Market News

Instead of improving, business sentiment in Germany deteriorated in January

Despite the more favorable current environment, the business sentiment index in Germany dropped in January due to a deterioration in the outlook rather than expected improvement – according to a...

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The performance of the euro area private sector remained depressed in January

Eurozone private sector performance has been depressed in January, but there are signs that it has surpassed the worst, as revealed by preliminary Purchasing Manager Indexes for IHS Markit’s London-based...

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GKI’s economic sentiment index started the year with a slight decrease

To a lesser extent than in December, the GKI economic sentiment index continued to decline in January, reaching its lowest level for more than three years. The current contraction is...

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Magazine: Hungarian Grain and Seed Association: Great potential in making organic products

According to Zsófia Pótsa, general secretary of the Hungarian Grain and Seed Association (MGTKSZ), the annual gross production value of the Hungarian milling industry is HUF 97-99 billion. Per capita...

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Last year, AM supported farmers with about 800 billion HUF

Agriculture and rural development subsidies contributed about 800 billion HUF to the sustainable production of Hungarian farmers in 2019 – the Ministry of Agriculture (MTI) announced on Friday. According to...

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Nagy István: the number of producer markets increased by two and a half times

Thanks to government subsidies, the number of local producer markets has increased by two and a half times between 2012 and 2019, from 117 to 298 – the Minister of...

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ÁSZ: the integrity of agricultural schools needs to be strengthened

The integrity of agricultural schools, ie their protection against corruption, should be strengthened, according to the State Audit Office (ÁSZ), whose audits have uncovered a series of irregularities in the...

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MFB launches three new loan programs for SMEs

The Hungarian Development Bank (MFB) Zrt. announces three new loan programs for Hungarian small and medium-sized enterprises – Sipos-Tompa Levente, President and CEO of MFB Zrt. announced at a press...

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Nébih has produced guidelines for the control of bovine tuberculosis

The Nébih has prepared guidelines for controlling bovine tuberculosis. The guidelines are now available on the agency’s website. The development of the guides was justified by the fact that while...

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Consumer confidence in the euro area did not change in January

Consumers’ confidence in the euro area and in the European Union remained unchanged in January -according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG...

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Hungary on Two Wheels will continue

Two young influencers (Szabina Emmer – Blogozine and Palkó Görbe – Serpenyővirtuóz) spent 13 days cycling around Hungary, visiting 13 Hungarian Product trademark users. ‘Hungary on Two Wheels’ aimed at...

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Magazine: Stable raw milk prices, worsening sales results

Zoltán Harcz, managing director of the Dairy Board informed that in comparison with the average of 2010-2011 (1,906 million litres), Hungary’s milk production increased by 15 percent to (1,653 million...

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Analysts at the Savings Bank raised their GDP forecast for this year

Due to easing external risks and strong FDI inflows, Savings Bank analysts have raised their GDP growth forecast from 3.7 percent to 4 percent this year, and expect 3.5 percent...

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The Milk Product Board launched a school campaign

The Milk Product Board has launched a campaign to promote milk consumption in nearly 100 primary schools – the organization announced on Thursday. The “We’ve Got Milk at Home” campaign...

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Domestic onion growers have joined forces to continuously have Hungarian onions on the market

Hungarian onion production has fallen significantly since the change of regime, and with the help of the National Chamber of Agriculture, producers are working together to supply domestic onions to...

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A cooperation agreement has been concluded between the Savings Bank and FruitVeb

The Savings Bank and the Hungarian Fruit and Vegetable Interprofessional Organization and Product Board (FruitVeB) have signed a cooperation agreement at the AgroMash Expo, not only on exchanging information and...

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Employment Service: the number of job seekers has reduced on an annual basis

The number of jobseekers decreased by 2.9 percent in December 2019, compared to the same period of last year. At the end of December, 234,900 jobseekers were registered at the...

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The European Court of Auditors is an effective but not flawed EU SME program

The EU SME support program is effective and innovative progrma but has problems – the European Court of Auditors’ Special Report on the Instrument to support small and medium-sized enterprises...

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Mastercard and the International Ski Association work on the sustainability of winter sports

With the help of a payment technology firm, Kitzbühel, home to the Hahnenkamm competition, will be completely cash-free, and experts say that in the next five years, many ski paradises...

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Trade marketing in 10 years from now

Once again it was in the building of the Budapest Chamber of Commerce and Industry where the year’s last Trade Marketing Club meeting took place in November. One of the...

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Poultry should be kept indoors throughout the country

The national chief veterinarian has ordered poultry to be kept indoors throughout Hungary in order to further reduce the chance of contact with wild birds and thus the risk of...

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Beekeeping Association: agriculture will collapse without beekeepers

Without beekeepers, agriculture will collapse, so the European Union must provide them fair market conditions – the president of the National Hungarian Beekeeping Association told M1 news channel on Wednesday....

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Thirteen thousand children received a gift package from the Food Bank

Thirteen thousand needy children received a gift package during the holidays at the charity program of the Hungarian Food Bank Association – the organizers told MTI. According to the announcement,...

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Last year the sales of electric cars in Hungary increased by more than 40 percent

Last year, dealers sold 1,803 new electric cars in Hungary, which is a record. It is a 41 percent increase over the same period of last year. The majority of...

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Souvenirs depicting the princely couple have been discounted

British shopkeepers have responded with an unprecedented drop in prices to make sure Prince Harry and Meghan Markle break the royal court almost permanently and begin to become independent, thus...

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Hair nourishing at the highest level

According to a survey made by L’Oréal Magyarország, sales in the hair care category augmented by 3.7 percent in value but dropped 4.4 percent in volume in 2019. The company...

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Magazine: The whole world in a mug

According to the Food and Agriculture Organisation (FAO) of the United Nations, global tea production and consumption will grow in the next 10 years. Csilla Solti, commercial manager of Mediline...

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Domestic mineral water and soft drink manufacturers are launching a plastic recycling revolution

The Hungarian mineral water and soft drink manufacturers were the first of the Hungarian food production sectors to make sustainability commitments. The Members of the Hungarian Mineral Water, Fruit Juice...

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New resources can help modernize livestock farms

By the end of March, the Ministry of Agriculture will reopen its rural development program tenders to support the modernization of livestock farms, and the ministry expects the measure to...

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About a hundred wineries can be found on the website of Hungarian Wine

The data of about a hundred wineries can be found on the official website of the Hungarian Wine (bor.hu), which started in December – the wine marketing expert of the...

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