Market News
Fishing contributes to the Hungarian GDP with hundred billion forints
Date: 2019-02-08 11:03:35
Fishing as recreational activity, combined with the use of ancillary services, contributes to the gross domestic product (GDP) with a total of 100 billion HUF Nagy István, Minister of Agriculture...
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With proper nutrition, the effects of climate change can also be mitigated
Date: 2019-02-08 11:01:52
With proper nutrition, the effects of climate change can also be mitigated, as the ecological footprint of plant and vegetable production is much smaller than that of animal husbandry Antal...
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More and more people worry about the sharp slowdown in world economic growth
Date: 2019-02-08 11:00:48
According to the latest survey, the global business and institutional investment community continues to consider commercial wars as the biggest global economic risk, and more and more people are anticipating...
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EU forecast: moderate growth is expected in the European economy
Date: 2019-02-08 11:00:22
According to the European Commission’s (EC) Winter Economic Forecast, the European economy will continue to grow in 2019, as expected in the last seven years, and performance is expected to...
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The mood of German consumers has not changed
Date: 2019-02-08 09:01:11
Instead of the expected slight deterioration, GfK’s consumer mood index in Germany remained stable in June. The consumer sentiment mood of the Nuremberg-based Institute for Economic Research was 10.7 points...
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The European Commission has improved its growth forecast for Hungary
Date: 2019-02-07 11:45:25
The European Commission has improved its forecast for the growth of Hungarian gross domestic product (GDP), expecting 3.4 percent growth for this year, compared to the 3.2 percent previous expectations....
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FAO: world food prices rose in January
Date: 2019-02-07 11:40:40
In January, world food prices increased, mainly due to higher prices of dairy products, oilseeds and sugar. The five basic food price indexes of the UN Food and Agriculture Organization...
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Nearly a quarter of retail workers are employed part-time
Date: 2019-02-07 11:37:18
About 12 percent of the physical workers in the domestic competitive sector are employed part-time, but in retail, this percentage is even higher; 23 percent, with a decrease of 5...
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The agricultural chambers of the Visegrád countries discussed the future of the common agricultural policy in Veszprém
Date: 2019-02-07 11:35:11
The future of the Common Agricultural Policy was discussed at the 71st Veszprém Meeting of the Chambers of Agriculture of the Visegrád Countries (V4). At the two-day meeting the increase...
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KH: the share of small businesses in public procurement broke a record last year
Date: 2019-02-07 11:33:46
The total value of last year’s 10 361 successfully completed public procurement contracts exceeded 3294 billion HUF. The proportion of negotiated (hnt) and one recommended public procurement fell further, the...
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Eleven thousand tons of food was sent to the needy
Date: 2019-02-07 11:15:15
Last year, the Food Bank (Élelmiszerbank) saved 11,000 tons of food from destruction. This means that, on average: Instead of the destruction over 30 tonnes food a day, the association...
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Careless workers are the biggest cyber risks for the domestic companies
Date: 2019-02-07 11:01:54
Nearly 80 percent of companies have experienced a cyber security incident in recent months in Hungary. In most cases, the successful attacks are focused on the companies’ own employees –...
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Greek truffles are becoming more popular
Date: 2019-02-07 10:01:24
The market for truffles is dominated by Italian and French products, but their prices have jumped into the sky recently. So, Eklekto, who had begun scrutinizing the Greek Forests last...
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Analysts: retail sales growth was surprisingly slow last December
Date: 2019-02-06 11:45:11
The annual growth rate of retail sales surprisingly slowed down in December last year – market analysts told MTI, commenting the data of KSH’s first estimate published today. They conclude...
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Seed Alliance: the area of spring barley and oats continues to decrease
Date: 2019-02-06 11:10:30
In the case of spring barley, a net price of 100 thousand HUF per tonne and in case of oat a 105 thousand HUF per tonne price was published by...
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The creation of the tracking system for tobacco products could cost four billion
Date: 2019-02-06 11:05:34
The ND National Tobacco Trade Nonprofit Zrt. launched a public procurement procedure for the development of a monitoring system for tobacco products, with an estimated value of 4 billion HUF....
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In the past seven years, retail sales in the euro area fell the most in December
Date: 2019-02-06 11:03:14
In December, retail sales in the euro area have fallen with the largest extent in the euro area of the past seven and a half years, according to a statement...
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Romanian retail sales grew by 5.4 percent last year
Date: 2019-02-06 11:02:33
Last year, the volume of Romanian retail sales increased by 5.4 percent, compared to the previous year – the Romanian National Statistical Institute announced on Tuesday. According to the seasonally...
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American agriculture suffers from Arctic cold
Date: 2019-02-06 11:00:40
The Arctic inflow of icy air has forced slaughterhouses and grain processors in the United States to temporarily shut down. The temperature in the Midwest region has fallen to such...
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Magazine: A pack of chewing gum and a box of marijuana, please!
Date: 2019-02-06 10:34:30
According to a Bloomberg report, published by Convenience Store News in August, sales in the marijuana segment of FMCG products can reach USD 50 billion by 2026. In the USA...
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The new livestock law to come
Date: 2019-02-06 09:30:28
It is expected that the new Animal Breeding Act will be adopted in the spring, which will enable Hungarian breeding organizations to defend their positions against their multinational competitors in...
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Retail sales increased by six percent in 2018
Date: 2019-02-05 11:55:48
In December last year, retail trade turnover was 3.7 percent, according to the raw data, while calendar effect adjusted it was 4.1 percent higher than a year before. At the...
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The agricultural output exceeded 2,700 billion HUF
Date: 2019-02-05 11:30:52
The key issue for the development of Hungarian agriculture is to increase production, which can be achieved by improving competitiveness and efficiency – Nagy István, Minister of Agriculture said on...
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There may be a shortage of domestic seed in case of some arable crops
Date: 2019-02-05 11:20:37
The Seed Association Interprofessional Organization and Product Council (VSZT) warns of the risk of domestic seed shortages in case of spring barley and oats, due to the declining crop area....
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MNB: corporate lending accelerated in 2018
Date: 2019-02-05 11:06:38
According to the data of the National Bank of Hungary (MNB), corporate loan demand picked up last year. At the end of December, the debt of non-financial corporations against domestic...
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The government will spend 150 billion HUF on the Hungarian Village Program this year
Date: 2019-02-05 11:05:56
This year, more and more central budget resources will be spent on settlement development in Hungary, of which 150 billion HUF will be spent on the Hungarian Village program –...
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Retail sales in the Czech Republic increased by 4.8 percent last year
Date: 2019-02-05 11:02:58
Compared to last year, retail sales in the Czech Republic increased by 4.8 percent – the Czech Statistical Office (CSÚ) announced on Tuesday in Prague. A year before, in 2017,...
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Economic sentiment is on a four-year low in the euro area, according to ifo’s survey
Date: 2019-02-05 11:01:34
The economic sentiment for the first quarter in the euro area fell to a four-year low, according to an analysis by the University of Munich’s Ifo Institute for Economic Research...
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Magazine: Organic connections
Date: 2019-02-05 07:20:28
The Hungarian Cosmetics and Household Chemicals Association (KOZMOS) is 25 years old in 2018. On 24-25 October they organised their annual conference in Visegrád. General secretary István Murányi opened the...
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VAT reduction on milk resulted in cheaper milk
Date: 2019-02-04 11:55:05
As a result of the VAT reduction on milk, fresh milk is now 4-5 percent cheaper than before. The VAT reduction of the UHT and ESL milk in January this...
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