Market News
About 30 percent less strawberries will be produced this year in Hungary
In Hungary this year, about 30 percent less strawberries will be produced due to frost damage – the National Chamber of Agriculture (NAK) told MTI on Friday. According to the...
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Magazine: Pálinka, my love…
According to Dr Gedeon Totth, head of the Institute of Commerce and Marketing at Corvinus University of Budapest, the popularity of real pálinkas is growing among members of Generation X....
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NGM: real wage growth continues
The real wages are rising for 51 months in Hungary and this process continues, Cseresnyés Péter, Minister of State of the the Ministry of National Economy (NGM) told M1 channel...
Read moreGKI: the prosperity index is on its three-year peak in May
Its relatively modest increase in May led GKI’s prosperity index to a three-year peak. The increase is mainly due to service companies whose optimism pulled our prosperity index to a...
Read moreHungary should become the logistics service center of the region
Hungary needs to become the logistic service center of the region, so the government wants to improve the competitiveness of the carriers, and also wants to help the sector by...
Read moreThe decisions on agricultural subsidies will be born in the summer
The decisions on agricultural applications for agricultural subsidies will born in the summer period, and new applications are also planned to be opened – the Minister of State of the...
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Innovation is needed in the seed sector
Szijjártó Péter, Minister of Foreign Affairs emphasized the importance of innovation in the field of sustainable agricultural production, reducing the effects of global challenges and climate change at the World...
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Entrepreneurs may get more support in the future
Entrepreneurs who are able to provide jobs for themselves and also for others are the Government’s most important allies, the Minister heading the Prime Minister’s Office said on Friday in...
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Zalaegerszeg test track will be unique
In Zalaegerszeg on Friday, at the foundation-stone ceremony for an automotive industry test track designed for the testing of both conventional and autonomous cars, Prime Minister Viktor Orbán said that...
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KSH: Growth in earnings continued to accelerate in March
Average earnings in March were 12.8 percent higher than a year before. Calculating without public employees the growth is 12.2 percent – the Central Statistical Office (KSH) told on Friday....
Read moreFM: Several supports to help the farmers who suffered damages
Farmers who have suffered damages will be assisted by several supports developed by the Ministry of Agriculture (FM) – the ministry told on Friday. The Ministry of Agriculture (FM) recalled...
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Research for food safety
Reducing food-related illnesses and deepening the knowledge of the population’s food chain security is the goal of the EU research project that was launched with the participation of the National...
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The whitening of the economy would bring hundreds of billions of revenues
Hundreds of billions of extra tax revenue can still be gained by the further whitening of the economy – Domokos László President of the State Audit Office told Magyar Idők....
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Agricultural Chamber: The new smart card facilitates administration
The new Smart Card on the Agricultural Chamber contains a lot of information that will make administration easier and faster – Süle Katalin, spokesperson of the National Chamber of Agriculture...
Read moreRetail sales increased in Great Britain
In April, retail sales grew more than expected in Great Britain. It is the highest increase of the past 15 months, according to the data released by the National Statistical...
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Some of the exhibitors
The website ajandekvarazslo.hu (offering personalised gift ideas to customers) was launched before last Christmas and so far more than 100,000 products have been uploaded to the website. Schoeller Allibert manufactures...
Read moreCheaper to sell online in the EU
VAT payment for selling goods online within the European Union will simplify by 2021. The latest report by MAZARS analyses the EU’s plan that would reduce the administrative burden and...
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Magazine: Big Data: facts and misconceptions
We hear a lot about the concept of Big Data and just like in the case of other topical issues, misconceptions are also spreading. It didn’t make the situation any...
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(HU) Mi az? Pontosabb a GPS-nél és az év retail szenzációja lehet?!
Sorry, this entry is only available in HU....
Read moreQuality wines on the shelves of the department stores
It has been a trend for years that we can buy high-quality wines at hypermarkets and discounts. Experts also spend more and more time walking between the wine shelves of...
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The barbecue season brings billions of HUF in turnover
The barbecue season is a billion HUF business. The demand also grows towards related food and non-food products – origo wrote after Világgazdaság. The annual turnover of grilled sausages, spices...
Read moreThe Lithuanians consume most alcohol in the world
The Lithuanians consume 18.2 liters of alcohol per year. Among the regions, the Europeans are leading the world with an average of 10.3 liters of alcohol consumption, according to the...
Read moreNGM: More than 100 SMEs won EU funds to increase their competitiveness
A total of 148 micro, small and medium-sized enterprises won nearly 10 billion euros worth EU fundings to increase their competitiveness, to create new products, to develop new technologies and...
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A Hungarian male spends an average of 2500 HUF on cosmetics
Men in Hungary still believe in the trinity of shower gel, shampoo, and deodorant, but there is no big difference between the two sexes in terms of monthly spending –...
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The two major rural airports plan to deliver freight regularly
Freight traffic is significantly increasing at the Budapest Airport. Meanwhile, the two major airport operators are also working on the launch of regular freight services – Magyar Nemzet Online, wrote...
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No change in sales concentration
COOKING OIL sales exceeded HUF 30 billion in the February 2016-January 2017 period. Value sales grew by 6 percent but volume sales dropped 2 percent. There was no change in...
Read moreThe Hungarian retail trade grew by 3.4 percent in the first quarter of 2017
In the first quarter of 2017, the turnover of Hungarian retail trade grew by 3.4 percent, compared to the same period of the previous year on the food and chemical...
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In the autumn the milk may become more expensive
Price increase is expected within the dairy finished products in the fall due to the increase in buying prices – agrarszektor.hu wrote. The producers are in a difficult period too,...
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Pork exports increased
Although the domestic pork exports rose sharply at the beginning of the year and imports only grew modestly, the competition continued to be sharp on the market between domestic and...
Read moreAnalysts raise their growth projections
Market analysts welcomed the 4.1 percent GDP growth rate of the first quarter and after the detailed data will be published they may adjust their forecasts upward for this year...
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