Market News
Euro area inflation has increased
In June, The European Union’s Statistical Office, the Eurostat reported on Wednesday that contrary to expectations, euro area inflation increased. In the euro area, inflation increased by 1.3 percent in...
Read moreIn June, retail sales increased more than expected in the United States
In June, retail sales in the United States were above market expectations, according to a report published on Tuesday by the Census Bureau of the Washington Department of Commerce. In...
Read moreHungarians are spending more and more, but traders are in a difficult situation
Payments are rising throughout the country. As a side effect a 10 percent increase in retail sales occured in 2018, compared to the previous year, according to the data of...
Read more
“Today I also ate bananas because they were saved.”
In the first half of the year, the Hungarian Food Bank Association distributed more than 1,250,000 food packages. The amount of food surplus collected by the Food Bank continues to...
Read more
Milk Product Council: the price of raw milk is in a narrow range for two and a half years
The objective of the Milk Interprofessional Organization and Product Council is to develop the Hungarian dairy sector, to ensure the effective operation of the Hungarian dairy operators, to protect the...
Read more
AM: the European Commission also supports the Hungarian steps for long-term livestock transport
The European Commission also supports the Hungarian measures for long-term livestock transport. Hungary, like last year, has banned the launch of long-term consignments of ruminant animals from Hungary to Turkey...
Read more
This year, the freight carrier CER private railway expects to grow strongly
The Central European Railway (CER) Hungarian Private Railway Company delivered 2.3 million tonnes of goods in the first five months of 2019. Dynamic, double-digit growth is expected for this year...
Read more
Some edible insects are rich in antioxidants like fresh orange juice
The antioxidant level of edible insects was measured by a study for the first time, and as it turned out, grasshoppers and silkworms contain as many antioxidants as fresh orange...
Read more
PC sales have grown
In the second quarter, 64,858 million PCs were sold worldwide, 4.7 percent more than the 61,931 million PCs sold in the previous year. According to the US International Data Corporation...
Read more
KSH: the increase in agricultural producer prices slowed down in May
The annual increase in crop production prices decreased to 3.5 percent in May, from the 6.8 percent of April. While the increase in prices for live animals and animal products...
Read moreConcordia Közraktár Zrt.: crop may have medium quality this year
The arable sector is expected to have a medium-quality year, the rape yield became weaker than last year’s, there were worse batches of barley, the wheat crop was good despite...
Read moreThe NAK expects sixty thousand tons of sour cherries
About twenty thousand tons of this year’s sour cherry produced in Hungary are exported to the domestic market, and the rest is exported to Germany – Mártonffy Béla, president of...
Read more
Credit card users spend an average of 52 thousand forints a month
Debit card users spend an average of 32 thousand forints per month and credit card users spend 52 thousand forints – origo wrote, after K&H Bank. Domestic payment card purchases...
Read morePM: more and more Hungarian companies enter the US market
Relations between Hungary and the United States are more successful in the field of economy and finance, more and more Hungarian companies are entering the US markets – Varga Mihály,...
Read more
Application decision-making has risen in GINOP programs
After a few dozen new winners in June, nearly 300 companies have won a total of several billions of forints in EU economic development tenders in July, mainly for on-the-job...
Read more
The Amazon Prime Day competes with the Black Friday
This year, the US Amazon Prime Day, which is the annual discount that is so popular that it is rivaling the Black Friday as well as Cyber Monday takes place...
Read more
Fresh domestic watermelon to arrive
Domestic, high-quality, fresh watermelons will be available all over the country from the beginning of next week – the National Agricultural Chamber’s (NAK) panorama reveals. The Hungarian melon growers have...
Read moreGreen harvesting application was submitted for only less than 8 percent of the vineyards
Grape producers applied for a grape and wine surplus market claim until 11 June to the Hungarian State Treasury (MÁK), for less than 8 percent of the vineyards for about...
Read more
Where chocolate tasting is a requirement toward students
You can learn about chocolate, coffee and tea production on professional level at the Szent István University’s Faculty of Food Sciences at the Chocolate, Coffee and Tea Maker Masters Course...
Read more
The market in Pécs was renovated from nearly 600 million forints
On Friday, the renovated buildings and public areas of the market in Pécs were handed over. The buildings were renovated from 580 million forints. As part of the project, the...
Read moreExcise tax on cigarettes will increase
The excise tax rate on cigarettes rises to the EU level in three steps and the operation of sports properties becomes more favorable after the Parliament has adopted the necessary...
Read more
Magazine: Fuel cards: Help in the palm of your hand
The fuel cards of filling station chains are very popular. Why? Because the service offers tailor-made advantages, lower costs, transparency, safety and cashless payment. MOL cards can be personalised,...
Read moreNAK: sweet corn harvest may start next week
If weather allows, harvesting of sweet corn can begin next week. An average of 500 – 600 thousand tonnes are grown annually in Hungary on an average of 30-34,000 hectares...
Read moreThe 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)...
Read more
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 more