Market News
IDC: The world market of smartphones has slightly increased this year
According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, worldwide smartphone shipments are expected to rebound slightly in 2017 with expected growth of...
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Good business relations with Estonia
Parliament on Monday, after talks with his Estonian counterpart, Prime Minister Viktor Orbán said that Hungary has always had excellent and close relations with Estonia. In July Estonia will take...
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Hungary recorded unprecedented investment growth in Q1 2017
In the first quarter of 2017, the volume of investment totalled HUF 1033bn, which shows year-on-year investment growth of more than 34 percent. This has been the highest growth rate...
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Magazine: There is no stopping until perfection is reached
Value sales have increased recently in the shaving product market. Consumers have started buying more expensive products in the category. The category is very much seasonal: value sales in the...
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Faster than expected growth
In the 1st quarter of 2017 the Hungarian GDP increased by 4.1 percent, faster than originally expected. Thanks to this GKI has modified its annual growth forecast to 3.5 percent....
Read moreHungarian food exports increased by 37 percent over the past five years
The Hungarian food exports have increased by 37 percent over the past five years – Fazekas Sándor Minister of Agriculture said in Herceghalom. At the meeting of the Federation of...
Read moreWe can find great value-for-money wines in the large chain stores
The professional wine portals are regularly watching what exciting items you can get at stores right now. What is really interesting that we can find such wines not only in...
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Premium Lemon-Chili Grill and Premium Mediterranean Grill: Crowning of the Wiesbauer-Dunahús Grill Products
The Wiesbauer-Dunahús opens this year’s barbecue season with two new “Premium” specialties, such as the “Premium Lemon-Chili Grill” and “Premium Mediterranean Grill” products. The “Premium” brand guarantees high quality products...
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MNB: the convergence of the SME sector would increase the GDP by 3 to 5 percentage points
If the productivity of the Hungarian small and medium sized (SME) sector would reach the average of the region and would approach to large corporations, the Hungarian gross domestic product...
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Companies’ willingness to pay increased
The companies’ willingness to pay has improved. Invoices are offset more quickly, and less bad debts occur in cross-company sales, compared to last year, according to the survey of Atradius....
Read moreAsia and Europe save the luxury industry
The world’s luxury market will grow larger than expected, according to an analysis. Growth is mainly due to Europe and Asia, which is offset by falling the US sales –...
Read moreNational Anti-Counterfeiting Agency: 3.3 billion HUF loss, due to fake toys a year
The loss of the industry is estimated at an average of 3.3 billion forints a year, due to counterfeit toys – according to a report by the European Office of...
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Nearly the third of the fruits froze in Ukraine
The frosts of May have caused serious damages to the Ukrainian agriculture this year. The Ministry of Agriculture predicts that fruit production will be 29 percent less than expected, only...
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Chinese investment triples in US, doubles in Europe
Combined Chinese direct investment in the advanced economies of North America and Europe more than doubled in 2016 as China’s rapidly maturing economy continued its transition to a new growth...
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Payment Practices Barometer Eastern Europe 2017
After an increase of almost five percentage points in 2016, the percentage of overdue B2B invoices in Eastern Europe decreased again this year (41.5%). With the exception of Turkey, economic...
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Agrarian Chamber: producers join forces to increase the competitiveness of the onion sector
The National Chamber of Agriculture (NAK) aims to increase the competitiveness of the Hungarian dairy industry and to attract the attention of traders and consumers to the high quality Hungarian...
Read moreAgrarian Ministers: well-thought-out water management is the foundation of agriculture in the future
Well-thought water management is the basis of future agriculture, EU agriculture ministers agreed on Tuesday in Malta, agreeing that effective cooperation between the water and agricultural sectors is essential to...
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The circular economic model is also popular among the Hungarian companies
Waste is not only an environmental problem but also an economic one, so the linear economic model should be transformed into a circular economy based on a circular process –...
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Seed Alliance: Hungary is the sixth most important seed exporting country
Hungary is the sixth in world seed exports. The country’s climatic weather conditions are excellent for seed production – Pavelka Árpád, chairman of the Seed Society Interprofessional Organization and Product...
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The number of employees increased further
In the February-April period, the average number of employees was 4 million 378 thousand, 84 thousand, or 2.0 percent more than a year earlier. The employment rate for people aged...
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Parents spend on average 2 to 5 thousand HUF on children’s day surprises
In nine out of ten Hungarian families, children’s day is celebrated. The parents spend on average 2 to 5 thousand HUF on children’s day surprises – according to the researches...
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The doping-free dietary supplements have been listed
Hundreds of dietary supplements were collected that certainly do not include the 85 most problematic doping drugs. The tested substances were also included on a website – agrarszektor.hu wrote. From...
Read moreThe World Organisation for Animal Health declared Romania as a swine-fever free country
The World Organisation for Animal Health (OIE) declared Romania as a swine-fever free country. The official certificate – that was voted at the 85th session of the OIE General Assembly...
Read moreNinety million cigarettes were seized in the port of Antwerp
The Belgian customs authorities seized nearly 90 million cigarettes in the port of Antwerp last week – one of the largest ever catch in the port. The shipment came from...
Read moreUS consumer mood is on a four month peak
The consumer sentiment in the United States is on its four month peak in May, according to the regular monthly survey of the University of Michigan. The results were published...
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Duna House Q1 sales jump
Real estate company Duna Houseʼs first-quarter after-tax profit edged down 9% year-on-year to HUF 266 million, an earnings report released early today shows, according to Hungarian news agency MTI. Sales...
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Hungary is relying on its own domestic resources
“It is important to stress with relation to the current migration crisis that Hungary is relying on its own domestic resources; the Government would like to support the Hungarian people...
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Number of jobs on the primary labour market up by more than 100 thousand year-on-year
In February-April 2017, the number of people employed in the private sector increased by 105 thousand year-on-year, the latest data show. Compared to the corresponding period of 2010, the number...
Read moreA huge part of Hungary’s EU funds are due to the common agricultural policy
More than 36 percent of the European Union’s funds coming to Hungary by 2020 are due to the Common Agricultural Policy (CAP) of the European Union, Feldman Zsolt, Deputy Minister...
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