Market News
VAT on feminine hygiene products can be reduced in Germany
VAT on women’s hygiene products can be reduced in in Germany – the Federal Parliament (Bundestag) approved a proposal on Thursday. Legislation on the reduction of VAT on menstruation-related products...
Read moreConsumer sentiment in the United States improved in November
In the United States, consumer sentiment improved slightly less than expected, reaching a four-month peak in November, according to the University of Michigan’s survey. The November University of Michigan consumer...
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Magazine: Strong brands among meat-based spreads
Values sales are growing in the meat-based spread category, while volume sales are decreasing a little. Annual sales are around 9,230 tons and according to Pick Szeged Zrt.’s interim marketing...
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The European Commission has revised its forecast for the Hungarian economy this year
The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth, according to which economic growth is expected to be 4.6 percent this year, the third...
Read moreNagy István: Investment in the agricultural economy has grown significantly in recent years
Last year, Hungarian farmers spent 355 billion forints on development, 11 percent more than in 2017 at unchanged prices – Nagy István, Minister of Agriculture said at a conference on...
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NAK: the European Fresh Adventures campaign reaches over one million people
The National Chamber of Agriculture (NAK) has called the attention of more than one million families to the importance of eating healthy foods and vegetables in the second year of...
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November 7 is World Merlot Day
World Merlot Blue Grape Day is November 7. It is now celebrated for the ninth year. With its fruity taste, which is also very popular in Hungary, many wine lovers...
Read moreThe strengthening of the digital economy could increase GDP by 4,000 billion HUF in 2023
The rapid introduction of new technologies in the digital economy (5G, IoT, MI, blockchain) would increase Hungarian GDP by 4,000 billion HUF by 2023, according to a survey by the...
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The Santa Claus Factory awaits the donors from 29 November
The Millenáris Park will also open its doors this year to the central location of the Santa Claus Factory, where from November 29 to December 21, durable food products, cleaning...
Read moreThe VIZEK system was introduced at a professional event
The legal background needed for the operation of the Agricultural Water Use Information and Control Framework (VIZEK) was presented at a professional event at the Ministry of the Interior (BM)...
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AM Minister of State: the ice mitigation system protects the country from damages worth tens of billions
Due to the operation of the soil generator ice mitigation system, the expenses paid by the Compensation Fund for ice damage were reduced by 1 billion HUF and it protected...
Read moreA cigarette smuggler’s criminal gang was found in Szabolcs
About 25 million HUF worth smuggled cigarettes, technical equipments and vehicles were seized in Szabolcs-Szatmár-Bereg county by the National Tax and Customs Administration (NAV) – the authority’s spokesman told MTI...
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St. Martin’s Day traditions are popularized by the Hungarian Tourism Agency
The St. Martin’s Day tradition is being promoted by the Hungarian Tourism Agency (MTÜ) in its new campaign, which invites tourists for gastronomic adventure and domestic exploration of goose dishes...
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FAO: October rise for global food prices
Global food prices rose in October for the first time in five months, as international quotations for sugar and key cereals increased significantly, according to the Food and Agriculture Organization...
Read moreKSH: retail sales increased by 5.8 percent in September
In September, the retail sales calendar effect adjusted increaased by 5.8 percent year-on-year. According to the raw data, the growth was 6.3 percent – the Central Statistical Office (KSH) announced...
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This year we will spend nearly 50 thousand HUF on Christmas presents
With just one and a half months left until Christmas, the festive rush of commerce is approaching, which – traditionally – will be opened in Hungary on Black Friday. The...
Read moreITM’s new SME strategy is helping Hungarian businesses to restructure their economies
The recently completed SME Strategy for 2019-2030 will help the Hungarian micro, small and medium-sized enterprises in restructuring their economic – György László, Minister of State of the Ministry of...
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Tokaji is also included in the EU agreement with China on the protection of geographical indications
The name Tokaji is also included in a bilateral agreement between the European Union and China on the protection of geographical indications containing one hundred European and one hundred Chinese...
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Retail sales in the euro area were more favorable than expected in September
Retail trade turnover in the euro area increased more than expected in September, on an annual basis, indicating that household consumption continues to support economic growth. The European Union Bureau...
Read moreInvestor survey: trade war is the biggest global economic risk
According to a recent survey, the global institutional investor community continues to view trade wars as the greatest risk to the global economy and also considers the risk of a...
Read moreThe rate of increase in consumer prices in the OECD countries slowed down in September
In the Organization for Economic Co-operation and Development (OECD) member states, the lowest inflation rate occured in September, since November 2016. It was 1.6 percent, after the 1.9 percent of...
Read morePremium meat is already produced in the slaughterhouse in Mohács
One million pigs a year are processed in the Mohács plant of the MCS Vágóhíd Zrt., which produces premium quality meat products for two and a half years an provides...
Read moreApiculture association: about 550,000 tonnes of honey is consumed each year in the European Union
Almost one-third of the world’s honey production, about 550,000 tonnes of honey is consumed a year in the European Union (EU), but EU beekeepers can produce only half of it,...
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AM: sunflowers achieved a record yield for this year
Harvesting sunflowers has reached a historic record of 3.01 tonnes per hectare at the end of October – the Ministry of Agriculture told MTI on Tuesday. The yield per hectare...
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Minister of State for Rural Development: the government spends significant resources to improve the quality of life for farmers
The government is spending a significant amount of its budget and EU funding to improve the quality of life of people living on farms – the Minister of State of...
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October euro area inflation declined
The annual rate of increase in consumer prices in the euro area in October was lower than in the previous month, mainly due to lower energy prices. The European Union’s...
Read moreThe rainy weather in Zala County helps the harvest and the development of sowing
In Zala County, rainy weather makes harvest idifficult, but rainfall helps plant crops – the county president of the National Chamber of Agriculture (NAK) announced on Monday. Almost 60 percent...
Read moreMLBKT: Purchasing Manager index increased in October, but shows slight increase
The Seasonally Adjusted Purchasing Manager Index (PMI) for October was 51.9 points, according to respondents reporting better overall performance than last month, the Hungarian Logistics, Purchasing and Inventory Company (MLBKT)...
Read moreDigitalisation is the key to future workplaces
One of the most important corporate trends today is digitalization. Technology solutions are playing an increasingly important role in the implementation of both business and HR strategies. It does not...
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