Market News

Tesco: another salary raise

In mid-August Tesco announced the third phase of this year’s salary increase programme: from 1 September almost every full-time store and logistics centre worker will earn a gross HUF 11,000...

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Henkel introduces new skin care brand

Authentic Swedish skin care brand Barnängen is now available all over Europe with its stylish skin care products. The brand was established by Swedish wholesaler Johan Wilhelm Holmström in 1868. Barnängen products...

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FruitVeB: there is still a large reserve in the Hungarian vegetable and fruit sector

In the Hungarian vegetable and fruit sector there are large reserves. The Hungarian production level is only 30-40 percent of the production level of Western Europe, competitiveness can be achieved...

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Trade Alliance: the turnover of Internet commerce may grow by 20 percent this year

It is expected that Internet commerce in Hungary may increase by 20 percent this year through, its total turnover could reach 370 billion forints by the end of the year...

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Eurostat: European coffee production grew by 10 percent in 10 years

In 2016, the European Union (EU) imported nearly 3 million tons of coffee, 10 percent more than 10 years ago. Imports amounted to 6.9 billion euros, Eurostat said in a...

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The Borászok Borásza Foundation announced a Scholarship Program

The Borászok Borásza Foundation (The Winemaker of Winemakers Foundation) announced a Scholarship Program for Young Wine Producers. The winner of the one million forint scholarships can take part in foreign...

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According to a survey people buy more with a credit card in the summer

The number of foreign bank card purchases grew by more than 30 percent in the summer, with a rise of nearly 32 percent in value.   The value of domestic...

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Domestic SMEs would conquer new markets

The domestic SMEs are looking for market opportunities. Four out of ten companies want to conquer a new market with their existing products, and more than twice as many of...

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Budapest Airport: Air cargo traffic has grown to record high in Budapest

The turnover of air cargo at the Liszt Ferenc International Airport has increased in a record extent. The already announced capacity-building investments continued at the airport – the Budapest Airport...

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Retail sales in Germany were less than expected in August

Retail sales in Germany increased slightly less than expected in August, in a year-on-year, comparision. Instead of the expected increase in monthly sales a decline was measured. According to preliminary...

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GKI: Forecast for 2017-2018

Following the continuous spectacular expansion in investments in the second quarter of 2017, GKI raised its GDP forecast for 2017 from 3.5 per cent to 3.8 per cent, and it...

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OMÉK: the milk truck received an audience award

The 78th National Agricultural and Food Exhibition and Fair (OMÉK) held between 19-24 September 2017 was ended with a great recognition for the Milk Interprofessional Organization and Product Board. The...

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Farmers can apply for consultancy support again

Farmers can apply for subsidized consultancy support again this autumn – the president of the National Chamber of Agriculture (NAK) announced on Thursday at a press conference in Budapest. Győrffy...

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The Digital Consumer Protection project has started

The Digital Consumer Protection project has started. The project is implemented by the Hungarian Government Development Agency (KIFÜ) and funded by the European Union with subsidy of 1,687 billion HUF....

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It will be a real sensation to find the super-tomatoe

Scientists are working on cultivating tomatoes in an experimental plantation in Israel, which can produce high yield, with a 90 percent lower water consumption. Unusually drought-tolerant types of tomatoes are...

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GfK: consumer sentiment in Germany has deteriorated

The German citizens assess their economic prospects slightly more worse than in the previous month, according to a consumer sentiment index of the GfK Market Research Institute published on Thursday....

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The European Commission has approved an investment package that supports environmental protection

The European Commission approved a 222 million euros investment package covered by the EU budget on Thursday that that supports environmental protection and climate policy program called LIFE for a...

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Blackmailer threatens with food poisoning in Germany

One or more blackmailers have threatened to poison food products in shops in Germany and elsewhere in Europe, unless they are given millions in cash, police warned on Thursday. Authorities...

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A small-scale production guide was prepared for good hygiene practice

A small-scale producer guide was prepared for good hygiene practice for food production and marketing, which is available free of charge on the website of the Ministry of Agriculture (FM),...

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Czerván: less corn is expected to grow this year

This year, less corn is expected to grow. The yield per hectare is below the record level of 2016, the Minister of State of the Ministry of Agriculture (FM) said...

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FM: the export of beef and rabbit meat to Singapore may soon begin

Hungary’s export of beef and rabbit meat to Singapore may soon begin – Fazekas Sándor, Minister of Agriculture said, after a meeting with Lawrence Wong, head of the Singaporean National...

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Hungarian households are more and more optimistic

According to internationally representative research carried out by teh Provident Pénzügyi Zrt. (Provident Financial Co.) and its parent company the International Personal Finance (IPF), one third of Hungarian respondents have...

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Rural development projects were announced in a value of almost 1000 billion HUF so far

The Rural Development Program (Vp) announced applications worth 969 billion HUF, about two-thirds of the 1300 billion HUF budget – the Minister of State of the Prime Minister’s Office in...

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KSH: the number of employees increased further

In the three-month period from the beginning of June to the end of August, the number of employees was 4 million 444 thousand people, 58 thousand more than a year...

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NGM: the government helps the innovative Hungarian companies to access foreign markets

The Hungarian government considers it a priority task to help the market expansion of the Hungarian innovative startup businesses to the international space – Varga Mihály said at the Startup...

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The autumn fish planting into the Lake Balaton has started

So far 47 tonnes of three-summer carp have been put into the lake, Nagy Gábor – fishing sector manager of the Balaton Fish Management Nonprofit Ltd. (BH) said. Nagy Gábor...

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Analysts: wage growth still persist

Wages will rise by 13 to 14 percent this year, and this growth rate will continue next year, according to macroeconomic analysts interviewed by MTI. According to data published by...

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55 billion forints for dairy farmers

The Rural Development Programme had earmarked HUF 36.5 billion in subsidies for the well-being of cows. Since applications for funding were sent in for a value of HUF 55.4 billion, the...

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Enterprises acquired new agricultural machines in a value of 77 billion HUF

The Hungarian companies acquired new agricultural machines in a value of 77 billion HUF in the first half of this year, which is an increase of 40 percent in annual...

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MNB director: economic growth can permanently exceed 3.5 percent

The Hungarian economy is expected to reach an over 3.5 percent growth this year and the next year, and the Hungarian National Bank (MNB) expects that the 3 percent inflation...

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