Market News
Fifty billion HUF tender opportunities to increase the value of agricultural products
It is possible to apply for the processing of animal and vegetable raw materials in the autumn, with a total budget of 50 billion HUF – agrarszektor.hu wrote. Among the...
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MNB: turnaround in corporate and retail lending
A turnaround in corporate and retail lending occurred in 2015, after the crisis – Nagy Tamás, head of department of the Hungarian National Bank (MNB) told M1 news channel. He...
Read moreIn August, the Purchasing Manager Index continued to rise
The seasonally adjusted August Value of the Purchasing Manager (PMI) index was 56.2 points higher than the 53.3 points of July. It is the third highest August value since 1995,...
Read moreNagy István: knowledge-based solutions are needed for agriculture
There is a need for knowledge-based solutions and tools to improve competitiveness in order to ensure that Hungarian products continue to find a market, and the industry to be able...
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The Quality Innovation Application for 2018 was announced
The Quality Innovation 2018 Application was announced. Applications can be submitted by September 20 – the Hungarian National Committee of the European Quality Organization (EOQ) told MTI on Tuesday. The...
Read moreRomanian retail sales increased
The volume of Romanian retail sales increased by 6.4 percent in the first seven months of this year, compared to the same period of last year – according to the...
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Brits are consuming healthy foods
Despite the fact that weather did not favor plants, the demand for organic food and beverages from organic farms will not drop, in fact, this year it has reached a...
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The acreage of soy and rape increased in Romania
Over the past five years, the area of oily plants has grown steadily in Romania, which reached one third of all arable land last year. Especially the area of soy...
Read moreAmerican breweries to innovate with marijuana
American breweries and beverage companies are planning to boost their stagnating turnover with marijuana – portfolio.hu wrote. Cannabis can be legally marketed in thirty US states and can be launched...
Read moreGKI: growth is faster than expected, but its pace is slowing down
GKI has raised its forecast for the growth of the Hungarian economy this year to 4.2 percent, but believes that next year economic growth will decrease to close to 3...
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The share of payers with credit cards grew
More than a quarter of card holders are trying to pay with cards in all possible cases, which is an increase of 10 percentage points since the most recent data...
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The Chamber of Agriculture is expecting less than average garlic crop in Hungary
Due to the extreme weather this year, less than average onions and garlic crops are expected in Hungary and throughout the European Union. The production area of the onion decreased...
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The EU supports school fruit, vegetables and milk distribution again this year
The school support program for the promotion of healthy eating habits among children will be able to distribute fruit, vegetables and milk in the educational institutions of the EU Member...
Read moreInsects hungry in the heat
With temperatures going up as the climate warms, the hungry caterpillars could get even hungrier, and more abundant. Crop losses to pests may grow – Világgazdaság Online wrote after Science....
Read moreGerman retail sales declined in July
In July, retail sales in Germany decreased more than expected, based on the Federal Statistical Office’s report. In July, retail sales declined by 0.4 percent, compared to the 0.2 percent...
Read moreSmuggled cigarettes were found on an international train in Záhony
More than four million forints of smuggled cigarettes were found on an international train from Ukraine at the border crossing point of Záhony, the press officer of the National Tax...
Read moreThis year, we ordered products worth about 180 billion HUF from the Internet
In the first half of 2018, online retail sales approached 180 billion forints, almost 25 billion forints (17 percent) over the same period of 2017. Due to the growth constraints...
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Soybeans can also receive reverse VAT
By creating GMO-free feed, the Hungarian food industry can become more competitive, even can reach market leadership and can have market protection role. The long-term goal of the Ministry is...
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Game meat is promoted by the Department of Agriculture
The Ministry of Agriculture is working hard to make game meat more important in mass catering, Bitay Márton said in Soponya at the 12th Game Gastonomy Festival. According to the...
Read moreAM: The development of horticulture also contributes to safe food supply
The development of the horticultural sector also contributes to safe food supply in Hungary, therefore to develop the sectoral research and professional background, and to strengthen agricultural training have utmost...
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KSH: export surplus was over 1 billion euros in June
In June, the value of exports in euro was 9.1 percent, the value of imports was 8.0 percent more than a year before, the surplus of foreign trade turnover was...
Read moreMadosz: tobacco production is worse than last year
Tobacco production in 2018 is expected to be lower and worse than last year. Due to the drought, producers expect a loss of 10-15 percent on average – the Hungarian...
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KKM: added value is the most important aspect in job creation
Instead of the number of jobs, the added value that is the most important aspect of job creation in Hungary – the Minister of State of the Ministry of Foreign...
Read moreGerman consumer sentiment is deteriorating
Instead of expected stagnation, the GfK consumer mood index in Germany has fallen in September – Világgazdaság Online wrote. The indicator has weakened for the second consecutive month. The German...
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Britain is looking for commercial opportunities in Africa
African and London analysts both question that British trade with Africa in some way could replace the downturn that is expected in the British trade after Brexit – Financial Times...
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The shops in Brussels cannot use thin plastic bags
The ban on disposable plastic bags of less than 50 microns enters into force on 1 September 2018, in Brussels and in the stores of the Brussels region – Belgian...
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In August, euro area inflation slowed down
The pace of consumer price increases in the euro area has been reduced in August – the European Union’s statistical office, the Eurostat annonced on Friday in its preliminary estimate....
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Nielsen: Hungarians ate 18 million frozen pizzas over a year
Between July 2017 and June 2018, 18 million frozen pizzas were sold in Hungary in value over eight billion forints. This exceeds the value of the same period of the...
Read moreKSH: the volume of investments increased by 15 percent in the second quarter
The volume of investments increased by 15 percent in the second quarter of this year and was 13.4 percent higher than in the first half of the year – the...
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MNB: lending expanded significantly in the second quarter
In the second quarter of this year, the loan portfolio of corporations, including small and medium-sized enterprises (SMEs) expanded considerably. However, lending of long-term fixed-rate loans in corporate lending did...
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