Market News
The Hungarian Quality Product Award is celebrating its twentieth anniversary
The 20th Hungarian Quality Product Award was published in 46 major categories. The Hungarian Quality Product Award has become Hungary’s most prestigious rating system, proving that quality is also able...
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GKI: How many people are affected by the mandatory wage increases?
The February business survey of the GKI Gazdaságkutató Zrt. market researcher firm investigated the corporate effects of the minimum wage increase. The bigger the company, the minimum wage increase affects...
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A huge scandal has shaken the already shaken economy of Brazil
Brazil, the world’s biggest beef and chicken exporter, with clients in some 150 countries, is scrambling to stop the fallout from police allegations of corruption and unsanitary practices in the...
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Smartphone counterfeiting causes significant losses and health risks
The smartphone forgery in addition to the serious health and security risks causes significant economic losses. 14 million counterfeited smartphones are sold in the EU each year – according to...
Read moreTOP 10: these are the most livable cities in the world in 2017
Vienna continues to lead the latest list of Mercer, in which the standard of living of the world’s cities was studied – penzcentrum.hu wrote. The world’s largest HR consulting firm,...
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Organic foods in Europe
EuroCommerce opines that European farmers are unable to keep up with the growing demand for organic food and they offer their products at prices that are too high. The organisation...
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Worldwide retail revenue reached 4 trillion dollars
According to an analysis by Deloitte, sales of the world’s 250 leading retailers improved by 5 percent in 2015, generating a revenue of USD 4.31 trillion. Although sales of Wal-Mart...
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Fazekas: about 514 million HUF to be spent on fish farming annually
The new Fisheries Management Act provides and regulates the use of public revenues from fishery management since 2014. As a result, about 514 million HUF is available in Hungary’s budget...
Read moreLondon analysts: the performance of the Hungarian economy forecasts a stronger than expected growth this year
London financial analysts said that on the basis of the current activity indicators, the Hungarian economy started strongly this year and is likely to grow at a faster pace than...
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January wage increases brought a positive surprise
The 10 percent growth rate of the gross wages in January brought a positive surprise to analysts, as market expectations were around 8.5 percent. This year wages may grow by...
Read moreThe preparation of online billing to accelerate
The government does not intend to introduce new taxes – Varga Mihály told Magyar Idők. The Minister of National Economy prefer to increase state revenues combating the black economy. The...
Read moreMore lenient rules on GMO feed
The Ministry of Agriculture would change the regulations relating to the labeling of food containing no genetically modified organisms (GMOs). The proposal is under public consultation. The most significant amendment...
Read moreFifth of the bees in Békés county died
15-20 percent of the bees have died in Békés county in the winter. Because of the low number of bees it is likely that this year, lower amount of rape...
Read moreAn agricultural information center will be built in Gödöllő from one and half billion HUF support
Agricultural Informatics academic and industrial cooperation center will be built in Gödöllő. The consortium led by the Szent István University received a 1.48 billion HUF non-repayable support from the National...
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Hungerit gets government funding for export expansion
Hungerit Poultry Processing and Food Zrt. receives HUF 1.8 billion worth of non-refundable funding to realise a HUF 5.1-billion export expansion project. As a result of the new project, the...
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Milk and poultry prices going in opposite directions
In November 2016 agricultural production prices decreased by 5.5 percent from the level of November 2015 – reported the Central Statistical Office (KSH). This drop was the result of vegetable...
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Would you like to avoid workplace accidents? This is what you should do!
In the first half of 2016 there were 10,276 workplace accidents in Hungary – 27 percent more than in the same period of 2015 – and many of these could...
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Kosher abattoir to be built in Csengele
From a HUF 2.8-billion budget a kosher abattoir and poultry processing farm will be built in Csengele. When the project is completed, 260 people will be employed by Quality Poultry...
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Everplast starts manufacturing recycled polyethylene foil
As a result of a HUF 440-million development project, Csömör-based Everplast Waste Recycling Zrt. has started manufacturing UV ray resistant foil in Sümeg – from the project’s budget HUF 220...
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NGM: egg price comparision will be easier from Monday
According to a regulation change coming into force on Monday, the price of eggs must be indicated in the same font size as the unit price per weight – the...
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The Clean Air Action Group recommends the dissemination of home delivery services
Instead of taxing the home delivery services, these services should be encouraged, because they are environmentally more favorable – the Clean Air Action Group wrote in its letter that was...
Read moreFidelity: optimistic corporate sentiment
The sentiment of the management of the world’s largest companies improved at a level has not seen since 2014, so it has changed from negative to positive by 2017 –...
Read moreThe Chamber of Agriculture would build its service centers in each counties
The National Association of Agricultural Economics would build its service centers in each counties, which would give advices to farmers in different areas – the organization’s presidency spokesman told M1...
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The government rearranges 3.5 billion HUF
A total of 3.5 billion HUF was rearranged by the government from the emergency reserves for connecting vending machines to the tax authorities, as well as for priority road projects...
Read moreÚjabb digitalizációs robbanás fenyeget
Az elmúlt 15 évben több, mint 760 százalékkal nőtt az internet-felhasználók száma, világszerte. Míg 2000-ben 361 millióan voltak jelen az online térben, addig a legfrissebb adatok szerint ma már több,...
Read moreRetail sales growth accelerated in the Czech Republic
Retail sales increased by 5.6 percent on an annual basis in the Czech Republic in January – the Czech Statistical Office announced in Prague. In December last year, this figure...
Read moreConsumers are confident in the world’s largest economy
Consumer sentiment improved in the US in February – according to the usual monthly survey of the University of Michigan. The preliminary results were published on Friday. The consumer sentiment...
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Unknown origin rabbit meat was seized
The National Food Chain Safety Office (NÉBIH) seized more than 60 kilograms of unknown origin rabbit meat – the agency told MTI on Friday. The NÉBIH checked meat shops containing...
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First Services Centre opens
On 15 December 2016 the Hungarian Chamber of Agriculture (NAK) opened its first services centre in Hajdúböszörmény. In the new centres NAK won’t only offer traditional services to farmers, but...
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