Market News
NGM: retail sales may continue to grow
Growth in retail sales may continue, as the outstanding wage increase may increase household consumption this year – the Ministry of National Economy (NGM) told MTI on Thursday. The Central...
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The EP has voted on the sheep and goat sector report
The Agriculture and Rural Development Committee of the European Parliament (EP) has voted for the sheep and goat sector report containing Hungarian proposals as well. According to Erdős Norbert, Fidesz...
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Agroforestry against climate change
One of the important tools for adapting to climate change could be the use of the several centuries old agro-forestry production culture in Hungary – Fazekas Sándor, Minister of Agriculture...
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BNP Paribas Cardif: the Hungarians are still afraid of unemployment
Compared with the previous quarter, the differences in employee confidence in some segments decreased slightly in November, but at the same time the index was still high, almost 70 points,...
Read moreTens of thousands of British cattle was slaughtered
Huge masses of cattle have to be slaughtered in the United Kingdom due to the spread of tuberculosis (TB) infection – agrarszektor.hu wrote. The number of killed animals has exceeded...
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Long-lasting food will be collected in the Catholic churches
Long-lasting food will be collected from next Sunday for a week in the Catholic churches – the Hungarian Catholic Bishops’ Conference (MKPK) informed MTI on Friday. The Catholic Church expects...
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The minimum wage gap is large in the EU
There is a huge, nearly eight-fold gap between the EU member states in the minimum wage. The highest minimum wage is paid in Luxembourg – according to a report released...
Read moreKSH: Retail sales increased by 6.1 percent in December
In December, retail sales grew by 5 percent, according to the raw data. Calendar effect adjusted, the growth was 6.1 percent. In 2017, the volume of turnover – according to...
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The EU has increased the allocation for the promotion of agricultural products
The European Commission has increased the amount of support to promote the European agricultural products within the EU and around the world to 169 million euros (about 52.4 billion forints)...
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Last year, the offices of the national trading house in Slovakia helped to conclude 420 million HUF worth business deals
The offices of the Hungarian National Trading House (MNKH) operating in Slovakia helped to conclude 420 million HUF worth business deals last year and more than 1 billion HUF, since...
Read moreFazekas: the EU Member States do not want to reduce farmers’ support
The Member States of the European Union do not want to reduce farmers’ support, the V4s are also committed in this – Fazekas Sándor, Head of the Ministry of Agriculture...
Read moreThe number of small breweries in the Czech Republic increased further
In the Czech Republic, the number of mini breweries was growing rapidly in 2017, exceeded 400 at the end of December. According to the Czech-Moravian Federation of Breweries 50 new...
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Consumer confidence has worsened in the euro area and in the EU
Consumer confidence declined in the euro area and in the European Union in February, according to the preliminary estimate of the European Commission. The consumer confidence index fell by 1.3...
Read moreThe export of agricultural products increased by one-third
The export of agricultural products increased by one-third over the past 7-8 years, of which 83 percent is aimed to the European Union’s (EU) member states – Fazekas Sándor Minister...
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More and more vending machines out of order
It is quite certain that Magyar Posta will not be able to do the wiring of the twenty-two-thousand- vending machines to the National Tax and Customs Office with automated control...
Read moreThe Hungarian agriculture is ready for the digital switchover
The digitization of Hungarian agriculture has its foundations, and the sector is ready to the digital switchover – Feldman Zsolt, Deputy Minister of State, responsible forAgriculture said at the opening...
Read moreGrowth is slowing in Hungarian online retail
Growth is slowing down in the Hungarian online retail market, while the domestic online market revenue has risen by almost 18 percent in 2017, compared to the previous year, so...
Read moreChamber of Agriculture: the farmers would expand the size of the irrigable area to fivefold
Instead of the current 80,000 hectares, the farmers would irrigate on 377,000 hectares in the future – according to the results of the irrigation water demand survey of the National...
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Analysts: real wage growth may continue at a more moderate pace
The real wage growth may continue this year at a more moderate pace, compared to last year – market analysts told MTI, after the Central Statistical Office (KSH) released its...
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The market for pet foods increased dynamically last year
The market for pet foods increased dynamically between February 2017 and January 2018. Hungarians spent 7 percent more on dog food, while 10 percent more on cat food – according...
Read moreThe Hungarian mergers and acquisition market has fallen significantly over the past year
In Hungary, the mergers and acquisition (M & A) market fell sharply according to the recent survey of the Allen & Overy International Law Firm. Lengyel Zoltán, Allen & Overy’s...
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New treatment was used to prevent nut allergies
It was possible to prevent nut allergies within a study involved a large number of patients. Within the research, sick children took a nut flour capsule each day for half...
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NGM: the number of employees in Hungary is increasing for more than five years
The number of employees in Hungary is increasing for 64 months, ie for more than five years – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...
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Online packages from China can arrive faster
The Magyar Posta Zrt. establishes a Chinese-Hungarian joint venture company jointly with two Chinese logistics companies with a share capital of 3 million euros (900 million forints). The agreement was...
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European Commission: The EU is characterized by vigorous economic activity and high employment rates
At the beginning of the 2018 European economic semester of the budgetary and social policy management, there is a strong economic activity, employment indicators are peaking, and declining unemployment has...
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Magazine: Anyone can afford having a bank card terminal
According to Ágnes Hornung, secretary of state at the Ministry for National Economy (NGM), in Hungary the proportion of electronic transactions is still much smaller than the European average. The bank...
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The poultry stock declined
Because of the bird flu, the Hungarian poultry in live weight decreased by 5.2 percent and its number decreased by 4.3 percent last year, compared to the previous year –...
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Milk sales at the supermarket chains
According to Világgazdaság, the Nielsen reported that the milk category within the sales of the chain of stores reached a turnover of 38.5 billion forints in the hypermarkets and supermarkets...
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KSH: 12.9 percent increase in average earnings last year
The gross average earnings were 327,700 forints in December last year, 13.5 percent more than a year before. In January-December 2017, the gross average earnings were 297,000 forints and net...
Read moreFazekas: The EU must support family farms
The new Common Agricultural Policy (CAP) should represent the interests of the small and medium-sized family farms and the present level of support can not be reduced – Fazekas Sándor,...
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