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USD to be dropped off from Russian-Chinese trade

The Russian and the Chinese central banks have developed a draft agreement on foreign exchange transactions in the accounts of the foreign trade turnover between the two countries, and to...

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The food prices can decline by 10-15 percent in the Czech Republic

10-15 percent reduction in average food prices is expected in the Czech Republic, if the food excesses of the EU countries reach the Czech market, ue to the Russian embargo...

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Dairy Product Council: the Russian embargo may bring temporary price reductions

The Russian ban on imports of the European Union may temporarily reduce the price of dairy products, because the merchants will ty to sell the products at at dumped prices...

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FM: the livestock breeding will be the winner of the 2014-2020 budgetary cycle

The small and medium-sized livestock farms will be one of the biggest winners of the European Union’s budgetary cycle for between 2014-2020 and will contribute to the emergence of the...

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Békés County would increase the number of pigs to one million

The second chapter of the swine strategy Békés County has been completed. – was announced by Farkas Zoltán, the Chairman of the Békés County Local Government. The Local Government of...

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Palóc Linzer to be manufactured in Érsekvadkert from September

Palóc Linzer will be manufactured from September in Érsekvadkert, Nógrád county. In the supported program, nine employees will be given work for 28 months – Percsina Norbert informed MTI on...

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EU has only negotiated over the compensation of the apple growers

The European has only negotiated over the compensation of the Polish apple growers’ losses due to the Russian embargo on exports. The other fruit and vegetable growers were mentioned only...

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They NÉBIH raided successfully

The authorities seized five and a half tons of fruits and vegetables during a control at the Budapest Wholesale Market. In the action the inspectors ordered the sales restrictions of...

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Cheese up!

For the 39th time, World Milk Day took place on 2 June with many programmes and professional forums in Kaposvár. Recently per capita milk consumption dropped 2-3 percent in Hungary,...

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Magazine: Price-value ratio matters more in salami and sausage buying

According to market data courtesy of Pick Szeged Zrt., last year sausage and salami performed differently: salami volume sales remained relatively stable and values sales grew, while sausage volume and...

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The Hungarian breweries produced 130 billion HUF worth beers last year

According to the Céginfo.hu database, operated by the Wolters Kluwer Kft. and Napi.hu, there are more than seventy companies in Hungary that carry out beer cooking as main profile. The...

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Bread prices may jump from September

Due to the more expensive flour and due to the weak forint bread prices are expected to grow by 25-30 percent. Septe József, president of the Hungarian Baker’s Association told...

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A cooperation agreement between the FHB Bank and the NAK

The main objective of the strategic agreement that was signed on 7 August 2014 in Budapest, to create a cooperation based on mutual benefits, which allows the agricultural and food...

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The import ban will have no significant impact on the Hungarian economy

According to macroeconomic analysts, interviewed by MTI, the Russian import ban will have no significant impact on the economic growth of Hungary. According to Németh Dávid, senior analyst of the...

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Foreign trade surplus in June has become higher-than-expected

The foreign trade surplus in June 2014 became higher-than-expected – macroeconomic analysts told MTI. According to the Thursday released datas of the Central Statistical Office (KSH), the value of exports...

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Two-digit growth in value sales

In December 2013-March 2014 cheese sales rose 10 percent and exceeded HUF 28 billion, but volume sales reduced by 3 percent from then level of twelve months earlier – reports...

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This year's grape harvest will be bigger than last year’s

This year's yields are expected to be higher than last year’s – Kiss Eliza, the Deputy Minister of State of the Ministry of Agriculture (FM) told MTI on Tuesday. Kiss...

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The Russian meat ban to be removed soon

The Russian authorities can soon remove the ban against Hungarian companies that are exporting some kind of poultry meat and preserved meat products. The ban has been already removed against...

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The AMC has launched a champagne consumption promotional campaign

The Agricultural Marketing Centre (AMC) of the Hungarian National Tourist Office has launched a campagn to promote Hungarian wine, sparkling wine and champagne. in order to leverage an annual consumption....

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Magro.hu: the purchase price of cereals reduced significantly

In July, as a result of the marketing of the new wheat, the average price of cereals reduced significantly in Hungary – according to the Magro.hu. online agricultural marketplace. The...

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The growth of retail sales has accelerated in the Czech Republic

In June, retail sales growth accelerated to 6.4 percent in the Czech Republic on an annual basis, while the growth was 1.1 percent in May – the Czech Statistical Office...

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Sausage volume sales up, too

In January-April 2014 processed meat retail sales exceeded HUF 77 billion, growing by 6 percent from months 1-4 in 2013. Salami and sausage were responsible for 11 percent of sales,...

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KSH: retail sales in June increased by 3.8 percent

The volume of retail sales increased by 3.8 percent in June, compared with a year earlier, according both the raw data and the working day adjusted datas – the Central...

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SME investment mood calmed down

The investment mood of the domestic enterprises slightly calmed. currently 56 percent of the SMEs are planning developments. By considering the purpose of the projects, the IT developments are still...

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Retail sales increased in the Eurozone in June

The retail sales in the Eurozone increased more than expected in June on an annual basis – the European Union's statistical office the Eurostat announced on Tuesday. Compared to the...

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MOSZ: the planned support reduction in agriculture is causing tensions

The planned support reduction in agriculture is causing serious tensions – the president of the National Association of Agricultural Cooperatives and Manufacturers (MOSZ) told at a press conference on Tuesday...

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The fifth of the vendors at the Lake Balaton do not comply with the rules

The inspectors of the National Tax and Customs Administration (NAV) held raids at the Lake Balaton. The tax authority’s staff has verified that how the lakeside merchants, restaurateurs, service providers...

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Magazine: New concept for SIAL

SIAL, the world’s biggest food innovation trade exhibition, is held every second year. This year the event will celebrates its 50th anniversary in October with nearly 6,000 exhibitors and more...

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New Hungarian trading houses open in Asia

The Hungarian National Trading House Zrt. (MNKH) opened a new trading house in Laos on 17 June and another in Vietnam on 19 June. There are already 11 trading houses...

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Cosmetics and household chemical sales increased in volume

Favorable trends occurred this year in the domestic food retailing and in the sales of household chemicals and cosmetics. During the first half of the year, the turnover of this...

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