Market News

GKI: economy is growing at an annual average of 4.3 percent this year

GKI Economic Research Co. has raised its forecast for economic growth this year, expecting 4.3 percent instead of the 4 percent forecasted in June – Vértes András, GKI’s president said...

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Machines are behind the growth of the commercial sector

The turnover of domestic stores is constantly breaking records: according to the latest data of the Hungarian Central Statistical Office (KSH), the volume of retail trade is 6.4 percent higher...

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NAK: 150-200 thousand hectares are irrigated in Hungary

Irrigation is practiced in Hungary on about 150-200 thousand hectares, which is comparatively small compared to the Hungarian possibilities, because there would be a demand for irrigation on 400 thousand...

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Nébih found everything all right when examining VinAgora’s medalist wines

The National Food Chain Safety Authority (Nébih) found everything okay when examining VinAgora International Wine Competition’s medalist wines – the Magyar Szőlő- és Borkultúra Nonprofit Kft. (Hungarian Wine Culture Nonprofit...

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Opten: the company establishing practice is changing

Only one in four start-ups starts with a clean slate, 75 percent of fresh start-ups are still linked to previous companies, but changes to come in the Hungarian company formation...

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Between 2013 and 2017, almost 12 billion euros of counterfeit goods were seized in the European Union

About 438 million counterfeit goods were seized in the European Union between 2013 and 2017, with an estimated value of nearly 12 billion euros – the European Union Intellectual Property...

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The ifo German business sentiment index strengthened slightly

The business sentiment index of the Ifo Economic Research Institute in Germany increased more than expected in September; economic opinion on the current situation has improved, but the index of...

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Magazin: A fenntarthatósági törekvésekben mindenkinek részt kell vennie

Ma már a csapból is a fenntarthatóság folyik, ám nagyon fontos, hogy időnként benézzünk a hangzatos, zöld mondatok mögé. Vajon létezik-e valódi fenntarthatóság, vagy egyelőre csak a felszínt kapargatjuk? A...

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Újabb boltok használhatják a SuperStore logót!

A Trade magazin ismét versenyezni hívta a Magyarországon bejegyzett székhellyel rendelkező értékesítési pontokat. A SuperStore versenyen olyan helyek indultak eséllyel, ahol az értékesítési koncepciónak leginkább megfelelő a dizájn, a célcsoport...

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The Milk Product Council launches a campaign to encourage the consumption of Hungarian milk

The Milk Product Council is launching a television campaign to help consumers choose domestically produced milk and dairy products over imported goods – the Milk Product Council told MTI on...

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This year’s apple production might be worrse than estimated before

This year’s apple harvest may be under 400,000 tonnes, which is 15-20 percent lower than the previous pessimistic estimate, and up to 35 percent below the long-term average of around...

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Századvég: GDP may grow by 4.8 percent this year

The Századvég Economic Researcher revised its GDP growth forecast to 4.8 percent this year and expects a growth of 3.9 percent by 2020, but notes that weakness in the German...

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Households’ solvency declined slightly in the second quarter, according to Intrum’s index

Households’ solvency declined slightly in the second quarter of this year, compared to the previous quarter, but is still high; the decline is largely due to the growing loan portfolio...

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Consumer protection: complaint at products ordered through newspaper ads is frequent

There are frequent consumer complaints about products ordered through newspaper ads – Kispál Edit, spokeswoman for the National Association of Consumer Protection Associations told M1 news channel on Saturday. There...

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Bad news from the German private sector

For the first time in six and a half years, the performance of the private sector in the German economy declined in September as the manufacturing recession deepened and lost...

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GKI’s business confidence index fell in September

The GKI economic sentiment index fell to its two-and-a-half-year low in September, within which business expectations plummeted to their lowest level in the past three years. However, consumer expectations improved...

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The sugar beet processing campaign has started in Kaposvár

The 126th beet processing campaign started at the sugar factory of the Magyar Cukor Zrt. in Kaposvár on Friday. Kovács Gergely, a member of the board of directors of the...

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Eating habits will be assessed again

Hungarian eating habits will be assessed again as part of the European Population Health Survey – the head of department of the National Institute for Pharmacy and Nutrition (OGYÉI) said....

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An agricultural logistics center and a cold store were handed over Nemesvámos

An agricultural logistics center and a cold store have been handed over in Nemesvámos, Veszprém county. The investment cost 274 million HUF. At the handover ceremony on Friday, Sövényházi Balázs,...

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British merchants began to stock up Christmas drinks

Traders in the United Kingdom began to stock up on Christmas alcohol stocks earlier this year, as there is still much uncertainty about whether the UK will leave the EU...

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Consumer confidence in the euro area improved in September

Consumer confidence in the euro area and in the European Union improved in September, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN)....

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Swiss watch exports increased

Switzerland’s watch exports grew in August on a yearly basis, at a similar rate to July. The Swiss watchmaking association announced that its August exports amounted to 1.522 billion francs,...

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Public Procurement Authority: last year 7 percent of all public procurement was linked to the agricultural sector

Almost 7 percent of all public procurement last year was attributable to the agricultural sector – Rigó Csaba Balázs, President of the Public Procurement Authority told M1 news channel. The...

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The agricultural machinery market continued to expand in the first half of the year

After the record of previous years, the agricultural machinery market continued to expand in Hungary in the first half of the year; farmers and agricultural entrepreneurs bought new machinery for...

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The OECD has downgraded its global economic growth forecast

The OECD has lowered its earlier forecast of growth in the world economy this year to the lowest level since the financial crisis of 2008-2009, due to growing trade conflicts...

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Nébih: high levels of formaldehyde dissolution from a Chinese coffee mug were measured

The Polish authority measured high levels of formaldehyde dissolution from a Chinese cup of melamine-containing bamboo fiber. The product was also shipped to Hungary. The National Food Chain Safety Authority...

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For the first time in ten years, IATA has seen a decline in air freight worldwide

“For the first time in ten years, the volume of air cargo worldwide will decline this year, with significant yield reductions, but the industry is flexible enough to survive this...

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At LG Future Talk Powered by IFA, LG Shows How AI Can Make Anywhere Feel Like Home

At a panel talk event to kick off IFA 2019 in Berlin, Dr. I.P. Park, president and Chief Technology Officer of LG Electronics, shared the company’s vision for an AI-powered...

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Retail sales growth accelerated in the Czech Republic

In July, retail sales growth in the Czech Republic accelerated to seven percent. In June, the figure was 4.8 percent – the Czech Statistical Office announced in Prague on Thursday....

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Opten: production figures of domestic companies is improving

According to Opten, corporate finance reports for 2018 show a fundamentally positive picture of the Hungarian economy, with a significant increase in the productivity of companies based on revenue per...

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