Market News
The convergence of the Central-European wages has stopped
A Hungarian researcher of the European Trade Union Confederation has highlighted a sad data on the Central European wage situation – hvg.hu wrote. Galgóczi Béla’s study shows that while productivity...
Read moreWe spend about 50 billion HUF a month on tobacco products
The Hungarian population is spending nearly 50 billion HUF on tobacco products per month – the data provided by the National Tobacco Trade (ND) Nonprofit Zrt. told Világgazdaság. Between January...
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The rate of GDP growth in the EU and the euro area barely changed
The euro area economy grew as it was expected, while the European Union’s economy expanded somewhat more than in the first quarter of this year – according to a second...
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PwC’s CEO Survey: the Hungarian results
PwC Hungary – in partnership with the Hungarian Association of Employers and Industrialists (MGYOSZ) – asked the opinion of Hungarian CEOs for the sixth time about domestic and international trends,...
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The Garden Toothbrush
African eggplant lives up to its name: as it grows it bears white, oval-shaped fruits that look just like eggs before they ripen and turn green. It is one of...
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Optimistic German consumers
In 2016 the German economy’s growth rate was 1.9 percent. As for grocery retail, in the last quarter of 2016 values sales were only 0.3 percentage points higher than in...
Read moreKSH: GDP grew by 4.1 percent in the first quarter
The Gross Domestic Product (GDP) grew by 4.1 percent in the first quarter, compared to the same period of last year – according to the first estimate of the Central...
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The rate of advertising tax will be 7.5 percent from July
The Parliament amended the law on advertising tax on Tuesday, according to which 7.5 percent will be the rate of the advertising tax in the second half of the year....
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Smaller sweets to come
Many major international companies, including Mars, Nestlé and Wrigley, are planning to sell their products in smaller quantities. The innovation designed for 2022 is explained by taking care of the...
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It is possible to estimate the loss of fruits only a couple of weeks later, according to FruitVeB
The damage caused by the frost and the bad weather can be estimated only a couple of weeks later – according to the Hungarian Vegetable and Fruit Interprofessional Organization and...
Read moreFeketelista.hu: the third of the abolishing companies disappear with forced evictions
In the past four years, more than a third of the 253,378 companies have been abolished, 91,615 companies with forced evictions in business life – the feketelista.hu report on Tuesday....
Read moreThe sowing has ended in Békés county
Sowing works were completed on more than 220 thousand hectares in Békés County. Based on the current expectations, a strong-medium yield is expected – the president of the Békés County...
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The euro zone trade surplus has reached a record
The euro zone trade surplus reached a record in March, according to the first estimate of the European Union’s statistical office. Eurostat’s report was published on Tuesday. In the third...
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Strong performance from grill sausages
Between January and December 2016 grill sausage value sales rose 19 percent and volume sales surged by 18 percent. The size of the market exceeded HUF 2.3 billion in value...
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VAT reduction would be favorable for the bakery industry
It would be beneficial for the bakery industry if the Value Added Tax (VAT) on bakery products would be reduced, according to the proposal of the National Chamber of Agriculture...
Read moreAnalysts: the rate of price increase is decreasing, but core inflation is increasing
The 2.2 percent inflation rate in April is much lower than the 2.7 percent measured in March and slightly lower than the market expectations – analysts told MTI. According to...
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The Exim Bank and Insurer launches a new program to support the export-oriented SMEs
By 2021, the Exim Bank and Insurer with its financial products would like to reach more than 50 percent of the micro, small and medium-sized enterprises. In order to reach...
Read moreMátra wine region was swept away by the hailstorm
The damages caused by the hail on Saturday surpassed the preliminary estimates in the Mátra wine region. About three hundred million HUF damage is expected – the president of the...
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Less fish died in Lake Balaton during the spring
In spite of the long winter and the long-lasting ice, the fishermen of the Lake Balaton Fish Management Nonprofit Ltd. have collected far fewer fish bodies than usual this year...
Read moreChina is building a new silk road
China is building a new silk road in a value of nearly 500 billion USD containing mainly infrastructural developments. The new silk road would reach 65 countries, nearly two-thirds of...
Read moreUS retail trade grew less than expected
The growth in US retail sales in April was slower than the expectations of the analysts. The US Department of Commerce reported that the seasonally adjusted retail sales grew by...
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The Brits throw 1.4 million edible bananas into the trash every day
1.4 million pieces of edible bananas are dumped per day by the British, while the amount of wasted garlic each year reaches 80 million pounds (25 billion HUF), according to...
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The poultry sector gives more than 10 percent of the agricultural output
Last year, the poultry sector gave about 13 percent of the total agricultural output – the Minister of State of the Ministry of Agriculture (FM) said on Friday at a...
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Product Board: a 20 percent crop loss in vegetables is expected
A 20 percent crop loss can be expected for vegetables due to the damages caused by the weather – according to the FruitVeB Hungarian Vegetable Fruit Interprofessional Organization and Product...
Read moreThe European Commission is expecting 3.6 percent growth for this year in Hungary
The European Commission improved its prognosis for the growth in the Hungarian gross domestic product (GDP). The European Commission expects a 3.6 percent increase in gross domestic product (GDP) for...
Read moreThe bees suffered a great loss, less honey is expected
One-third of bees died in Jász-Nagykun-Szolnok County during the winter. Because of the less productive bees, it is likely that there will be less rape and acacia honey this year...
Read moreConsumer sentiment in the United States is on its four months peak
Consumer sentiment improved in the US in May, reaching a peak of four months – according to the preliminary results of the University of Michigan’s Monthly Survey. The consumer mood...
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Commerce Expo 2017: women drive the sales growth in e-commerce
On 30 March the eCommerce Expo was organised in Budapest. There were 50 speakers and several thousand participants at the event. No wonder that interest was great: according to data...
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Developing European drink market
According to a survey by Moody, the alcoholic and soft drink market will continue to develop in Europe in the next 12 months. The survey used the forecasts of major...
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Economic relations between Germany and Hungary run smoothly
Germany is one of Hungary’s most important economic partners when it comes to food trade. With its 80 million consumers, the German food market is the biggest in Europe. The...
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