Market News
Domestic companies are not yet prepared for Brexit
The majority of Hungarian companies find it avoidable for the UK to leave the European Union without an agreement, so it they do not yet prepared for the consequences of...
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The lowest inflation of the past nine months occurred in the euro area in January
In January, the lowest inflation rate of the past nine months in the euro area was recorded by the European Union Statistical Office, Eurostat, on the basis of final figures...
Read moreHalf of the world’s asparagus production is provided by China
Asparagus is practically available on 365 days of the year in China, yet only half of the population knows it – magyarmezogazdasag.hu wrote. Half of the world’s total asparagus production...
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The Czechs do not trust the Polish food controls
According to the Czech Minister of Agriculture, Prague continues to consider it necessary to strictly control Polish beef, because they do not trust the Polish food control system. In his...
Read more20 percent of the Russian GDP is from black economy
The black economy last year accounted for 20 percent of Russian GDP and represented about 20,000 billion rubles – the Russian Federal Audit Office (Rosfinmonyitoring) told RBK Russian economy daily....
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Magazine: POPAI winners in 2018
The winners were ceremonially announced in 5 categories in the POPAI Awards 2018 POP competition on 15 November 2018, at the headquarters of the Budapest Chamber of Commerce and Industry....
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GKI: Business expectations deteriorated slightly, while consumer expectations improved in February
Although the GKI economic sentiment index was rising constantly in the last quarter of 2018, it declined during the first two months of 2019. Of business expectations only expectations of...
Read moreThe European Commission raises the maximum amount of national support for farmers to 25,000 euros
The European Commission is raising the current ceiling for national support to farmers from 15,000 to 25,000 euros. According to a Brussels panel’s announcement published on Friday, the new EU...
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NAK organizes a series of food hygiene and safety events
The Food Industry Directorate of the National Chamber of Agrarian Economics (NAK) holds a “Food Hygiene and Safety for Small and Medium-sized Enterprises” event at three venues in the context...
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Average earnings could rise by 9 percent this year
As a result of the wage agreement concluded last December, according to which the minimum wage and the guaranteed minimum wage increased by 8 percent from January 1, 2019, the...
Read moreBusiness sentiment in Germany is on a four-year low
In February, the business sentiment in Germany was worse than expected, decreased to a more than four-year low – according to a survey conducted by the Munich-based ifo economic research...
Read moreBrexit without agreement may bring steep rise in prices and a lack of food
Due to food shortages and sudden high tariffs, there would be a risk of steep price increases if the UK would leave the European Union without agreement during the Brexit...
Read moreAir freight traffic slightly increased in 2018
To a lesser extent than in the previous year, air traffic increased by only 3.5 percent in 2018, according to the data of the International Air Transport Association (IATA). According...
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(HU) 38 ezer fővel kevesebb a foglalkoztatottak száma a boltokban
Sorry, this entry is only available in HU....
Read moreKSH: retail sales increased by six percent in 2018
Retail trade turnover in December last year was 3.7 percent higher than a year ago, according to the raw data. Calendar day effect adjusted the growth was 4.1 percent. In...
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The average earnings increased by more than 11 percent last year
In December last year, the average gross earnings were 360,000 HUF, 10.2 percent more than a year before. In January-December 2018, gross average earnings were 329,900 HUF, and net average...
Read moreEurostat: Fruits are grown on nearly 36.3 thousand hectares in Hungary
In Hungary, fruit was produced on 36.3 thousand hectares in 2017. In the European Union (EU) fruit trees covered nearly 1.3 million hectares of land, two thirds of which were...
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Nielsen: consumer spendings increased
Nearly half of the Hungarians (46 percent) believe they are wealthier than five years ago. The European average is 37 percent. Globally, 58 consumers out of one hundred are more...
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Bakery products can become more expensive
We can expect a further increase in the price of bakery products this year – rtl.hu reported. According to a fresh report of the Central Statistical Office (KSH), wheat is...
Read moreEOS: about 8 percent of Hungarian companies’ revenue is from the collection of late debts
Last year, about 8 percent of companies’ revenues came from the collection of late debts. It is an increase of 2 percentage points, compared to 2017. According to EOS Group’s...
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The German government would reduce the amount of food thrown out by 50 percent
The German government has adopted a strategy to reduce food waste by 50 percent on Wednesday. The 11 million tons a year to be cut by 2030 by 50 percent....
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The inspection of beef from Poland was tightened in the Czech Republic
The Czech Republic tightened the inspection of beef imported from Poland on Wednesday with immediate effect. Miroslav Toman, Minister of Agriculture at an extraordinary press conference in Prague, announced that...
Read moreThe sales of smartphones have stopped worldwide
In the fourth quarter of last year, the rise in the sales of smartphones in the world market has stopped. In the fourth quarter of last year, global smartphone sales...
Read moreThe volume of plant production and livestock production increased
Hungary was among the best performing EU countries on the basis of the real income of production factors per labor unit – Világgazdaság Online wrote on the basis of the...
Read moreNagy István: 2019 will be the year of construction in agriculture
Mezőhegyes is exemplary from the point of view of the history and future of Hungarian agriculture, Nagy István, Minister of Agriculture said on Tuesday at a press conference held in...
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The construction of a producer market and cold stores was started in Letenye
The construction of a covered producer market and a cold store was started in Letenye, with an investment of nearly 236 million HUF – the city council informed MTI. According...
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The rule of advertising for nutritional supplements is changing
The law on specialty medical products will come into force on 22 February – according to which advertising must not contain any health claim. The ÖRT draws attention that the...
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Nébih’s Complex Educational Program is successful
The Complex Educational Program of the National Food Chain Safety Office (Nébih) is successful. The program seeks to expand food safety knowledge among preschoolers, primary school students and college students...
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Laboratory meat, such as cattle breeding, can cause more damage to the environment in the long run
Meat products that grow in the laboratory over the long term may contribute to global warming more than some ways of cattle farming – researchers of the University of Oxford...
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