Market News
The purchasing manager index in October was higher than the average
The seasonally adjusted value of the Purchasing Manager’s Index (PMI) in October was 58.3 points, which is below the 59.3 points of September. Compared with past Octobers, this year’s value...
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The milk producers demonstrated in Brussels again
The EU milk producers demonstrated in front of the European Commission’s (EC) headquarters in Brussels again – agrarszektor.hu wrote. The farmers are pushing for action to get a fair share...
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Another EU step towards protecting consumers: here is the trademark reform
The new comprehensive EU trade mark reform has come into force: “Certain Community trademarks may be canceled after a 5-year grace period on the basis of the report of a...
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The very expensive whiskey was fake
A dram of vintage Scotch bought by a Chinese millionaire in a Swiss hotel bar for £7,600 was a fake, laboratory tests have concluded. Analysts from Scotland were called in...
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Analysts: employment on historic peak
The number of employees has risen to record highs in the third quarter and the market analysts expect a further decline in unemployment, market analysts commented on the labor market...
Read moreTo date, a subsidy payment of 97 billion forints has been paid to farmers
The Hungarian State Treasury has paid up to 97 billion HUF this year to the farmers – the Deputy Chairman of the Hungarian State Treasury told at a press conference...
Read moreMNB: Hungarian consumers became more conscious
Lending in Hungary is picking up again. Consumers are choosing more consciously, and the rules on borrowing also curb indebtedness – Binder István, supervisor spokesman of the National Bank of...
Read moreThe NAV will prepare the tax return for the primary producers
At the initiative of the National Chamber of Agriculture (NAK), the National Tax and Customs Office (NAV) is preparing the personal income tax return instead of the primary producers and...
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The business optimism of the German companies in Hungary continued to improve
According to the latest rapid survey of the German-Hungarian Chamber of Industry and Commerce (DUIHK), the German companies operating in Hungary are currently evaluating their economic situation as excellent. The...
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The communication and problem-solving skills are most appreciated by employers according to a survey
In all sectors, communication and problem-solving skills are the most appreciated by employers, and in case of the four-fifth of the jobs they require knowledge of English in addition to...
Read moreUntaxes cigarettes were found in Budapest hidden into dog biscuit boxes
The National Tax and Customs Office (NAV) found more than 88,000 boxes of untaxed cigarettes in Budapest in a hired warehouse hidden in dog biscuit boxes – the NAV told...
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Whiskey auction record: 285 thousand pounds for a barrel
Not only glassware but barrels of Scotch whiskey are also a huge business. At an auction, the record of the most expensive barrel was 285 thousand pounds for a 30...
Read moreConference Board’s confidence index is on a seventeen year peak
U.S. consumer confidence increased more than expected in October to the highest in almost 17 years as Americans grew more confident about the economy and job market. The New York-based...
Read moreGKI: Trends are favourable in the short term
Trends in the Hungarian economy of the first half of the year have continued in the past few months, and no substantial changes can be expected until mid-2018. Owing to...
Read moreFruitVeB: The volume of folded vegetables grew by 15 percent
The yield of folded vegetables has increased significantly, by 15 percent in recent years, while the size of the folding area has declined – Ledó Ferenc, President of the Hungarian...
Read more11 percent more employees at Intersnack
Intersnack, the manufacturer Chio products, thanks to growing exports, increased the number of its staff by more than 11 percent, compared to last year. The company’s number of employees has...
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FM: The impact of the extension of the Russian embargo on Hungarian agro-exports is negligible
The expansion of the Russian embargo has a negligible impact on Hungary’s exports to Russia – the Ministry of Agriculture (FM) told MTI on Monday. According to their information, the...
Read moreThe aim of the government is to give more and more tasks to the agrarian chamber
The aim of the government is to give more and more tasks to the National Chamber of Agriculture (NAK) – Lázár János, Minister of the Prime Minister’s Office said at...
Read moreCisco: the number of Internet users to increase by 1 billion in four years
According to Cisco’s forecasts, the number of Internet users will increase by 1 billion in four years, from last year’s 3.6 billion to more than 4.6 billion users in the...
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New flavors have been identified by Australian researchers
A possible seventh flavor, carbohydrate has been identified by Australian researchers who are trying to reveal how this flavor is related to the consumption of starchy foods. “This is typically...
Read moreThe German ifo business sentiment index at record level
Instead of the expected minimal deterioration, the October German business sentiment index of the Munich-based Institute for Economic Research rose significantly to record levels. The October business mood index rose...
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The trademark gives guidance to shoppers
Judit Szép, managing director of BioCo Magyarország Kft. told our magazine that her company is the only one among dietary supplement manufacturers with 10 products bearing the MÉKISZ trademark. It isn’t easy...
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Tork PeakServe™ Continuous™ Hand Towel System is setting a new standard for high-traffic towel dispensing
Our latest research** shows that dirty and overcrowded washrooms are the biggest problem at high-traffic venues. When asking over 3000 people across six countries about their experience at high-traffic venues,...
Read moreMagazine: Wieners and frankfurters are purchased less often
In the first six months of 2017 Hungarian households purchased less wiener and frankfurter, because the number of buying occasions decreased. Nine from 10 households purchased the category in the examined...
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The Croatian TOP10 has 82 percent of the market
The 10 biggest retail chains in Croatia had combined sales of EUR 3.72 billion in 2016, which constitutes an 82.1-percent market share. Konzum is still the biggest player with a...
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South Korean cosmetics at Unilever
Unilever is to spend USD 2.7 billion on buying a South Korean cosmetics manufacturer, in order to stay the fourth biggest player in the skin care market. Carver Korea’s sales...
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New Purina factory in the USA
Nestlé has announced that a new factory will start production in the USA, making Purina pet care products. The new production plant – the 21st Purina factory in the USA...
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The English like a German retailer the most
German discounter Aldi was voted the most popular retail chain of 2017 in the United Kingdom. In a voting organised by the magazine Good Housekeeping, the discount supermarket chain finished...
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