Market News
American 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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Poultry can be more expensive
The rise in production costs on poultry meat justifies price increase – the Magyaridok.hu quotes the Poultry Products Board. According to the profession, it is questionable whether the supermarket chains...
Read morePM: investments in the field of transport and storage grew with the greatest extent
All sectors of the economy contributed to the dynamic expansion of investments, the largest increase was observed in transport and storage – Balogh László, Deputy Minister of the Ministry of...
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The transportation of industrial apples has begun to the processing plants in Szabolcs-Szatmár-Bereg county
Following the agreement of the buyers and the producers, the transportation of industrial apples to the processing plants started on Thursday in Szabolcs-Szatmár-Bereg county. The persistence of the growers has...
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The tested school tools met the requirements
The nationwide consumer protection study ordered by the Ministry of Innovation and Technology (ITM) ended with a good result: the 40 different color pencils, watercolors and plastic kits all complied...
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Analysts: the labor market suggest further optimism
The situation of the labor market continues to suggest optimism and approaches the state of full employment. The number of people employed broke another record, and the number of inactive...
Read moreThe G20 Group’s international commodity turnover has declined
The G20 Group’s international commodity turnover has declined in the second quarter, after more than two years of increase. According to figures published on Wednesday by the Organization for Economic...
Read moreA minimum wage of 8.84 euros per hour is paid to an agricultural worker in Germany
Three months or 70 working days – a seasonal agricultural worker could work without a social insurance burden in Germany until now. However, when introducing the mandatory minimum wage system...
Read moreSocial media is making you fatter!
New research suggests that the more time people spending on Facebook and other social networking sites, the less time time they spend playing team sports, exercising, and just being physically...
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