Market News

Automatic offices are more efficient

One third office tasks could be automated but this proportion is still less than 5 percent in Hungary – revealed a survey by xFLOWer that was done with the participation...

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Brutal drought caused 100 billion HUF damages to the corn

This year’s summer heat caused up to 100 billion HUF damages to the corn producers – agrarszektor.hu wrote. According to the harvest results so far, yield is more than 2...

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KSH: import was growing faster than export in July

In July, the value of exports in euros was 5.0, while the value of import was 11.3 percent higher than one year before. Export surplus was 348 million euros, 410...

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This year, the autumn wheat varieties were tested by VSZT and GOSZ

The seed experiment work of the Seed Association Interprofessional Organization and Product Council (VSZT) and the National Association of Grain Producers (GOSZ) has been closed in 2017. Farmers have summarized...

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The seasonally adjusted value of the Purchasing Manager Index (PMI) for September is 59.3.

Compared to the previous September, this year’s value exceeds the long-term September average (52.3) and the average of the last three years (54.3) as well. Most of the sub-indices examined...

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Baker Association: the Hungarian Food Book should be developed

A growth in consumer awareness and the further development of the Hungarian Food Book is needed – the Baker Association said after negotiations with the Ministry of Agriculture (FM), the...

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Huge competition support can be used by the domestic “gazelle” companies

By 19 October 2017, the Rapidly Growing Businesses (Gazelle) will be able to apply for a first call for applications for the Complex Development of Domestic Companies. The bet is...

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The NAV found 11,000 packs of cigarettes hidden on a train

The dogs of the National Tax and Customs Office (NAV) found 11,000 packs of cigarettes on an express train from Kiev – the NAV told MTI on Monday. The dogs...

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The majority check whether the food is Hungarian

The vast majority of the respondents prefer Hungarian food rather than foreign products – the survey of the Research and Marketing Institute of the Budapest University of Economics (BGE) reveals....

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EU Directive confronts banks with new challenges

The first Payment Services Directive (PSD) introduced the SEPA bank transfer standard that is currently valid throughout Europe in 2009. The second to open up the banking market is now...

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The yield of corn and sunflower is smaller this year in Békés county

Due to the droughty summer, yields of both crops are lower than usual – the Békés County Harvest Coordination Committee determined at its meeting. Adamcsik László, a member of the...

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ALDI Hungary joins UN programme

ALDI Hungary is the first retail chain from the country to join the United Nations Global Compact (UNGC) initiative, the world’s biggest sustainable and responsible corporate management programme. The ALDI SOUTH...

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Quality meat dishes for children in need

Hungarian Product Grand Prize winner Mar-Ne-Váll Kft. donated 2,000 portions of meat dishes to the children who regularly participate in the trainings of the Hungarian Maltese Charity’s sport club. The chicken breast...

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Twenty-one new OMV petrol stations

Since early last year more than 20 new OMV petrol stations opened in Hungary. Since August 8 former Avanti filling stations have transformed into OMV units. At the moment the OMV chain...

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Eggshell

Practically all European Union member states are now affected by the Fipronil scandal – eggs have been infected with pesticide. Millions of eggs had to be pulled from stores, but finally...

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Tesco: another salary raise

In mid-August Tesco announced the third phase of this year’s salary increase programme: from 1 September almost every full-time store and logistics centre worker will earn a gross HUF 11,000...

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Henkel introduces new skin care brand

Authentic Swedish skin care brand Barnängen is now available all over Europe with its stylish skin care products. The brand was established by Swedish wholesaler Johan Wilhelm Holmström in 1868. Barnängen products...

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FruitVeB: there is still a large reserve in the Hungarian vegetable and fruit sector

In the Hungarian vegetable and fruit sector there are large reserves. The Hungarian production level is only 30-40 percent of the production level of Western Europe, competitiveness can be achieved...

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Trade Alliance: the turnover of Internet commerce may grow by 20 percent this year

It is expected that Internet commerce in Hungary may increase by 20 percent this year through, its total turnover could reach 370 billion forints by the end of the year...

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Eurostat: European coffee production grew by 10 percent in 10 years

In 2016, the European Union (EU) imported nearly 3 million tons of coffee, 10 percent more than 10 years ago. Imports amounted to 6.9 billion euros, Eurostat said in a...

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The Borászok Borásza Foundation announced a Scholarship Program

The Borászok Borásza Foundation (The Winemaker of Winemakers Foundation) announced a Scholarship Program for Young Wine Producers. The winner of the one million forint scholarships can take part in foreign...

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According to a survey people buy more with a credit card in the summer

The number of foreign bank card purchases grew by more than 30 percent in the summer, with a rise of nearly 32 percent in value.   The value of domestic...

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Domestic SMEs would conquer new markets

The domestic SMEs are looking for market opportunities. Four out of ten companies want to conquer a new market with their existing products, and more than twice as many of...

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Budapest Airport: Air cargo traffic has grown to record high in Budapest

The turnover of air cargo at the Liszt Ferenc International Airport has increased in a record extent. The already announced capacity-building investments continued at the airport – the Budapest Airport...

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Retail sales in Germany were less than expected in August

Retail sales in Germany increased slightly less than expected in August, in a year-on-year, comparision. Instead of the expected increase in monthly sales a decline was measured. According to preliminary...

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GKI: Forecast for 2017-2018

Following the continuous spectacular expansion in investments in the second quarter of 2017, GKI raised its GDP forecast for 2017 from 3.5 per cent to 3.8 per cent, and it...

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OMÉK: the milk truck received an audience award

The 78th National Agricultural and Food Exhibition and Fair (OMÉK) held between 19-24 September 2017 was ended with a great recognition for the Milk Interprofessional Organization and Product Board. The...

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Farmers can apply for consultancy support again

Farmers can apply for subsidized consultancy support again this autumn – the president of the National Chamber of Agriculture (NAK) announced on Thursday at a press conference in Budapest. Győrffy...

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The Digital Consumer Protection project has started

The Digital Consumer Protection project has started. The project is implemented by the Hungarian Government Development Agency (KIFÜ) and funded by the European Union with subsidy of 1,687 billion HUF....

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It will be a real sensation to find the super-tomatoe

Scientists are working on cultivating tomatoes in an experimental plantation in Israel, which can produce high yield, with a 90 percent lower water consumption. Unusually drought-tolerant types of tomatoes are...

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