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The Coface is expecting a 2.3 percent GDP growth in Hungary
This year, a 2.3 percent GDP growth is expected in Hungary. The Hungarian economy is only moderately affected by the strenghtening of the Swiss franc, due to the fixing fixing...
Read moreMagazine: The place where everyone gathers
According to Szilvia Máté, director of BD-Expo Kft. (the official representative of Messe Düsseldorf, Veletrhy Brno and AllWorld Co. in Hungary), leading trade exhibitions, large trade fairs benefit from economic...
Read moreGrain prices have fallen nineteen percent within a year
The Magro Grain Index (MGX) expressing the combined price movements of the Hungarian grains decreased by nineteen percent from 10059 points 8190 points in one year. This means that the...
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The growing area of the high oleic acid sunflower can increase by one million hectares worldwide
The volume of the high oleic acid sunflower can continue to grow in Hungary. The demand for the crop is dramatically increasing worldwide – Syngenta’s sector forecast predicts. Last year,...
Read moreItalian authorities caught a Eastern European cigarette smuggling network
The Italian and Eastern European crime organization smuggled the cigarettes from Poland, Ukraine and Hungary – the Italian authorities announced on Tuesday. 88 members of the gang were arrested and...
Read moreNielsen: the consumer confidence index decreased in the last quarter of 2014
The Nielsen Consumer Confidence Index closed last year with 54 points in Hungary, this fourth quarter indicator is two points lower than the indicator of the third quarter. The slow...
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The mitigation of the Russian meat ban is urging to the Hungarian meat industry
To ease the Russian meat ban is urging to the Hungarian meat industry players, who suffer significant revenue losses due to the Russian embargo – Menczel Lászlóné, Secretary of the...
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The GKI-Erste sentiment index started the year with a decline
The (seasonally adjusted) value of the GKI-Erste economic index significantly decreased in January, but from a high level. According to a survey of GKI (www.gki.hu) made with the support of...
Read moreSuch good grain harvest occurs only in every tenth year
Such good grain harvest occurs omly in every tenth year as in 2014, but it is even rarer that yield results of winter wheat and maize are simultaneously outstanding –...
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Three and a half tons of meat products were seized at a wholesaler in Budapest
Over three and a half tons of expired and unknown origin meat products were seized at a wholesale store in Budapest. The fine is expected to be several millions of...
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The stolen Romanée-Conti wines were found
Investigators have recovered the bulk of the premium wine bottles stolen from The French Laundry on Christmas Day, according to the Napa County Sheriff’s Office. No arrests have been made....
Read moreMagazine: Being stylish but spending just a thousand forints
The Hungarian decorative cosmetics and perfume market is growing dynamically, so market players are kind of optimistic. Beáta Lakatos, country manager with Coty Hungary Kft. informed Trade magazin that a...
Read moreBody care when it is cold outside
Economic recession and changing consumption trends made great changes in the body care market in the last few years – Katalin Rosta, junior shopper & customer marketing manager of Unilever...
Read morePartly European Union-funded tobacco plant opens in Debrecen
Róna Tobacco Trade Kft.’s new plant was built from a budget of HUF 3.1 billion and it now employs 440 people – told Marc Wagner, managing director of majority owner...
Read moreTemperament and passion from Mexico
According to the Aztecs, Tequila is a gift from the gods. The Aztecs had made a fermented beverage from the agave plant, which the Spanish conquerors later distilled – this...
Read moreInternational brands move to Székesfehérvár
On 19 September National Economy Minister Mihály Varga and mayor András Cser-Palkovics were both present when Mondelez’s new production unit was inaugurated in Székesfehérvár. Milka, Cadbury TUC, LU and Ritz...
Read more51827.png Hundreds of million spent on laboratories and studios at the University of Kaposvár
The University of Kaposvár spent HUF 443 million on infrastructural development, part of which was realised at the Faculty of Agriculture and Environmental Sciences. Research, development, innovation and education all...
Read moreRondo expands Soroksár factory
Austrian group Rondo celebrated the 20th anniversary of establishing its Hungarian affiliate with opening a HUF 350-million factory. The company now produces corrugated board products on 10,000m² in Soroksár. Rondo...
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The prospects for agriculture are promising
Czerván György, the Minister of State for the Ministry of Agriculture, responsible for Agri Management called the agriculture prospects encouraging this year and for the next years. Czerván George, agrárgazdaságért...
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Hungary is world leader in per capita duck meat production
We increasingly look for products made from duck instead of goose meat and foie gras – agrarszektor.hu wrote. The duck is cheaper and many say it is tastier by many...
Read moreOne week has been left for those who are not willing to pay security risk after 1 March
The NGM has extended the test run of the EKÁER system until 22 January, and those who are obliged do not have to pay the security risk until 28 February...
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FM: 170 million HUF support to the seasoning paprika growers
The Ministry of Agriculture (FM) provides approximately 170 million HUF support to the seasoning paprika growers this year – the ministry published on the news site of the government on...
Read moreThe revenue of the Belgian food industry is five times bigger than the revenue of the Hungarian food industry
Belgium’s land area is less than Hungary’s, however the output per farm is still ten times more there than in Hungary, while the revenue of the Belgian food industry is...
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Public catering should use more local products!
The public catering should use more locally grown, healthy agricultural products at a higher proportion – Gajda Róbert, Government commissioner, leader of the Békés County Government in Sarkad, where he...
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NAV: Seventy-five tons of unmarked potatoes were found in Szabolcs-Szatmár-Bereg county
The members of the regional electric road freight control system (ekáer) of the National Tax and Customs Authority (NAV) found seventy-five tons of unmarked Polish potatoes in Szabolcs-Szatmár-Bereg county. Dávid...
Read moreSMEs can modernise the technology they use from a bigger budget
From the recently started European Union funding schemes, those enterprises can profit the most which plan to invest in technological modernisation: instead of the originally declared HUF 5 billion they...
Read moreToday’s youth is spoiled!
At a conference held on 20 November in Budapest, Dr Mária Törőcsik, a professor at the University of Pécs, presented the results of a survey on the so-called Generation Z....
Read moreThe ekáer’s trial run was extended until the first of March
The government extended the trial run of the electronic control system for road freight (ekáer) until the first of March take the proposal of the operators into consideration – the...
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Hungary is preparing to produce GMO-free milk, meat and eggs
Hungary is preparing to produce genetic manipulation-free (GMO-free), milk, meat and eggs. The necessary first steps have already been done in the case of milk. Nagy István, Parliamentary Minister of...
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