Market News

ITM monitors compliance with grocery stops everywhere from convenience stores to hypermarkets

From February 1 to May, consumer protection staff from county and metropolitan government offices will monitor compliance with the food price stop in all parts of the country. Communication. Nationwide...

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KSH: foreign trade balance showed a deficit of 76 million euros in last November

In November last year, the value of exports in euros increased by 8.2 percent and imports by 15.7 percent year-on-year, the balance deteriorated by 682 million euros and showed a...

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Takarékbank: Hungarian food and agriculture is characterized by cautious confidence

Hungarian food and agriculture started the year with cautious confidence, the experts of the financial institution said in a background discussion at the analysts of Takarékbank and Magyar Bankholding in...

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German retail sales decreased

Last December, retail sales in Germany fell much more than expected due to the reintroduction of restrictive measures, according to a report by the German Federal Statistical Office, Destatis, on...

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Russia will increase its wheat production area to nearly 30 million hectares this year

In Russia, 29.535 million hectares of wheat will be sown this year, more than 818,000 hectares more than in 2021, Interfax news agency quoted the Ministry of Agriculture’s data. The...

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Hungerit’s new breadcrumbs plant opened

Hungerit Zrt. supported the 2.1 billion HUF investment with HUF 1 billion at its szentes site. Due to the pandemic, the symbolic handover of the new plant took place at...

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Slight increase in January

The Purchasing Managers’ Index (BMI) seasonally adjusted for January is 50.7. Compared to previous Januarys, this year’s figure is below the long-term Average for January (52.9) and the average for...

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OKSZ Secretary-General: retail sales to gain momentum in February

Retail sales could gain momentum in February due to rising incomes, one-time benefits and changes affecting trade, the secretary general of the National Trade Association (OKSZ) told MTI on Monday....

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Confidence in online shopping is growing

Online commerce has increased dramatically during the pandemic and there is no stopping it yet. After the outbreak of the pandemic, there was a noticeable increase in demand for webshops:...

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KSH: the price stop will start on Tuesday

The Central Statistical Office (KSH) published the average last October price of the seven basic foods affected by the price stop. From Tuesday to May 1, the government has introduced...

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The Gyermelyi Zrt. is building a new grain storage system.

The Gyermelyi Zrt. is building a 40,000-tonne grain storage system from about 3 billion HUF. Farkas Sándor, the parliamentary secretary of state of the Ministry of Agriculture, handed over the...

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The ízletes rizike became the mushroom of the year

The ízletes rizike became the mushroom of the year in a public vote on the website of the Hungarian Mycological Society, the Hungarian University of Agricultural and Life Sciences (MATE)...

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MME: homemade beehives we can help the pollinating insects

The Hungarian Ornithological and Nature Conservation Association (MME) encourages the placement of nature conservation equipments, “beehive hotels” or “wasp garages”, which help the reproduction of bees and wasps living alone....

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Euro area GDP grew in line with expectations in the fourth quarter

In line with market expectations, euro area gross domestic product (GDP) rose by 0.3 percent from a quarter earlier in the fourth quarter of last year, according to a preliminary...

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(HU) Eltűnnek bizonyos cigaretták a dohányboltokból

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Economist: Food prices are guaranteed to make products cheaper

With the food price stop, it is guaranteed that the affected products will be cheaper for the population, Géza Sebestyén, economist at Corvinus University said on the Sunday evening program...

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István Nagy: the government helps families and the elderly with food prices

With the food price stop coming into force on 1 February, the government wants to help families with children and elderly people in particular, Minister of Agriculture István Nagy said...

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Mihály Varga: Fitch Ratings says the relaunch of the Hungarian economy is a success

Fitch Ratings has confirmed Hungary’s rating, and according to the rating agency, the relaunch of the Hungarian economy is a success, Finance Minister Mihály Varga wrote on his Facebook page...

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AM: Hungarian food production should be strengthened

Hungarian dairy production and food production must be strengthened. The government has made the necessary decisions, Erdős Norbert, of the Ministry of Agriculture (AM) said. He added that in the...

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Ministry of Agriculture: renewable support and regulatory environment helps winemaking

In the new cycle of the Common Agricultural Policy until 2027, 28 million euros of targeted funds have been provided annually for the domestic support of the grape and wine...

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SZTNH: more and more new trademarks to appear

Last year, 4,192 trademark applications were received by the National Office of Intellectual Property (SZTNH). In the last 10 years, more trademark applications (4599) were only received by the Office...

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Romania is importing more and more food

Romania has the fifth largest agricultural production area in the European Union, 13.5 million hectares, but is increasingly dependent on food imports, agrarszektor.hu wrote after Economica.net economic portal, which presented...

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In order not to pay fine to NÉBIH

All businesses operating within the scope of the NÉBIH in the field of Hungary must pay the second instalment of the supervisory fee by 31 January 2022 if they do...

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Consumer sentiment in the United States deteriorated in January

Consumer sentiment in the United States deteriorated to a greater extent than previously reported due to concerns about high inflation. The consumer sentiment index fell from 70.6 points in December...

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How are successful companies tuned to their customers?

According to the results of this year’s KPMG Global Customer Experience Excellence survey, a high level of digitalisation, being sensitive to social issues and giving priority to earning the loyalty...

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Eurozone economic sentiment deteriorated in January

The euro area economic sentiment index fell to a nine-month low in January, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG EcFin). In...

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Caixin/Markit: China’s manufacturing sector falls in January

China’s factory activity contracted at the sharpest rate in 23 months in January, underscoring the huge economic costs from the country’s zero-COVID approach as surging cases and tough containment measures...

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Food security starts with your soil

The 14th Edition of the 14th Edition, which was organised online with the participation of eighty-six countries and twelve international organisations, concluded with the adoption of a joint declaration. The...

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German economy performed weaker than expected in the fourth quarter

Gross domestic product (GDP) in Germany shrank more than expected in the fourth quarter, according to preliminary data released on Friday by germany’s federal statistics office....

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A Hungarian innovation may help sustainable forest management

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