News and articles
VAT reduction would be favorable for the bakery industry
It would be beneficial for the bakery industry if the Value Added Tax (VAT) on bakery products would be reduced, according to the proposal of the National Chamber of Agriculture...
Read moreAnalysts: the rate of price increase is decreasing, but core inflation is increasing
The 2.2 percent inflation rate in April is much lower than the 2.7 percent measured in March and slightly lower than the market expectations – analysts told MTI. According to...
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Hungarian products to conquer Novi Sad
On 13 May, Fazekas Sándor Minister of Agriculture opened the Hungarian pavilion at the 84th Novi Sad International Agricultural Fair. At the 7-day event, the Agrármarketing Centrum (Agricultural Marketing Center)...
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(HU) Négynapos sörünnepet rendeznek a Szabadság téren
Between 15 and 18 June, two hundred kinds of beer specialties will be offered in the city center. The Belvárosi Sörfesztivál (Downtown Beer Festival) will be held from 15 to...
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The Exim Bank and Insurer launches a new program to support the export-oriented SMEs
By 2021, the Exim Bank and Insurer with its financial products would like to reach more than 50 percent of the micro, small and medium-sized enterprises. In order to reach...
Read moreMátra wine region was swept away by the hailstorm
The damages caused by the hail on Saturday surpassed the preliminary estimates in the Mátra wine region. About three hundred million HUF damage is expected – the president of the...
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Less fish died in Lake Balaton during the spring
In spite of the long winter and the long-lasting ice, the fishermen of the Lake Balaton Fish Management Nonprofit Ltd. have collected far fewer fish bodies than usual this year...
Read moreThe Rákóczi cellar of the Castle of Munkács was opened with the presentation of Hungarian wines
With the presentation of the wines of five Hungarian wine region, the Rákóczi Ferenc II wine cellar of the Castle of Munkács was opened on Friday in Munkács. Potápi Árpád...
Read moreChina is building a new silk road
China is building a new silk road in a value of nearly 500 billion USD containing mainly infrastructural developments. The new silk road would reach 65 countries, nearly two-thirds of...
Read moreUS retail trade grew less than expected
The growth in US retail sales in April was slower than the expectations of the analysts. The US Department of Commerce reported that the seasonally adjusted retail sales grew by...
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China approved the ChemChina-Syngenta merger
China approved the upcoming ChemChina-Syngenta merger, and shortly thereafter India has given its blessing as well, so new obstacles were removed before the Chinese-Swiss chemical megafusion -agrarszektor.hu wrote. ChemChina’s takeover...
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The Brits throw 1.4 million edible bananas into the trash every day
1.4 million pieces of edible bananas are dumped per day by the British, while the amount of wasted garlic each year reaches 80 million pounds (25 billion HUF), according to...
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Danubius spent about 6.5 billion HUF on modernizing its hotels
The Danubius spent a total of around 6.5 billion HUF on Hilton Budapest, the Danubius Hotel Helia and the Radisson Blu Béke Hotel. Within the reconstruction, the hotel rooms and...
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What an experimental chef gets 3 Michelin-stars for – Video of the day
How does an experimental Chicago chef serving edible balloons and flavored air earn 3 stars from Michelin, the old-school gastronomic guide? According to Alinea’s: by being a perfectionist. Watch to...
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Magazine: Drinking beer up in the sky
In cooperation with Cathay Pacific Airways, Hong Kong Brewing Company is creating a special beer called Betsy. It shows its best characteristics when consumed at a high altitude, where our...
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The poultry sector gives more than 10 percent of the agricultural output
Last year, the poultry sector gave about 13 percent of the total agricultural output – the Minister of State of the Ministry of Agriculture (FM) said on Friday at a...
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Product Board: a 20 percent crop loss in vegetables is expected
A 20 percent crop loss can be expected for vegetables due to the damages caused by the weather – according to the FruitVeB Hungarian Vegetable Fruit Interprofessional Organization and Product...
Read moreThe European Commission is expecting 3.6 percent growth for this year in Hungary
The European Commission improved its prognosis for the growth in the Hungarian gross domestic product (GDP). The European Commission expects a 3.6 percent increase in gross domestic product (GDP) for...
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Szentkirályi: 2.6 million euros syrup mixing plant was inaugurated in Kékkút
The Szentkirályi-Kékkúti Mineral Water company inaugurated its syrup-blending plant on Friday in Kékkút. In the plant built from 2.6 million euros new product, fruit flavored mineral water will be produced....
Read moreThe bees suffered a great loss, less honey is expected
One-third of bees died in Jász-Nagykun-Szolnok County during the winter. Because of the less productive bees, it is likely that there will be less rape and acacia honey this year...
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A prominent number of exhibitors represent Hungary at the International Agricultural Fair in Novi Sad
In connection with the Hungarian government’s economic development program in Voivodina, a prominent number of exhibitors represent Hungary at the International Agricultural Fair in Novi Sad. Fazekas Sándor Minister of...
Read moreAgriculture Academy: there is a need for increasing competitiveness and the spread in agri-environment management
The Director-General of the National Center for Agricultural Research and Innovation (NAK) called for precision farming in order to increase the competitiveness in agriculture. V. Németh Zsolt, Minister of State...
Read moreConsumer sentiment in the United States is on its four months peak
Consumer sentiment improved in the US in May, reaching a peak of four months – according to the preliminary results of the University of Michigan’s Monthly Survey. The consumer mood...
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Commerce Expo 2017: women drive the sales growth in e-commerce
On 30 March the eCommerce Expo was organised in Budapest. There were 50 speakers and several thousand participants at the event. No wonder that interest was great: according to data...
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Developing European drink market
According to a survey by Moody, the alcoholic and soft drink market will continue to develop in Europe in the next 12 months. The survey used the forecasts of major...
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Economic relations between Germany and Hungary run smoothly
Germany is one of Hungary’s most important economic partners when it comes to food trade. With its 80 million consumers, the German food market is the biggest in Europe. The...
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Magazine: Hopped cold brew coffee
Baristas, brewing and coffee making masters are experimenting with various hop and coffee types, using the opportunity that cold brew coffee has less acid. Some say the result reminds them...
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Nielsen: We spent 303 billion HUF on premium products last year
Consumers’ purchasing preferences were significantly rearranged in 2016. With regard to price segments, the demand for premium products is growing in the top 10 categories of food and chemical products,...
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