Market News
Legislation and subsidies help to increase irrigated areas
The new legislation, which came into effect in January 2020, provides an opportunity to expand irrigated areas in Hungary, for which simplified irrigation development plans can be made and farmers...
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FAO: world food prices continued to increase in January
World food prices have risen in January for the fourth consecutive month, this time mainly due to higher prices of vegetable oils, sugar and cereals. The January Food Price Index...
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Professional federation: the number of students opting for the agricultural engineering profession has increased
In five years, the number of students opting for the agricultural engineering profession has increased by 70 percent, most of them choosing an agricultural career because of competitive income, high-tech...
Read moreEY: Hungarian companies have a lot to do because of Brexit
Hungarian firms have a lot to do with Brexit, with the UK’s exit from the EU. It will most affect the issue of customs and VAT, says EY in a...
Read moreRetail sales in the Czech Republic increased by 4.8 percent last year
Retail sales in the Czech Republic rose 4.8 percent last year, the Czech Statistical Office (CSÚ) said in a statement on Wednesday in Prague. Retail sales growth has been steady...
Read moreRomanian retail sales increased by 7.2 percent last year
Romanian retail sales grew 7.2 percent last year – the Romanian National Institute of Statistics announced oon Wednesday. The increase was mainly due to non-food sales, of which sales increased...
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Israeli scientists plant date palms from two thousand year old seeds in Israel
Israeli scientists planted six date palm trees from the seed from Jesus’ age. Professionals hope to be able to grow a date palm on male-female seeds found in the Judean...
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Euro area private sector’s growth accelerated slightly in January
The year started stronger in the euro area private sector, with economic growth slightly accelerating in January – according to IHS Markit’s Purchasing Manager Indexes. The Eurozone Composite Purchasing Manager...
Read moreUS Import Duties – China halves additional duty on certain US products
China will cut customs duties on certain US products by half – the Chinese state news agency sannounced in a statement Thursday. The measure, which will take effect on February...
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The launch of the new iPhone may delay due to the corona virus
In recent days, a growing number of experts believe that the global role of the Chinese supply companies in the global supply chain will affect the coronavirus companies – mfor.hu...
Read moreKSH: retail sales increased by six percent last year
Retail sales grew by six percent in 2019, according to both raw and calendar-effect adjusted data, after the 6.7 percent of the previous year – the Central Statistical Office announced...
Read moreNielsen: we spent 2.5 trillion HUF in retail in 2019
Hungarians spent nearly 2,500 billion forints in 17,000 business units in 2019, which is a 7 percent increase, compared to the 2018 total annual sales. Sales volume increased by about...
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MNB: household debt increased by 15.6 percent in 2019
Households’ loans increased by 957 billion HUF from last year’s 338 billion HUF to 7,107 billion HUF at the end of last year. It is 15.6 percent higher than a...
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Retail sales in the euro area declined unexpectedly
In December last year, retail trade volumes in the euro area fell more than expected. It is the largest decline since March 2008, and did not reach the expected growth...
Read moreConsumer price growth in Germany accelerated in January
Consumer prices in Germany rose at an accelerating pace in January, bringing inflation closer to the European Central Bank’s target, but the numbers are still not convincing enough for the...
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Is the planet approaching “peak fish”? Not so fast, study says
Global fish production will continue to expand over the next decade even though the amount of fish being captured in the wild has levelled off and aquaculture’s previously explosive growth...
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AM: Hungary received 360 billion HUF in support of the food industry development between 2014 and 2020
The Hungarian food industry received more than 360 billion HUF in support between 2014 and 2020, and the next seven-year development plan of the agricultural ministry will pave the way...
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Three quarters of the households do not feel financially stronger despite real wage growth
In a survey sent to MTI on Tuesday, GKI notes that between 2014 and 2019, nominal earnings increased by more than 60 percent and real earnings by almost 50 percent....
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All detergents tested by ITM were compliant
All 19 detergents that have undergone consumer protection testing by the Ministry of Innovation and Technology’s (ITM) chemical laboratory have met the specifications. According to an ITM announcement published on...
Read moreSufficient quantities of spring cereal seed this year
The Seed Association Interprofessional Organization and Product Board announces a net price of 105 thousand HUF for spring barley and spring oats II grade reproductive seeds. According to the organization,...
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The Fény Street Market is in trouble
The 2nd District Municipality gathers the opinions of the locals on the Internet and in public forums on what the fate of the Fény Street Market should be – hvg.hu...
Read moreGDPR: more fines, but there are still few well-prepared organizations
The total amount of GDPR fines imposed on companies operating in Hungary exceeded 140 million forints. Most companies violate the principle of personal data processing, which has been penalized 58...
Read moreUS economic growth rate was lower than 3 percent last year
The Trump administration did not reach the 3 percent growthtarget for the US economy last year as corporate investment declined even more amid trade tensions. The Department of Commerce’s statistical...
Read moreE-commerce in Romania increased by 22 percent last year
E-commerce in Romania grew 22 percent last year to 4.3 billion euros, according to a report published on Tuesday. It is estimated that last year Romanians made an average of...
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Magazin: We shouldn’t turn our backs on plastics
According to Miklós Nagy, secretary general of the Hungarian Association of Packaging and Materials Handling (CSAOSZ), lots of negative information has been circulating in the media about packaging, especially plastic...
Read moreAccording to GKI, the economy may grow by 3-3.5 percent this year
The Hungarian economy expanded last year at around 5 percent, one of the fastest in the European Union. Overall, the October-November data do not yet indicate a slowdown, but the...
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Analysts: earnings outperformed expectations
Earnings surpassed expectations last November, according to analysts interviewed by MTI, and this year is likely to be above 9 percent. Horváth András, senior analyst at the Savings Bank, emphasized...
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Food producer prices have risen well above the average
In December last year, industrial producer prices increased by 2.4 percent year-on-year – the Central Statistical Office (KSH) announced on Monday. Domestic sales prices increased on average by 3.3 percent,...
Read moreThe Purchasing Manager Index decreased in January
The seasonally adjusted January Purchasing Manager Index (PMI) became 52.5. It is lower than the 53.9 of December and it is the fifteenth highest since January 1995, the Hungarian Logistics,...
Read moreGerman retail trade union urges constitutional amendment due to Sunday closing rules
The German constitutional law needs to be amended because of the regulation on Sunday store closure – the head of the Handelsverband Deutschland (HDE) told on a Friday. While online...
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