Market News
The barley harvest to be finished soon
90 percent of the 218,000 hectares of arable land of autumn barley has been harvested, and although the yield of 5.5 tonnes per hectare is slightly below last year’s level,...
Read moreSeasonal work attracts department store workers
In addition to the general shortage of labor in the stores, the summer seasonal job opportunities drain the trade workers because they can earn more money in tourist jobs and...
Read moreAnalysts expect annual inflation of around 3.5 percent
This year, analysts interviewed by MTI are expecting 3.3-3.5 percent inflation based on the latest KSH data and do not expect significant monetary tightening from the central bank in 2019....
Read moreThe European Commission has further improved its growth forecast for Hungary
This year’s economic growth forecast for Hungary has been improved further – the European Commission published its summer forecast on Wednesday. Experts from the Brussels-based Economic and Financial Directorate-General (Ecfin)...
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The top list of the domestic Instagram brand pages with the most followers was released
Launched in May, the iStory.com website once again published the top list of domestic Instagram brand pages with the most followers. For the first time, a survey was conducted to...
Read moreThe agricultural chamber updated its irrigation guide
The National Agrarian Economy Chamber (NAK) updated its guide to watering licensing procedures for irrigation, making it more transparent for the administration – the NAK announced on Wednesday. The Guide...
Read moreDeloitte: the summer tax package may bring significant relief to exporters outside the EU
The summer tax package for exporters outside the European Union can bring significant administrative simplification – Deloitte points out. The advisory firm outlines in its announcement that at the moment,...
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EU court: Internet merchants do not necessarily have to provide a telephone number for the consumers
Electronic commerce platforms such as Amazon do not always have to provide a telephone number prior to the conclusion of a contract, but there is a communication channel that allows...
Read moreKPMG: international executives worry the most about climate change
Managers of global large companies consider climate change to be the most serious challenge in the years to come, but they do not worry about an economic crisis – according...
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Nestlé launches 100% recycled plastic bottle in Belgium
It’s a first for Valvert, our Belgian natural mineral water, and a European first for Nestlé Waters. A sustainable water in a more sustainable bottle: Valvert launches today its new...
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GEFCO acquires Chronotruck to take digitalization to the next level for shippers and carriers
GEFCO Group announced today the acquisition of Chronotruck, a company that connects shippers and carriers through an innovative digital platform. This acquisition supports GEFCO’s strategy of leveraging new technologies to...
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Magazine: Tracking: Credible data at every moment
It is an everyday phenomenon with logistics and parcel delivery companies that companies are unabele to keep track of delays. WebEye Telematics Zrt. has developed a system that increases efficiency...
Read moreKSH: the price of alcoholic beverages, tobacco and food products is at the forefront in inflation
Consumer prices were on average 3.4 percent higher in June than a year before. Compared with May an average of 0.2 percent decrese in prices occured – the Central Statistical...
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More than a million people saw the Choose Domestic! video
The community pages of Hungarian Product Trademark Users have also benefited from the Choose Domestic! campaign. 1.2 million people watched the video on Youtube by the end of June. The...
Read moreExports grew stronger than imports
In May this year, a surplus of 678 million euros was recorded for product and foreign trade, 285 million euros more than in May of the previous year, the Central...
Read moreAverage yield is expected in Jász-Nagykun-Szolnok county
Average yields are expected in autumn sowing crops, which are the largest part of the sowing area, in Jász-Nagykun-Szolnok county – the county president of the National Agricultural Chamber (NAK)...
Read moreThe growth of retail sales decreased in the Czech Republic in May
In May, the retail sales growth in the Czech Republic dropped to 2.7 percent, while rose by 6.9 percent in April – the Czech Statistical Office announced on Tuesday in...
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Nébih: Fressnapf calls contaminated dog food back
Fressnapf calls back dog food contaminated with salmonella – the National Food Chain Safety Office (Nébih) told referring to the chain store. According to the information published on the Nébih...
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Magazine: Technology brings major transformation to the Hungarian financial services market
At the end of April more than 400 experts gathered at the FinTechShow conference, where Hungary’s fintech strategy and the fintech programme of the Central Bank of Hungary (MNB) were...
Read moreAnalysts: growth in retail sales is lower than expected
The slower than expected retail sales of May surprised the analysts. Most of them expect further downturns in the second half of the year, compared to what they saw in...
Read moreThere is plenty of Hungarian grain for export
Similarly to last year, five million tons of wheat production is expected in Hungary this year, and not only the supply of the country is secured, but there is also...
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AM: punishment for food counterfeiters to be tightened
According to the amendment of the law of the Parliament, the punishment of food counterfeiters is stricter and they can no longer hide behind other companies after the fraud –...
Read moreNagy István: to maintain the EU agricultural budget a joint action by the region is needed
The EU agricultural budget for the next seven years should not be reduced, even by increasing the contribution of individual countries, Nagy István, Minister of Agriculture said on Friday in...
Read moreA conciliation body is needed to make businesses ready for consumer protection
The experience of the first half of the year shows that it is necessary to prepare businesses for consumer protection in the 21st century – the Budapest Conciliation Body (BBT)...
Read moreThe National Soil Center has started
Another strong bastion was created with the launch of the National Soil Center (NFK), which serves the competitiveness of Hungarian agriculture and the transparency of the related activities – Nagy...
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Retail sales in the euro area were weaker than expected
Retail sales in the euro area were weaker than expected in May. In a monthly comparison, decline occurs for the second consecutive month in the volume of traffic as a...
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GKI: Business expectations fell sharply in June
After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations...
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The future of fuel cards
At the end of May Shell held their ‘Make the Future Live’ event: a 4-day festival in London’s Queen Elizabeth Olympic Park, where the focus was on innovative ideas. The...
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