Market News
NGM: the strengthening of non-food retail trade shows the confidence of the population
The 7.7 percent increase in non-food retail trade reflects a steady increase in public confidence, as it shows that people are buying more and more durable consumer goods – Pomázi...
Read moreFazekas: the pig sector is a strategic area of agriculture
The pig sector is a strategic area of the Hungarian agriculture, which is also indicated by the fact that the sector’s support increased from the 6 billion HUF of 2010...
Read moreThe European Commission has proposed a comprehensive reform in the EU VAT system
The European Commission has presented the most comprehensive plans of the past twenty-five years for EU VAT rules on Wednesday. The plan would reduce the possibility of VAT fraud and...
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The euro area’s retail sales fell unexpectedly in August
Instead of expected growth, the retail turnover of the euro area declined in August, according to a report by the European Union’s statistical office, published on Wednesday. Compared to the...
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Groupama: Young people say that 22 million HUF savings should be enough for a calm old age
Young people between the ages of 18 and 29 expect to retire at the age of 66 and spend an average 18 years as retirees. They estimate that savings of...
Read moreFuture belongs to triticale
The man-bred grain, the triticale, combines the qualities of wheat and rye – agrarszektor.hu wrote. The crop can be grown in economically in poorer soil quality areas and has high...
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Dynamic directions
Media planning and buying specialist New Land Media Kft. – a member of the Lounge group – has been present in the Hungarian market since 2013. The company formed a consortium with...
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60 percent of the Hungarian mushrooms are exported
The most significant cultivated mushroom species in Hungary are csiperke and laska. The mushrooms are very healthy, but the mushroom consumption per person is very low in Hungary, 1-1.5 kilograms...
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70 businesses can expand their capacity from 13.5 billion forints
In order to strengthen its competitiveness and productivity, 70 micro, small and medium-sized enterprises won 13.5 billion HUF support under the Economic Development and Innovation Operational Program (Ginop). Through the...
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Workania: Wages have risen the most in the worst paid sectors
Wage growth this year occured in the worst-paid sectors, compared to the past years, but salaries are still far behind the wages in the top industries – the online survey...
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One of the key elements of plant production is plant species experimental activity
One of the key elements of crop production is plant species experimental activity, as the biological basic is the safety of cultivation for agriculture and forestry – the Minister of...
Read moreIllegal cigarette factory operators were accused
The Metropolitan Public Prosecution has filed charges against people who operated a cigarette factory – Ibolya Tibor Attorney General told MTI. According to his report, the eight men are accused...
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Waste oil collected in Romania
Carrefour Romania has started collecting waste oil from customers, in order to reduce the chain’s ecological footprint. Shoppers can take back 1-4kg of filtered waste oil in transparent bottles. In...
Read moreAutomatic offices are more efficient
One third office tasks could be automated but this proportion is still less than 5 percent in Hungary – revealed a survey by xFLOWer that was done with the participation...
Read moreBrutal drought caused 100 billion HUF damages to the corn
This year’s summer heat caused up to 100 billion HUF damages to the corn producers – agrarszektor.hu wrote. According to the harvest results so far, yield is more than 2...
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KSH: import was growing faster than export in July
In July, the value of exports in euros was 5.0, while the value of import was 11.3 percent higher than one year before. Export surplus was 348 million euros, 410...
Read moreThis year, the autumn wheat varieties were tested by VSZT and GOSZ
The seed experiment work of the Seed Association Interprofessional Organization and Product Council (VSZT) and the National Association of Grain Producers (GOSZ) has been closed in 2017. Farmers have summarized...
Read moreThe seasonally adjusted value of the Purchasing Manager Index (PMI) for September is 59.3.
Compared to the previous September, this year’s value exceeds the long-term September average (52.3) and the average of the last three years (54.3) as well. Most of the sub-indices examined...
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Baker Association: the Hungarian Food Book should be developed
A growth in consumer awareness and the further development of the Hungarian Food Book is needed – the Baker Association said after negotiations with the Ministry of Agriculture (FM), the...
Read moreHuge competition support can be used by the domestic “gazelle” companies
By 19 October 2017, the Rapidly Growing Businesses (Gazelle) will be able to apply for a first call for applications for the Complex Development of Domestic Companies. The bet is...
Read moreThe NAV found 11,000 packs of cigarettes hidden on a train
The dogs of the National Tax and Customs Office (NAV) found 11,000 packs of cigarettes on an express train from Kiev – the NAV told MTI on Monday. The dogs...
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The majority check whether the food is Hungarian
The vast majority of the respondents prefer Hungarian food rather than foreign products – the survey of the Research and Marketing Institute of the Budapest University of Economics (BGE) reveals....
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EU Directive confronts banks with new challenges
The first Payment Services Directive (PSD) introduced the SEPA bank transfer standard that is currently valid throughout Europe in 2009. The second to open up the banking market is now...
Read moreThe yield of corn and sunflower is smaller this year in Békés county
Due to the droughty summer, yields of both crops are lower than usual – the Békés County Harvest Coordination Committee determined at its meeting. Adamcsik László, a member of the...
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ALDI Hungary joins UN programme
ALDI Hungary is the first retail chain from the country to join the United Nations Global Compact (UNGC) initiative, the world’s biggest sustainable and responsible corporate management programme. The ALDI SOUTH...
Read moreQuality meat dishes for children in need
Hungarian Product Grand Prize winner Mar-Ne-Váll Kft. donated 2,000 portions of meat dishes to the children who regularly participate in the trainings of the Hungarian Maltese Charity’s sport club. The chicken breast...
Read moreTwenty-one new OMV petrol stations
Since early last year more than 20 new OMV petrol stations opened in Hungary. Since August 8 former Avanti filling stations have transformed into OMV units. At the moment the OMV chain...
Read moreTesco: another salary raise
In mid-August Tesco announced the third phase of this year’s salary increase programme: from 1 September almost every full-time store and logistics centre worker will earn a gross HUF 11,000...
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