Market News
KAVOSZ: the maximum loan amount of the Agro Széchenyi Card has doubled
Date: 2017-08-09 11:40:31
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...
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Analysts expect inflation of around two percent
Date: 2017-08-09 11:35:34
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...
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Brits worry for their Darjeeling tea
Date: 2017-08-09 11:02:22
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...
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Artificial intelligence writes newspaper articles
Date: 2017-08-09 09:14:16
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...
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Good quality cereal crops are expected
Date: 2017-08-08 11:45:40
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...
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Inflation is over two percent
Date: 2017-08-08 11:40:00
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...
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Investment plans are real according to the latest survey of the Takarék Agrárhangulati Index
Date: 2017-08-08 11:32:32
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)...
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KSH: the six-month foreign trade surplus is approaching 5.4 billion euros
Date: 2017-08-08 11:30:33
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...
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Business confidence improved significantly in the SME sector
Date: 2017-08-08 11:25:23
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....
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Budapest Bank survey on EU funds
Date: 2017-08-08 11:22:01
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...
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Foreign trade surplus can reach 9.5 billion euros this year
Date: 2017-08-08 11:20:10
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...
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Hungary spends the most on leisure and cultural activities in the EU in the proportion of the GDP
Date: 2017-08-08 11:01:21
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...
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The NAV caught the members of the cigarette smuggling criminal organization in Szabolcs county
Date: 2017-08-08 11:01:14
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...
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Magazine: Impulses at home and in the shops
Date: 2017-08-08 07:19:03
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...
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Analysts: strong consumer confidence maintains the growth in retail sales
Date: 2017-08-07 11:50:10
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...
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FM: the number of bee families exceeds one million
Date: 2017-08-07 11:32:23
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...
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People over 50 spend three quarters of their income on overhead, food and medicine
Date: 2017-08-07 11:30:40
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...
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K&H: more than third of young people have savings
Date: 2017-08-07 11:25:19
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...
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FM: 200 million HUF for developing environmentally conscious waste collection approach
Date: 2017-08-07 11:20:23
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...
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Romania’s retail sales grew by nearly 8 percent
Date: 2017-08-07 11:05:16
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...
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Ifo: the economic mood index of the euro area has reached almost seventeen-year high
Date: 2017-08-07 11:02:56
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...
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Penny Market has signed a 3 year-long sponshorship agreement with FTC
Date: 2017-08-07 10:55:54
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...
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FM: the number of producer markets has almost tripled
Date: 2017-08-04 11:38:59
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...
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FM: the development of vegetable and fruit growing is an important task
Date: 2017-08-04 11:35:05
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...
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Nébih: Hungary is not involved in the “Dutch egg case”
Date: 2017-08-04 11:26:52
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...
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No significant decrease is expected in the number of food and drink vending machines
Date: 2017-08-04 11:14:13
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...
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Beer production increased in the EU last year
Date: 2017-08-04 11:08:36
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...
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The focal point of African swine fever is closed by fence in the Czech Republic
Date: 2017-08-04 11:05:02
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...
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Lidl opens first US stores
Date: 2017-08-04 09:16:48
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...
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Farm development programmes are coming
Date: 2017-08-04 09:13:36
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...
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