Market News
Retail sales in the euro area grew less than expected in January on a monthly and annual basis
In the euro area, retail sales rose less than analysts expected in January on a monthly and annual basis. The European Union’s statistical office, Eurostat, said on Friday that retail...
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(HU) Hatalmasat zuhant a forint, csak a rubel esett nagyobbat
Sorry, this entry is only available in HU....
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China sets economic growth of around 5.5% by 2022
China has set an economic growth goal of around 5.5 percent by 2022, Chinese Premier Li Keqiang said on Saturday at the opening of the annual session of the National...
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This is how Russian companies are affected by the separation from SWIFT
On March 12, the following Russian banks will be separated from SWIFT: VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB. However, many banks remain in the system, and companies have...
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LMP: the development of rural infrastructure is a priority in the programme of the opposition alliance
The development of rural infrastructure, including inferior road networks, is a key focus of the government programme of the opposition alliance United for Hungary, the leader of the LMP parliamentary...
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VOSZ: Cooperation is the key to successful crisis management
In the shadow of the pandemic and the war near Hungary, the importance of cooperation was highlighted by the speakers of the 22nd Entrepreneurs’ Day event, VOSZ President János Eppel...
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Magazine: Richer in flavours
In the last 10 years the wet condiment category didn’t stop developing, and after the panic-buying in 2020 sales didn’t drop in 2021 either. We learned from Anita Plánk, Unilever...
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In January, the turnover of retail stores increased by 4.1 percent
According to the raw data, the volume of retail trade turnover increased by 4.5 percent in January, 4.1 percent year-on-year, according to the raw data, the Central Statistical Office (KSH)...
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KSH: The trade surplus in 2021 was 1.897 billion euros
In 2021, the value of Hungarian exports in euros was 13.6 percent, and imports 18.2 percent higher than in the previous year, the export surplus melted to 1.897 billion euros...
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Retail sales are expected to expand more strongly from February
Household consumption is set in the crossfire of rising incomes and high inflation in the first half of this year, according to the latest data data. According to a report...
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Irrigation of two thousand hectares will be provided by the next phase of the Homokhátság Water Replacement Project
The conditions for the irrigation of two thousand hectares will be created by the next phase of the Homokhátság water replenishment project, for which the government provided 1.8 billion HUF,...
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Magyar Bankholding: loan and deposit portfolio in the agricultural sector grew above average last year
Last year, slightly above the national average, the loan portfolio of enterprises related to agriculture and the food industry grew by 11 percent in Hungary, and in the member banks...
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What about the small gas stations after the gas price stop?
It is difficult to decide what is worse: the 600 HUF petrol price prevailing in neighbouring Slovakia, or the fact that many petrol stations at the border are forced to...
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Moody’s and Fitch have withdrawn their investment grade sovereign ratings from Russia
Two international credit rating agencies, Moody’s Investors Service and Fitch Ratings, withdrew Russia’s investment-recommended sovereign rating on Thursday. Moody’s has downgraded Russia’s long-term foreign currency and foreign currency debt rating...
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Unemployment rate in the eurozone fell in January
In January 2022, the euro area seasonally-adjusted unemployment rate was 6.8%, down from 7.0% in December 2021 and from 8.3% in January 2021. The EU unemployment rate was 6.2% in...
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Mihály Varga: The government is working to mitigate the effects of the war
The government is working to protect economic operators and the Hungarian people from the effects of the war in the neighbourhood, Minister of Finance Mihály Varga said on Thursday at...
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The most Hungarian brand
Lately, trademarks have been playing an increasingly important role in the consumer perception of packaged foods and have also started to affect buying decisions more frequently. On the ‘digital shelves’...
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AM: Heves County has a vibrant economic life and development opportunities
Heves County is a forward-looking example by the fact that food processing plants have made more than HUF 22 billion in development needs for the implementation of their complex developments,...
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Here’s the latest Borsodi Szitu: made purely with barley malt
The history of Borsodi Brewery has reached a new chapter. From March this year, the company will renew the recipe for one of Hungary’s favorite beers and brew Borsodi beer...
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NAK: the agricultural economy should be considered a partner in climate protection
It is a common task that the agricultural economy should not be a scapegoat in the fight against climate change, but a sector that all segments of society regard as...
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Agrotax: land prices continue to rise
The price increase on the Hungarian agricultural land market continued in 2021, Agrotax Kft. told MTI on Thursday. The average market price of agricultural land was HUF 1,969 million per...
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Nobody wants to own Sberbank
The National Bank of Hungary (MNB) has made significant efforts in recent days to find a long-term solution, notably the sale of the Hungarian Sberbank, which has not been successful,...
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AM: model park forest planted in Ács
With the plantation of 20,000 native saplings, a new park forest was born in Ács. The afforestation implemented with the support of the Rural Development Programme as part of the...
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The plenary session of the Hungarian-Serbian Joint Economic Committee also reflected on the war
Mr. Szijjártó held his press conference together with Serbian Economy Minister Andjelka Atanaskovic, as the plenary session of the Hungarian-Serbian Joint Economic Committee is taking place in Budapest on Wednesday...
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Analysts: after last year’s surprisingly strong GDP growth outlooks are increasingly uncertain
After the surprisingly good full-year and fourth-quarter performance of the Hungarian economy last year, analysts told MTI that the outlook for this year was increasingly uncertain due to the Russian-Ukrainian...
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KSH: The Hungarian economy grew by more than seven percent in the last quarter of last year
In the fourth quarter of last year, the volume of gross domestic product increased by 7.1 percent, compared to the same period of the previous year. Services contributed by 4.6...
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AM: The Ministry of Agriculture provides 1.5 billion HUF to compensate storm damage
The storm of 30 January 2022 caused significant damages to agriculture, mainly to farmers engaged in sprouted vegetable production. One and a half billion can compensate for storm damage at...
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Eurozone inflation hit another record high in February
The annual inflation rate in the euro area rose to a new record 5.8 percent in February 2022 from 5.1 percent in January, exceeding the 5.4 percent market expectation based...
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We spend as much time in front of the telly as before, but we watch more commercials
In 2021 Hungarians spent 4 hours and 54 minutes in front of the television on average, which was just 1 minute less than in the previous year – reveals the...
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Agricultural Academy Forum on Precision Farming
An agricultural academy forum entitled The Future, or Precision Farming in Practice, was held on Wednesday by the Hungarian University of Agricultural and Life Sciences (MATE) and the Hungarian Agriculture...
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