Market News
Magazine: Fewer holes in the cheese market
The cheese market became a bit less hectic last year: the price of milk didn’t change as often as before. Thanks to the rather constant cheese prices, consumer demand was...
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The development of Etele Plaza and Budapest ONE reached a milestone
The realization of South Buda’s future commercial and business driving force, Etele Plaza and Budapest ONE office park entered into the next phase. The Futureal Group will soon be ready...
Read moreThe loan portfolio of agricultural enterprises grew
According to a research, the loan portfolio of agricultural holdings of agri-food enterprises grew by 0.57 percent, compared to the end of the last quarter of 2018, while compared to...
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More than 10,000 children receive a candy package on children’s day
The last Sunday of May is a children’s day, and the Hungarian Food Bank Association is preparing a special competition for this event. Not all children are fortunate enough to...
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MNB: the shock resilience ability of the Hungarian banking system remains strong
The shock resilience of the Hungarian banking system remains strong, and the institutions of the domestic banking system would meet regulatory expectations even in the event of a significant negative...
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Parents spend 2-6 thousand forints on toys on children’s day
Hungarian parents spend 2-6 thousand forints on toys and games on children’s day. Most of them buy outdoor or development toys and sports equipment – according to the survey sent...
Read moreThe German business sentiment has deteriorated
In May, the German business sentiment index of the Ifo Institute for Economic Research of the University of Munich deteriorated with a greater extent than expected. According to a survey...
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Global M&A appetite at 10-year high fueled by portfolio reshaping
59% of companies worldwide plan deals in the next year fueled by portfolio reshaping Strong M&A intentions accelerated rather than stalled by uncertainty Despite Brexit uncertainty, UK is top investment...
Read moreOECD: the growth of the Hungarian economy is slowing down, but remains strong
The growth of the Hungarian economy is slowing down but remains strong this year and next year -according to the latest OECD forecast released on Tuesday. Analysts from the Paris-based...
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Nagy István: the new Animal Husbandry Act establishes a successful era in the sector
The new Animal Husbandry Act establishes a successful livestock breeding era. The draft is already before the Parliament – the Minister of Agriculture said on Wednesday in Domony. In his...
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The Hungarian Product is promoted with an advertising film
The Magyar Termék Nonprofit Kft. (Hungarain Product Nonprofit Ltd.) has started an advertising campaign to support the growing recognition of trademarked products in the social media. The advertising film sets...
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Farmers have no money to switch for the alternative breeding of laying hens
Farmers are not strong enough to move to alternative hatchery. The change would require a huge investment within a short period of time, as 90 percent of Hungarian production comes...
Read moreA general VAT reduction is possible in the long run
Varga Mihály, Minister of Finance also spoke about the government’s long-term tax plans in the interview with Világgazdaság. Among these, he mentioned that the government would like to reduce the...
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Prevent complications of diabetes with a drop of attention!
“According to the data of the National Health Insurance Fund Management, more than 3,600 feet per year have to be amputated due to diabetes, ie 10 people lose their lower...
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Consumer confidence improved in May in the euro area and in the EU
Consumer confidence in the euro area and the European Union has improved significantly in May, according to a survey by the European Commission’s Economic and Financial Directorate (DG ECFIN). According...
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Hungarian workers feel confident in their job according to a survey
In the first quarter of this year, the employee confidence index declined by 2 points compared to the same period of last year. Compared to the previous quarter it has...
Read moreOECD: this year’s global economic growth is slowing
This year’s global economic growth forecast has been worsened in the forecasts of the Paris-based Organization for Economic Cooperation and Development (OECD) on Tuesday. The OECD forecasts a global economic...
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The EU has adopted a ban on disposable plastics
The European Union’s General Affairs Council has adopted a ban on certain non-reusable plastics in response to plastic pollution – the EU Council announced on Tuesday. According to the information,...
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Magazine: ‘The world has turned upside down’
Ákos Kozák (GfK) about the digitalisation process. Ákos Kozák, managing director of GfK told at a press meeting in March that the shopping habits of Hungarians had started to change...
Read moreThe CIB Bank expects slowing growth and rising inflation by 2019
This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of...
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The wealth of Hungarian households has grown
The wealth of Hungarian households has increased compared to the previous quarter, within which the amount of cash deposits has decreased – origo wrote on the basis of the data...
Read moreProducers in Tolna County have sown maize at a larger area
Producers in Tolna County have sown maize at a larger area, compared to last year. The rainfall in May was good for the spring-sown crops and the development of autumn...
Read moreInternational freight traffic would be directed to a new half ring road
The government initiated the construction of a new half ring road to direct international freight traffic more efficiently, by relieving sections of the M1, M0 and M5 motorways around the...
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Pistachio harvest needs police protection
Sicily is home to the world’s most-prized variety of the seed – the pistacchio verde di Bronte, or green pistachio from Bronte. Centred on the town of Bronte, the pistachio...
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NAV: what will be the fate of the seized products?
The National Tax and Customs Office (NAV) reported in a fresh Facebook post about what is the fate of the seized products – privatbankar.hu wrote. There are several solutions available...
Read moreA tracking system follows the movement of illegal tobacco products
A new EU monitoring system came into force on Monday, recognizing the movement of non-legally produced or illegally introduced tobacco products within the EU by means of a unique identifier...
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Economic growth accelerated in the euro area in the first quarter
Economic growth accelerated in the euro area and in the European Union in January-March, compared to the last quarter of last year. Hungary’s economy increased the most within the Member...
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Why the legal function must be reimagined for the digital age
The EY global survey finds that legal functions must change their operating models to maximize value from digital transformation. The recent EY legal operations survey of 1,058 senior legal practitioners...
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Magazine: A reform era
According to Brigitta Kosaras, brand manager (Maggi) of Nestlé Hungária, in the market of spices and sauces the summer months are better than the rest, and the same is true...
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