Market News

KSH: retail sales increased by 3.0 percent in July

In July, the volume of retail sales increased by 2.5 percent, according to the raw data, and by 3.0 percent compared to the same period of the previous year, the...

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Wild meat consumption promotion campaign launched

For the first time promotes “Taste hunt up! The consumption of wild game meat is discussed.” the Ministry of Agriculture (AM) in cooperation with the Agricultural Marketing Centre (AMC), said...

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BMI: Strong end-of-summer expansion

The seasonally adjusted August value of the Purchasing Managers’ Index (BMI) was 55.9....

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Consumer price growth accelerated in OECD countries in July

In the Member States of the Organisation for Economic Co-operation and Development (OECD), annual consumer price growth accelerated to 4.2 percent in July from 4 percent in June....

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Analysts: the performance of the Hungarian economy is balanced and exceededs pre-pandemic levels

The performance of the Hungarian economy in the second quarter exceeded not only the level of the second quarter of 2019, but also of the last quarter before the pandemic,...

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Nagy István: one-year transition period to help prepare for the new wine law

The new wine law came into force on 1 August, and preparations for the new rules will be supported by a one-year transition period until 31 July 2022, the Minister...

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The tender to encourage the dissemination of consumer protection knowledge at school is being relaunched

At the beginning of the school year, the Ministry of Innovation and Technology will reopen its application encouraging the dissemination of consumer protection knowledge that can be used in practice...

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EU’s largest peach growers perform at a record low

According to Europêch, the lowest peach and nectar production in the last 30 years will take place in 2021. The four leading peach and nectar producing Member States of the...

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Ministry of Agriculture: In the coming years, the application opportunities for agricultural development will not be reduced either

Thanks to the resources available until the end of the EU development cycle, the opportunities for tenders to improve the efficiency and competitiveness of the sector’s participants will not be...

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By 2025, it will be unthinkable to have an agribusiness without a drone

In addition to the construction, law enforcement and security areas, drones are now becoming increasingly popular in agriculture. The trend is illustrated by the fact that while it is estimated...

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Global food commodity prices rebound in August

Global food commodity prices rebounded rapidly in August after two consecutive months of decline, led by strong gains in the international price quotations for sugar, wheat and vegetable oils, the...

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5 expert tips to get rid of hangover

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

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The innovation of a Hungarian startup brings contactless parking to Westend

Thanks to a Hungarian development, westend visitors can now park in the parking lots of the shopping center in a completely contactless and environmentally friendly way. In the Westend application,...

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KSH: industrial production grew by 7.3 percentage points and services by 7.0 percentage points in the second quarter

The volume of gross domestic product (GDP) increased by 17.9 percent in the second quarter, compared to the same period last year, the Central Statistical Office (KSH) confirmed on Wednesday...

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Grain prices are high, flour may become more expensive

We need to be prepared for the fact that meat, bread and milk will definitely become more expensive in Hungary, and if all this is not enough, another flour increase...

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Imports grew faster than exports

In June, the value of exports in euros increased by 21.8 percent, imports by 25.1 percent, and the export surplus of 629 million euros was 98 million less than a...

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Nébih’s catering information page has been launched

To support the application process and procurement, the National Food Chain Safety Office (Nébih) has set up a catering information page. According to a statement sent to MTI by Nébih...

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Wine production is expected to slow in France

Exports of French wines and spirits were remarkably high in the first half of 2021, exceeding pre-coronavirus levels in several markets, but this year’s wine production is expected to be...

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Consumer confidence in the United States deteriorated in August

Consumer confidence in the United States fell more than expected to a six-month low in August as a result of concerns about the rapid spread of a highly infectious delta...

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Poor plum yields may come in Germany

According to a recent forecast from the German Federal Statistical Office (Destatis), the volume of domestic apple production this year will be around 937 thousand tons, which is 2 percent...

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Brewing may have begun in China nine thousand years ago

According to a new Chinese study, brewing began in China nine thousand years ago, a thousand years earlier than previously thought. Beer drinking was part of the ritual reverence for...

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Marked improvement in operating conditions amid strong demand conditions

August PMITM data from IHS Markit signalled a marked improvement in the health of the U.S. manufacturing sector. Although slightly softer than that seen in July, the expansion was supported...

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KSH: earnings increased in June

In June, both gross and net average earnings excluding benefits increased by 3.5 percent from a year before. Net earnings, taking into account discounts increased by 3.1 percent, the Central...

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Investments are on historical peak

The volume of investments rose to an unprecedented level in the second quarter, when 2,760 billion HUF worth of development was implemented in Hungary, Minister of Finance Varga Mihály said...

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Global coffee supplies may also be hampered by the Vietnamese lockdown

Vietnamese exporters fear that pandemic closures in Ho Chi Minh City could cause a serious disruption to the world’s coffee supply, telex.hu wrote after BBC. Vietnam is the second largest...

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Inflation reached a 13-year high in August in Germany

In Germany, the highest consumer price increase since July 2008 was measured in August this year. According to preliminary data from Destatis released on Monday, consumer prices rose 3.9 percent...

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Employment at peak, labour shortages return in several areas

The economic recovery following the virus crisis is noticeable in the labour market: according to the latest CSO data, employment at record levels and, based on whc group’s own experience,...

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The seedling program with the involvement of the smallest gardeners has been successfully completed

Two thousand kindergarteners got acquainted this year with the education of the landscape variety tomatoes thanks to the Ecological Agricultural Research Institute (ÖMKi), the Ovikert program and the Responsible Gastronomic...

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(HU) Uniós oltalmat kapott a Nagykunsági birspálinka

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AM: seed is the best in Hungary

The adaptability of plant varieties bred in Hungary under Hungarian climatic conditions is outstanding, which is a valuable property, and it is worth basing agricultural production on them, said Zsolt...

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