Market News
ITM: the government supports the domestic SME sector with a supplier development program
The government is assisting the development of the Hungarian small and medium-sized enterprise (SME) layer with the supplier development program launched in 2017 – György László, Minister of State of...
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The itemized tax of small taxpayers is becoming increasingly popular
The itemized tax of small taxpayers (kata) is becoming more and more popular. On 1 January 1, more than 315,000 businesses have chosen this tax form that requires minimal administration...
Read moreThe pace of consumer price increases decelerated in December in Germany
The annual rate of rise in consumer prices decelerated further in December in Germany, according to the final data of the Federal Statistical Office (Destatis) published on Wednesday. In December,...
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The EP proposes a better EU authorization procedure for plant protection products
The European Parliament voted on the more transparent authorization procedure for pesticides in the EU at its plenary session on Wednesday in Strasbourg. According to the information of the press...
Read moreKSH: Prices rose by 2.8 percent last year and by 2.7 percent in December
Last year, consumer prices were on average 2.8 percent higher than a year before, when inflation was 2.4 percent year-on-year. In December, prices rose by an average of 2.7 percent,...
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This year, neta has a net income of 57 billion
This year, the public health product tax for the health sector will generate 57 billion HUF revenue – Joó Tamás Health Economist told M1 news channel on Monday. The public...
Read moreInflationary pressures on the economy are strengthening
Inflationary pressures on the economy are strengthening – macroeconomic analysts told MTI. This year the core inflation could reach 3 percent permanently, while the National Bank of Hungary (MNB) could...
Read moreThe number of company foundations may grow further, according to Opten
Based on company court data, last year, 27,647 companies were established, but more was lost. This year, the number of company foundations may increase – according to Opten’s announcement on...
Read moreThe Agricultural Chamber and AGRYA help farmers with professional programs
The National Agricultural Chamber (NAK) in cooperation with the Hungarian Association of Young Farmers (AGRYA) organize professional programs from about 10 million forints for the vocational education of young farmers...
Read moreNAV strikes back: Forty million cigarettes in 11 months
Until the end of November, forty million cigarettes and 15 tons of tobacco were withdrawn from the black market by the tax office – Magyaridok.hu wrote. The fight against illegal...
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ITM Minister of State: consumer protection keeps the safety of families and the protection of fair businesses in mind
As in recent years, consumer safety and the protection of fair businesses remain in the focus of consumer protection in 2019 – Kara Ákos, Minister of State of the Ministry...
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The net financial wealth per GDP increased ther most in Hungary within the V4
According to a recent analysis by the Századvég Gazdaságkutató Zrt., the net financial wealth of households in GDP has increased the most in Hungary, compared to other Visegrád countries since...
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Euro area’s foreign trade surplus decreased
In November, the euro area foreign trade surplus decreased and the foreign trade surplus of the European Union became deficit after the previous year’s surplus. The European Union’s Statistical Office,...
Read moreThe Russian post office is already selling beer
The Russian Post Office started to distribute beer in 3200 offices – the press service of Pocsta Rosszii told RNA news agency on Tuesday. In the autumn, the Russian Post...
Read moreProducer prices increased further
In November last year, agricultural producer prices increased by 4.4 percent compared to a year before. The price of plant products increased by 9.1 percent, while the price of live...
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With the collaboration of the Chamber of Agriculture, the Hungarian onion sector can become more stable
With the collaboration, the Hungarian onion industry – that had a great year last year – could become more stable, but to compensate market fluctuations, storage capacities should be increased...
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We are getting less and less variable-interest loans
People are getting less and less variable interest loans. The proportion of fixed interest rate safe loans increased in 2018 – Trencsán Erika, expert of BankRácio.hu told M1 news channel....
Read moreNébih: African swine fever virus was identified in another area in Borsod
The Laboratory of the National Food Chain Safety Agency (Nébih) detected African Swine Fever (ASF) in the corpse of a wild boar found on the outskirts of the village of...
Read moreCompetitive estates are needed
The development of technology and precision procedures in agriculture require competitive economies to be established – Jakab István, president of the Hungarian Farmers Association told M1 news channel on Monday....
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Nébih withdrew baby food out of circulation
Because of foreign material resembling plastic, the National Food Chain Safety Agency withdrew some of the items of the OVKO-branded baby dessert without added apple – the National Food Chain...
Read moreThe Budapest Airport received carbon neutral rating again
Budapest’s Liszt Ferenc International Airport acquired the carbon neutral rating again, while the operator, the Budapest Airport announced another 10 percent reduction in CO2 emissions. According to the company’s announcement...
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Randstad: impact of a multi-generational workforce
Talking about the various generations in the workforce, 86% of the global respondents prefer working in a multi-generational team, according to the latest Randstad Workmonitor. 85% declare themselves as working...
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Magazine: Hypermarkets and drugstores in an expanding market
At the Business Days conference Péter Kurucz, retailer services director of Nielsen gave a presentation about drugstores and hypermarkets. The director revealed that Hungarians had more money to spend and...
Read moreCommitment to remove dangerous products faster
Four major online marketplaces, Alibaba, Amazon, Ebay and Rakuten-France signed an agreement on Monday to remove the dangerous products – the European Commission announced. According to the information, the giant...
Read moreFAO: Why we need bees for a nutritious future
Disappearing pollinators can mean losing some of the nutritious food we need for a healthy diet It’s early May in one of Spain’s most prolific honey-producing region, and Julio Solana...
Read moreThe confidence of SMEs has decreased
The confidence index, reflecting the expectations of companies has fallen by two points, so it is standing on five points – the K&H survey reveals – Világgazdaság Online wrote. The...
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Hungarian Bioculture Association: organic farming and bio fuel production are in sharp contrast
Recently, we have read articles in several places that organic farming is more damaging to the climate than intensive conventional farming. This was published on the basis of a misinterpretation...
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The amount of cash in circulation has increased in Hungary
In recent years, the amount of cash in circulation in Hungary has increased – Németh Dávid, analyst of K&H told M1 news channel. According to the analyst, although cash is...
Read moreMoody’s: Central and Eastern Europe starts 2019 in a stable credit situation
The EU economies of Central and Eastern Europe start 2019 in a stable credit situation, but they also have to consider that the external environment will be less favorable this...
Read moreNAK: the amendment of the Land Traffic Act increases the competitiveness of agriculture
The amendment to the Land Traffic Act, which came into force on Friday, reinforces the role of farmers living locally, contributes to increasing the competitiveness of agriculture and reducing abuse,...
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