Market News
Restrictions may come in case of the EU agricultural subsidies
Restrictions have to be taken in the Union’s new Common Agricultural Policy (CAP) between 2020 and 2027, according to EU Budget Commissioner Günther Oettinger. While the British withdrawal leads to...
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More than half of the Hungarians save each month
More than half of the Hungarians save a certain amount of money each month, while the proportion of regular savers rose by 8 percentage points over a year and is...
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The quality of VET should be further increased
In the development of vocational training, special attention should be paid to the rapidly changing economic environment and the labor market expectations – the Deputy Minister of State of the...
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The Romanian Government gives free piglets to the mangalica breeders
A minimum of two, up to ten free piglets will be given by the Romanian government to those livestock farmers who under certain conditions undertake the fattening of Bázna mangalica...
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The EU and Mexico are arguing on a cheese variety
An argument is taking place over the origin of Manchego cheese and it is hindering the completion of a trade deal between the EU and Mexico agrarszektor.hu wrote. The Latin...
Read moreThe strongest economy in Europe has grown at a high rate
Germany’s GDP grew at the highest rate of the past six years in 2017, according to Destatis, the federal statistics agency. According to Destatis’s first estimate, gross domestic product (GDP)...
Read moreThousands of jobs can be created if more goods will arrive from the Far East
Thousands of jobs can be created, as well as substantial investments and will increase revenue of the state budget if it will be possible to get more merchants from the...
Read moreGKI: territorial differences in purchasing power are significant in the country
Territorial differences in purchasing power are still significant in Hungary. Settlements with higher than average purchasing power are mainly located in Northern Transdanubia and Central Hungary, while the poorer regions...
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The dairy sector expects full VAT cuts
The domestic dairy industry has stabilized and the domestic dairy industry started to grow – Mélykuti Tibor, Chairman of the Milk Product Council said adding that it would be important...
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The inspectors of Nébih withdrew more than one and a half tonnes of fish from the market
More than one and a half tonnes of untracked fish and fish products were withdrawn from commercial circulation during the pre-Christmas checks. The National Food Chain Safety Agency (Nébih) mainly...
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The NKFI Fund supports enterprises and research institutes with sixty-one billion forints
The National Research, Development and Innovation Fund (NKFI) in 2018 supports the innovation, research and development activities of enterprises with a total of 30 billion HUF while the research and...
Read moreFM: an actionable green policy is needed
An actionable green policy is needed, including development such as the KlimAdat project, which serves to map the effects of climate change in Hungary – the Minister of State of...
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Fundraising was revolutionized
Compared to last year, the amount of donations collected from card tips has almost doubled. At the Advent fair at the Basilica, almost everybody have opened their wallets when they...
Read moreThe World Bank impoved its Hungarian and global GDP growth forecasts
The World Bank has improved its Hungarian and global GDP growth forecasts for this year. The Washington-based organization estimates that the Hungarian economy will grow by 3.8 percent this year,...
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Compensation for destroyed foil tents
The Ministry of Agriculture provides a total of 100 million forints income substitute support to those whose foil tents were damaged in the October storms of last year. The victims...
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Sushi will be made from the 82 million HUF worth fish
Compared to the records of the previous years, one could get high-quality tuna in Tokyo” at a low price”. At the New Year auction of the world’s largest fish market...
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The amount of herbs decreases
The amount of herbs harvested and grown is constantly decreasing, and in order to reverse the trend there is a need to change both in the field of collection and...
Read moreNGM: retail sales increasing for 53 months
Retail trade is growing for 53 months, and in November, a relatively high 10.2 percent dynamic increase can be observed in case of non-food products, Pomázi Gyula, Deputy Minister of...
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Fish sales may increase by fifteen-twenty percent
The VAT cuts can increase the sales of fish by up to 15-20 percent according to the chain of stores, and consumers can buy carp, catfish or salmon on 17-22...
Read moreKSH: Growth in consumption and investment increase improve imports
The value of exports in euro was 6.1 percent higher in November last year, compared to the previous year, while imports increased by 7.8 percent in November last year. The...
Read moreWheat can be harvested six times a year
In a new breeding process researchers are trying to speed up the creation of plant varieties that would allow the most important arable crops to produce crops up to six...
Read moreThere is also considerable workforce among public employees and retired people
Public employees, retired people and mothers with small children are also a major source of labor for the primary labor market – Cseresnyés Péter, Minister of State of the Ministry...
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Cocoa bean can be extinct
Chocolate may disappear by 2050 due to climate change, according to scientists – but the problem may be solved by genetically engineered so-called super chocolate – origo wrote. Cocoa tree...
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Retail sales in the euro area grew stronger than expected
Retail sales increased in the euro area, greater than expected in November. The European Union’s statistical office (Eurostat) announced on Monday that according to the seasonally adjusted data retail sales...
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Less information on fertilizer packaging
At several points, the Ministry of Agriculture has amended the regulation regulating, inter alia, the information on the packaging of fertilizers. The goal was simplification, but there is still a...
Read moreThe global economy has been growing at the fastest pace since 2011
This year, the global economy has been growing at the highest pace since 2011 – according to the latest forecast of the PWC consultancy firm. The organization claims that on...
Read moreReal wages rose over ten percent in Romania
In October, real income in Romania was 10.6 percent higher than in the previous year, according to the Romanian National Statistical Institute. The gross average wage was 3327 lei (226...
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The shopping malls of the future will be community centers
The shopping malls of the future will be community centers. The health, education and entertainment units will be fundamentally part of these community centers – CBRE Estate Consultant’s Retail Future...
Read moreFood consumption also fueled the growth in retail sales
Analysts were surprised to see that the growth in food sales contributed to the dynamic growth of retail sales in November last year, which is expected to be continued this...
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