Market News
Retail in Europe: Central and Eastern Europe is catching up
GfK has made a study on European retail trade. GfK has conducted a comprehensive analysis of the retail trade in 32 European countries, which analyzes the purchasing power, the retail...
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The prospects of the international beef market are favorable
The world’s beef trade continues to grow and the prospects for the international market are favorable, which is a good opportunity for the Hungarian cattle industry, the Minister of State...
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FM: special support for farmers who suffered frost and hail damages
The ministry will assist those growers with a special support, who suffered frost and hail damages this year, the Ministry of Agriculture told MTI on Thursday. According to the information...
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Brussels calls for summit over major egg contamination scandal
The European Commissioner, responsible for food safety has called for a meeting of ministers and national regulatory agencies for Friday, to discuss a widespread European contamination scare, which has seen...
Read moreWithout well-trained specialists there is no sure future in agriculture
Without well-trained professionals, there is no safe future and perspective in the agricultural sector – the Parliamentary Minister of State of the Ministry of Agriculture said on Friday at the...
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Forty thousand fake children’s toys were seized in Kelebia
Forty thousand fake children’s toys have been found by the National Tax and Customs Administration’s (NAV) financiers in Kelebia in a container – the press officer of NAV’s Bács-Kiskun County...
Read moreSlovak retail trade increased
The retail trade in Slovakia rose by 7.8 percent in May, after the 6.5 percent increase of April, the Slovak Statistics Office told on Tuesday. Retail sales growth in May...
Read moreGerman consumer sentiment on top
In June, the Consumer Sentiment Index of the GfK Market Research Institute in Germany rose to a nearly sixteen-year high. In June, GfK’s German consumer mood index increased to 10.6...
Read moreMNB: the 3 percent inflation target could be realized at the beginning of 2019
The growth rate of consumer prices in Hungary is expected to reach the central government’s 3 percent long-term inflation target at the beginning of 2019, Várhegyi Judit, head of department...
Read moreAgricultural Chamber: the wheat harvest is higher than the expectations
Despite the adverse weather, this year’s wheat harvest has surpassed expectations – Süle Katalin, spokeswoman for the National Chamber of Agriculture (NAK) told M1 news channel on Wednesday. She added:...
Read moreSmaller grape yield is expected, due to hail in the Szekszárd wine region
Due to the hail, occured on hundreds of hectares smaller grape harvest is expected, compared to last year in the Szekszárd wine region, while in the non-damaged areas quality grapes...
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The commercial price of spirits will be increased in Ukraine
The Ukrainian government adopted a decision on Wednesday to significantly increase the minimum trade price for spirit drinks – according to the press release of the Ministry of Economic Development...
Read moreCompared to the average, more meal wheat was produced this year
Compared to the average, more meal wheat was produced this year: the share of meal and feed wheat is generally thirty-seventy percent, but this year the rate is 50 –...
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Nielsen: Nearly four million condoms are sold in the summer festival season
Condom sales are on the peak during the festival season in Hungary. In July and August we spend more than 15 percent more on condoms than in the other months...
Read moreKAVOSZ: the maximum loan amount of the Agro Széchenyi Card has doubled
The maximum loan amount of the Agro Széchenyi Card increased, the cost and interest-free loan will be available again for agricultural enterprises that suffered damages due to adverse weather conditions...
Read moreAnalysts expect inflation of around two percent
The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer...
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Brits worry for their Darjeeling tea
Brits worry for their favorite Darjeeling tea as well as the Japanese and the Germans. The terroir of the so called champagne of the teas is threatened by strikes in...
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Artificial intelligence writes newspaper articles
BBC and Associated Press have started using the Wordsmith application of Automated Insight (available in English and Chinese at the moment) in writing sports articles. Since the app’s launch 1.5...
Read moreGood quality cereal crops are expected
Almost one million hectares of winter wheat is already in the granaries. A slightly larger and better than average quality grain crops are expected – according to the Minister of...
Read moreInflation is over two percent
Consumer prices were on average 2.1 percent higher in July than a year before. Compared to June, the average consumer price did not change, the Central Statistical Office (KSH) reported...
Read moreInvestment plans are real according to the latest survey of the Takarék Agrárhangulati Index
After the drought period, before the delivery of the application decisions, the majority of the farmers still have a positive view on agriculture, according to the Saving Group’s (Takarék Csoport)...
Read moreKSH: the six-month foreign trade surplus is approaching 5.4 billion euros
In the first half of the year, exports increased by 9.9 percent and the value of imports calculated in euros increased by 11.3 percent, compared to the same period of...
Read moreBusiness confidence improved significantly in the SME sector
Business confidence improved significantly in the small and medium-sized enterprises (SMEs) sector, compared to the previous quarter – the MKIK Institute for Economic Research and Enterprise Research (GVI) told MTI....
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Budapest Bank survey on EU funds
Hungary’s companies have claimed 270 billion HUF of preferential credit products combined with non-refundable EU grants, which is more than half of the announced budget – Budapest Bank (BB) told...
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Foreign trade surplus can reach 9.5 billion euros this year
The foreign trade surplus can reach 9.5 billion euros this year, so it can lag just a bit behind the 9.935 billion euros of last year, according to experts interviewed...
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Hungary spends the most on leisure and cultural activities in the EU in the proportion of the GDP
On average, the EU member states spend one percent of their gross domestic product (GDP) for the support of leisure, cultural and religious activities. In the proportion of the GDP...
Read moreThe NAV caught the members of the cigarette smuggling criminal organization in Szabolcs county
The National Tax and Customs Administration (NAV) found a twelve-membered cigarette smuggling criminal organization in the Nagyhódos region of Szabolcs-Szatmár-Bereg County. Four members of the gang were arrested by the...
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Magazine: Impulses at home and in the shops
According to Balázs Hunya, refreshment marketing intern of Unilever Magyarország Kft., the weather has the biggest influence on sales in the impulse ice cream categories. In grocery stores family box...
Read moreAnalysts: strong consumer confidence maintains the growth in retail sales
Growth in retail sales in June was expected, due to the strong growth of wages in April and May. The growth in real wages and the 11-year high consumer confidence...
Read moreFM: the number of bee families exceeds one million
The Hungarian honey is excellent, its production is based on traditions and production technology, Nagy István, Parliamentary Minister of State of the Ministry of Agriculture told M1 news channel on...
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