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Euro area inflation strengthened in January
According to the preliminary data of the European Union’s statistical office (Eurostat), euro zone’s inflation became 1.8 percent in January, after the 1.1 percent of December. The 8.1 percent annual...
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Modernised Lipica horse equestrian centre
As part of a modernisation project, from HUF 1.8 billion a new, roof-covered equestrian centre was built in Szilvásvárad. The buildings serving the centre are also refurbished – works will...
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Mohács abattoir nears completion
The test run of the new, HUF 20-billion Mohács abattoir – built by Market Építő Zrt. for MCS Vágóhíd – started in November. Production will commence in the first quarter...
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Quality Innovation 2016 competition winners announced
The president of Finland started the Quality Innovation programme in 2007 in cooperation with quality assurance organisation Excellence Finland. In the National Prize category Pick Szeged Zrt. was one of...
Read moreHoney falsification: EU needs to take actions against honey adulteration
If the beekeepers would sell their honey at current price it would mean bankruptcy for them – Nagyernyei Attila, president of the Tolna County Apiary Association told. The purchasers offer...
Read moreThe appropriate use of the digital economy would create more than 100 thousand new jobs in Europe
The start-up technology companies increasingly go to Asia or to America and Europe seems to lag behind the developments in the digital market. If a Franco-German Valley would be established...
Read moreSeklerland would also use the pálinka product name
Kovászna, Hargita and Maros counties in Székelyföld asks for the amendment of the pálinka law from the Hungarian government. They also want to use the pálinka product name. The Hargita...
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Firms and households saved huge amounts in December last year
The population and the companies both increased the amount of their deposits in the last month of last year – according to the recent data of MNB, published on the...
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A tender to prevent of hail damages
The Prime Minister’s Office published an application that supports investments for the prevention from hail damages – agrarszektor.hu wrote. The applications can be submitted between 14 March 2017 and 13...
Read moreGerman retail sales declined
Retail sales in Germany declined unexpectedly in December, provisional data from Destatis revealed Tuesday. Retail sales fell 0.9 percent in December from November, confounding expectations for an increase of 0.6...
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Economic sentiment improved in the euro area and declined in the EU
In January, the economic sentiment improved slightly in the euro area and deteriorated somewhat in the EU – according to the communication of the European Commission Directorate-General for Economic and...
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More than 8 billion HUF for farm development
The Prime Minister’s Office announced a grant for farm infrastructure development. A total of 8.2 billion HUF is allocated in the Rural Development Program for tghis purpose – agrarszektor.hu wrote....
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Hungarian consumer confidence at six-year record high
The confidence index of Hungarian consumers increased by 7 points from Q2 to Q3 2016 and reached 64 points – the highest level since 2010. In Europe the average of...
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Magazine: Trendy liver patés
With its annual volume sales around 9,600 tons, the liver paté category is a medium-sized one among meat products. According to Zoltán Szántó, senior product manager of Pick Szeged Zrt.,...
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Moody’s: Growing drink market
According to a report by Moody’s, in the next 1-1.5 years the global drink market will expand by 4-5 percent. They expect a decline in volume sales in certain markets...
Read moreGKI: economic growth may be around 3 percent this year
After last year’s 2 percent, Hungary’s GDP growth will be around 3 percent this year. In particular, due to the restart of the EU support a significant growth will occur...
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The growth of online retailing requires new logistics solutions
We faced the fact already last Christmas that online shopping has become part of everyday life, while e-commerce has become one of the fastest growing sectors. The portfolio.hu asked the...
Read moreFM: The government will continue to treat the position of the farmers as a priority
The government will continue to treat the position of the farmers as a priority. In addition to the EU supports, the Ministry of Agriculture (FM) maintains the system of transitional...
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The earnings of sellers has increased
The earnings of sellers, cashiers, pickers working in stores and department stores increased by 25 thousand forints in November 2016 compared to January exceeding 179 thousand forints, while the in-store...
Read moreThe commercial real estate investments in Hungary grew by 133 percent last year
The value of commercial real estate investments more than doubled last year in Hungary. The Colliers International real estate consulting firm expects a similar active year for this year and...
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KSH: 152 thousand more workers at the end of 2016 than a year before
In the fourth quarter of last year, the number of employees was 4 million 411 thousand, 3.6 percent (152 thousand) more than a year before. The employment rate of aged...
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The deadline for the submission of the fish farming tender was extended
The deadline for the submission of six applications of the Hungarian Fish Operational Programme (MAHOP) was modified. Instead of February, the applicants can submit their support claims until March –...
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Chamber of Agriculture: feeding wildlife in the winter is the interest of the farmers
The winter feeding of the wildlife is not only significant because it helps the animals to survive the hard frosts, but also also serves the interests of farmers. The winter...
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Online wins
A Deloitte survey conducted in 2016 forecasts that e-commerce will be the big winner of this year’s Christmas season. In the USA online sales are expected to grow by 17-19...
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Transparent contactless payment is popular in the vending market as well
The turnover is increasing and purchase becomes transparent at locations where contactless payment is accepted. According to András Méth, head of commerce development at Mastercard, the choice of products and...
Read moreHungarian gray cattle can be registered in Slovakia as well
Nagy István, Parliamentary Minister of State of the Ministry of Agriculture and Csicsai Gábor Minister of State of the Slovak Ministry of Agriculture negotiated over the possibility of the Slovakian...
Read moreThe KSH has published the foreign trade figures on cattle
According to the data of the Central Statistical Office (KSH), Hungary’s exports of cattle increased by 11 percent in January-October 2016, compared with January-October of 2015. The main partners were...
Read moreThe government encourages the consumption of honey
The government would like to increase the average annual honey consumption of 70 dekagrammes to 1 kilogramme per person within 2-3 years – Nagy István, Parliamentary Minister of State of...
Read moreTwenty cigarettes will be in the packs again
Soon cigarette packs containing twenty cigarettes will replace the current packs of 19 cigarettes – the magyaridok.hu wrote. According to the new EU regulations, the manufacturer cannot produce the old...
Read moreThe gardeners were quick
Because of the depletion of the commitment framework, the Prime Minister’s Office suspends the “Modernization of Gardening, Glass and Foil House Construction and Efficiency Increase by Using Geothermal Energy” application...
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