Market News
Consumer spendings in the United States rose slightly in August
US consumers have made more savings and have just increased their spending in August, but rising incomes suggest that the tightness may not last long. The Washington Department of Commerce...
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Magazine: Generation Y is coming – and they want everything at once
As the purchasing power of Generation Y – consumers born between 1980 and 1995 – is growing, various aspects of sustainability are becoming more and more important. So that FMCG companies...
Read moreKSH: full agricultural census next summer again
Next summer, the Central Statistical Office (KSH) will conduct a full agricultural census. The aim of the Agricultural Census conducted every ten years is to give a realistic, objective picture...
Read moreAM: Hungarian pálinka needs to be marketed at the world market
It is an important goal to market the best Hungarian pálinkas in the world’s leading markets- Zsigó Róbert Minister of State of the Ministry of Agriculture (AM) said at the...
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34,000 more have worked in the last three months than a year ago
In June-August, 34,000 more people were employed than a year earlier, with the average number of employees rising to 4 million 517,000, the Central Statistical Office (KSH) announced on Friday....
Read moreThe agricultural ministry focuses on drought prevention tasks
Instead of dealing with drought damage, after the damage happened, the focus should be on prevention-related tasks – emphasized Feldman Zsolt, Minister of State of the Ministry of Agriculture at...
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EOS: Hungarians pay 78 percent of the bills on time
78 percent of bills are paid on time by Hungarian clients, 18 percent are settled late and 4 percent are never paid at all, which is consistent with last year’s...
Read moreChina buys American agricultural products
Chinese companies have bought agricultural products from the United States, and Beijing is in talks with Washington to prepare for the next round of bilateral trade talks in October –...
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The Milk Product Council launches a TV campaign: Choose domestic and reduce your ecological footprint
Hungarian milk and dairy products are known to be of high quality, yet, according to the calculations of the Milk Product Council, Hungary imports milk with about 12,000 trucks a...
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Mastercard: adventure gifts gaining popularity for Christmas
According to a Mastercard’s survey, 8 percent of the Hungarians start Christmas shopping in September, with nearly one in two adults shopping for the holidays in November. This is due,...
Read moreITM: action against product presentations that were misleading the customers was successful
Action against misleading product presentations was successful; As a result, the number of complaints has fallen to a fraction: only two were received, compared with an average monthly 43 in...
Read moreGfK: German consumer sentiment index improved
Instead of the expected stagnation, the Nuremberg-based GfK Economic Research Institute’s German consumer sentiment index rose slightly in October, while consumers’ willingness to buy and economic expectations improved, but their...
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GKI: Forecast for 2019-2020
The Hungarian economy grew by 4.9 per cent in the second quarter of 2019, faster than expected. This was the highest growth rate in the EU. However, the slowdown, if...
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Magazine: Sustainability in business and everyday life
According to a recent online survey by Nielsen, consumers all over the world are the most concerned about air and water pollution. At a global level, 73 percent of consumers would...
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New brands testify the excellence and environmental friendliness of the products
The Hungarian Product Nonprofit Ltd. has created new trademarks to certify product excellence and eco-friendliness, while Hungarian manufacturers can apply for the Excellent Product and Eco-labels – MTI announced on...
Read moreFinancial research may continue to hold the momentum of the economy next year
According to the latest analysis of the Pénzügykutató Zrt., the momentum of the economy may continue next year, but the growth rate will decline from the 4.7 percent of this...
Read moreMinister of Agriculture: farmers must be supported to be able to handle climate change well
Minister of Agriculture Nagy István pointed out at the meeting of EU agriculture ministers that farmers should be protected and supported in order to be able to respond adequately to...
Read moreThe NAIK invites young agricultural researchers to apply
The National Center for Agricultural Research and Innovation (NAIK) is announcing a call for PhD students and young researchers in the field of agriculture, known as the National Agricultural Talent...
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Employment Service: the number of job seekers fall in August
The number of jobseekers dropped by 2.4 percent in August, compared to the same period of the previous year and by 1.1 percent, compared to July. At the end of...
Read moreThe government will continue to take action to exempt the distillation of pálinka
The government is taking action in every forum of the European Union (EU) to re-exempt the production of pálinka – Tállai András told Magyar Nemzet. The parliamentary Minister of State...
Read moreConsumer confidence in the United States deteriorated more than expected in September
Consumer confidence in the United States decreased in September, much more than analysts had expected. The Conference Board Economic Research Institute said on Tuesday that the consumer confidence index fell...
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New industrial site to be built in Medgyesegyháza from almost half a billion forints
About eight hectares of new industrial space will be created in the inner city of Medgyesegyháza – the Medgyesegyháza Industrial Park Investment and Development Nonprofit Ltd. announced on Tuesday. Within...
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Magazin: Emberszámban
Két számjegyű az állateledelpiac bővülése, ezen belül látványos a diszkontok előretörése. A csatorna jó lehetőséget lát a kategóriában, folyamatosan fejleszti, így növekszik a modern, kényelmes eledelek penetrációja. Ami viszont csatornafüggetlen: egyre...
Read moreGKI: 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...
Read moreMachines 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...
Read moreNAK: 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...
Read moreNébih 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...
Read moreOpten: 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...
Read moreThe 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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