Market News
Garantiqa: Hungary is at the forefront of corporate loan guarantees in Europe
Hungary ranks second in Europe in the application of guarantee schemes for corporate loans – Garantiqa Hitelgarancia Zrt. (Garantiqa), part of the MFB Group, told MTI based on the latest...
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Potatoes can be the big loser in the pandemic
Huge amount of potatoes (hundreds of thousands of tons) remained in the markets of large producing countries and in the warehouses of processing companies, with which they do not know...
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The wealth of Hungarian households increased significantly
By the end of the second quarter, the financial assets of households had increased to 63,191 billion HUF, which is an increase of 1,823 billion HUF, compared to the previous...
Read moreMany businesses are unaware that they are innovating
A fraction of the innovations of the small and medium-sized enterprises (SMEs) in Hungary are not utilized either, and many SMEs are not even aware that they have created a...
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Economic performance in the euro area declined sharply in the second quarter
Economic performance declined and employment fell sharply in the second quarter as a result of the global coronavirus pandemic in both the European Union and in the euro area. According...
Read moreRetail sales in the United States grew less than expected in July
The increase in the number of coronavirus infections and the decline in unemployment benefits and thus disposable income led to a smaller-than-expected increase in retail sales in the United States...
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The bread of the country is given
Hungary’s fate is determined not only by the amount of subsidies and the quality of the arable land, but also by the hard-working hands that cultivate the land every day,...
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Listen, you spent more in July again
Purchases in shops increased in July. At a slightly higher rate than in June, in July by 1-1.5 percent. In the larger grocery stores, we spent 10 percent more, but...
Read moreKSH: economic performance decreased by 13.6 percent in the second quarter
According to raw data, Hungary’s gross domestic product (GDP) fell by 13.6 percent seasonally and calendar-adjusted, while according to the balanced data by 13.5 percent in the second quarter, compared...
Read moreGKI: An attempt to rapidly measure the coronavirus crisis and economic performance
The application of big data analysis methods and machine learning has created new opportunities in the preparation of economic analyzes and forecasts. Based on the information available to it, the...
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World Overconsumption Day has shifted more than three weeks later this year, compared to last year
More than three weeks later than last year, August 22 is World Day of Overconsumption, the date by which the Earth’s population is depleting the planet’s one-year resources, according to...
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How the pandemic will develop in the coming years
We are in the eighth month of the coronavirus pandemic, and it is far from over. If he gets one. Yes, the scientists are testing vaccines, but they are practically...
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Subaru shows real wildfire footage in new ad
The brand makes a strong point about the urgency and concern around wildfires, and showing how it is taking real action by restoring the lost forests rather than just playing...
Read moreFAO: world food prices rose for the first time this year
In June world food prices rose for the first time this year due to higher prices of vegetable oils, sugar and dairy products. The food price index calculated by the...
Read moreMabisz’s support for agricultural insurance premiums increased by 2 billion HUF
The amount of support for agricultural insurance premiums has increased from 5 billion HUF to 7 billion HUF, increasing the maximum amount of support from the previous 65 percent to...
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Unemployment figures are better than expected
Unemployment figures in Hungary are much better than expected – Szalai Piroska, labor market expert told M1 news channel on Thursday. She recalled that, according to a report by the...
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The idea to support cattle breeding won the NAK TechLab competition
An idea supporting cattle breeding was the winner of the final of the NAK TechLab University Idea Competition in Budapest, organized by the National Chamber of Agriculture (NAK) with the...
Read moreConsumer prices in Germany fell in July
Consumer prices in Germany fell 0.1 percent on an annual basis in July. The annual consumer price index fell for the first time since April 2016, according to a Thursday...
Read moreRenewable energy from unsold, expired beer in Australia
Biogas was produced from unsold, expired beer stocks at the time of the coronavirus epidemic to power one of Australia’s wastewater treatment plants. At the Glenelg wastewater treatment plant west...
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Optimistic Americans
While uncertainty remains high among U.S. consumers, their outlook is generally more favorable than their European counterparts. So finds a recent study by marketing consultancy Simon-Kucher & Partners. The COVID-19 Consumer...
Read moreHungarian sweet corn is popular on the world market
The harvest of sweet corn in Hungary started with the early varieties. Due to unfavorable weather conditions, experts expect slightly less than last year’s 500 thousand tons of crop area...
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Who emerged victoriously from the pandemic
Year 2020 has brought new kinds of challenges worldwide, previously seen only in sci-fi movies. Many companies were put at risk, millions of workers were unable to get to work,...
Read moreOpten: 2942 new businesses were registered in July
In July 2020, 2,942 new companies were registered in Hungary, the last time the number of company foundations was so high was in 2014 – the company information service provider...
Read moreEY: Acquisitions can bring significant profits
The corporate acquisition market has also been pushed back by the coronavirus, but the transactions could bring significant gains in the long run, EY told MTI on Wednesday. The international...
Read moreHere is a list of the most dangerous countries based on malicious IT attacks
There are several countries in the recent ranking of the least secure states in terms of malicious IT attacks, where Hungarian companies can also have lively business relations. Companies whose...
Read moreKSH: consumer prices rose by 3.8 percent in July
In July, consumer prices were on average 3.8 percent higher than a year before. Over the past year, the prices of food and spirits and tobacco have risen significantly –...
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Soft drink association: mineral water, juice and soft drink sales decreased in the first half
The sales of mineral waters, flavored waters, carbonated soft drinks, juices and ice teas decreased by about 8 percent to 1,177 million liters in the first half of the year...
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Consumers favor smartphones for back-to-school shopping
More than half (59%) of U.S. consumers plan to use their smartphones for back-to-school shopping this year. Fifty-five percent of people said they purchased something directly on a mobile device...
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Only half of households have a reserve for 2 months, according to a survey
Only half of Hungarian employees have enough reserves for 2 months, while those who have recently lost their jobs are reserved for an average of 3 months, according to a...
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