Market News
9 thousand companies were terminated in the third quarter of 2017
Date: 2017-10-13 11:02:21
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
Date: 2017-10-13 11:01:58
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
Date: 2017-10-13 07:19:35
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
Date: 2017-10-12 11:59:42
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
Date: 2017-10-12 11:50:42
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
Date: 2017-10-12 11:15:02
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
Date: 2017-10-12 11:04:51
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
Date: 2017-10-12 11:01:50
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
Date: 2017-10-12 10:29:08
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
Date: 2017-10-12 06:51:56
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
Date: 2017-10-11 11:50:59
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
Date: 2017-10-11 11:32:25
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
Date: 2017-10-11 11:22:33
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
Date: 2017-10-11 11:20:50
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
Date: 2017-10-11 11:17:37
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
Date: 2017-10-11 11:08:14
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
Date: 2017-10-11 11:05:42
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
Date: 2017-10-11 11:04:37
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
Date: 2017-10-11 11:03:24
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
Date: 2017-10-11 11:00:35
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
Date: 2017-10-10 11:20:12
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
Date: 2017-10-10 11:01:46
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
Date: 2017-10-09 11:45:26
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
Date: 2017-10-09 11:42:46
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
Date: 2017-10-09 11:30:25
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
Date: 2017-10-09 11:08:42
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
Date: 2017-10-09 11:08:34
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
Date: 2017-10-09 11:04:03
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
Date: 2017-10-09 11:01:22
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
Date: 2017-10-09 09:04:23
Sorry, this entry is only available in HU....
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