main meals from forty-seven different food products. Fruits are followed...

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KSH: a revival of foreign trade in July

Exports in euros increased by 9.2 percent, while imports increased by 9.0 percent in July, compared to a year ago, after the previous month's 6.0 percent and 5.2 percent increase...

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Deloitte-Scale BankIndex: increasing lending mood

Although the population typically continues to reject lendings, but that the rate of rejection is reducing consistently in fact, more and more people have positive attitude towards lending. The ratio...

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The Nébih seized unmarked vegetables

The National Food Chain Safety Office (Nébih) seized about 86 tons of potatoes and onions in a vegetable packing plant in Pest County – the agency told MTI on Thursday....

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