Market News
Retail sales in the United States grew faster than expected
Retail sales and hospitality sales in the United States increased more than expected for the fifth consecutive month, indicating that consumer confidence is driving economic growth with continued unabated spending....
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Market capitalization of the 100 largest companies in the world breaks record
PwC’s Global Top 100 Survey has risen to a record of 21,000 billion USD for the world’s top 100 listed companies. In the one-year period from April last year, the...
Read moreAnalysts: GDP growth outperformed expectations in the second quarter
The second quarter GDP growth has outperformed market expectations. Analysts interviewed by MTI are expecting faster growth for the year as a whole than the government and the central bank....
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UN: food waste has huge costs and is a major contributor to climate change
According to the United Nations, food waste is one of the largest contributors to global climate change, equivalent to 4.4 gigatons of carbon dioxide emissions per year and generating additional...
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The Minister of Agriculture Organic material supply of soil is essential
Nagy István, Minister of Agriculture said on Saturday in Nyíregyháza, Szabolcs-Szatmár-Bereg county that soil is a treasure that it is a “finite commodity” and will never be more of it,...
Read moreThis year more wheat and rapeseed were grown in Zala County
This year more wheat and rapeseed were grown in Zala County than last year, averaging over one tonne of wheat per hectare last year – the county president of the...
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AM: dry product manufacturers can apply for support by August 30
The application for cost support will be extended by two weeks for shipment producers, who will then be able to record the required document on the surface of the Hungarian...
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NAV seized fake perfumes and cosmetics in Budapest
Large quantities of fake branded perfumes, sunglasses, cosmetics and loudspeakers were seized by the National Tax and Customs Administration (NAV) in Budapest, causing damage to rightholders of nearly one billion...
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Industrial production in the euro area declined more than expected
According to a report released on Wednesday by the Statistical Office of the European Union (Eurostat), industrial production in 19 euro area countries fell by 2.6 percent year-on-year, with a...
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Magazine: Where promotions are hunting for shoppers
In Slovakia the top grocery retailers are Tesco, Lidl, Kaufland, Billa and Metro. This was one of the many interesting things that we could learn at the Slovakian retail congress –...
Read moreKSH: GDP increased by 4.9 percent in the second quarter
Hungary’s gross domestic product (GDP) grew by 4.9 percent in the second quarter and by 5.1 percent in the second quarter, according to seasonally and calendar-adjusted and balanced data, compared...
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AM: Cattle breeders may apply for new support
The Ministry of Agriculture (AM) is launching a new support program to raise production efficiency in the beef cattle and buffalo sector, as well as the genetic quality of the...
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The Agricultural Research Center will receive 260 million HUF a year for three years
The National Center for Agricultural Research and Innovation (NAIK) receives 260 million USD a year in funding for three years, and the institution received funding under the Thematic Excellence Program...
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Hungarian Confectionery Manufacturers on Palm Oil
Palm oil issues have aroused considerable interest and have been the subject of serious debate recently. The confectionery industry is aware that current palm oil management raises important issues. Because...
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Eight to ten tons of waste were picked from the Upper Tisza within the PET cup
Eight to ten tons of waste from the Upper Tisza between Tivadar are Záhony were decontaminated this year by participants of the PET Cup – the organizers announced on Wednesday....
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Cofidis: those who plan to raise up children consider infancy, those who already have children consider the young adult period to be cost the most
The Cofidis Credit Monitor survey is conducted four times a year by the NRC Marketing Research and Consulting Ltd. on a sample of 500 persons online. The data are representative...
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Children in need receive a free school pack
Children from cumulatively disadvantaged families will receive a free pack of school supplies for school start-up – the state secretary for social affairs at the Ministry of Human Resources announced...
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KSH: the rise in agricultural producer prices accelerated further in June
In June, agricultural producer prices increased by an average 10.5 percent, compared to the average of the previous year. The annual increase in crop and horticultural products jumped from the...
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Three times as much mineral water is consumed as an average day
Hungarian supermarket chains sell three times as much mineral water in the heat of the day as on an average day – origo wrote after Világgazdaság. The magazine’s retail outlook,...
Read moreAutumn cereal seeds can become more expensive
The price of autumn cereal seed may increase slightly, among other things due to rising production costs – according to the forecast of the Seed Association Interprofessional Organization and Product...
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Magosz expects more than 600 tons of wheat to be donated to the Bread of the Hungarians program this year
So far, some 400 tons of wheat has been collected in Hungary under the Bread of the Hungarians in the Carpathian Basin program. The wheat was donated by farmers to...
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Fungal infections can kill Colombian bananas
Slowly, humanity seems reach an important juncture: either it is cultivating and consuming a new type of genetically modified banana, or it is giving up banana permanently – Index wrote....
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Investor sentiment in the euro area is on a more than seven-year low
In August, the German and Eurozone Economic sentiment index of the Mannheim-based ZEW Economic Research Institute fell to a 7.5-year low – according to a survey released on Tuesday. ZEW’s...
Read moreConsumer prices in the United States have risen
Consumer prices in the United States rose slightly more than expected in July, but this is likely to alter little in the expectation that the Federal Reserve’s open market committee,...
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Food prices jumped at the European Parliament’s canteen
Officials have filed a formal complaint to the European Parliament in Brussels after experiencing an increase in canteen prices there – hvg.hu wrote after Politico. The price increase is 25...
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Expert: nutritional allergies are growing faster than the respiratory allergies
The number of people affected by nutritional allergies is growing faster than those with respiratory allergies – the chairman of the Association of Home Pediatricians told M1 news channel on...
Read moreThe ancestors of the pigs underwent a complete genetic change after their arrival into Europe
The ancestors of the pigs underwent a complete genetic change after their arrival into Europe – a British study found. According to archeological evidence, the ancestors of pigs were once...
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Startups can profit the most from Brexit
According to Deloitte’s latest venture capital confidence survey in Central Europe, Brexit had a negative influence on investor confidence. Only 7 percent of respondents said they think things will take...
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Magazine: The retail market is changing in Germany too
The cooperatives Edeka and Rewe continue to be very strong and have seen continuous sales growth. Even though discounters account for an overall market share of above 30 percent and represent...
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The demand for higher quality products has made vegetables more expensive
Fórián Zoltán, Senior Agricultural Expert of the Erste Agricultural Competence Center told Világgazgaság about why vegetables have become more expensive this year – origo wrote. The increase in demand for...
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