Market News

GfK: consumer sentiment in Germany has deteriorated

The German citizens assess their economic prospects slightly more worse than in the previous month, according to a consumer sentiment index of the GfK Market Research Institute published on Thursday....

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The European Commission has approved an investment package that supports environmental protection

The European Commission approved a 222 million euros investment package covered by the EU budget on Thursday that that supports environmental protection and climate policy program called LIFE for a...

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Blackmailer threatens with food poisoning in Germany

One or more blackmailers have threatened to poison food products in shops in Germany and elsewhere in Europe, unless they are given millions in cash, police warned on Thursday. Authorities...

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A small-scale production guide was prepared for good hygiene practice

A small-scale producer guide was prepared for good hygiene practice for food production and marketing, which is available free of charge on the website of the Ministry of Agriculture (FM),...

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Czerván: less corn is expected to grow this year

This year, less corn is expected to grow. The yield per hectare is below the record level of 2016, the Minister of State of the Ministry of Agriculture (FM) said...

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FM: the export of beef and rabbit meat to Singapore may soon begin

Hungary’s export of beef and rabbit meat to Singapore may soon begin – Fazekas Sándor, Minister of Agriculture said, after a meeting with Lawrence Wong, head of the Singaporean National...

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Hungarian households are more and more optimistic

According to internationally representative research carried out by teh Provident Pénzügyi Zrt. (Provident Financial Co.) and its parent company the International Personal Finance (IPF), one third of Hungarian respondents have...

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Rural development projects were announced in a value of almost 1000 billion HUF so far

The Rural Development Program (Vp) announced applications worth 969 billion HUF, about two-thirds of the 1300 billion HUF budget – the Minister of State of the Prime Minister’s Office in...

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KSH: the number of employees increased further

In the three-month period from the beginning of June to the end of August, the number of employees was 4 million 444 thousand people, 58 thousand more than a year...

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NGM: the government helps the innovative Hungarian companies to access foreign markets

The Hungarian government considers it a priority task to help the market expansion of the Hungarian innovative startup businesses to the international space – Varga Mihály said at the Startup...

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The autumn fish planting into the Lake Balaton has started

So far 47 tonnes of three-summer carp have been put into the lake, Nagy Gábor – fishing sector manager of the Balaton Fish Management Nonprofit Ltd. (BH) said. Nagy Gábor...

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Analysts: wage growth still persist

Wages will rise by 13 to 14 percent this year, and this growth rate will continue next year, according to macroeconomic analysts interviewed by MTI. According to data published by...

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55 billion forints for dairy farmers

The Rural Development Programme had earmarked HUF 36.5 billion in subsidies for the well-being of cows. Since applications for funding were sent in for a value of HUF 55.4 billion, the...

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Enterprises acquired new agricultural machines in a value of 77 billion HUF

The Hungarian companies acquired new agricultural machines in a value of 77 billion HUF in the first half of this year, which is an increase of 40 percent in annual...

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MNB director: economic growth can permanently exceed 3.5 percent

The Hungarian economy is expected to reach an over 3.5 percent growth this year and the next year, and the Hungarian National Bank (MNB) expects that the 3 percent inflation...

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The European Soy Declaration was presented in the European Parliament

Nagy István, Parliamentary Minister of State of the Ministry of Agriculture (FM) and a representative of the German agricultural ministry presented the European Soy Declaration at the meeting of the...

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The Hungarian Development Center helps applicants to acquire EU funds

The Hungarian Development Center, helps Hungarian applicants to successfully take part in the acquisition of EU funds directly from Brussels with coordination and operational information – Kiss Antal ministerial commissioner...

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FM: The Hungarian-Vietnamese agro-industrial cooperation is deepening

There is a strong Vietnamese interest in Hungarian agricultural machinery. The cooperation between the two countries is intensifying in the area of poultry farming and food security – Fazekas Sándor...

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The police found almost one and a half tons of leaf tobacco in Nyíregyháza

Almost one and a half tons of leaf tobacco were found on a property in Nyiregyháza on Monday – the Szabolcs-Szatmár-Bereg County Police Headquarters announced on the police website on...

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Major growth in the Hungarian cloud computing market

This year up to USD 1.15 billion may be spent on public cloud computing services in Central and Eastern Europe – according to a forecast by IDC. This would constitute...

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KSH: 7.2 million tons of grain cereals were produced this year

This year, 8.7 percent less, 7.2 million tons of grain cereals were produced in a 10 percent smaller area, compared to last year – the Central Statistical Office (KSH) announced...

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NGM: the growth of retail sales lasts for more than four years

The growth of retail sales lasts for more than four years, for 49 months – Pomázi Gyula, the Deputy Minister of State of the Ministry of National Economy (NGM) told...

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The GKI prosperity index reached another peak in September

In September, the GKI prosperity index continued to grow, including the business confidence index; consumer expectations have slightly deteriorated, but they still show strong optimism – the GKI Economic Research...

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Resinous types of fruit can be produced without the need of genetic modification according to the expert

Due to the development of biotechnology, resistant genes can be produced without genetic modification. Because of the appearance of previously unknown pathogens, there is a need for new breeds –...

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A new type of dietary supplement family is being developed in Győr

A new type of dietary supplement containing herbs is being developed in Győr. Research and development costs amount to 856.5 million HUF, of which about 510 million HUF are provided...

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Consumer confidence in the euro area has reached its sixteen-year peak in September

Instead of the expected stagnation, consumer confidence in the euro area has reached its sixteen-year peak in September, according to a preliminary estimate published by the European Commission on Thursday....

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Hungary’s only duty free zone was established in Záhony

The Association of Hungarian Logistics Service Centers (MLSZKSZ) welcomes that the Ministry of National Economy (NGM) designated a 17,400 square meter duty free zone in Záhony’s Free Business Zone. As...

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A product is considered creditable based on customer opinion

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

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Scitec named European dietary supplement manufacturer of the year

Bodybuilding.com, the biggest online fitness retailer in the world, has voted that Scitec Nutrition is the best dietary supplement maker and distributor brand in Europe. The products of Budapest-based Scitec are...

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Coca-Cola’s autumn campaign with Enikő Mihalik and friends

Once again beautiful Hungarian fashion model Enikő Mihalik will be the face of Coca-­Cola’s campaign. The celebrity and her model colleagues will be drinking Coca-­Cola zero in photos – with Budapest...

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