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The Russian embargo caused nearly 300 billion HUF export losses
The Hungarian exports to Russia have reduced drastically since the relations became bad between the EU and Moscow. The sanctions and the Russian food import restrictions have caused many billions...
Read moreNGM: EU proposals to develop the community Internet access points
An application was announced within the Economic Development and Innovation Operational (GINOP) program in a value of five billion HUF for the development of community Internet access points. According to...
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Luxury brands may move into the MOM
Three new tenants, Max&Co., the Coccinelle and the NUBU will move into the MOM Park Shopping Centre. The transaction was coordinated by Cushman & Wakefield – the real estate company...
Read moreBeer consumption fell 10 percent in Brazil
Beer consumption dropped drastically in the economic crisis affected Brazil – the origo wrote. Unemployment is the reason why most people would look to the bottom of the cup in...
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Modern technology against ghost fishing
Modern technology could solve or mitigate the consequences of the so-called ghost fishing. Because of the phenomenon hundreds of thousands of tonnes of plastic waste can be found in seas....
Read moreChina's foreign trade decreased
China's exports and imports declined in April higher than expected – according to official figures published on Sunday. The customs office reported that exports fell 1.8 percent to 172.7 billion...
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Unilever’s almost 5-percent growth
Unilever’s 1st-quarter sales rose 4.7 percent, a bit less than expected, due to the decline in volume sales and the deflation in the economy. CFO Graeme Pitkethly told that instead...
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Produce prices keep growing
In February 2016 agricultural production prices increased by 2.8 percent from the level of February 2015. The price of vegetable products increased 7.3 percent, but the price of livestock/products of...
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Software for keeping the farming diary
NAK helps famers with free software in keeping their farming diary. The software is also able to collect and send the data farmers are obliged to provide to NAK and...
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Harvest and price forecasting in the sour cherry market
In order to make the market more transparent, the Interprofessional Organisation for Fruit and Vegetable (FruitVeB) and NAK will create a harvest and price forecasting system for the industrial sour...
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Italy at Sirha Budapest
In exhaustive and innovative offering designed to answer all retail, bakeries and pastries, hotel and restaurants needs More than 300 exhibitors from Hungary and abroad, including products which visitors will...
Read moreTobacco investors: the new excise tax proposal may lead to the collapse of the market
According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), if the National Assembly would accept the new excise tax proposal, it would lead to the collapse of the entire...
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The vegetables were less affected by the April frost damages
The summarization of the damages is not yet complete in the orchards however, field vegetables were less damaged by the late frost in April – the President of the Hungarian...
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Analysts expected an increase in trade surplus
Analysts interviewed by MTI expect a trade surplus during the coming months. Despite the decline in March, the annual surplus may reach or exceed 8 billion euros. According to the...
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Nébih: the HIV-infected orange is a hoax
The hoax of the HIV contaminated orange has appeared again on the Internet. The National Food Chain Safety Office (NÉBIH) draws the consumers’ attention that the information is not based...
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HENT: self-regulation against dangerous dietary supplements
The self-regulation system aims to filter risky dietary supplements and special feeds. This is necessary because the latest figures show that Hungarian consumers buy more than third of the dietary...
Read moreNébih: food chain supervision fee statements should be sent by the end of May
The food chain players should submit the food chain supervision fee statements by the end of May -the National Food Chain Safety Office (Nébih) told MTI on Friday. According to...
Read moreAn increase in Czech retail sales
Retail sales in the Czech Republic grew by 5.1 percent in March, after the 8.5 percent increase of February – the Czech Statistical Office (CSU) announced in Prague on Friday....
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Interest rate: good bye!
Investors all over the world were paying close attention to the decisions made by central banks, therefore in global markets the risk-avoiding mood of February was replaced with optimism in...
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Greening subsides: 24,000-25,000 forints per hectare
Farmers who comply with the European Union’s greening regulations are entitled to receive HUF 24,000-24,000 funding per hectare from the European Union – informed NAK president Balázs Győrffy at a...
Read more(HU) Zöld korszak jön a boltokban: kiszoríthatják a papírnyugtákat az elektronikus blokkok
Sorry, this entry is only available in HU....
Read moreRetail sales momentum may remain
Experts told MTI that retail sales may grow vigorously further. The Central Statistical Office (KSH) announced on Wednesday that retail sales rose by 4.2 percent in March, according to the...
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The VAT cut on poultry meat to be built on the experience of the pork industry
The government expectations have been fulfilled in terms of VAT cut on pork; the impact of the lower tax rate occured in consumer prices that is why the government decided...
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NFM: the number of abuses in connection with product presentations has decreased
The Ministry of National Development (NFM) on Thursday informed that fewer consumer complaints received by the authorities as the result of the legislation adopted last December – according to the...
Read moreThe NÉBIH is satisfied with the wines of the Balaton Uplands
Accoring to the experiences of the National Food Chain Safety Office’s (NÉBIH) inspections, the Balaton Uplands wines, in terms of food safety and quality are appropriate. In the action, 32...
Read moreSpring frost caused damages to the cornfields
Corns also suffered frost damages in recent days in many regions. As Takács Géza, Chairman of the Seed Association Interprofessional Organization and Marketing Board said, the majority of the plants...
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The MNB stimulate the lendings to SMEs with capital discount
The MNB introduces a new lending tool under which releases a portion or all of the capital after such loans for the financial institutions that are actively lending to small...
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Economic growth continues in the euro zone
Due to strong retail demand and business investments the economic recovery continues in the euro zone – according to the monthly economic report released on Thursday on the website of...
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