Market News
The European Commission has improved its growth forecast for Hungary
The European Commission has improved its forecast for the growth of Hungarian gross domestic product (GDP), expecting 3.4 percent growth for this year, compared to the 3.2 percent previous expectations....
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FAO: world food prices rose in January
In January, world food prices increased, mainly due to higher prices of dairy products, oilseeds and sugar. The five basic food price indexes of the UN Food and Agriculture Organization...
Read moreNearly a quarter of retail workers are employed part-time
About 12 percent of the physical workers in the domestic competitive sector are employed part-time, but in retail, this percentage is even higher; 23 percent, with a decrease of 5...
Read moreThe agricultural chambers of the Visegrád countries discussed the future of the common agricultural policy in Veszprém
The future of the Common Agricultural Policy was discussed at the 71st Veszprém Meeting of the Chambers of Agriculture of the Visegrád Countries (V4). At the two-day meeting the increase...
Read moreKH: the share of small businesses in public procurement broke a record last year
The total value of last year’s 10 361 successfully completed public procurement contracts exceeded 3294 billion HUF. The proportion of negotiated (hnt) and one recommended public procurement fell further, the...
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Eleven thousand tons of food was sent to the needy
Last year, the Food Bank (Élelmiszerbank) saved 11,000 tons of food from destruction. This means that, on average: Instead of the destruction over 30 tonnes food a day, the association...
Read moreCareless workers are the biggest cyber risks for the domestic companies
Nearly 80 percent of companies have experienced a cyber security incident in recent months in Hungary. In most cases, the successful attacks are focused on the companies’ own employees –...
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Greek truffles are becoming more popular
The market for truffles is dominated by Italian and French products, but their prices have jumped into the sky recently. So, Eklekto, who had begun scrutinizing the Greek Forests last...
Read moreAnalysts: retail sales growth was surprisingly slow last December
The annual growth rate of retail sales surprisingly slowed down in December last year – market analysts told MTI, commenting the data of KSH’s first estimate published today. They conclude...
Read moreSeed Alliance: the area of spring barley and oats continues to decrease
In the case of spring barley, a net price of 100 thousand HUF per tonne and in case of oat a 105 thousand HUF per tonne price was published by...
Read moreThe creation of the tracking system for tobacco products could cost four billion
The ND National Tobacco Trade Nonprofit Zrt. launched a public procurement procedure for the development of a monitoring system for tobacco products, with an estimated value of 4 billion HUF....
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In the past seven years, retail sales in the euro area fell the most in December
In December, retail sales in the euro area have fallen with the largest extent in the euro area of the past seven and a half years, according to a statement...
Read moreRomanian retail sales grew by 5.4 percent last year
Last year, the volume of Romanian retail sales increased by 5.4 percent, compared to the previous year – the Romanian National Statistical Institute announced on Tuesday. According to the seasonally...
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American agriculture suffers from Arctic cold
The Arctic inflow of icy air has forced slaughterhouses and grain processors in the United States to temporarily shut down. The temperature in the Midwest region has fallen to such...
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Magazine: A pack of chewing gum and a box of marijuana, please!
According to a Bloomberg report, published by Convenience Store News in August, sales in the marijuana segment of FMCG products can reach USD 50 billion by 2026. In the USA...
Read moreThe new livestock law to come
It is expected that the new Animal Breeding Act will be adopted in the spring, which will enable Hungarian breeding organizations to defend their positions against their multinational competitors in...
Read moreRetail sales increased by six percent in 2018
In December last year, retail trade turnover was 3.7 percent, according to the raw data, while calendar effect adjusted it was 4.1 percent higher than a year before. At the...
Read moreThe agricultural output exceeded 2,700 billion HUF
The key issue for the development of Hungarian agriculture is to increase production, which can be achieved by improving competitiveness and efficiency – Nagy István, Minister of Agriculture said on...
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There may be a shortage of domestic seed in case of some arable crops
The Seed Association Interprofessional Organization and Product Council (VSZT) warns of the risk of domestic seed shortages in case of spring barley and oats, due to the declining crop area....
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MNB: corporate lending accelerated in 2018
According to the data of the National Bank of Hungary (MNB), corporate loan demand picked up last year. At the end of December, the debt of non-financial corporations against domestic...
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The government will spend 150 billion HUF on the Hungarian Village Program this year
This year, more and more central budget resources will be spent on settlement development in Hungary, of which 150 billion HUF will be spent on the Hungarian Village program –...
Read moreRetail sales in the Czech Republic increased by 4.8 percent last year
Compared to last year, retail sales in the Czech Republic increased by 4.8 percent – the Czech Statistical Office (CSÚ) announced on Tuesday in Prague. A year before, in 2017,...
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Economic sentiment is on a four-year low in the euro area, according to ifo’s survey
The economic sentiment for the first quarter in the euro area fell to a four-year low, according to an analysis by the University of Munich’s Ifo Institute for Economic Research...
Read moreMagazine: Organic connections
The Hungarian Cosmetics and Household Chemicals Association (KOZMOS) is 25 years old in 2018. On 24-25 October they organised their annual conference in Visegrád. General secretary István Murányi opened the...
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VAT reduction on milk resulted in cheaper milk
As a result of the VAT reduction on milk, fresh milk is now 4-5 percent cheaper than before. The VAT reduction of the UHT and ESL milk in January this...
Read moreRaiffeisen expects 3.4 percent growth this year
This year, the economy may grow by 3.4 percent in Hungary, but in 2020-2021, the economy is expected to grow by only 2-3 percent – RaIffeisen Bank told MTI in...
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Producers have to adapt to the new challenges of fish farming
The new challenges for fish farming have to be adapted by the European Union and Hungary, and besides the economic benefits, the development of fish farming in Hungary would result...
Read moreImports increased
In November last year, the value of exports calculated in euro increased by 4.5 percent, while the value of imports calculated in euro increased by 7.3 percent – according to...
Read moreChinese imports increase customs revenue significantly
Due to the arrival of Chinese goods to Hungary, the customs procedures performed by the National Tax and Customs Board (NAV) have increased significantly, and the amount of customs revenue...
Read moreThe sentiment of American consumers are above expectations
Compared to December, the US consumer sentiment weakened, but were above expectations in January – according to the regular monthly survey of the University of Michigan. The January consumer sentiment...
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