Market News
Analysts: the rate of price increase is decreasing, but core inflation is increasing
The 2.2 percent inflation rate in April is much lower than the 2.7 percent measured in March and slightly lower than the market expectations – analysts told MTI. According to...
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The Exim Bank and Insurer launches a new program to support the export-oriented SMEs
By 2021, the Exim Bank and Insurer with its financial products would like to reach more than 50 percent of the micro, small and medium-sized enterprises. In order to reach...
Read moreMátra wine region was swept away by the hailstorm
The damages caused by the hail on Saturday surpassed the preliminary estimates in the Mátra wine region. About three hundred million HUF damage is expected – the president of the...
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Less fish died in Lake Balaton during the spring
In spite of the long winter and the long-lasting ice, the fishermen of the Lake Balaton Fish Management Nonprofit Ltd. have collected far fewer fish bodies than usual this year...
Read moreChina is building a new silk road
China is building a new silk road in a value of nearly 500 billion USD containing mainly infrastructural developments. The new silk road would reach 65 countries, nearly two-thirds of...
Read moreUS retail trade grew less than expected
The growth in US retail sales in April was slower than the expectations of the analysts. The US Department of Commerce reported that the seasonally adjusted retail sales grew by...
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The Brits throw 1.4 million edible bananas into the trash every day
1.4 million pieces of edible bananas are dumped per day by the British, while the amount of wasted garlic each year reaches 80 million pounds (25 billion HUF), according to...
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The poultry sector gives more than 10 percent of the agricultural output
Last year, the poultry sector gave about 13 percent of the total agricultural output – the Minister of State of the Ministry of Agriculture (FM) said on Friday at a...
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Product Board: a 20 percent crop loss in vegetables is expected
A 20 percent crop loss can be expected for vegetables due to the damages caused by the weather – according to the FruitVeB Hungarian Vegetable Fruit Interprofessional Organization and Product...
Read moreThe European Commission is expecting 3.6 percent growth for this year in Hungary
The European Commission improved its prognosis for the growth in the Hungarian gross domestic product (GDP). The European Commission expects a 3.6 percent increase in gross domestic product (GDP) for...
Read moreThe bees suffered a great loss, less honey is expected
One-third of bees died in Jász-Nagykun-Szolnok County during the winter. Because of the less productive bees, it is likely that there will be less rape and acacia honey this year...
Read moreConsumer sentiment in the United States is on its four months peak
Consumer sentiment improved in the US in May, reaching a peak of four months – according to the preliminary results of the University of Michigan’s Monthly Survey. The consumer mood...
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Commerce Expo 2017: women drive the sales growth in e-commerce
On 30 March the eCommerce Expo was organised in Budapest. There were 50 speakers and several thousand participants at the event. No wonder that interest was great: according to data...
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Developing European drink market
According to a survey by Moody, the alcoholic and soft drink market will continue to develop in Europe in the next 12 months. The survey used the forecasts of major...
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Economic relations between Germany and Hungary run smoothly
Germany is one of Hungary’s most important economic partners when it comes to food trade. With its 80 million consumers, the German food market is the biggest in Europe. The...
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Nielsen: We spent 303 billion HUF on premium products last year
Consumers’ purchasing preferences were significantly rearranged in 2016. With regard to price segments, the demand for premium products is growing in the top 10 categories of food and chemical products,...
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KSH: agricultural producer prices increased
The decline in agricultural producer prices stopped in March. Prices increased by 1.4 percent, compared to the same period of the previous year, due to a 3.6 percent decline in...
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MRSZ: the advertising market has three and a half years to adapt to the new rules on public advertising
From 28 May, only such advertising tools can be placed in a public space that corresponds to the LXXIV. law. The existing advertising tools that are not in compliance with...
Read moreFM: more professionals would be needed to boost the agricultural economy
The number of students enrolled in agricultural education has increased by two percent last fall, but there are still fewer professionals graduate in these institutions than would be needed for...
Read moreEvery fifth international chain would expand in Hungary according to a survey
65 percent of the international retail chains would expand in the United Kingdom in 2017. 19 percent of the international retail chains mentioned Hungary as well, thus Hungary is the...
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Inflation declined to 2.2 percent in April
Consumer prices were on average 2.2 percent higher in April than a year before, inflation slowed down by 0.5 percentage points from the annual 2.7 percent of March. Compared to...
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Nébih: Food counterfeiting is the second largest illegal deal in the EU
After drug trafficking, the second largest illegal business is abusing with food chain products in the European Union and it is the fourth in the world – Helik Ferenc, Helik...
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Foreign trade surplus may remain significant in the future
The foreign trade surplus may remain significant in the future, according to MTI’s macroeconomic analysts, who are expecting a further growth in exports in the coming months. According to preliminary...
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The proper digital and tax environment is the precondition of the success of the economy
Szijjártó Péter, Minister of Foreign Affairs was the guest of the Economic Summit of the Hungarian Association of Employers and Industrialists (MGYOSZ). At the event, Dr. Futó Péter, President of...
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Trading House: The Hungarian companies are competitive in the Iraqi market
In just a year, the value of total Hungarian exports to Iraq increased by 30 percent, which demonstrates that the Hungarian companies are open and competitive in the Iraqi market...
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(HU) GKI: Eddig a vártnál gyorsabb ipari és lassabb kiskereskedelmi bővülés
Sorry, this entry is only available in HU....
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Destination: Iran!
Iran is the biggest country in the Middle East (its territory is 1,648,195km²) with a population of 82.2 million. The size of irrigated land is bigger than Hungary: 95,000km². Iran’s...
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Producing quality for 125 years
The Dr. Oetker brand has stood for reliability and quality since the start in 1891. Dr. Oetker Backin Baking Powder, Vanilla Sugar and Pudding Mix have been the first products,...
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Last year’s domestic advertising spendings increased by 11 percent
Last year, the domestic advertising spending was 216 billion HUF, 11.2 percent more than a year before – according to the data published by the Hungarian Advertising Association (MRSZ) on...
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Almost 50 tons of food was seized by the Nébih in recent months
More than 47 tonnes of fake or poor quality food and 107,000 liters of other products were withdrawn from circulation by the National Food Chain Safety Office (Nébih) during the...
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