Market News
ITM: The Hungarian multi-program encourages the development of the most promising enterprises
A project called Magyar multi program (Hungarian multi-program) was launched to support the development of small and medium-sized enterprises – the Minister of State of the Ministry of Innovation and...
Read moreA record amount of beer was brewed in the Czech Republic last year
A record 21.3 million hectoliters of beer were brewed last year in the Czech Republic, which is a 4.7 percent annual growth, after the previous year’s decline – the Association...
Read moreThe EU is threatened with the imposition of eleven billion USD duties
Washington intends to charge 11 billion USD on EU products if the EU does not stop to support the Airbus aircraft manufacturer – Robert Lighthizer, United States Chief Trade Negotiator...
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From 5 April, Tesco delivers to another 50,000 households
From 5 April, the inhabitants of Pécs, Pécsvárad, Szentlőrinc, Komló, Hosszúhetény and some settlements in East Pécs can now conveniently shop, either on the Tesco website or on their smartphone....
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Penny Awarded For Measures Against Food Waste
Discount supermarket chain Penny has been awarded the ‘Zu gut für die Tonne!’ (Too good for the bin!) prize for implementing measures to reduce food waste.The award was given by...
Read moreCereal growers: due to the weekend rain one can already sow in Transdanubia
It is already possible to sow in Transdanubia due to the weekend rainfall, but the lack of rainfall in the Great Plain hinders spring field work – the Chairman of...
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Minister of Agriculture: the Agri Széchenyi Card gives agricultural enterprises security
The Agri Széchenyi Card (ASZK) overdraft provides sufficient security for agricultural businesses – Nagy István, Minister of Agriculture stressed at a press conference on Monday in Budapest. He noted that...
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Foreign trade surplus increased to 891 million euros in February
In February, the value of exports in euros increased by 6.9 percent and the value of imports in euros increased by 7.0 percent year-on-year. The surplus of foreign trade in...
Read moreEighty-eight million forints worth smuggled cigarettes were found in a truck near Záhony
About eighty eight million forints worth smuggled cigarettes were found by the financiers of the National Tax and Customs Administration (NAV) in a truck at the Hungarian-Ukrainian border post at...
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The Sentix Euro Zone Business Sentiment Index improved in April
The business sentiment index of the Frankfurt-based Sentix GmbH for the euro area became better than expected. On Monday, Sentix announced that its April Euro Zone Business Sentiment Index decreased...
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Vion scores high on animal welfare management and transparency
Dutch-headquartered meat processing giant has risen to level 2 on the international Business Benchmark on Farm Animal Welfare (BBFAW). This ranking list analyzes the 150 largest food companies in the...
Read moreEU: climate change, urbanization and the demographic crisis are among the main global megatrends
The challenges posed by climate change, urbanization and the demographic crisis are among the most important global megatrends, which will inevitably and greatly affect the functioning of the world by...
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FruitVeB: drought adversely affects the fruit and vegetable production areas
Drought has a negative impact on the fruit and vegetable production areas. Currently 120-160 millimeter rainfall is needed in the soil – Ledó Ferenc, President of the FruitVeB Inter-Professional Organization...
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ITM: Hungary is the third in Europe in the elimination of dangerous products
Hungary is at the forefront in the elimination of unsafe products because, thanks to its active consumer protection presence, last year it sent the third highest number of alerts to...
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The new vintage of REDy was introduced
The youthful, light, smiling community wine of the Villány wine region launched last year, conquered consumers with its first vintage, and were sold out months ago at most of the...
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AM: the overwhelming majority of Hungarian poultry is kept well
The vast majority of Hungarian poultry is kept well, because most farmers keep animals in better condition than required by the regulations – the Minister of State of the Ministry...
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Duck and goose meat can be shipped to China again
The Chinese customs authority again authorizes imports of duck and goose meat products from Hungary, which was not possible since 2015 due to a ban on avian influenza in the...
Read moreOpten: the number of company foundations is on a five-year peak
More than 7,600 new companies were launched in Hungary in the first quarter – this has been the highest since the beginning of 2014, but the number of company cancellations...
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Economic activity in the euro area deteriorated less than expected in March
The economic activity of the euro area in March proved to be slower than in the previous month, but became more favorable than expected, according to the final purchasing manager...
Read moreRetail sales in the Czech Republic grew by over five percent
In February, retail sales in the Czech Republic increased by 5.1 percent year-on-year. In January, this indicator stood at 4.9 percent – the Czech Statistical Office announced on Friday in...
Read moreAnalysts: wage outflow pulling retail sales
The increase in retail sales in February was fueled by wage outflows, and wages continue to rise this year as a result of labor shortages – analysts commented the data...
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Nielsen: In the month of the coupon days, the sales revenue of decor cosmetics increases by 40 percent
In 2018, the Hungarians spent nearly 13 billion HUF on deco-cosmetics, while sales value increased by 7 percent and sales volume increased by 4 percent. The popular coupon days can...
Read moreA man in Nyíregyháza made a tobacco shop from his kitchen
Smuggled cigarettes and spirits were found by the financiers of the National Tax and Customs Administration (NAV) in a kitchen of a property in Nyiregyháza – the press officer of...
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Retail sales in the euro area grew more than expected in February
In February, retail trade in the euro area grew more than expected – according to Eurostat, the European Union’s statistical office. In February, the volume of retail sales in the...
Read moreIn case of a Brexit disorder, the EU will immediately restart customs controls
Customs controls on goods coming from the United Kingdom will immediately restart, after which VAT will have to be paid if Great Britain leaves the European Union in an irregular...
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The growth rate of retail sales accelerated significantly in February
In February, retail sales for both raw and calendar-adjusted data were 8.4 percent higher than a year before. The growth in traffic has accelerated significantly from the 5.4 percent pace...
Read moreThe government launched a series of consultations on key issues affecting agriculture
The government launched a series of national consultations on the most important issues affecting agriculture – the Minister of State of the Ministry of Agriculture said in Csongrád. Farkas Sándor,...
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ITM: all the beauty products tested have met consumer protection rules
Laboratory testing of 42 different beauty products carried out by the consumer protection has been successful, without any objection, all tested cosmetics meet the requirements – the Ministry of Innovation...
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Nébih withdrawn spelled wheat that was mixed with common wheat.
According to Nébih’s Wednesday announcements, a citizen reported that some spelled wheat was mixed with common wheat. Inspectors randomly took four types of samples. Laboratory tests proved the suspicion that...
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