Market News

Nagy István: agriculture provided more than half of the national economy’s foreign trade surplus in the first half of the year

The Hungarian agricultural economy has undergone spectacular development in recent years, and its productivity and profitability have also increased significantly. Thanks to this, every year it makes a significant contribution...

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Coface: the Central and Eastern European GDP may expand by 3.6 percent this year and 3.2 percent next year

GDP in Central and Eastern Europe is growing at a slower rate than last year, with GDP rising 3.6 percent this year and 3.2 percent next year – according to...

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Milk Product Councils: the costs of dairy farmers are increasing

The Intergovernmental Organization for Milk and Product Council has repeatedly stressed the importance of resolving the tensions between dairy farmers and retailers. In the domestic context, the increasing inflation and...

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An illegal pálinka maker was found in Baranya

Hundreds of liters of distillate and thousands of liters of mash, as well as high-volume pálinka making machines were found by the National Tax and Customs Administration (NAV) in an...

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Investor sentiment in the euro area improved slightly

Investor sentiment in the euro area has improved slightly, according to a study released on Monday by the Berlin-based Sentix Economic Research Institute. The monthly Sentix survey was made with...

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Consumption has become the new mantra in the Chinese economy

Chinese leadership wants to boost economic growth primarily through boosting domestic consumption – origo wrote. But there are still serious limitations to this, despite Chinese consumers contributing significantly to GDP...

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Coffee cures a rare disease

The effectiveness of two espressos per day was confirmed by a random test: the coffee eliminated by the coffee the symptoms of a rare, hereditary, incurable disease of 11-year-old French...

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European Commission: Hungary’s digital development has improved

According to DESI’s 2019 data showing the development of the digital economy and society, Hungary’s performance over the past few years has improved at a pace similar to the EU...

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AM launches a wine promotion program with a budget of 3.5 billion HUF

The Ministry of Agriculture plans to launch a 3.5 billion HUF wine promotion program to support the sale of quality wines, Feldman Zsolt, Minister of State of the Ministry of...

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KSH: Exports and imports rose by 7.6 percent in July

In July, exports and imports both rose 7.6 percent year-on-year, and foreign trade surplus became 276 million euros, 19 million euros higher than a year before – the Central Statistical...

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ITM: special attention to be paid this year on students’ consumer awareness again

The Ministry of Innovation and Technology (ITM) will continue to focus on providing students consumer protection knowledge this school year. The Ministry is launching its “Consumer Awareness School” competition for...

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More than 7,300 young people start their education in the institutions of the Ministry of Agriculture

“More than 7,300 young people start their education in the institutions of the Ministry of Agriculture” – the Ministry of Agriculture told MTI. “The school system, which responds to the...

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Ten million eggs that wouldn’t make a chick

Bloomberg reports on an unusual government idea from Indonesia. Jakarta would force record-low poultry meat prices to rise by recommending the destruction of eggs to the poultry farmers – origo...

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Growth in the euro area private sector picked up but remained modest in August

Growth in the private sector of the euro area increased but remained modest in August, after the service sector was only partially able to offset the decline in manufacturing performance...

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The euro area faces the most pessimistic investor sentiment of the past five years

Investor sentiment in the euro area fell to the lowest value of the past five years, according to a study released on Monday by the Sentix Economic Research Institute in...

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Labelling issue solved by Brewers of Europe

A few years ago, UNESCO added Belgian beer culture to its list of Intangible Cultural Heritage of Humanity. It highlighted how deeply this culture is embedded across Belgium’s towns and...

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Magazine: Mixed strategies to get satisfaction

‘Marketing and psychology’ was the title of the presentation László Mérő, professor of mathematics and psychology at ELTE in Budapest and Babes-Bolyai University in Cluj-Napoca, gave at the June meeting...

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Analysts: the rise in wages lays the foundations for retail sales growth

In July, after two months of modest growth, retail business turnover increased dynamically again. The double-digit wage growth predicting continued sustained growth in consumption and retail, thereby remaining an important...

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There are online advertisements that are welcomed by Hungarian consumers

NetADclick, an online advertising specialist, has surveyed the growing popularity of vegan cosmetics. Well-positioned, informative advertisements are even enjoyed by members of the group – according to a survey of...

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European Commission: VAT losses has been reducing in EU countries for years

The difference between the calculated and the actual amount of VAT collected has been decreasing for years, reaching 137 billion euros in EU countries in 2017 – the European Commission...

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Meat is very expensive in Switzerland

Switzerland is rich – but food costs almost 70 percent more than the EU average – privatbankar.hu wrote. Not to mention meat: its average price is 2.3 times the EU...

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Employment growth in the United States was stronger than expected in August

Employment growth in the United States was much stronger than expected in August – according to data released on Thursday by the ADP Labor Data Processing Institute. The Automatic Data...

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FAO: World food prices dip in August

Global food prices declined in August, driven by sharp falls in the prices of staple cereals and sugar, according to a report issued today by the Food and Agriculture Organization...

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KSH: retail sales growth accelerated further

According to the raw data, retail sales grew 6.9 percent in July, while calendary effect adjusted by 6.4 percent, compared to the same period of the previous year, following the...

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Nébih: The summer seasonal food chain inspection ended with mixed experiences

The summer seasonal food chain inspection ended with mixed experiences: during the inspection of 4,307 establishments and nearly 12,000 products, more than 34 tonnes of food products were withdrawn and...

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Nébih: African swine fever infected area expanded further

The area infected with African swine fever (ASF) has been further expanded in Hungary, with measures primarily affecting game farmers, the National Food Chain Safety Authority (Nebih) published on its...

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Mangalica meat is popular in Japan

Although the consumption of mangalica meat is increasing in Hungary, Hungarian mangalica meat is still more popular abroad than in Hungary – index quotes the communication of the National Association...

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One of the main goals of the government is to produce better products in the food industry with increasing processing

One of the government’s key goals is to produce better quality products in the food industry with ever-increasing processing – the Minister of State of the Ministry of Agriculture (AM)...

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Plant health regulations will be tightened from December

The plant health regulations, which affect every traveler from abroad, will be tightened from 14 December – the National Food Chain Safety Authority’s (Nebih) draws attention on its website. The...

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Romanian retail sales increased by seven percent

Romanian retail sales grew 7.1 percent in the first seven months of this year, compared to the same period of last year – the Romanian National Institute of Statistics announced...

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