Market News

KAVOSZ: the maximum loan amount of the Agro Széchenyi Card has doubled

The maximum loan amount of the Agro Széchenyi Card increased, the cost and interest-free loan will be available again for agricultural enterprises that suffered damages due to adverse weather conditions...

Read more

Analysts expect inflation of around two percent

The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer...

Read more

Brits worry for their Darjeeling tea

Brits worry for their favorite Darjeeling tea as well as the Japanese and the Germans. The terroir of the so called champagne of the teas is threatened by strikes in...

Read more

Artificial intelligence writes newspaper articles

BBC and Associated Press have started using the Wordsmith application of Automated Insight (available in English and Chinese at the moment) in writing sports articles. Since the app’s launch 1.5...

Read more

Good quality cereal crops are expected

Almost one million hectares of winter wheat is already in the granaries. A slightly larger and better than average quality grain crops are expected – according to the Minister of...

Read more

Inflation is over two percent

Consumer prices were on average 2.1 percent higher in July than a year before. Compared to June, the average consumer price did not change, the Central Statistical Office (KSH) reported...

Read more

Investment plans are real according to the latest survey of the Takarék Agrárhangulati Index

After the drought period, before the delivery of the application decisions, the majority of the farmers still have a positive view on agriculture, according to the Saving Group’s (Takarék Csoport)...

Read more

KSH: the six-month foreign trade surplus is approaching 5.4 billion euros

In the first half of the year, exports increased by 9.9 percent and the value of imports calculated in euros increased by 11.3 percent, compared to the same period of...

Read more

Business confidence improved significantly in the SME sector

Business confidence improved significantly in the small and medium-sized enterprises (SMEs) sector, compared to the previous quarter – the MKIK Institute for Economic Research and Enterprise Research (GVI) told MTI....

Read more

Budapest Bank survey on EU funds

Hungary’s companies have claimed 270 billion HUF of preferential credit products combined with non-refundable EU grants, which is more than half of the announced budget – Budapest Bank (BB) told...

Read more

Foreign trade surplus can reach 9.5 billion euros this year

The foreign trade surplus can reach 9.5 billion euros this year, so it can lag just a bit behind the 9.935 billion euros of last year, according to experts interviewed...

Read more

Hungary spends the most on leisure and cultural activities in the EU in the proportion of the GDP

On average, the EU member states spend one percent of their gross domestic product (GDP) for the support of leisure, cultural and religious activities. In the proportion of the GDP...

Read more

The NAV caught the members of the cigarette smuggling criminal organization in Szabolcs county

The National Tax and Customs Administration (NAV) found a twelve-membered cigarette smuggling criminal organization in the Nagyhódos region of Szabolcs-Szatmár-Bereg County. Four members of the gang were arrested by the...

Read more

Magazine: Impulses at home and in the shops

According to Balázs Hunya, refreshment marketing intern of Unilever Magyarország Kft., the weather has the biggest influence on sales in the impulse ice cream categories. In grocery stores family box...

Read more

Analysts: strong consumer confidence maintains the growth in retail sales

Growth in retail sales in June was expected, due to the strong growth of wages in April and May. The growth in real wages and the 11-year high consumer confidence...

Read more

FM: the number of bee families exceeds one million

The Hungarian honey is excellent, its production is based on traditions and production technology, Nagy István, Parliamentary Minister of State of the Ministry of Agriculture told M1 news channel on...

Read more

People over 50 spend three quarters of their income on overhead, food and medicine

In Hungary, people over 50 spend more than three-quarters of their monthly income on overhead, food and medicines, nine percent of their earnings are spent on leisure activities, and two...

Read more

K&H: more than third of young people have savings

More than third of the young people (between age 19-29) have savings, most of them are saving to buy a home – according to K&H’s quarterly survey. According to the...

Read more

FM: 200 million HUF for developing environmentally conscious waste collection approach

A call will be announced for NGOs, local governments and churches to raie public awareness on waste management and the promotion of environmentally conscious thinking – the Minister of State...

Read more

Romania’s retail sales grew by nearly 8 percent

The volume of Romanian retail sales increased by 7.8 percent in the first half of the year, compared to the same period of last year, according to the Romanian National...

Read more

Ifo: the economic mood index of the euro area has reached almost seventeen-year high

The economic indicator of the euro area’s economic climate has not seen an unprecedented level in the third quarter for almost seventeen years, according to data published by the Ifo...

Read more

Penny Market has signed a 3 year-long sponshorship agreement with FTC

A Penny Market Ltd., the CEO FTC Soccer Zrt. és a Groupama Aréna have announced wihin the compass of the Lagardére Sports Hungary Ltd. press coference that they have sined...

Read more

FM: the number of producer markets has almost tripled

Thanks to government support, the number of producer markets has almost tripled since 2010 – according to the information of the Ministry of Agriculture (FM), after Nagy István Parliamentary Minister...

Read more

FM: the development of vegetable and fruit growing is an important task

The development of vegetable and fruit growing is an important task – the Parliamentary Minister of State of the Ministry of Agriculture said on Friday in Bősárkány, Győr-Moson-Sopron County. Nagy...

Read more

Nébih: Hungary is not involved in the “Dutch egg case”

Hungary is not involved in the “Dutch egg case” on the basis of current information – the National Food Chain Safety Office (Nébih) told MTI. The Minister of State responsible...

Read more

No significant decrease is expected in the number of food and drink vending machines

No significant decrease is expected in the number of food and drink vending machines, according to the Magyar Posta. More than 27,000 electronic registrations have been received for vending machines...

Read more

Beer production increased in the EU last year

Last year, 39 billion liters of beer was produced in the European Union, 400 million liters more than in 2015. The Union’s beer production was 76 liters per capita in...

Read more

The focal point of African swine fever is closed by fence in the Czech Republic

The focal point of African swine fever in the Zlin region of East Moravia is closed by fence to prevent the spread of the epidemic, the local government said. There...

Read more

Lidl opens first US stores

In the middle of June Lidl started conquering the US market with 10 stores. A major promotion campaign preceded the launch and the first 100 shoppers got a USD 100...

Read more

Farm development programmes are coming

Funding opportunities in this year’s Farm Development Programme have been announced in June. The programme’s budget is HUF 225 million and the details are available to prospective applicants on the...

Read more
Oldal