Market News

AM Minister of State: Hungary plays an active role in the UN’s world food cooperation

Hungary supports the FAO’s objectives, as evidenced with its multi-year cooperation, as well as with ongoing projects and scholarship programs – the parliamentary Minister of State of the Ministry of...

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Hungexpo: arrival to the 21st century

Hungexpo’s revitalization program began in Budapest with the foundation stone laying. Existing pavilions will be renovated and upgraded from net 55 billion HUF until 2021. In addition, two new exhibition...

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The municipality is building a new market in Tata

The municipality will begin building a new market hall from 350 million HUF to help local producers gain access to the market – Tata’s mayor told MTI on Monday. Michl...

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Consumer sentiment in the United States improved in September

According to the monthly survey by the University of Michigan, consumer sentiment in the United States improved in September, indicating that despite increasing uncertainty, consumers are optimistic and continue to...

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Euro-area inflation declined in September

The fall in consumer price increase was lower than expected, mainly due to lower September consumer price growth in the euro area, according to a preliminary report released on Tuesday...

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Magazine: Retail technology in 2040

According to Michelle Evans, head of digital consumer research at Euromonitor International, the digital world has changed things: e-commerce has broken the monopoly of large brands and retailers, making it...

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Nagy István: national and EU funds contribute to the competitiveness of the pig sector

Almost 18.9 billion HUF will be available in this year’s budget to support additional animal welfare commitments for pig farmers, which will contribute to the competitiveness of the pig sector...

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The yields of autumn-harvested plants are favorable

Autumn crops have promising good yields, and harvesting has begun on time – the Ministry of Agriculture (MTI) announced on Monday. According to the announcement, the crop area of maize...

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The Rabbit Interbranch Organization and Product Council was acknowledged as an interprofessional organization

The Ministry of Agriculture has acknowledged the Rabbit Interbranch Organization and Product Council as an interprofessional organization. Feldman Zsolt, Minister of State of the Ministry of Agriculture (AM), haded over...

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Employment may peak

Employment may have peaked, and further expansion may be hampered by labor shortages, especially in an uncertain global market environment – analysts told MTI in response to employment and unemployment...

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High quality grapes are expected in the Szekszárd wine region

They expect high-quality grapes in the Szekszárd wine region, where the harvest of white grapes is nearing its end, and the yield of some vineyards exceeds last year’s quantity. The...

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Nébih: swine fever infection in dead feral pigs in Pest county

African swine fever (ASF) virus has been detected in five wild boars, found in the fenced-off hunting area of the Budakeszi Forestry – the National Food Chain Safety Authority (Nebih)...

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The economic sentiment in the euro area and in the EU deteriorated in September

More than expected, the economic sentiment in the euro area deteriorated to near its five-year low in September, according to the survey of the European commission. The Economic Sentiment Indicator...

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Consumer spendings in the United States rose slightly in August

US consumers have made more savings and have just increased their spending in August, but rising incomes suggest that the tightness may not last long. The Washington Department of Commerce...

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Magazine: Generation Y is coming – and they want everything at once

As the purchasing power of Generation Y – consumers born between 1980 and 1995 – is growing, various aspects of sustainability are becoming more and more important. So that FMCG companies...

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KSH: full agricultural census next summer again

Next summer, the Central Statistical Office (KSH) will conduct a full agricultural census. The aim of the Agricultural Census conducted every ten years is to give a realistic, objective picture...

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AM: Hungarian pálinka needs to be marketed at the world market

It is an important goal to market the best Hungarian pálinkas in the world’s leading markets- Zsigó Róbert Minister of State of the Ministry of Agriculture (AM) said at the...

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34,000 more have worked in the last three months than a year ago

In June-August, 34,000 more people were employed than a year earlier, with the average number of employees rising to 4 million 517,000, the Central Statistical Office (KSH) announced on Friday....

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The agricultural ministry focuses on drought prevention tasks

Instead of dealing with drought damage, after the damage happened, the focus should be on prevention-related tasks – emphasized Feldman Zsolt, Minister of State of the Ministry of Agriculture at...

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EOS: Hungarians pay 78 percent of the bills on time

78 percent of bills are paid on time by Hungarian clients, 18 percent are settled late and 4 percent are never paid at all, which is consistent with last year’s...

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China buys American agricultural products

Chinese companies have bought agricultural products from the United States, and Beijing is in talks with Washington to prepare for the next round of bilateral trade talks in October –...

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The Milk Product Council launches a TV campaign: Choose domestic and reduce your ecological footprint

Hungarian milk and dairy products are known to be of high quality, yet, according to the calculations of the Milk Product Council, Hungary imports milk with about 12,000 trucks a...

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Mastercard: adventure gifts gaining popularity for Christmas

According to a Mastercard’s survey, 8 percent of the Hungarians start Christmas shopping in September, with nearly one in two adults shopping for the holidays in November. This is due,...

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ITM: action against product presentations that were misleading the customers was successful

Action against misleading product presentations was successful; As a result, the number of complaints has fallen to a fraction: only two were received, compared with an average monthly 43 in...

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GfK: German consumer sentiment index improved

Instead of the expected stagnation, the Nuremberg-based GfK Economic Research Institute’s German consumer sentiment index rose slightly in October, while consumers’ willingness to buy and economic expectations improved, but their...

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GKI: Forecast for 2019-2020

The Hungarian economy grew by 4.9 per cent in the second quarter of 2019, faster than expected. This was the highest growth rate in the EU. However, the slowdown, if...

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Magazine: Sustainability in business and everyday life

According to a recent online survey by Nielsen, consumers all over the world are the most concerned about air and water pollution. At a global level, 73 percent of consumers would...

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New brands testify the excellence and environmental friendliness of the products

The Hungarian Product Nonprofit Ltd. has created new trademarks to certify product excellence and eco-friendliness, while Hungarian manufacturers can apply for the Excellent Product and Eco-labels – MTI announced on...

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Financial research may continue to hold the momentum of the economy next year

According to the latest analysis of the Pénzügykutató Zrt., the momentum of the economy may continue next year, but the growth rate will decline from the 4.7 percent of this...

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Minister of Agriculture: farmers must be supported to be able to handle climate change well

Minister of Agriculture Nagy István pointed out at the meeting of EU agriculture ministers that farmers should be protected and supported in order to be able to respond adequately to...

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