Market News
Earnings continued to grow
In July, average gross and non-discounted earnings increased by 10.7 percent and net earnings, adjusted for discounts, increased by 10.9 percent year-on-year – the Central Statistical Office (KSH) announced on...
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Magazine: Canned food products underwent software and hardware update
According to András Szirbek, marketing director of Bonduelle Central Europe Kft., the main canned food consumption trends are the same in Hungary as in other parts of Europe: sales of...
Read moreNagy István: honey production should be encouraged
Around 20,000 bee-keeping families, 1.2 million bee colonies are living in Hungary. About 20-25,000 tonnes of honey are produced a year in the country. Honey production needs to be stimulated...
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Fruitveb: this year’s nut crop may be a medium
Like last year, a medium amount of about 7-7,500 tons of nuts can be produced in the country – the vice president of FruitVeB Hungarian Interprofessional Organization and Product Council...
Read moreThe NAK has started to reconcile the data of the single requests
On 14 October, the Hungarian State Treasury (MÁK) commenced data reconciliation of area-based single claims, which will be sent to more than seven thousand farmers – the National Chamber of...
Read moreThe ITM will present the details of the adopted SME strategy on 5 November
The ministry has drawn up an SME strategy prepared by the government and the details will be presented on 5 November – György László, Minister of State of the Ministry...
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Nébih seized several tons of pesticides in Szabolcs county
The National Food Chain Safety Authority (Nebih) withdrew more than 2.2 tons of pesticides from the shop of the Szalka-Agro Trade and Services Ltd. in Szabolcs-Szatmár-Bereg county. The fine could...
Read moreRetail sales in the United States decreased in September
For the first time in six months, retail and hospitality sales in the United States declined in September, signaling the widespread slowdown in consumer spending. The US Department of Commerce...
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Hungarian Product campaign becomes Google case study
The Google Ads campaign of a nationwide prize game by Hungarian Product – which was implemented by WebMa in 2018 – has become a case study that anyone can read...
Read moreAM Minister of State: young farmers have to be prepared for the digital transformation of agriculture
The transfer of technological and agricultural knowledge is important in the education of young people with an interest in agriculture; young people must be prepared for the digital transformation of...
Read moreITM: digitalisation of companies improves their competitiveness
The digitalisation of companies improves their competitiveness – Nagy Ádám, Deputy Minister of State of the Ministry of Innovation and Technology (ITM) stressed at a conference of the National Association...
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More than 50 tonnes of food donation was transported through Budapest on World Food Day
More than fifty tons of food donations from 20 Hungarian and international companies for families in need have been transported through downtown Budapest by a truck convoy on Wednesday for...
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The Magyar Posta might deliver 14 percent more packages this year
The Magyar Posta forecasts a 14 percent increase in the delivery of packages this year compared to last year, with international online orders boosting traffic. According to a joint announcement...
Read moreArtificial intelligence creates new jobs
Artificial intelligence (AI) creates new jobs and simplifies people’s lives – the president of the Artificial Intelligence (AI) coalition told M1 news channel on Wednesday. Jakab Roland said that many...
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Az előzetesen becsültnél is alacsonyabb volt az éves infláció szeptemberben az euróövezetben
Az előzetesen becsültnél is alacsonyabb szintre, közel hároméves mélypontra süllyedt a fogyasztói árak emelkedésének éves összevetésű üteme az euróövezetben szeptemberben. Az Európai Unió statisztikai hivatalának (Eurostat) szerdán kiadott végleges adatai...
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Alkalmas lehet növénytermesztésre a Hold és a Mars talaja
Holland kutatók növényt termesztettek a Mars és a Hold talajához hasonlító, az amerikai űrkutatási hivatal szakemberei által kifejlesztett talajban. Kutatásukból kiderült, hogy nemcsak lehetséges élelmet termelni a vörös bolygón és...
Read moreThe IMF has significantly improved its GDP growth forecast
The International Monetary Fund (IMF) has improved its Hungarian GDP growth forecast in the World Economic Outlook (WEO) forecast released on Tuesday. The Hungarian economy is forecast to grow by...
Read moreGKI Digital: more than 4,500 companies are present on online marketplaces in Hungary
In Hungary, more than 4,500, typically small and medium-sized enterprises (SMEs) are involved in internet commerce through online marketplaces, and in 2018 they generated net sales of nearly 12 billion...
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Food waste should be reduced
820 million people worldwide are starving and two billion people suffer from malnutrition. To reduce starvation, we first need to reduce food loss and wastage, which also contributes to responsible...
Read moreAM Minister of State: to maintain EU agricultural subsidies is an expectation
Hungary cannot accept a larger reduction than the UK’s withdrawal from the European Union justifies, so keeping current Common Agricultural Policy (CAP) funds at the current level is a minimum...
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Labor shortages began to decline in some sectors
New advertisements and job applications in the job market suggest that the sector’s current shortage of labor has begun to decline – according to Profession.hu’s third quarter compilation. In addition,...
Read moreITM: the road network will be developed from about 3200 billion HUF by 2024
As part of the road program, the government will expand the road network from about 3,200 billion HUF by 2024, predominantly from domestic sources – the parliamentary Minister of State...
Read moreBrexit – Moody’s: the missing British contribution in the EU budget can be replaced
According to the study of Moody’s Investors Service, published in London on Tuesday, it is expected that the best debt-rated member states of the European Union can continue to meet...
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Magazine: Weight loss products dominate in the market
Most of Scitec Magyarország Kft.’s products in the OTC market belong to the dietary supplement category. Roland Schuster, the company’s senior brand manager told our magazine that such products include...
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Egg Association: large-scale egg production decreased in the first half of the year
Large-scale egg production has fallen by about 9 percent year-on-year in the first half of this year, after an almost 11 percent increase last year. It is expected that 1-1.2...
Read moreCompanies’ willingness to lend increased to record levels
Lending to Hungarian companies reached a record. It was 20 percent higher than a year before, according to Atradius Credit Insurance. According to a study, made with the involvement of...
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Credit Insurer: the feed industry may further expand this year
Emissions from the feed sector could grow by 2 percent this year to 3.45 million tons and generate 8 percent nearly 270 billion revenue more, compared to last year –...
Read moreNagy István: the advance payment of agricultural subsidies starts on Wednesday
The advance payment of agricultural subsidies to farmers through the Hungarian State Treasury (MÁK) will start on Wednesday, amounting to 240 billion HUF this year – the Minister of Agriculture...
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One hundred and fifty million HUF worth fake branded clothes were found in a truck
Six thousand fake branded clothes and accessories were found in avalue of one hundred and fifty million forints in a truck on the M43 motorway – the National Tax and...
Read moreConsumer prices in the United States stagnated in September
Consumer prices in the United States remained unchanged in September, compared to the previous month. Core inflation has become lower than expected, supporting expectations that the Federal Reserve’s Open Market...
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