Market News

Hungarian competitiveness has improved

Since 2003, the World Economic Forum publishes the competitiveness ranking of countries in the world. This year, the organization surveyed a total of 137 countries. Hungary has improved 9 place...

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GKI’s growth index has declined

In October, the GKI’s economic activity index fell slightly in October compared to its historic peak of September. This is a consequence of the deterioration of business expectations, however consumer...

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Hungarian exports can exceed 100 billion euros

This year, the growth in Hungarian exports is dynamic again: from the 71 billion euros of 2010 it will increase above 100 billion euros, by the end of this year....

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Hungarians continue to be espresso-consumers

The regular restaurant guests consume coffee at the end of lunch or dinner – tozsdeforum.hu reports Nespresso’s representative HORECA coffee consumption survey. The Hungarian population is still characterized by espresso-consumption,...

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23 percent of women buy shoes in Chinese stores

In the last six months, Hungarians bought average 2.3 shoes, but the number is greatly varied depending on the number of children in the household – GfK told vg.hu. In...

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Milka’s new wavy chocolate is made in Székesfehérvár

Milka Waves, the company’s new wavy chocolate tablet is made in the Székesfehérvár factory for the whole European market. The new product was officially launched on 22 September László Pál, factory...

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Hundreds of millions of hectares are waiting for agriculture in Africa

This year, Akinwumi Adesina, Chairman of the African Development Bank, received the World Food Prize. The international recognition was founded in 1970 by the Nobel Peace Prize winner Norman E....

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Growth in the euro area has slowed

The performance of the private sector in the euro area has slowed down in October slightly, but employment has been expanded to a decade high level. According to the first...

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Once again WMF cookware available in SPAR’s loyalty promotion

Top-quality WMF ProfiSelect cookware is available to shoppers in SPAR Hungary’s new loyalty point collecting campaign, which started on 5 October 2017 and lasts until 24 January 2018. For each HUF...

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ALDI supported the Go Pink initiative for the fifth time

ALDI Hungary took part in the international breast cancer awareness raising campaign, called Go Pink, for the fifth time this October. In October from the price of each pink-tray Bio-Fungi mushroom...

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A bit of magic from Medve

Cheese brand Medve came out with a 6-episode video series in early September, calling attention to the values of the product using simple magic tricks. From 9 October the campaign continues...

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Tesco reaches agreement with trade unions

On 13 October Tesco and the trade unions concluded an agreement on a plan that concerns both the interests of employees and long term, sustainable development. The draft contains the tasks...

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Gyümölcs Trade buys new vehicles

Gyümölcs Trade Kft. wishes to expand its export activity, therefore the company has decided to purchase 50 DAF trucks and 70 trailers until the end of the year, investing nearly HUF...

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SPAR room inaugurated at Szent István University

SPAR sponsored the building of a modern classroom with more than HUF 4.5 million at the Faculty of Food Science of Szent István University. The new room seats 24 students and...

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Banana skins and other fruit waste could be used as biogas in Nigeria

In 2013, the state government partnered with Midori Environmental Solutions (MES), a Lagos-based environmental company, to explore the possibilities of converting waste from the market into electricity using a biogas...

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A long autumn for Tesco

The autumn strike of Tesco workers turned the spotlight on the dramatic transformation of the labour market: the former workforce surplus has turned into a shortage by now. At the moment...

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The agraricultural chamber would increase apple consumption

Apple consumption is decreasing since years. the per capita consumption is 12 kilograms per year, which should be increased to 20 to 25 kilograms, therefore a campaign was launched to...

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56 percent of the wine producers chose small-scale wine-growing status

By March this year, wine makers had to decide on the form in which they would continue their activities. 56 percent of them chose small-scale producer status – the Minister...

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EU: the lack of digitization hinders precision farming

By 2020, the European Commission will cover the European Union with a high-speed broadband Internet network – agrarszektor.hu wrote. The biggest obstacle to agricultural implementation is that elderly farmers do...

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The Gödöllő Service Center of the Agricultural Chamber was opened

The third service center of the National Chamber of Agriculture (NAK), was handed over on Friday in Gödöllő. Győrffy Balázs, president of NAK, said in his speech that the chamber...

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The vote for the Fish of the Year begins

The balin, domolykó and kövicsík fishes have the chance to win the “Fish of the Year” competition in 2018. Photo: Sallai Zoltán The Hungarian Fish Society, in line with the...

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The number of jobseekers fell further in September

The number of registered jobseekers dropped by 4.8 percent in Hungary over a year, while the National Employment Service (NFSZ) recorded 268 400 jobseekers at the end of September, nearly...

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The national hail reduction system will be operated from May

The national hail reduction system will operate from May next year. With the system tens of billions of forints can be saved per year only in agriculture – Kis Miklós...

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Bulgaria will coordinate its EU agricultural policy with Hungary in the future

In the future, Hungary and Bulgaria will coordinate their position on the Common Agricultural Policy (CAP) with the EU so that farmers can get the right resources – Fazekas Sándor...

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Fifty-five million forints of smuggled cigarettes were found in a van

Fifty-five million forint smuggled cigarettes were found by police in a van near Tiszavasvári – Szabolcs-Szatmár-Bereg county police said. According to the information, police officers found the nearly 50,000 boxes...

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FM: campaign to encourage consumption and purchase of Hungarian apple has started

A nationwide promotional campaign encouraging the consumption and purchase of Hungarian apple was launched – the Deputy Minister of State of the Ministry of Agriculture (FM) announced on Thursday at...

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The Prime Minister’s Office supported the poultry holders with nearly 23 billion HUF

Within the framework of the Rural Development Program, the Prime Minister’s Office supported the modernization of 207 poultry farms with 22.6 billion forints. The Prime Minister’s Office reported that there...

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Thirteen percent increase in earnings over a year

In August, gross average earnings were 13.2 percent higher than a year before, the Central Statistical Office (KSH) reported on Thursday. The rate of growth was slightly different from the...

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Kopint-Tárki expects faster growth

The Kopint-Tárki Research Institute improved this year’s and next year’s gross domestic product (GDP) growth forecast. In 2017, instead of the 3.7 percent (predicted in July), gross domestic product growth...

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Analysts say wage growth may remain

Wage growth may continue in the coming months, according to analysts interviewed by MTI who report that wages will rise by 13 percent on average this year. The Central Statistical...

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