News and articles

Raiffeisen: the outlook for the Hungarian economy is very favorable

The outlook for the Hungarian economy is extremely favorable: the expansion of the GDP may be over three percent this year and for the next year – Török Zoltán, chief...

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Chicken breasts are popular

The buyers take advantage of the benefits of VAT reduction in January. Since the beginning of the year, the processors transport 30-40 percent more chicken breast and 20 percent more...

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Bird Flu: A multi-stage compensation may come

The Poultry Product Council (BTT) estimates the damage arising from the outbreak of bird flu to 9-10 billion HUF – the organization told Világgazdaság. The direct losses of farmers resulting...

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VAT reduction did not impove the sales of fresh milk

Despite the fresh milk VAT reduction to 5 percent in January, the buyers are still looking for long lasting products in the stores – the Magyar Idők wrote. According to...

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The cold weather turns the buying habits upside down

The unusual cold weather turns the buying habits upside down and will likely to pull back the shopkeepers’ revenue – piacesprofit.hu wrote According to the current observations no decrease will...

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The BAT invests another three billion HUF into its tobacco plant in Pécs

One of the world’s largest tobacco company, the London-based British American Tobacco group creates 200 new jobs and significantly expands its capacities in Pécs with a three billion HUF investment....

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Eighteen exhibitors at the Chocolate Carnival in Pécs

The Fifth Chocolate Carnival in Pécs will include eighteen exhibitors, professional and children’s programs on 4 and 5 February in the Zsolnay Cultural Quarter – was said at the event’s...

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Euro zone’s inflation is on a nearly three-year peak

Because of the increase in energy prices, the highest inflation of nearly three years occured last December in the euro zone – according to Eurostat’s statement, published on Wednesday. According...

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The innovative SMEs can receive 160 million euros fundings in eight EU countries

The European Investment Fund (EIF) and the UniCredit bank signed a guarantee agreement through which innovative small and medium-sized enterprises (SMEs) and mid market capitalized companies can apply for 160...

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The first all-vegan food store network went bankrupt

The first all-vegan food store network – offering food without any animal origin – went bankrupt in Germany. The chain Veganz, which shuns animal products, will close at least four...

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The Czech Republic has tightened the conditions of the sales of cask wine

The conditions of the sales of cask wine was tightened in the Czech Republic to suppress “wine counterfeit ” and the black market. The Czech parliament adopted the amendments of...

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Zalakaros expects the thirty millionth bath guest

Zalakaros is waiting for its thirty millionth bath guest this year. The settlement was declared as a town 20 years ago. Last year more than half a million people bought...

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Food producers meet in Lébény

NAK’s Győr-Moson-Sopron County directorate organised its traditional end-of-year food industry forum in Lébény. The main topic was the marking of food products, as from December new nutritional value marking rules...

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Chamber popularises agri-food vocations in Szombathely

On 9 and10 November 2016 the Vas County Government Office organised its school and job expo for the 19th time in Szombathely. With the goal of popularising agri-food related studies...

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Magazine: Semi-professional preparation, fully delicious meal

Annual sales of packs of selected cooking ingredients to prepare a restaurant-quality meal at home have reached USD 1.5 billion in the USA. Experts say that this sum may multiply...

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Fazekas: the Hungarian agriculture is strengthening

The Hungarian agriculture is strengthening. This process is shown by the growing performance of the industry, expanding contribution to the increase in GDP growth and employment as well. Also Hungary...

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Agriculture is the least indebted sector

According to the National Bank of Hungary, the data of the past five years suggests that the national economy’s overall failure rate for the second quarter of 2016 can be...

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The CPI buys shopping malls, department stores in the region

The CPI Property Group anticipates the acquisition of a retail portfolio located in Hungary, the Czech Republic, Poland and Romania from funds managed by CBRE Global Investors. The CPI Property...

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eNet: almost one million people received their online Christmas orders belatedly

More than 900 000 Hungarian Internet users could receive their online Christmas orders belatedly. The customers received the packages with an average 5 days later, moreover 12 percent of the...

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Hungary will debut at the world’s largest wine fair

Twenty wine producers from ten Hungarian wine regions will have the opportunity to debut at the Hungarian community booth organized by the Hungarian Tourism Agency (MTU) at the ProWein wine...

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The EC expects a growth in the number of pigs in Europe

The European Commission expects a slow but steady increase in the European Union’s pig meat production from 2018 until 2026. According to the projection, the output will be around 23.9...

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The Hungarian SMEs can apply for 2362 million euros this year

The Hungarian small and medium-sized enterprises (SMEs) this year will be eligible to apply for 2362 million euros, while in Croatia, Romania and Bulgaria the amount is much less –...

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This can be the year of colza

European farmers have already turned their attention to the growing demand for colza. The Agricultural Economics Research Institute in its analysis pointed out that the growing area of colza increased...

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British American Tobacco buys its competitor

The British American Tobacco (BAT) has agreed a 49.4 billion USD takeover of U.S. rival Reynolds American Inc, creating the world’s biggest listed tobacco company after it nudged up an...

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The Prime Minister’s Office suspends the application for the development of sheep and goat farms

The Prime Minister’s Office suspends the application for the development of sheep and goat farms, from 20 January due to the depletion of the availability of resources. For the almost...

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Hungary’s leasing market expands above the European average

Although the economic performances of several European countries are rather poor, the leasing market expanded by 10 percent on average by the end of the third quarter, while in Hungary...

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MTÜ: several hundred billion HUF for tourism development

The government this year allocated 10 billion HUF for the development of hotels and will spend hundreds of billions of forints, partly from European Union, partly from budgetary sources to...

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New small-scale farmer IDs from January

From January only the new type small-scale farmer IDs are going to be valid. The Hungarian Chamber of Agriculture (NAK) informed that already 190,000 small-scale farmers had received their new,...

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Agricultural producer prices decreased by 5.2 percent

Agricultural producer prices fell 5.2 percent in October, compared to the same period of the previous year. The decrease consists of the 9.7 percent price decrease of the crops and...

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