Events
Reverse economic sentiment in the EU and in the euro zone
Economic sentiment improved slightly in the euro zone in July and decreased in the European Union – according to the Thursday published survey of the European Commission's Directorate-General for Economic...
Read moreWheat harvest has been completed
Wheat harvest almost completed in the country. Due to bad weather, the farmers are still working on 1-2 percent of the area – the President of the National Association of...
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Another important step against illegal seed market
The Seed Association Interprofessional Organization and Marketing Board considered it important that the Ministry of Agriculture requires a serial number indicating official registration when marketing vegetable seeds. Another serious step...
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One hundred percent subsidized loans to farmers who were affected by spring frost damage
Those farmers whose lands were hit by frost in April this year may claim for an up to 500 thousand HUF interest rate and cost-free credit per hectare – the...
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Nébih: half a ton of meat was seized in a meat shop in Hold Street Market
Half a ton of unmarked illicit frozen meat was seized by the National Food Chain Safety Office’s (NÉBIH) staff in a meat shop in the capital's Hold Street Market. The...
Read moreThe orders of durable goods in the USA decreased in June
The orders for durable goods, such as cars, airplanes and computers, dropped 4 percent to 219.8 billion USD after slipping 2.8 percent in May, the Commerce Department said Wednesday. Commercial...
Read moreTesco sells Kipa
Tesco has decided to sell Turkey’s market leader retail chain Kipa, in which the British retailer has a 95.5-percent share. Tesco is expected to get GBP 30 million for their...
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International Taste & Quality Institute
The International Taste & Quality Institute (iTQi) gave three gold stars to Veritas Gold’s natural mineral water and rewarded BUSZESZ Zrt.’s Chef apple cider vinegar with two gold stars at...
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The reduction of poultry VAT may bring expanding consumption
Poultry meat consumption may increase by up to five percent, in the beginning of next year, due to the reduced VAT – Poultry Product Council’s Director believes. Csorbai Attila believes...
Read moreImproved business and consumer confidence
The business activity index of GKI improved in July. According to the survey, both business and consumer expectations have improved, but are still slightly below the high level at the...
Read moreThe NAV found forty million HUF worth contraband cigarettes in Szabolcs County
The staff National Tax and Customs Office (NAV) found forty million HUF worth contraband cigarettes in a property in Szabolcs-Szatmár Bereg County. Suller György Attila the press officer of the...
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CNG filling station network can be built in Hungary
In the next two years, 39 new CNG (compressed natural gas) filling stations can be built in Hungary. The Hungarian Gas Transport Cluster Association (MGKKE) told that 39 new CNG...
Read moreConsumer confidence decreased in the USA
Conference Board economic research institute’s consumer confidence index fell slightly in July, but became better than expected. In July, the consumer confidence index fell to 97.3 points, from June’s 97.4...
Read moreGerman economy continues to perform well
Markit Economics Institute’s German Purchasing Managers' Index (PMI) for July became better than expected. It has risen up to this year’s highest value in July. The preliminary value of the...
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Zwack satisfied with results
Despite the introduction of the public health product tax (NETA) in the spirits market last year, 225-year-old Zwack Unicum Nyrt. had a successful year – stated a press release by...
Read moreKSH: retail trade grew 6.8 percent in May
In May, the volume of retail turnover – according to the raw data – increased by 6.8 percent. According to the calendar effects adjusted data the increase was 5.7 percent,...
Read moreLast year, consumers spent one in four HUF on own branded products
According to the latest data of GfK’s annual Brand Analysis, last year the market share of own branded products of the commercial chains increased slightly after five years of stagnation....
Read moreNGM: retail sales increase since nearly three years
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages,...
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Less melons may be imported this year
After the previous years, this year's market was more favorable to producers, but the fruit will be more expensive than last year – Népszabadság Online wrote. Oravecz Tamás, president of...
Read moreThe farmers need to prepare to convert the support system
One of the biggest challenges in the coming years is to help farmers to prepare for the significant transition of the support scheme after 2020. One of the most important...
Read moreGE: the majority of Hungarian companies can not adapt to the speed of technological progress
According to 80 percent of the interviewed executives in Hungary in charge of innovation – (81 percent worldwide) industrial digital technologies in the next 10 years will radically transform the...
Read moreThe ekáer filters more efficiently from 1 August
The electronic road freight traffic control system (ekáer) will filter more efficiently from 1 August. After the National Assembly had refined the rules of the system, on the basis of...
Read moreFAO: cattle disease spreads fast
The lumpy skin disease among cattle is spreading very fast. The disease in recent weeks has reached Serbia, Albania and Montenegro, and can even appear in Hungary – the UN...
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Consumer prices down 0.2 percent in May
In May like-for-like consumer prices dropped 0.2 percent according to the Central Statistical Office (KSH). In comparison with May 2015, food prices didn’t change. Sugar prices soared by 19.7 percent...
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Non-FMCG category, SILVER MEDAL: HD Group, Budapest Airport Budapest Airport – Close to your heart – promotional competition
Budapest Airport and HD Group implemented this Valentine’s Day activity on 9-15 February 2015. The campaign’s objective was to improve Budapest Airport’s passenger-friendly image, to increase sales of shops in...
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FM: 300 million HUF additional national support to the fruit and vegetable producer organizations
The fruit and vegetable producer organizations can claim for additional national support on a value of three hundred million HUF in Central Hungary, the Great Plains, the Northern region and...
Read moreNGM: an increase in retail sales confirms the spending of income
The increasing retail sales justify increasing household spendings – Simon Attila, Deputy Minister of State of the Ministry of National Economy (NGM) responsible for labor market told M1 news channel...
Read moreFood is the most expensive in Slovakia among the Visegrád countries
Among the Visegrad Group (Hungary, Slovakia, the Czech Republic and Poland) the highest food prices can be found in Slovakia, although they still remain under the European Union (EU) average,...
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KAVOSZ: the frost-affected farmers can also receive full support
After the farmers who suffered ice damage, those agricultural enterprises suffered frost-damages can also benefit from the full support under the Agricultural Széchenyi Card (ASZK) scheme – the KAVOSZ Zrt....
Read moreMore winter wheat grown this year in Zala county
More winter wheat was grown this year in Zala county: Winter wheat was grown on 12 thousand hectares. The average yield was 5.9 tons, compared to last year’s 5.2 tons...
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