Market News

GKI: Business expectations deteriorated slightly, while consumer expectations improved in February

Although the GKI economic sentiment index was rising constantly in the last quarter of 2018, it declined during the first two months of 2019. Of business expectations only expectations of...

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The European Commission raises the maximum amount of national support for farmers to 25,000 euros

The European Commission is raising the current ceiling for national support to farmers from 15,000 to 25,000 euros. According to a Brussels panel’s announcement published on Friday, the new EU...

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NAK organizes a series of food hygiene and safety events

The Food Industry Directorate of the National Chamber of Agrarian Economics (NAK) holds a “Food Hygiene and Safety for Small and Medium-sized Enterprises” event at three venues in the context...

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Average earnings could rise by 9 percent this year

As a result of the wage agreement concluded last December, according to which the minimum wage and the guaranteed minimum wage increased by 8 percent from January 1, 2019, the...

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Business sentiment in Germany is on a four-year low

In February, the business sentiment in Germany was worse than expected, decreased to a more than four-year low – according to a survey conducted by the Munich-based ifo economic research...

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Brexit without agreement may bring steep rise in prices and a lack of food

Due to food shortages and sudden high tariffs, there would be a risk of steep price increases if the UK would leave the European Union without agreement during the Brexit...

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Air freight traffic slightly increased in 2018

To a lesser extent than in the previous year, air traffic increased by only 3.5 percent in 2018, according to the data of the International Air Transport Association (IATA). According...

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(HU) 38 ezer fővel kevesebb a foglalkoztatottak száma a boltokban

Sorry, this entry is only available in HU....

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KSH: retail sales increased by six percent in 2018

Retail trade turnover in December last year was 3.7 percent higher than a year ago, according to the raw data. Calendar day effect adjusted the growth was 4.1 percent. In...

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The average earnings increased by more than 11 percent last year

In December last year, the average gross earnings were 360,000 HUF, 10.2 percent more than a year before. In January-December 2018, gross average earnings were 329,900 HUF, and net average...

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Eurostat: Fruits are grown on nearly 36.3 thousand hectares in Hungary

In Hungary, fruit was produced on 36.3 thousand hectares in 2017. In the European Union (EU) fruit trees covered nearly 1.3 million hectares of land, two thirds of which were...

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Nielsen: consumer spendings increased

Nearly half of the Hungarians (46 percent) believe they are wealthier than five years ago. The European average is 37 percent. Globally, 58 consumers out of one hundred are more...

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Bakery products can become more expensive

We can expect a further increase in the price of bakery products this year – rtl.hu reported. According to a fresh report of the Central Statistical Office (KSH), wheat is...

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EOS: about 8 percent of Hungarian companies’ revenue is from the collection of late debts

Last year, about 8 percent of companies’ revenues came from the collection of late debts. It is an increase of 2 percentage points, compared to 2017. According to EOS Group’s...

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The German government would reduce the amount of food thrown out by 50 percent

The German government has adopted a strategy to reduce food waste by 50 percent on Wednesday. The 11 million tons a year to be cut by 2030 by 50 percent....

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The inspection of beef from Poland was tightened in the Czech Republic

The Czech Republic tightened the inspection of beef imported from Poland on Wednesday with immediate effect. Miroslav Toman, Minister of Agriculture at an extraordinary press conference in Prague, announced that...

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The sales of smartphones have stopped worldwide

In the fourth quarter of last year, the rise in the sales of smartphones in the world market has stopped. In the fourth quarter of last year, global smartphone sales...

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The volume of plant production and livestock production increased

Hungary was among the best performing EU countries on the basis of the real income of production factors per labor unit – Világgazdaság Online wrote on the basis of the...

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Nagy István: 2019 will be the year of construction in agriculture

Mezőhegyes is exemplary from the point of view of the history and future of Hungarian agriculture, Nagy István, Minister of Agriculture said on Tuesday at a press conference held in...

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The construction of a producer market and cold stores was started in Letenye

The construction of a covered producer market and a cold store was started in Letenye, with an investment of nearly 236 million HUF – the city council informed MTI. According...

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The rule of advertising for nutritional supplements is changing

The law on specialty medical products will come into force on 22 February – according to which advertising must not contain any health claim. The ÖRT draws attention that the...

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Nébih’s Complex Educational Program is successful

The Complex Educational Program of the National Food Chain Safety Office (Nébih) is successful. The program seeks to expand food safety knowledge among preschoolers, primary school students and college students...

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Laboratory meat, such as cattle breeding, can cause more damage to the environment in the long run

Meat products that grow in the laboratory over the long term may contribute to global warming more than some ways of cattle farming – researchers of the University of Oxford...

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ITM: 1,200 schools are expected to attend in the Money7 Week

This year, 1,200 schools are expected to attend with hundreds of thousands of students in the Money7 theme week, trying to make young people aware of the world of money...

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Rents continue to grow on the retail real estate market in Budapest

The retail real estate market has a positive outlook, the growth of consumption and the increase in the number of tourists in Budapest help the development of the sector, especially...

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Opten: The number of animal health businesses has increased

More and more companies are providing veterinary services, while in 2015, 866 businesses were providers of veterinary care, last year their number reached 881 – according to Opten company information...

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ITM: climate financing helps the foreign market access of the Hungarian companies

The Ministry of Innovation and Technology (ITM) provides unique support to innovative Hungarian businesses in the environmental sector. The purpose of the non-refundable grant is to reduce the adverse effects...

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Two thirds of the distillers are not used by private cookers

Only one third of the reported distillers are used by private pálinka makers – the National Tax and Customs Administration (NAV) told according to last year’s figures – the Pálinka...

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The new program of the MNB calls for environmentally conscious banking

The Green Program of the Hungarian National Bank (MNB) encourages environmentally conscious “Banking” – Binder István, MNB’s spokesman told M1 news channel on Tuesday. He added that the MNB would...

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British food exports to the EU cannot be guaranteed without agreement

In case of a Brexit without agreement, there would be no full guarantee that Britain could continue to export food to the markets of the European Union – the head...

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