Market News
Foreign trade in the euro area expanded significantly
Foreign trade in the euro area flourished in May. Exports and imports have expanded considerably, which is another sign that world trade is in a good state. The world’s number...
Read moreConsumer sentiment on its 8 month nadir in the world’s largest economy
Consumer sentiment in July reached an 8 month nadir in the United States – the regular monthly survey of the Michigan University revealed. The preliminary results were published on Friday....
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AKI: Poultry meat export to Hong Kong reaches record level
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s poultry meat export dropped 18 percent to 43,000 tons in the first...
Read moreAgrarian Chamber: We are champions in sweetcorn
Hungary is the largest sweetcorn producer in Europe and after the United States the second largest exporter in the world. In domestic production, super-sweet varieties have been spread, Hungarian sweetcorn...
Read moreThe Kopint-Tárki Zrt. expects an increase of 3.7 percent and a 2.3 percent inflation this year
This year, the researchers of the Kopint-Tárki Konjunktúrakutató Intézet Zrt. expects an increase of 3.7 percent and an annual inflation of 2.3 percent inflation – Palócz Éva, CEO of the...
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Butter prices rose twofold
Food prices may became more expensive this year, due to the increase in the price of butter – Origo wrote. Butter prices have doubled this year, due to unfavorable weather,...
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The breach of procedure, due to the restriction of retail companies in a new stage
The European Commission has informed the Hungarian Government that it has sent a reasoned opinion on the matter, which is the second stage of the procedure. The legislation prohibits the...
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Advocacy: the operators of the beverage and food vending machines will be affected badly by the new legislation
Thousands of beverage and food vending machine operators may disappear, as the new legislation disadvantages operators, and some of its specifications are unachievable – the Hungarian Food and Beverage Association...
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Cold storage facility built in Iváncsa
A cold storage facility has been built from HUF 1.6 billion in Iváncsa. From the project’s budget HUF 1.2 billion came from the government. Owner Alba Fructus Kft. created 15-20...
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Information exchange for risk assessment purposes
The recommendations worded as part of OECD’s Base Erosion and Profit Shifting (BEPS) project have great influence on the international practice of transfer pricing. The goals of the BEPS action...
Read moreKSH: agricultural purchasing prices have continued to rise
In May, due to a 0.9 percent decline in plant products prices and a 15.0 percent increase in live animal and animal products, the agricultural purchasing prices increased by 4.5...
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Tasting in only 4 stores
With the participation of NAK, the melon promotion campaign started last week with the participation of seven chain of stores (ALDI, Auchan, CBA, Lidl, METRO, SPAR, Tesco) Because of the...
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Cattle increased, pig and sheep stocks dropped
The number of pigs increased by 22,000 last year, while the number of pigs decreased by 219,000 and the number of sheep decreased by 36,000, according to the Central Statistical...
Read moreInflation was at its low point in June this year
The slowdown in inflation in June was in line with the analysts’ expectations, who continue to expect increase. After last month’s slowdown, the price of commodity prices, especially the prices...
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GKI: The minimum wage increase affected net earnings less than expected
The minimum wage increase affected net earnings less than expected. In case of the taxpayers, who declared themselves as minimum wage entrepreneurs, net wages between May 2016 and May 2017...
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The market for robotics will grow by 20 percent this year
This year, the amount spent on robotic technology purchases increases by nearly 20 percent according to the US International Data Corporation’s (IDC) survey. According to IDC’s forecast, this year, 97.2...
Read moreFMCG retail sales at our ‘neighbours’
Czech Republic Retail sales expanded faster than the European average: in Q1 2017 like-for-like FMCG value sales increased by 2.3 percent on average. In Q4 2016 volume sales rose 3.1...
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Tax traffipax from NAV
In the spring the National Tax and Customs Administration (NAV) performed 120 previously announced on the spot inspections. This so-called tax traffipax programme resulted in more receipts being issued by...
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Parliament gives green light to tax package
The Hungarian parliament has given a green light to the 2018 tax package. The VAT on internet services reduces by 13 percentage points to 5 percent – this step will...
Read moreConsumer prices rose by 1.9 percent in June
Consumer prices were on average 1.9 percent higher in June than a year before. Compared to May, prices did not change – the Central Statistical Office (KSH) said on Tuesday....
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Őstermelőket ellenőrzött a nagybani piacokon a Nébih
Csaknem 4 tonna zöldség és gyümölcs értékesítését tiltotta meg a Nemzeti Élelmiszerlánc-biztonsági Hivatal (Nébih) 2017 tavaszán a nagybani piacokon végzett ellenőrzései során, amelynek keretében 135 őstermelőt ellenőrzött – közölte a...
Read moreFazekas Sándor: there is a great interest towards the Hungarian agricultural research results
There is a considerable interest towards Hungarian agricultural research abroad; Not only in the neighboring countries but also in Central Asia – for example towards the new Hungarian wheat varieties...
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Coffee may reduce the risk of death due to cardiovascular diseases
Coffee may reduce the risk of a series of illnesses, including cardiovascular disease, according to two recent studies, but their authors argue that the lifestyle associated with coffee may also...
Read moreThe Brexit brings food price increases to the British
One of the expected impacts of Brexit will be that most of the prices will rise in Great Britain thanks to the free flow of goods from EU countries –...
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Bread of the Hungarians: Wheat to be mixed in Nemeshany in August
The wheat will be mixed Nemeshany, Veszprém county in August for the Hungarians’ bread program. Raw materials will arrive from all counties and from beyond the borders – the Mayor...
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Micro chefs in the kitchen
Millions of microorganismscan be found in our environment. Many times we talk about them when they cause trouble, whether it is an influenza, a fever or a food poisoning. We...
Read moreRussian trade surplus rose by one-third in the first half of the year
A surplus of 59.1 billion USD was generated in Russia’s foreign trade balance in the first half of this year, which is 32.2 percent more than the 44.7 billion USD...
Read moreTwo thousand packs of untaxed cigarettes were seized in Hegyeshalom
About two thousand packs of untaxed cigarettes were found in a van, by the financie officers on the M1 highway near Hegyeshalom – the Customs and Excise Spokesman of the...
Read moreCleaning tanks in a product- and environmentally friendly fashion
Annak érdekében, hogy a termék biztonságosan, külső hatásoktól védve jusson el a vevőkig, a szállításnak épp akkora szerepe van, mint a hatékonyan megszervezett gyártásnak, a kifogástalan raktározásnak. A fuvarozás egyik...
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Warehousing: semi-automatic systems are spreading
According to a recent report, in Europe only 5 percent of warehouses are fully automated and 80 percent of them are operated without any kind of automated solution. Zoltán Péter,...
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