Market News
USD 85-million loss caused by the sanctions
The European Union’s embargo on Russia and the Russian answer to that cause major damage to Hungary’s economy. Our agriculture loses USD 3-4 million in export revenues every day. The...
Read moreNatural soil protection favoured
In order to protect Hungary’s agricultural land, in the future the Ministry of Agriculture gives priority to using natural soil protection methods, including the use of soil bacteria. By using...
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This year OMÉK will showcase regional products
The 77th National Agriculture and Food Exhibition (OMÉK) will be organised between 23 and 27 September at the Hungexpo Budapest Fair Centre. Regional products will be in the limelight and...
Read moreEight-percent reduction in the price of pork
According to the Agricultural Economics Research Institute’s (AKI) latest report, wine production in the European Union was 167 million hectolitres in 2014, 8 percent below the level of 2013 (the...
Read moreThe further growth of online retail depends on the activity of buyers
The ratio of those who meet with online shopping for the first time is expected to decline to a single-digit by the end of the year from the current 12-14...
Read moreThe government has adopted a development strategy for the food industry
The government has accepted the Hungarian food industry’s medium and long-term development strategy – announced Fazekas Sándor, Minister of Agriculture at a press conference in Budapest on Wednesday. The government...
Read moreNGM: two to three percent inflation would by healthy
Although the prices in May increased by half a percent, the average of inflation in the past five months is still minus 0.6 percent – Balogh László, Deputy Minister of...
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The Ministry of Agriculture would give priority support to herb cultivation
There is a need for the priority support of herb cultivation – the Minister of Agriculture said on Wednesday in Budapest at the opening event of the Medicinal Plant Research...
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One and a half thousand local governments will receive support for summer children’s meals
All the candidates, 1,486 municipalities will receive support from the three billion HUF of the budget, that was allocated for the free summer meals for children competition of the Human...
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A Food Chain Safety Department was created at the Szent István University
The National Food Chain Safety Office (Nébih) and the Veterinary Science Faculty of the Szent István University signed a cooperation agreement on the creation of a field Food Chain Safety...
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Weakening currencies
In early 2015 the Swiss National Bank lifted the 1.20 Swiss francs per euro cap. As a result of this, the Swiss franc strengthened against the forint, the euro and...
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The new list is out: Hungary’s TOP RETAILERS 2014
It is June once again so the new ranking – which is based on last year’s performance – of FMCG retailers is being published. Trade magazin, Hungary’s market leader b2b...
Read moreKSH: 0.5 percent inflation, food prices increased by more than 1 percent
In May, consumer prices were an average 0.5 percent higher than a year before. Compared to April consumer prices rose by 0.7 percent – the Central Statistical Office (KSH) reported...
Read moreThe holidays can cause problems for the shops near the Lake Balaton
There was no commercial chaos during the first Sunday of the real summer weekend at the Lake Balaton – shopkeepers and advocacy organizations near the lake told Világgazdaság. The question...
Read moreThe MNB Increases the security of internet payments
As the internet payments are increasing significantly, the Hungarian National Bank considers it important to increase the security. The Hungarian National Bank (MNB) has started the transposition of the relevant...
Read moreAnalysts were surprised by the rise in consumer prices
Analysts interviewed by MTI called it surprising that the consumer price index in May became positive in Hungary. According to the K&H Bank and the Savings Bank (Takarékbank) the average...
Read moreOpten: the rising trend of company terminations is broken
Compared with April, almost 400 fewer companies, a total of 4245 companies were terminated in the Hungarian economy in May, breaking the trend of increasing company terminations – according to...
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The GDP of the EU and the Euro Zone grew by 0.4 percent in the first quarter
The seasonally adjusted gross domestic product (GDP) both rose by 0.4 percent in the European Union's 28 member states and in the Euro Zone’s 19 countries in the first quarter,...
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Manpower: the Hungarian employers plan workforce expansion
The recruitment mood of the the Hungarian employers has dropped, compared to the previous quarter. According to the latest Manpower prediction, 11 percent of the companies are planning workforce expansion...
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Winemakers have to prepare for the impacts of the climate change
Áder János President stressed the importance of preparing for the effects of the climate change on Tuesday in Villány. Áder János President (r) is talking with Bock József, winemaker and...
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Wine and marijuana pairings in Denver
From now tasting marijuana with wine is also possible in the US – agrarszektor.hu wrote, after borravalo.hu. The owner of a winery in Denver believes that some forms of cannabis...
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One fifth of SMEs plan to recruit new employees
A survey conducted by GfK Hungária for Budapest Bank found that 80 percent of Hungarian SMEs’ managing directors believe there is huge potential in their enterprises. 30 percent of small...
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After virtual stores Google opens physical ones
On 12 March Google announced the opening of physical stores. The new concept premiered in Currys PC World on Tottenham Court Road in London. Smartphones, tablet computers, Chrombook laptops, Chromcast...
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Communication
Communication is important in every field of life and finding a partner is no exception. I have had a 40-year-old client called Kálmán, a handsome and confident businessmen. He met...
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KSH: the export surplus in the first quarter is above three billion euros
In the first four months of the year, teh trade surplus was 3.020 billion euros, 552 million more than in the same period of last year. In January-April, exports increased...
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Analysts: favorable outlook for foreign trade
According to analysts interviewed by MTI, the dynamics of foreign trade remains favorable. According to the first estimate of the Central Statistical Office (KSH) released on Monday, the value of...
Read moreThousands of tourists complaining due to the Sunday store closure at the Lake Balaton
Chaotic conditions occured on the first Sunday of the Hot Summer Season at the Lake Balaton: thousands of angry tourists were in fret, because of the closed shops – the...
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Hungarian Food Bank Association: 100 kilos of food is thrown out per household per year
In Hungary an average of 100 kilogrammes of food is thrown out each year per household – the president of the Hungarian Food Bank Association told M1 news channel on...
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The Purchasing Manager Index keeps growing
In March the seasonally adjusted value of the Purchasing Manager Index was 55.6 points – informed the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT). This data indicates that...
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