Market News
Consumer confidence in the euro area improved in September
Consumer confidence in the euro area and in the European Union improved in September, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN)....
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Swiss watch exports increased
Switzerland’s watch exports grew in August on a yearly basis, at a similar rate to July. The Swiss watchmaking association announced that its August exports amounted to 1.522 billion francs,...
Read morePublic Procurement Authority: last year 7 percent of all public procurement was linked to the agricultural sector
Almost 7 percent of all public procurement last year was attributable to the agricultural sector – Rigó Csaba Balázs, President of the Public Procurement Authority told M1 news channel. The...
Read moreThe agricultural machinery market continued to expand in the first half of the year
After the record of previous years, the agricultural machinery market continued to expand in Hungary in the first half of the year; farmers and agricultural entrepreneurs bought new machinery for...
Read moreThe OECD has downgraded its global economic growth forecast
The OECD has lowered its earlier forecast of growth in the world economy this year to the lowest level since the financial crisis of 2008-2009, due to growing trade conflicts...
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Nébih: high levels of formaldehyde dissolution from a Chinese coffee mug were measured
The Polish authority measured high levels of formaldehyde dissolution from a Chinese cup of melamine-containing bamboo fiber. The product was also shipped to Hungary. The National Food Chain Safety Authority...
Read moreFor the first time in ten years, IATA has seen a decline in air freight worldwide
“For the first time in ten years, the volume of air cargo worldwide will decline this year, with significant yield reductions, but the industry is flexible enough to survive this...
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At LG Future Talk Powered by IFA, LG Shows How AI Can Make Anywhere Feel Like Home
At a panel talk event to kick off IFA 2019 in Berlin, Dr. I.P. Park, president and Chief Technology Officer of LG Electronics, shared the company’s vision for an AI-powered...
Read moreRetail sales growth accelerated in the Czech Republic
In July, retail sales growth in the Czech Republic accelerated to seven percent. In June, the figure was 4.8 percent – the Czech Statistical Office announced in Prague on Thursday....
Read moreOpten: production figures of domestic companies is improving
According to Opten, corporate finance reports for 2018 show a fundamentally positive picture of the Hungarian economy, with a significant increase in the productivity of companies based on revenue per...
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Farmers in Zala County expect a good harvest
In Zala County, 6500 hectares of sunflower, 29 551 hectares of corn, 5354 hectares of soybean and 140 hectares of sugar beet are expected to be harvested in the autumn....
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Tours to promote wine gastronomy and values in the Villány region
Sports, culture, gastronomy and wine enthusiasts will be welcomed to the Villány wine region on Saturday during a tour at the Vintage Rolling Dunes – the organizers informed MTI. Organized...
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The food and beverage vending machine market is expanding
The automatic operators exchange machines, but they are also constantly asking for the equipment to be relocated and to stop operating – Világgazdaság Online wrote. . There is considerable movement...
Read moreITM: the number of young people completing IT training should be increased
The number of young people completing IT trainings needs to be increased – the Deputy Minister of State of the Ministry of Innovation and Technology told M1 news channel on...
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The village economist office in Kunszentmiklós was renewed
The renovated village economist office in Kunszentmiklós was handed over to help nearly eight hundred farmers in the area – the National Chamber of Agriculture (NAK) told MTI on Wednesday....
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Used cooking oil is collected at home in Kaposvár from the end of the year
Kaposvár will be the first in Hungary to introduce the recollection of used cooking oil for home use by the end of this year – Mayor Szita Károly (Fidesz-KDNP) told...
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Annual inflation in the euro area was stagnant in August
The pace of year on year consumer price increase was stagnant in the euro area in August. According to the final figures released by the European Union Bureau of Statistics...
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Magazine: Is there a straight road leading to the circular economy?
The Federation of Hungarian Food Industries (ÉFOSZ) celebrated its 30th anniversary by changing its name to Federation of Responsible Food Manufacturers (FÉSZ). They did this to symbolically reinforce the fact the...
Read moreNagy István: The support of agricultural investments is expanding
A new interest subsidy facility and an expanded guarantee program will boost agricultural investment – the Minister of Agriculture announced in Budapest. Nagy István said that the ministry will provide...
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Nébih found deficiencies in markings on ketchups
Minor or major labeling deficiencies have been found by the National Food Chain Safety Authority (Nébih) on ketchups, while the products have passed the tests in terms of food safety...
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Resistant seeds will become more sought after due to climate change
Although Hungarian farmers are still looking primarily for plant varieties with higher yields and good quality, in the long run, demand may shift towards seeds that are more tolerant of...
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Less ambitious investor sentiment in Germany and in the euro area
Compared to August, investor sentiment in Germany and the euro area was less pessimistic in September – according to a survey released on Tuesday by the Mannheim-based ZEW Economic Research...
Read moreFive thousand boxes of cigarettes were found in a German license plate truck
Five thousand boxes of cigarettes were found in the chassis of a German license plate truck by the finance officers of NAV, during an inspection on the Vas County section...
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Dietitian: in addition to vegetables and fruits, we also need animal protein
About one-quarter of the daily diet should be animal protein – Antal Emese, a nutritionist told M1 news channel. The dietitian said that the recommendation was to consume four to...
Read moreConsumer sentiment improved in the United States in September
Consumer sentiment improved in the United States in September – according to the monthly survey of the University of Michigan – indicating that despite increasing uncertainty, consumers are optimistic and...
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Magazine: Flours for cakes and other baked goods
The end of the year represents a high season in the flour market too. Ákos Ferenczik, marketing manager of GoodMills Magyarország Kft. told our magazine that sales of cake flours...
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Amazon Fresh debuts in India
Amazon India has launched its fresh grocery delivery business in India. Operating under the Amazon Fresh banner, Indian shoppers now have access to more than 5,000 items in categories such...
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Reverse vending machines are successful in Iceland stores
In five Iceland stores the retailer has recycled more than 1 million plastic bottles since May 2018 via five reverse vending machines. The machines issue 10-penny vouchers to shoppers in exchange...
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Online retail sales exceeded 200 billion forints in the first six months
Like-for-like online retail sales jumped 16.4 percent in the first half of 2019 and represented a value of HUF 207.5 billion. Interestingly, despite this record sum the sector is expanding slower...
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European cooperation for cashless payment
Mastercard and mobile Point of Sale (mPOS) solutions company SumUp intend to increase the number of points where bank card payment is possible in Europe in the next 5 years. Ferenc...
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