Events
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...
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Generational change is the key issue in the Hungarian agriculture
Like many European countries, Hungary is struggling with the question of succession in agriculture for many years. Addressing the youth is a pressing issue, which need to be addressed as...
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...
Read moreTax regulations on primary producers to change
From 1 January this year the rules on agricultural producers’ contribution payment have changed. The National Tax and Customs Office (NAV) draws attention that rules on income earned as advance,...
Read moreThe grapes of the northern shore of the Lake Balaton are at risk
According to local wine producers due to real estate speculators and due to the aging of the plantations the grapes of the northern shore of the Lake Balaton are in...
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Hundreds of kilos of unmarked ewe’s cheese was seized by the NÉBIH
More than 450 kilogram of unmarked, partly moldy dairy products were seized by the experts of the National Food Chain Safety Office (NÉBIH) in Kistarcsa. Hundreds of thousands of HUF...
Read moreU.S. consumers are optimism
he University of Michigan Final Consumer Sentiment for January came in at 98.5, up from the December Final reading. Investing.com had forecast 98.1. Surveys of Consumers chief economist, Richard Curtin,...
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More than eight thousand chickens died in a fire in Orosháza
8700 chickens died in a building fire in the outskirts of Orosháza – the press officer of the Békés County Emergency Management told MTI. Baráth Ilona said that the fire...
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Hungary regarded as reliable business partner also in Asia
Hungary has been Hong Kong’s number one trade partner in the CEE region, and the existing mutual confidence may be further improved by Hungary’s participation in the “One Belt, One...
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Magazine: Digitally connected consumers
Digital device use is expanding dynamically in Hungary, for instance back in 2013 only 49 percent of internet users owned a smartphone, but by 2016 this proportion reached 80 percent. The...
Read moreThe output of agriculture grew by 48 percent between 2010 and 2015
The output of Hungarian agriculture increased by 48 percent between 2010 and 2015, while its gross added value grew by 85 percent between 2010 and 2015 – Czerván György Minister...
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The FAO Food Price Index fell for the fifth consecutive year in 2016
The FAO Food Price Index* (FFPI) averaged almost 172 points in December 2016, unchanged from November with strong gains in the prices of vegetable oils and dairy largely offsetting a...
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Csepreghy Nándor: Hungary is at the forefront in the use of EU funds
Hungary is ranked as the first among the Visegrád countries in the utilization of the European Union funds, while in the European Union’s 28 member states Hungary is among the...
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Agro-industrial export opportunities in focus
The 35th Agromash EXPO is a special event in the Hungarian National Trading House’s (MNKH), domestic professional event calendar this year. The 35th Agromash EXPO includes 300 exhibitors from 20...
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