Market News
LG partners with Microsoft to accelerate an automotive revolution
LG Electronics (LG) and Microsoft entered into a memorandum of understanding to enhance and further grow LG’s autonomous vehicle and infotainment system business. Under the terms of the partnership, LG...
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Reál is the most popular store in the online space
During the festive season, there was a lot of news about shopping rushes, full shopping malls, practically completely looted department stores and shops. Photo: AFP, Világgazdaság Online And data from...
Read moreFAO: food prices rose to a five-year high in December
For the third consecutive month in December, world food prices have risen to a five-year high, mainly due to higher prices of vegetable oils. The December price index of the...
Read moreBeekeepers’ Association: beekeepers have not closed a good year
Beekeepers have not closed a good year. Prices are depressed and last year’s yield has been moderate – Bross Péter, president of the National Hungarian Beekeeping Association told M1 news...
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A Hungarian school canteen is experimenting with meat-free meat
Recently, 265 children received meat-free Bolognese spaghetti made entirely from pea protein instead of meat – origo reports after Napidoktor.hu. Although meat-free meat is not an unknown concept in Hungary...
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Euro area unemployment rate stagnates at eleven-year low
The euro area unemployment rate stagnated in November at its eleven-year low – according to a Eurostat report released Thursday. The unemployment rate in the European Union has been at...
Read moreThe Chinese also confirmed that the US-China trade sub-agreement will be signed next week
Chinese Deputy Prime Minister Liu Ho will travel to Washington on 13 January for a three-day visit to Washington, where he will sign a partial deal to resolve the US-China...
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World food prices continue rising in December
World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in...
Read moreThe recovery in retail sales is a good sign for GDP growth
Retail sales revival in November is a good sign of last year’s fourth-quarter GDP growth, analysts said in a statement, commenting on the report of the Central Statistical Office (KSH)...
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Analysts: earnings growth barely slowing this year
Analysts told MTI that they expect to see slightly lower earnings growth than last year, with government measures likely to play a bigger role than before. According to a report...
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KSH: The value of exports and imports decreased slightly
In November last year, the value of exports in euro terms decreased by 0.1 percent and the value of imports in euro terms decreased by 0.8 percent year-on-year, with the...
Read moreKSH: industrial production increased, the food industry performed above average
Industrial production rose 3.6 percent in November last year from a year before. According to working-day adjusted data growth was 5.7 percent – the Central Statistical Office (KSH) announced on...
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All schools in the country are eligible for cashless payment
Pupils’ financial awareness can be strengthened by the fact that all schools in the country can benefit from cash-free services, said the Deputy Minister of State of the Ministry of...
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Retail sales in the euro area increased
In November, retail sales in the euro area grew much more than expected on a monthly and yearly basis. The European Union’s statistical office, Eurostat announced on Tuesday that seasonally...
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Already, 1500 billion has been paid to Hungary’s largest urban development program
More than 1500 billion HUF have been disbursed so far in the framework of the Modern Cities Program for the comprehensive development of 23 cities (with county rights), including 1050...
Read moreGlobal warming can boost agricultural production in Siberia
Climate change will enable maize and soybean production in Siberia. By the middle of the decade, Russian farmers will be able to grow corn and soy in this part of...
Read moreEmployment in the United States increased more than expected in December
The non-agricultural US employment growth in December became better-than-expected, reaching its eight-month peak – according to a report released on Wednesday by the ADP Labor Data Processing Institute. According to...
Read moreRetail sales continued to pick up
According to raw data, retail sales in November last year were 6.8 percent higher than in the same period of the previous year. Calendar effect adjusted the growth was 7.3...
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New changes in the Hungarian Food Book
The expected tightening of the Hungarian Food Book has brought the expected results, so this year’s product ranges are expected to be revised. According to the National Food Chain Safety...
Read moreAM: support for beekeepers and utility pigeon holders will increase significantly this year
The Ministry of Agriculture (AM) has significantly increased its support for beekeepers and utility pigeon keepers. The support available for maintaining the health of the bee will increase from five...
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The number of employees continued to increase
In the three-month period of September to November last year, the average number of employed was 4 million 517 thousand 23,000 ie 0.5 percent more and the employment rate of...
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The Banking Association is committed to an instant payment system
The Hungarian Banking Association is committed to the success of the instant payment system, which will bring a new era of payment to the economy, but in order to make...
Read morePolice discovered 250 online scams in eleven days
The Hungarian police took part in an international campaign focusing on online product purchases last fall, which revealed 250 online scams worth 41.5 million forints in eleven days, the National...
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According to a survey, the proportion of youth saving has increased by more than half in ten years
In ten years, the proportion of saving young people has increased by more than half. According to a K&H group survey of start-ups, 19-29 year olds, their average savings increased...
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Inflation accelerated in the euro area
It accelerated to a six-month peak, but still lagged behind the inflation target in consumer price growth in the euro area in December, according to a flash estimate of the...
Read moreRomanian retail sales increased
In the first eleven months of last year, Romanian retail sales increased by 7 percent, compared to the same periodof last year – the Romanian National Institute of Statistics announced...
Read moreChina does not increase its import quotas for cereals
China will not increase its import quotas for cereals, which could make it difficult to comply with a sub-agreement expected to be signed next week to close the US-China trade...
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KSH: rise in earnings continued
In October last year, average gross earnings were 365,100 HUF, 11.6 percent higher than a year before. Excluding public employment, gross average earnings increased by 11.2 percent to 375,300 HUF....
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The winemakers expect a good vintage
In the Villány wine region, the 2019 harvest was good in terms of quantity and quality – the secretary of the 2,500-hectare vineyard area told MTI. According to Nagy Gergely,...
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