Market News

China does not need US soy

Because of the customs war, China buys more soybeans from South America than from the USA – Világgazdaság Online wrote. The 2018-19 marketing year began a few weeks ago, and...

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The 2019 payments would be raised with 600 million, compared to the original EP proposal

At the plenary session of the European Parliament (EP) voted for its position on the EU budget for 2019 according to which the MEPs would increase the 2019 payments with...

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KSH: retail sales continues to perform well

In August, the volume of calendar effect adjusted retail sales grew by 6.8 percent, compared to the same period of last year. The raw data became 6.3 percent – the...

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Analysts: the increase in earnings is lagging behind expectations

The August growth rate of earnings lags behind analysts’ expectations, but according to them, a steady rise is expected in the labor market, but the rising of real wage growth...

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Significant demand for Hungarian fish product

The high temperatures of the summer were bad for fish farming – magyaridok.hu wrote. However, the industry will effectively close the season, and the demand for both domestic and foreign...

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VAT on milk to decrease

The VAT on UHT and ESL milk will decrease to five percent – according to the tax package submitted on Friday afternoon – Index wrote after the communication of the...

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Risk management can boost confidence in the digital economy

Risk managers can increase user confidence and reduce the cost of digital transformation, yet they are not involved properly in business decisions – according to the international survey of EZ,...

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The European Parliament supports stricter rules to reduce the amount of plastic waste

At the plenary session of the European Parliament (EP) on Wednesday, the European Parliament voted on the proposal to tighten rules on the reduction of plastic waste; banning the sale...

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Furniture Federation: homemaking discount boosted thefurniture market

According to the Hungarian Furniture and Wood Industry Federation, the furniture market has recovered from the crisis in 2008. The family homemaking discount (csok) boosted the industry. Cselényi Krisztina, the...

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The economic performance of the euro area grew the slowest of the past two years in October

The economic performance of the euro area grew the slowest of the past two years in October but more than expected – according to an analysis published by the IHS...

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We use less than two-third of the working time extensively

We spend nearly 10,5 years on work, but we use up to 60 percent of our time productively, which means that only 3 out of the 5 business days are...

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A hundred and fifty million forints of fake medicines were seized in Hungary

Fake medicines worth over 150 million HUF were seized in Hungary within the 11th Pangea International Action Week against counterfeit medicines – was said at the press conference of the...

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After a two-month decline, the GKI economic sentiment index rose in October

After a two-month decline following its historic peak in July, the GKI economic sentiment index rose slightly in October. According to the empirical survey conducted by GKI with the support...

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Magazine: Smart Christmas and a Robot New Year!

The end-of-year period is the high season for small (household) appliances. According to Márton Rózsa, head of consumer electronics sales at Samsung Electronics, the seasonality of small appliance sales is...

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KSH: Earnings grew by 10.1 percent In August

In August, gross average earnings reached 321 172 forints, net average wages 213 579 forints, which is 10.1 percent more than a year before. In the first eight months of...

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The Hungarian Post expects a growth in packet traffic

With the growth of e-commerce, the number of shipments has also increased considerably in recent years, the Hungarian Post transported more than 21 million domestic packets last year and over...

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Coface: 71 Hungarian companies in the regional top 500

A total of 71 major Hungarian companies are listed on the list of the 500 largest companies in the region, which are listed on a yearly basis, and Hungary is...

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Recycling and reuse in the Duna Plaza Green Campaign

Environmental protection is vital for all of us, as our planet’s secure future, according to current conditions, will not be bright or particularly long. The aim of Klépierre, the operator...

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The University of Debrecen will be a center for food safety competence

A scientific-business cooperation agreement was signed between the University of Debrecen (DE) and the representatives of the domestic enterprises on the development of in the system of food safety. Szilvássy...

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GDP is declining in the region, credit risk is increasing

Due to strong internal consumption this year, economic growth in Eastern Europe is 3.2 percent, but in 2019 growth will fall to 2.5 percent. According to Atradius Credit Insurance’ Barometer...

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The Balatoni Halászati Zrt. to be merged with the fishery management company

Balatoni Halászati Zrt. would be merged with the Balatoni Halgazdálkodási Nonprofit Zrt. (Balaton Fishery Management Nonprofit Company) (BHN). The merger would result the production of purely self-produced fish and the...

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The number of bank card abuses more than doubled

The number of bank card abuses more than doubled in the first quarter, compared to the 7200 cases of a year before, and almost 15,000 cases were registered on the...

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Nébih regards black foods as a risk factor

The National Food Chain Safety Office (Nébih) has identified a group of so-called black foods as a new food safety risk factor – the agency announced on its website. The...

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Retail sales expanded further

In April, retail sales grew by 4.4 percent in line with the raw data, while calendar effect adjusted, mainly due to Easter effect increased by 6.1 percent, compared to the...

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Hungary’s competitiveness has improved

Hungary is ranked 48th in the new competitiveness ranking of the World Economic Forum (WEF), which is a significant improvement compared to the 69th place of 2016 and the 60th...

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The loan portfolio of the Agricultural Credit Guarantee Trust exceeded 300 billion HUF

The loan portfolio of the Agrár-Vállalkozási Hitelgarancia Alapítvány (AVHGA) has more than tripled over the last five years and has exceeded the 300 billion forints. Herczegh András, the managing director...

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Milli desserts to be expanded with Creamy Cakes

The sugar-reduced version of the Milli Cream Cheese was born, which is the favorite of many people. In addition to the popular vanilla, the new Milli Fitt Cream Cheese will...

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About one thousand packets of untaxed cigarettes were seized by the NAV

About a thousand packets of untaxed cigarettes were found in a social home and the home of two social workers. The illegal tobacco products were seized – the National Tax...

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Here is the new Forgó Morgó drawing contest

After the great successes of the 2015 and 2016 drawing contest here’s another opportunity for kids to show their talent. Following the earlier traditions of the APPLiA Hungary Association, the...

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