Market News

9 thousand companies were terminated in the third quarter of 2017

Only 9409 companies were ceased in the third quarter of 2017, which is the lowest since 2013. Compared to the domestic firm database of 530,000 companies, the quarterly volume of...

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Retail sales increased in the world’s largest economy

Retail sales in the United States have risen less than expected, but with the highest extent in the past year and a half in September, according to a statement released...

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Magazine: Coop Rally wins the Hungarian Product Grand Prize

Coop Rally – the programme that aims at putting Hungarian food production in the centre of attention – has been honoured with the Hungarian Product Grand Prize. The COOP retail chain...

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KSH: agricultural producer prices continued to rise in August

In August, agricultural producer prices prices rose by 3.2 percent, compared to the same period of last year, representing a 0.6 percent increase in the prices of plant products and...

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Fazekas: Hungarian wines can be appreciated due to the loss of grape production in three European countries

As in Hungary, the extreme weather also had an impact on grapes in Spain, Italy and France. As a result, 10 to 20 percent less grapes will be produced, which...

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Kiwi can be grown in the Mura area

In the area of Mura, the former vineyards and semi-detached real estates offer to produce kiwi as one of the recycling possibilities – the Minister of State of the Ministry...

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The IMF has improved its global economic growth forecast for this year and next year

The IMF minimally upgraded the International Monetary Fund’s (IMF) estimate for this year’s and next year’s growth in the Serial Update of the World Economic Outlook (WEO) publication, which was...

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A record potato yield was harvested in Székelyföld

The biggest potato production after 1989 was harvested in Székelyföld. In Kovászna county 28 tonnes per hectare, while in Hargita County 26 tonnes per hectare was the average yield. Könczei...

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Six-star Gallicoop builds packaging plant

Szarvas-based turkey processing company Gallicoop Zrt. invests HUF 1.6 billion (from which 50-percent is state funding) in building a packaging centre. The company, which processes 40,000 tons of poultry meat...

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Magazine: Hungarian turkey meat, Hungarian values

Gallicoop is a company that creates values and in the last few decades the company proved that high quality Hungarian turkey meat can be sold all over the world –...

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Coface upgraded Hungary

Hungary has been upgraded by Coface. The credit insurer justified its decision because of the economic growth and the improvement of the business environment. According to Coface’s Thursday announcement, following...

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Eight billion forints for half a million liters of hand and facial creams per year

Nearly 7 billion HUF worth, ie nearly 200,000 liters of face cream was sold in the Hungarian stores; hand cream sales are close to 1.5 billion HUF and 300 000...

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The support of cattle breeders was increased by nearly 10 billion HUF

Regarding to the significant over-demand, the Prime Minister’s Office decided to increase the original 20 billion HUF budget to 29.6 billion HUF and the applications of 552 cattle breeders were...

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Nébih: the epidemic preparedness of poultry holders has improved but not yet enough effective

Although the poultry holders have improved their preparedness for disease control, the overwhelming majority of them continue to meet only the minimum conditions for replanting required by the authority –...

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Analysts: September inflation is lower than expected

The September consumer price index has become lower than the market expectations, but the increase in core inflation reflects the growing domestic demand, but mostly the growth of the excise...

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FM: the Visegrád and the Baltic countries have stood up for the preservation of EU agricultural subsidies

The Visegrád and Baltic countries jointly agreed to maintain a strong, two pillar common agricultural policy (CAP) on Monday in Luxembourg at the Agriculture and Fisheries Council meeting – the...

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The Vasi wild pear pálinka was given origin protection

The Vasi wild pear pálinka has become an origin protected product, within the Origin Protection Program – the Minister of Agriculture announced at the press conference in Budapest in the...

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The IMF improved Hungary’s GDP growth forecast for this year and for the next year

The International Monetary Fund has improved Hungary’s GDP growth forecast for this year and next year in its autumn global economic forecast. According to the World Economic Outlook, October 2017...

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Disadvantaged regions can become the engine of developing economies

Disadvantaged regions can become the engine of developing economies. These regions have significant growth potential in food production and other related industries, according to a recent summary of the Food...

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The giant pumpkin record may be over 900 kilograms

A man from Utah who has loved giant pumpkins since childhood is trying to set a state record for the second time with a nearly 907-kilogram gourd he’s been tending...

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KSH: inflation slowed down in September

In September, consumer prices were on average 2.5 percent higher than last year, after the 2.6 percent of the previous month. Compared to August, prices increased by an average of...

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Three million HUF worth cigarettes were found in a converted car at Beregsurány

About three million forint worth cigarettes were found in a car converted into a smuggler vehicle by the finance officers of the National Tax and Customs Administration (NAV) at the...

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The meat imports expanded by 84 percent

Mostly due to the bird flu the export of Hungarian poultry meat decreased by more than 16 percent in the first seven months of the year. Meanwhile, meat imports expanded...

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KSH: imports in exports increased even more in August

In August, exports in euros were 10.3 percent, imports 13.0 percent more than in the previous year. The trade surplus was 440 million euros, 119 million euros less than in...

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Analysts: the increase in imports reflects the rise in domestic demand

The 13 percent increase in imports in August reflects the rise in domestic demand, while exports increased by 10.3 percent in line with the August increase of industrial output, according...

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Trade with China can be doubled

By the end of the decade, the volume of trade between the Central and Eastern European region and China could reach 100 billion USD, which is almost twice the value...

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More than half of the Hungarian households are unable to save

Less than half of Hungarian households can save some minimal amount of money and most of them are afraid of unexpected living situations. Young Hungarians are mainly collecting for their...

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Several jobs may be terminated within ten years

As a result of digitalisation, more than a dozen jobs may be lost over the next ten years due to technological development. This will mostly affect factory workers, carriers and...

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Free wifi access points to come all over Europe

The European Union will fund the establishment of at least 6,000 free wireless internet access points across the bloc by 2020 under a scheme called WiFi4EU, the European Council said...

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(HU) GKI: A munkanélküliség csökkenése ellenére nem tűnt el a félelem

Sorry, this entry is only available in HU....

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