News and articles
Intrum: after the rising period, the solvency of the Hungarian population decreased
In the second quarter of this year, the value of the Intrum solvency index decreased significantly. The indicator indicating the financial situation of the population fell by 22 percent on...
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Demand on the Budapest office market increased by 10.2 percent in the second quarter
Gross demand on the Budapest office market increased by 10.2 percent in the second quarter, compared to the same period of last year, reaching 108,020 square meters, the Budapest Real...
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Work Force: third-country workforce is key to Hungarian economic growth
Third-country labor is key to economic growth, according to Work Force HR provider. According to the company’s announcement on Monday, dealing with the increasing labor shortage in the physical field...
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US Congress votes to temporarily open up infant formula market
US President Biden has signed the Formula Act into law after passing the US Congress and Senate, suspending tariffs on imported infant formulas and making them more affordable for consumers....
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Ifo’s July German business sentiment index weakened more than expected
In July, the German business sentiment index of the ifo economic research institute worsened more than expected. In a survey by the ifo Institute for Economic Research of the University...
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In July, the economic performance of the Eurozone began to decline
In July, the economic performance of the Eurozone decreased and began to shrink to a greater extent than expected, based on the preliminary data published on Friday of the survey...
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This year’s melon season may end soon
The domestic melon season may end prematurely this year. Although the heatwave favored consumption, the heat caused a serious headache for the producers. However, consumers still do not have to...
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Analysts: mid-year wage increases may maintain the further rise of real wages
Thanks to the mid-year wage increases that try to keep up with inflation, even taking into account the expected strong inflation, real wages may continue to grow in the second...
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Irish Grocery Inflation Hits Highest Level Since 2008
Grocery inflation reached 7.7% in the 12 weeks to 10 July 2022, recording its highest level since August 2008, according to the latest data from Kantar. Consumer spending on take-home...
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A new specialist in the SAP team
A new specialist has joined the SAP team, Gergely Jancsár has been working as the head of the Central and Eastern European region for the company in Budapest since July....
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KSH: in May, the average gross salary was 495,900 HUF
The gross average earnings of part-time employees was HUF 495,900, 14.9 percent higher than a year earlier, and the net average earnings, calculated taking into account discounts, rose by 15.6...
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Americans store hundreds of thousands of tons of cheese in a cave in Springfield
The United States imports all the cool European cheeses, but at the same time they make a lot of cheese from bulk cheese, telex reports. So much so that more...
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This is how the average price of watermelons changed in Hungary between 2000 and 2021
Between April, May and June 2020, the data collection was paused during the closures due to covid, regardless of this, the change in the price of the popular fruit in...
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National research: Hungarian consumers believe in surprising myths about margarine
Margarines have long been a popular food in Hungary, but there are still many urban legends and misconceptions surrounding these products. Now, as part of a national research commissioned by...
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Tesco launches match-and-mix deal to save plastic
Tesco has ditched the wrapping on its own-brand juice cartons, water bottles and fizzy drinks in a bid to achieve its sustainability goal of saving 45 million pieces of plastic...
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Three Hungarian companies made one and a half billion HUF investments in the metal industry
The consortium of Csaba Metál Zrt., Csaba Tool Kft. and Droidx Kft. carried out a metal industry investment of one and a half billion forints – the tender writer Prospera...
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The economic index of the GKI slowed down in July, but continued to decrease
In July, the GKI economic index fell to its lowest level in more than a year, not seen since last March. According to a survey conducted by GKI Gazdaságkutátó –...
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Vote for your favorite “Free from products place” for guaranteed discounts!
menteshelyek.hu is a collection of places that offer Paleo, vegan, sugar-free, regenor, milk protein-free, lactose-free, carbohydrate-reduced and gluten-free meals, as well as establishments that manufacture, cater and distribute “free from”...
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KSH: Budapest had the highest employment rate in the first quarter
In the first quarter, Budapest had the highest employment rate of 79.9 percent, and Somogy County the lowest with 66.3 percent – according to the publication of the Central Statistical...
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The Ministry of Agriculture negotiated with insurance companies about drought damage
Feldman Zsolt, the Secretary of State responsible for agriculture and rural development of the Ministry of Agriculture, held a consultation with the representatives of the insurance companies operating in Hungary...
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The German economy fell back
In July, the performance of the German economy unexpectedly began to decline, according to the preliminary results of the survey published on Friday by the London-based S&P Global economic research...
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The performance of the American economy decreased in July
The performance of the American economy decreased in July based on the preliminary evaluation of the purchasing manager index of the S&P Global Market Intelligence economic research institute. In the...
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Ministry of Agriculture: farmers can be exempted from their obligations if they suffer drought damage
Hungary is being hit by a drought on a historic scale, Hungarian farmers are helped by several previously created legal regulations in such a situation, the Ministry of Agriculture told...
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Mihály Varga: it is favorable that Fitch Ratings confirmed Hungary’s rating despite the war crisis
It is good that Fitch Ratings has confirmed Hungary’s classification despite the war crisis and European recession fears, and continues to recommend Hungary for investment with a stable outlook –...
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A scheduled irrigation schedule is established by the National Directorate General of Water
In order to deal with the drought situation, the National Water Directorate General (OVF) is creating a scheduled irrigation schedule in addition to technical interventions, and in order to eradicate...
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Domestic food safety is still not in danger, according to experts
In addition to the high production costs and the uncertain economic environment, the drought is now making the situation of the producers more difficult, but food safety in Hungary is...
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Want to save the planet? Eat protein from mushrooms and algea instead of red meat
Replacing just one fifth of the red meat we eat with microbial proteins derived from fungi or algae could reduce annual deforestation by a massive 56 % come 2050, according...
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The export and import of live pigs also decreased
The situation in the Hungarian pig sector is becoming more and more serious. In the first four months of 2022 both the export and import of live pigs decreased significantly,...
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Századvég: the war continues to leave its mark on the economy
Based on the July survey of the Századvég Konjunktúrakutató, the population’s and businesses’ sense of the economic situation both worsened: the population index, interpreted on a scale between minus 100...
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Ministry of Agriculture: Bábolna Farmers’ Days at the service of farmers again this year
September 8-10. between Bábolna National Stud Farm welcomes visitors to the Bábolna Farmers’ Days. The event, which will be held on approximately 20,000 square meters, will provide interesting and exciting...
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