Market News
The agricultural machinery market closed a record year last year
Last year, the agricultural machinery market reached record sales. According to data from the Agricultural Research Institute (AKI), new agricultural machinery was purchased in the value of 175 billion HUF...
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The Ministry of Agriculture is creating a biodiversity and gene conservation center
By merging the two prominent gene conservation institutions, the Ministry of Agriculture establishes the National Biodiversity and Gene Conservation Center – Nagy István Minister of Agriculture announced. Nagy István recalled...
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A cold store to be built in Nyírparasznya, Szabolcs-Szatmár-Bereg county
With 100 percent EU funding, a new cold store to be built from nearly 463 million forints in Nyírparasznya, Szabolcs-Szatmár-Bereg county – the municipality told MTI on Friday. According to...
Read moreThe damage caused by cyber criminals is doubling over the next three years, according to a survey
The cost of cybercrime is doubling over the next three years, according to an analysis by ESET’s IT security experts. The damage caused by cyber criminals was 3,000 billion USD...
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The growth rate of the euro area’s economic performance slowed down in March
Instead of the expected strengthening, the growth rate of the euro area’s economic performance slowed down in March, according to a report published on Friday by the London-based IHS Markit,...
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Magazine: Preparation – and not only for 2019
Hungarian retail trade ended 2018 stronger than it had been at the beginning of the year. The numbers are alright, but this is the time when companies have to start...
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A reconsidered vegetable and fruit processing program to be started
The Food Industry Directorate of the National Chamber of Agricultural Economics (NAK) announces its “Learn together! – Fruit and Vegetable Processing“ event. Considering the great interest and success, the Food...
Read moreAM: the government is striving to stimulate the market for quality beers
In addition to maintaining the dynamic development of the beer sector, the government is striving to stimulate the market of quality beers and widen the segment of craft beers –...
Read morePénzügykutató Zrt.: GDP will grow modestly by 3.7 percent this year
According to the latest forecast of Pénzügykutató Zrt., while the Hungarian economy grew by a record 4.9 percent last year, this year the momentum will break, it is expected to...
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Apple juice will be made of edible apple
Fruits stored in cold stores as edible apples have suffered such a loss of quality in the autumn that – as a remedy for the damage – the juice plants...
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Nébih warns of the importance of preventing avian influenza
Ensuring the epidemiological closure of the poultry farms is of utmost importance to prevent another avian influenza epidemic in Hungary – the National Food Chain Safety Authority (Nébih) called the...
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The development Hungexpo can start in May
The development of the Hungexpo Budapest Fair Center can start in May – Ganczer Gábor, CEO of Hungexpo Zrt. told at the meeting of the hotel association on Wednesday in...
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PM Minister of State: the ministry would support the solar development of SMEs
Public consultation on the draft of the call for proposals “Supporting the installation of a solar system for micro, small and medium-sized enterprises” within the Economic Development and Innovation Operational...
Read moreHong Kong and Hungary want to strengthen their economic relations
On Thursday, the business delegation of the Hong Kong Trade Development Council (HKTDC) arrived to Hungary for a two-day business visit, led by Edward Yau Tang-wah. Hong Kong and Hungary...
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SMEs intend to invest
Currently 75 percent of the SMEs are currently preparing for some kind of investment. This is the best data since 2007. The intention is even stronger for medium-sized companies, as...
Read moreConsumers want smooth, easy-to-carry out purchases
The customers, who are bombed with a wealth of opportunities are constantly striving to simplify their purchasing decisions. In addition to this, the use of digital technology is driven by...
Read moreSzázadvég forecasts a GDP growth of 3.9 percent for 2019 and 3.5 percent for 2020
Századvég did not change its forecast compared to its December forecast. GDP is expected to grow by 3.9 percent this year and by 3.5 percent in 2020 – the researcher...
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The solvency of Hungarian households improves according to the new index of Intrum
According to the Intrum solvency index (IFI), the solvency of households was the highest last year since 2010, and further improvement is expected in the trend. The new indicator, which...
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Workania: the average gross earnings in Hungary exceeded the 300,000 forint limit last year
Last year, the average gross earnings were 337,500 HUF in Hungary, which represents a 13 percent increase compared to the same period of the previous year – the online research...
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Great Retro Research
The retro fever is raging and people are even willing to pay more for a past product or service – the Tó-retró blog revealed in its research. The most popular...
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Nébih: one can collect only two kilograms of bear garlic for own consumption
One can collect only two kilograms of bear garlic for own consumption in public forests that do not qualify as nature conservation areas. For commercial collection a licence is required...
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The United States and China are the EU’s biggest trading partners
The European Union concludes one third of its foreign trade with the United States and China, while Germany is the largest trading partner for most of the EU member countries...
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Magazine: Gel beats powder
Bernadett Vékásy, brand manager of Henkel Magyarország Kft. informed our magazine that in 2018 laundry detergent volume sales had grown a little, but the increase in value sales had been...
Read moreAM: joint effort of seven countries to keep production-related EU agricultural subsidies
Seven countries, including Hungary asked for an increase of production-related EU agricultural subsidies or at least to keep it at the current level in the post-2020 EU budget period at...
Read moreAnother 5 billion HUF support for the job creation of the small and medium-sized enterprises
The Ministry of Finance announces a tender in a value of five billion forints to support the job creation of the micro, small and medium-sized enterprises – Varga Mihály told...
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Labor costs increased in the EU
Labor costs have increased in the European Union as a whole and in the euro area in the last quarter of last year – according to the data released by...
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Vending machine operators would avoid price increases
The Hungarian Post has received hundreds of applications for installing new food and beverage vending machines, but according to the industry alliance, 10-15 percent of the machines may disappear from...
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The European Commission urges the creation of a council to support innovative initiatives
The European Commission intends to speed up the establishment of the European Innovation Council (EIC), helping to bridge the innovation gap in Europe. Under the program, four Hungarian small and...
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You can join the national garbage collection action continuously
You can join to the “Pick It Up – Volunteer Garbage Collection Action for Clean Hungary” until Sunday – Makai Martina, Deputy Minister of State told M1 news channel on...
Read moreSeven percent of EU imports are counterfeit
There is a growing problem that an increasing share of the commodities traded in world trade are counterfeit, for example, 7 percent of EU imports are counterfeit products, which poses...
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