Market News
Campaigns popularising Hungarian food products
The Hungarian Chamber of Agriculture (NAK) promotes Hungarian produce and groceries in many ways. As part of the ‘From Hungary to our homes’ programme a lifestyle page was created on...
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New Fanta Instamixes
In mid-September three versions of Fanta: Instamix hit the shops – chocolate, coconut and raspberry-orange. The recipe is simple: consumers need to pour the Instamix into a 0.5-litre Fanta orange...
Read moreThe price of pig decreased in one year
Compared to the beginning of the year, the price of pigs declined in comparison with the previous year in August this year – Világgazdaság Online wrote on the basis of...
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Cattle can be transported to the United Arab Emirates again
The agricultural ministry of the United Arab Emirates has removed Hungary from the list of countries with bluetongue disease. As a result of this measure it will be possible to...
Read moreHungarian companies are still crediting their customers at a record level
The proportion of deferred payments in domestic commerce (B2B) decreased, however, while the duration for invoicing and the number of bad debts increased. According to the Atradius Credit Provider’s Barometer...
Read moreMLBKT: PMI in September shows continued growth
The seasonally adjusted September value of the Purchasing Manager Index (PMI) was 53.8 points, which indicates that respondents reported more favorable processes than in the previous month. The index is...
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Insect farms to come
Those entrepreneurs who would set up insect farms in Hungary will be given every support from the Hungarian authorities – mfor.hu wrote. There is a possibility of establishing insect farms...
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Hungarian cash stock is significant
Hungarian cash stock is about 5,700 billion HUF. From a part of it, the population’s securities and equity purchases could be increased – Nagy Márton, the vice president of the...
Read moreMore than 175 million HUF worth smuggled cigarettes were found in a minibus
More than 175 million HUF worth smuggled cigarettes were found by the police in an Ukrainian minibus on Saturday in Vásárosnamény – the Szabolcs-Szatmár-Bereg County Police Headquarters announced on the...
Read moreGerman retail turnover decreased
Instead of the expected growth in August, retail turnover in Germany was lower than in the previous month – the Destatis federal statistics agency published on Monday. In August, retail...
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Japanese retail sales grew in August
In August, retail sales in Japan rose to an eight-month peak on an annual level, and industrial production showed an increase for the first time in the past four months...
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By 2025, the robots will take the lead
Digitized machines will have more workload than people in 2025, according to the study of the Davos World Economic Forum. While digitization will make a lot of workplace obsolete, it...
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My shop, my brand, my everything
Recently European retail chains have signed many strategic partnership agreements. One of these is a cooperation that Tesco and Carrefour started. Their objective is to unite the strengths of the...
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Greenhouse production can be increased by using geothermal energy
The greenhouse production of safe and high-quality products should be increased. The domestic supply could be increased with the expansion of exports and by the increasing use of geothermal energy...
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In June-August KSH employed 39 thousand more than a year earlier
During the June-August period, the average number of employees was 4 million 484 thousand, 39 thousand more than a year before. The employment rate of 15-64 year-olds increased by 0.8...
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EOS: Hungarians pay 77 percent of the invoices in time
77 percent of the accounts are paid in time by Hungarian customers, 19 percent arrives late and 4 percent is not paid at all, which corresponds to last year’s figures...
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Eurozone inflation accelerated in September
In September, the pace of consumer price increases in the euro area accelerated. The European Union’s statistical office, Eurostat, on Friday announced its preliminary report that euro area inflation rose...
Read moreThe spread of African swine fever has slowed in Romania
The spread of African swine fever in Romania has slowed down, no new infectious points have emerged in the last month in neighboring counties – according to the weekly report...
Read moreUS consumer spendings increased
Consumers’ expenditure in the United States increased steadily in August as a sign of strong economic growth, while annual consumer price indices excluding consumer and non-food prices had reached 2...
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The cooking oil recollecting system is tested in Kaposvár
In Hungary, so far, the collection, placement and processing of household used baking oil and grease has not been efficiently solved, but thanks to a collection system developed by the...
Read moreUS consumers are confident
The US consumer mood index has improved in June, according to Michigan University’s regular monthly survey, whose preliminary results were published on Friday. The consumer mood index increased to 99.3...
Read moreThis year 5 percent less grain was produced
This year, 6.9 million tons of grain was produced on a 1.3 percent more area, compared to the previous year, which is a 5.0 percent decline. The volatile weather had...
Read moreOpten: the number of wineries has decreased, but revenue grew
Over the past three years, the number of Hungarian wine-making companies has been steadily decreasing, while the sector’s revenue grew year by year, according to Opten’s company information service. According...
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The Agricultural Chambers of the V4 have signed a cooperation agreement in Indianapolis
A cooperation agreement has been signed to expand economic, trade and scientific relations, and to promote them, by the representatives of the agrarian chambers of the Visegrád countries with the...
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The Scitec Institute opened its doors
With the Library and Information Center of the Hungarian Academy of Sciences (MTA KIK), the Scitec Institute for Sport Performance started its operation within a strategic cooperation in Budapest. The...
Read moreNine thousand packs of smuggled cigarettes were found in an abandoned car on the Hungarian-Ukrainian green border
Nine thousand packs of smuggled cigarettes worth more than 12 million forints were found in an abandoned car by the financiers of the National Tax and Customs Administration (NAV) at...
Read moreThe confidence of French consumers dropped to two and a half years nadir
Instead of the expected stagnation, the consumer confidence index in France has risen to the lowest level in September for more than two years, according to the National Statistical Office....
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GDPR related challenges and opportunities related
The EU’s General Data Protection Regulation (GDPR) entered into force as of 24 March 2016, and after two years of preparations it is directly applicable as of 25 May 2018...
Read moreThe sales of tobacco products jumped in the summer
The strengthening of tourism, the period of the festival season and the holiday season jointly contributed to the fact that the population spent more than one hundred and eighty billion...
Read moreAutumn wheat was tested at ten sites
A total of 46 autumn wheat varieties were tested by experts within the post-registration breeding experiment organized by the Seed Alliance Interprofessional Organization and Product Council, and the National Association...
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