Market News

Magazine: Less money available to pay workers for extra hours

In the last four years those who work in retail trade did 30 percent more overtime. Meanwhile the salary costs of employers increased by 40 percent, HUF 180 billion – informed...

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The Széchenyi Program Office supported the delivery of 1000 billion HUF EU funds

The Széchenyi Program Office contributed in the delivery of 1000 billion HUF EU funds, which is about 40 percent of the 2488 billion HUF EU subsidy allocated to the Hungarian...

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Hundreds of thousands of fake chocolates were seized by the financiers

More than 30 million HUF worth fake confectionery were seized by the financiers near Lajosmizse – the National Tax and Customs Administration (NAV) informed MTI. Fehér Andrea, the press officer...

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German foreign trade broke all records last year

The value of Germany’s exports and imports has risen to all time record level last year, reflecting the strong growth of the German economy and the world economy. According to...

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Retail sales grew by 5.6 percent in 2017 in the Czech Republic

In the Czech Republic, retail sales grew by 5.6 percent in a year-on-year comparision, according to the Czech Statistical Office (CSÚ). Calendar effect adjusted (two workdays less than in 2016)...

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Most of the announcements affected fruits and vegetables in the EU

Last year, a total of 2930 reports were submitted to the RASFF at the EU level, according to the recently published summary of the European Commission, and 88 percent of...

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Romanian retail sales grew by 10 percent

The volume of Romanian retail sales grew by 10.2 percent in the first ten months compared to the same period of last year, according to the Romanian National Statistical Institute....

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Alternative foods are offered by European scientists

Europe’s scientific academies say that urgent action is needed in the area of nutrition and nutrition safety: Europe needs to change its dietary habits to avoid hunger caused by climate...

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Magazine: Print media is more efficient and reliable than social media

Higher trust drives higher purchase intent. According to a recent study commissioned by NewsMediaWorks, consumers trust advertisements and articles published in daily papers more than those in other media channels....

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NGM: Retail sales are rising for 54 months

Retail sales have been rising steadily for 54 months – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel commenting on the latest...

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The European Commission is expecting a a GDP growth of 3.7 percent for this year and 3.1 percent for 2019 in Hungary

The European Commission has published its winter economic forecast for the European Union as a whole and for each Member States. In the recent assessment of the economic and financial...

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The SME development strategy is under shaping

The SME development strategy that helps the development and the growth of the Hungarian small and medium-sized enterprises (SMEs) is under shaping – Balogh László, Deputy Minister of State of...

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The extreme weather may cause great damages to agriculture again this year

The effects of climate change also increase the sensitivity of the plants. In this context, only last year, Generali paid for nearly 1,500 agricultural damages: for example, the insurance company...

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Japanese love edible shelled bananas

Consumers from all over the country have traveled to the southwest of Okayama specifically for edible shelled bananas. And although a special banana’s costs 6 USD (1,500 HUF) a piece,...

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Dynamic growth in retail sales continues

Retail sales will increase in the next few months at a rate similar to last year, according to analysts interviewed by MTI. On the basis of the data released by...

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Analysts: Foreign trade impoves

Although the surplus of the foreign trade balance declined in October, the turnover grew significantly, according to macroeconomic analysts interviewed by MTI. Suppan Gergely, analyst of Takarékbank pointed out that...

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Russian agricultural export has grown despite the embargo

Despite the food embargo, Hungary has been able to increase its export of food to Russia and to increase its joint venture cooperation – Fazekas Sándor, Minister of Agriculture told...

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Nébih: No swine fever virus has been detected in Hungary so far

The presence of the virus of the African swine fever (ASP) has not been detected so far in Hungary – the National Food Chain Safety Office (Nébih) confirmed it to...

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FM: The success of agriculture depends on adaptation

The success of Hungarian agriculture depends on whether digitalisation can be used, how quickly it applies the most up-to-date computing techniques and precision management – the Parliamentary Minister of State...

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The Food Bank saved more than 9,000 tons of food last year

Almost 400 trucks, 9300 tons, and 5.2 billion HUF worth foods were saved by the Hungarian Food Bank Association last year, helping to more than 300,000 needy people. In its...

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EBay expects that in the first months of 2018, more businesses will start trading online

New Year is often a period of new beginnings. This is true even if we plan to launch an online business – according to eBay’s survey. The data shows that...

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Consumers to be free to order online

In the future, consumers will have the freedom to choose where they can order via the net, because online retailers can not refuse their purchase intention on the basis of...

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Romanian retail sales volume grew by 10.7 percent last year

Last year, the volume of retail sales grew by 10.7 percent compared to the previous year in Romania – the Romanian National Statistical Institute announced on Monday. Sales of non-food...

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Most executives are optimistic, but IT developments may stagnate

The Rentasystem has released its fourth annual survey on IT investments and financing background of the domestic SMEs and large companies. This year, the survey also covered production equipment and...

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Magazine: Swedish cuisine has its own treasures

Although Scandinavian cuisine isn’t the best-know in European gastronomy, we get the chance to try some typical Swedish dishes in the restaurants of IKEA stores. The Swedish like meat very much...

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KSH: retail sales increased by 4.8 percent last year

Together with the 4.7 percent increase in December, retail sales grew by 4.7 percent last year as a whole, compared to the previous year. According to the calendar effect adjusted...

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NMHH: the number of product placements has increased significantly

According to the National Media and Communications Authority (NMHH), the number of product placements increased by 75 percent in the first half of 2017, compared to the same period of...

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The Seed Association published a 92,000 HUF net price per tonne for sealed seed of spring cereals

The Seed Association Interprofessional Organization and the Board of Products has published a net price of 92,000 HUF per tonne for sealed seed of spring cereals. According to the interbranch...

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Bisnode: The most risky industry is the food industry

Last year, the number of termination procedures affecting business companies fell by 9.3 percent, thus initiating one-seventh fewer payment procedures – according to Bisnode Magyarország Kft.’s latest analysis of last...

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Special Hungarian fruit varieties to be promoted

The vote initiated by the Hungarian Horticultural Propagating Material Nonprofit Kft. (MKSZN) promotes special Hungarian fruit varieties – was said on M1 news channel on Sunday. Kasztovszky Zoltán, Managing Director...

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