Market News
MNB: households and companies have saved more when borrowing in 2017
Companies and households have raised their bank deposit last year more than their credits -according to the data released by the National Bank of Hungary on Thursday. It can be...
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MLBKT: the Purchasing Manager Index broke records in January
The seasonally adjusted value of the Purchasing Manager Index (PMI) broke records, reaching 60.9 points in January. The index continues to show dynamic growth, its value is higher than the...
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The NAK provides soil testing services to its members
The National Chamber of Agriculture (NAK) also offers laboratory soil testing to its the members with the participation of the University of Kaposvár (KE) – the chairman of the public...
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The Nébih suspended the operation of a bakery in Budapest
Because of serious technical and hygienic deficiencies, the National Food Chain Safety Office (Nébih) suspended the operation of the Budapest-based Berliner Kft. bakery and confectionery production plant with immediate effect...
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The use of modern technologies helps in market entry
The owners of 12 family farms in Nagyrécény Zala county produce berry fruits in covered plantations. The farmers have invested 1.2 billion forints into the production sites and expect that...
Read moreHungary insists on maintaining EU agricultural subsidies
Hungary insists that the level of EU agricultural subsidies should not be reduced and is against the solution that some Member States will counterbalance this by raising their own state...
Read moreSMEs started the year positively
The K&H SME confidence index is showing a strong growth, reflecting the positive expectations of the sector this year. The indicator is now at 8 points after a 6-point increase,...
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Analysts: the labor market has reached full employment
The Hungarian labor market has reached the state of full employment in economic terms in 2017, which is why the unemployment rate may decline only marginally this year – market...
Read moreLondon analysts: Central European EU economies began the year “very strong”
London’s financial analysts said that the Central European EU economies began the year with a “very strong” growth momentum. The current annual growth rate is close to 6 percent. The...
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The Hungarian National Trading House is connected with more than 700 companies in the Vajdaság
The Hungarian National Chamber of Commerce (MNKH) is connected with with more than 700 local businesses through its two offices in the Vajdaság (Voivodina) and has been involved in the...
Read moreThe EU rules do not allow the use the name pálinka in Transylvania
Today, the EU rules do not allow the use the name pálinka in the labels of distillates produced in Transylvania. Recent days Fazekas Sándor Minister of Agriculture has announced that...
Read moreConsumer confidence has improved in the United States
After the decline in December, consumer confidence in the United States strengthened in January. The Conference Board economics research institute announced on Tuesday that its consumer confidence index rose from...
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Magazine: All in – for the perfect washing-up
Dishwasher detergent sales are growing the fastest in hypermarkets, drugstores and traditional retail units. We learned from Orsolya Balázs brand manager of Henkel Magyarország Kft. that they keep monitoring market trends and...
Read moreThe sales price of wine rose by five percent
The sales price of domestically produced wines increased by more than five percent per hectolitre in 2017, compared to the previous year’s prices – agrarszektor.hu wrote. While the Hungarian wine...
Read moreInflation was 2.5 percent in November
In November, annual inflation was again 2.5 percent, compared with the previous month, consumer prices increased by 0.4 percent on average – the Central Statistical Office (KSH) reported on Friday....
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Hungary is willing to raise its payment for EU agricultural subsidies
Hungary is interested in a simpler and more prosperous EU common agricultural policy (CAP) in the post-2020 period – Fazekas Sándor, Minister of Agriculture told in Brussels on Monday. Fazekas...
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KSH: employment remained at a 68.8 percent record level
In the fourth quarter of last year, the average number of employees was 4 million 447 thousand, 36 thousand ie 0.8 percent more than a year before. The employment rate...
Read moreThe digital transformation in economic growth is becoming increasingly important
The digital transformation, the industry 4.0 plays an increasing role in economic growth – Lepsényi István, Minister of State Secretary of the Ministry of National Economy (NGM) stressed on Tuesday...
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The Nébih seized a tonne of meat in Nébih
The National Food Chain Safety Office (Nébih) prohibited the marketing of almost one tonne of meat and ordered its destruction, after an inspection in Baranya County – the authority told...
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Spirits forgers were busted
Up to 75 hectoliters of alcoholic beverages could have been marketed from the fake material found in Polgár, Hajdú-Bihar County. The financial investigators of the National Taxes and Customs Administration...
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Economic sentiment has deteriorated in the euro area in January
Economic sentiment in the euro area has deteriorated in January, but it remained close to the 17-year peak reached last month. According to a report released on Tuesday by the...
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The Polish president signed the law restricting the shops to open on Sundays
On Tuesday, the Polish President Andrzej Duda signed the law restricting the opening hours on Sundays. The law enters into force on 1 March. The stores have to be closed...
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From the spring, the acrylamide content of foods should be reduced
The Decree on the mitigation of levels for the reduction of acrylamide in foodstuffs should be mandatory used from 11 April 2018 – the National Food Chain Safety Office (Nébih)...
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Fidelity: International stock outlook: global recovery
It has been a banner year for US stocks, but internationally things have looked even better. International stocks, as measured by the MSCI All Country World Index (ex-US), were up...
Read moreNGM: growth in retail sales by the end of the year
Retail sales increases further in the last two months of the year, partly due to the spendings on holidays – Pomázi Gyula, Deputy Minister of State responsible for Industry Strategy...
Read moreFazekas discusses the preservation of agricultural subsidies
Fazekas Sándor, Minister of Agriculture is negotiating over the post-2020 support system for the Common Agricultural Policy (CAP) at the International Grüne Woche exhibition in Berlin – agrarszektor.hu wrote. The...
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The hail-reduction system will start from May
From May it is possible to use the Jéger, the hail damage reduction system in the whole country – agrarszektor.hu wrote. However, according to the experiences of insurers and the...
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Nébih: the second tranche of the surveillance fee must be paid by the end of January
The deadline for payment of the second tranche of the food chain management fee expires on 31 January – the National Food Chain Safety Office (Nébih) pointed out. According to...
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Thousands of false condoms were seized by NAV
More than eight thousand packs of protected branded false condoms were seized by the National Tax and Customs Office – the Tax Authority informed MTI. The staff of NAV’s Pest...
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Dietitian: there are many misconceptions about children’s diets
There are a lot of misconceptions about children’s diets. The arents especially find these misconceptions on the Internet, – Lukasz Rebeka, dietitian told M1 news channel. The expert said that...
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