Market News

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...

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The 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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The bird flu outbreak affected 230 farms in the country

In recent months due to the bird flu, the killing of 3 million animals was ordered by the authorities in 230 farms, which means that 3 billion HUF worth stocks...

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Strategy to increase the prestige of the wine of Somogy county

The strategy that intends to increase the prestige of the wine of Somogy county – especially in the Balatonboglár wine region – will be completed for the summer. The wine...

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Union: nearly two-third of the Hungarians do not save for retirement

60 percent of Hungarians do not save for old age. 67 percent of the 36-40 year old population has no savings for retirement – according to Union Insurance Group’s latest...

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FM: we do not let GMO in

GMO cultivation is not the solution to climate change and other challenges. The impacts of GMOs are unpredictable – Fazekas Sándor told. The Minister of Agriculture about his experiences at...

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A tender was announced for agricultural training

An application was started for agricultural training in a value of 6.2 billion HUF – the Prime Minister’s Office announced on Wednesday. According to the notice, the application aims to...

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Used cars are more and more popular

The merger of Banif and Cofidis was completed on 1 January 2017. The French company has became one of the broadest offering bank in 2017 in the area of consumer...

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FM: there will be changes in the greening and production-linked subsidies

Changes will occur in the greening and production-linked subsidies this year when submitting the single application – Szentirmay Zoltán of the Ministry of Agriculture (FM) announced at a professional conference...

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NAK Services Centre wants to give more

NAK wishes to expand the range of services offered by the Services Centre in Hajdúböszörmény. The chamber would like seed, fertiliser and pesticide companies, plus banks with loan products targeting...

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A four and a half percent rise in retail sales

The retail trade turnover in November 2016 was 4.5 percent higher, compared to the same period of the previous year, both according to the calendar adjusted and raw data –...

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NGM: retail trade may increase further through the wage agreement

Through the wage agreement adopted by the Government and the social partners last November, the minimum wage and the guaranteed minimum wage for skilled workers will significantly increase. According to...

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KSH: last year’s harvest was record-breaking for corn and wheat

The average yield of corn broke a record last year, exceeded 8.6 tonnes per hectare, the total harvest was 8.8 million tons. According to the data of the Central Statistical...

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The popularity of malls has decreased

Over the past decade, the turnover generated by the secondary school students in the malls decreased by 30 percent, so an increasing number of shopping centers forced to close –...

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The EU would like to stabilize the higher milk prices

The past few months brought milk price increase globally. In Hungary, the national average producer price of raw milk was 88.65 HUF per kilo in December 2016. The average price...

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(HU) Fazekas: 2010 óta folyamatosan nő a magyar mezőgazdaság kibocsátása

Sorry, this entry is only available in HU....

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Brand new apple varieties are tested

The National Food Chain Safety Office (NÉBIH) introduced fifteen new resistant apple varieties from domestic plantations. If the type tests will be completed with positive results, the new varieties will...

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Europe is becoming more severely threatened by climate change

Europe’s regions are facing rising sea levels and more extreme weather, such as more frequent and more intense heatwaves, flooding, droughts and storms due to climate change, according to a...

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Vitamins: natural or synthetic?

By the end of January, the body’s vitamin storages are quite empty, even if we pay attention to healthy nutrition all winter and to the right amount of fruit and...

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The ekáer helped the NAV

With the help of the electronic road freight traffic control system (ekáer) the finance guards of the National Tax and Customs Office (NAV) prevented the distribution of 22 tons of...

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FAO provides agricultural assistance packages to disaster-struck farmers

The FAO assistance packages to flood-affected farming families comprised a provision of crop seeds, fruit tree saplings, canes, fertilizer, livestock and animal feed, farming equipment and beehives, as well as...

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Magazine: A more colourful cream palette

Cooking cream, whipping cream and coffee cream – these three segments make up the cream category. We learned from Krisztina Molnár, junior trade marketing manager of Lactalis Hungária Kft. that...

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Grain Association: flour price increase is inevitable

The profession considers the minimum 5 percent increase in the price of flour as inevitable – the Hungarian Grain Association told MTI on Tuesday. The professional organization sees the reason...

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In the first half of the year, FM finalizes the Urban Agricultural Policy

The Ministry of Agriculture (FM) finalizes the Urban Agricultural Policy in the first half of the year – Hegedűs Gábor rural and regional development officer told in Budapest on Tuesday...

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NGM: real wage growth may continue this year

This year, the four-year rise of real wages can continue. The basis of the increase is the improved economic performance and the government’s economic policy – Simon Attila, Deputy Minister...

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Hungary lost 6.5 billion USD due to sanctions against Russia

The Hungarian economy has suffered a loss of 6.5 billion USD as a result of the economic sanctions imposed against Russia – the Minister of Foreign Affairs and Foreign Economic...

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