Market News
The MGYOSZ launches a national series of events for the development of vocational training
The National Association of Employers and Industrialists (MGYOSZ) is launching a national series of events for the development of vocational training in September. The National Association of Employers and Industrialists...
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The rate of inflation has declined in the euro area
According to the preliminary data, the rate of inflation has fallen in the euro area in May, according to Eurostat, the statistical office of the Union. Consumer prices rose by...
Read moreThe abolition of cigarette machines is under consideration in Austria
Debate began on the abolition of public cigarette machines in Austria, politicians have so far declined to comment on this issue – the Der Standard Austrian newspaper wrote. Apart from...
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NAK wants us to eat more mushrooms
In June the Hungarian Chamber of Agriculture (NAK) organised a promotion campaign for retailers (Auchan, CBA, LIDL, METR O, SPAR, TESCO) and mushroom growers. Hungarian mushroom consumption is very low, 1-1.5kg...
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KSH: increasing investments in the first quarter
In the first quarter of this year, the volume of investments exceeded the low base of the same period of the previous year by 34.1 percent, when a 14.9 percent...
Read moreThe sowing area of maize and wheat decreases
Maize and wheat were sown on almost three thousand less hectares of land this year in Tolna County. The sowing area of the autumn wheat fell by nine thousand hectares,...
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Instant transfer from 2019
Instant transfer is planned to be launched from 1 July 2019 in Hungary. The complex cash flow development can fundamentally change our everyday lives. The new system will be able...
Read moreThe Romanian authorities prevented the smuggling of 40 million illegal cigarettes during three months
The Romanian authorities have prevented the smuggling of 40 million illegal cigarettes in the last three months and more than 300 people were arrested for suspected cigarette smuggling – the...
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The European Union sets thousands of free internet access points up
Political agreement has been reached by the EU institutions on the so-called WiFi4EU initiative, which will create thousands of free internet access points for 2020 on the continent, the European...
Read moreIDC: The world market of smartphones has slightly increased this year
According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, worldwide smartphone shipments are expected to rebound slightly in 2017 with expected growth of...
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Good business relations with Estonia
Parliament on Monday, after talks with his Estonian counterpart, Prime Minister Viktor Orbán said that Hungary has always had excellent and close relations with Estonia. In July Estonia will take...
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Hungary recorded unprecedented investment growth in Q1 2017
In the first quarter of 2017, the volume of investment totalled HUF 1033bn, which shows year-on-year investment growth of more than 34 percent. This has been the highest growth rate...
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Magazine: There is no stopping until perfection is reached
Value sales have increased recently in the shaving product market. Consumers have started buying more expensive products in the category. The category is very much seasonal: value sales in the...
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Faster than expected growth
In the 1st quarter of 2017 the Hungarian GDP increased by 4.1 percent, faster than originally expected. Thanks to this GKI has modified its annual growth forecast to 3.5 percent....
Read moreHungarian food exports increased by 37 percent over the past five years
The Hungarian food exports have increased by 37 percent over the past five years – Fazekas Sándor Minister of Agriculture said in Herceghalom. At the meeting of the Federation of...
Read moreWe can find great value-for-money wines in the large chain stores
The professional wine portals are regularly watching what exciting items you can get at stores right now. What is really interesting that we can find such wines not only in...
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Premium Lemon-Chili Grill and Premium Mediterranean Grill: Crowning of the Wiesbauer-Dunahús Grill Products
The Wiesbauer-Dunahús opens this year’s barbecue season with two new “Premium” specialties, such as the “Premium Lemon-Chili Grill” and “Premium Mediterranean Grill” products. The “Premium” brand guarantees high quality products...
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MNB: the convergence of the SME sector would increase the GDP by 3 to 5 percentage points
If the productivity of the Hungarian small and medium sized (SME) sector would reach the average of the region and would approach to large corporations, the Hungarian gross domestic product...
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Companies’ willingness to pay increased
The companies’ willingness to pay has improved. Invoices are offset more quickly, and less bad debts occur in cross-company sales, compared to last year, according to the survey of Atradius....
Read moreAsia and Europe save the luxury industry
The world’s luxury market will grow larger than expected, according to an analysis. Growth is mainly due to Europe and Asia, which is offset by falling the US sales –...
Read moreNational Anti-Counterfeiting Agency: 3.3 billion HUF loss, due to fake toys a year
The loss of the industry is estimated at an average of 3.3 billion forints a year, due to counterfeit toys – according to a report by the European Office of...
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Nearly the third of the fruits froze in Ukraine
The frosts of May have caused serious damages to the Ukrainian agriculture this year. The Ministry of Agriculture predicts that fruit production will be 29 percent less than expected, only...
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Chinese investment triples in US, doubles in Europe
Combined Chinese direct investment in the advanced economies of North America and Europe more than doubled in 2016 as China’s rapidly maturing economy continued its transition to a new growth...
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Payment Practices Barometer Eastern Europe 2017
After an increase of almost five percentage points in 2016, the percentage of overdue B2B invoices in Eastern Europe decreased again this year (41.5%). With the exception of Turkey, economic...
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Agrarian Chamber: producers join forces to increase the competitiveness of the onion sector
The National Chamber of Agriculture (NAK) aims to increase the competitiveness of the Hungarian dairy industry and to attract the attention of traders and consumers to the high quality Hungarian...
Read moreAgrarian Ministers: well-thought-out water management is the foundation of agriculture in the future
Well-thought water management is the basis of future agriculture, EU agriculture ministers agreed on Tuesday in Malta, agreeing that effective cooperation between the water and agricultural sectors is essential to...
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The circular economic model is also popular among the Hungarian companies
Waste is not only an environmental problem but also an economic one, so the linear economic model should be transformed into a circular economy based on a circular process –...
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Seed Alliance: Hungary is the sixth most important seed exporting country
Hungary is the sixth in world seed exports. The country’s climatic weather conditions are excellent for seed production – Pavelka Árpád, chairman of the Seed Society Interprofessional Organization and Product...
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