Market News
Workforce shortage problem solved
As the problem of workforce shortage seems to be solved soon, the euro area may become stronger. At the end of last year the level of unemployment was the lowest,...
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Portugal to levy sugar tax on soft drinks
The Portuguese government expects to raise EUR 80 million for public health from introducing a sugar tax on soft drinks from 1 February 2017. The new tax would apply to...
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Lidl to provide services from Slovenia
Lidl plans to open an international services centre in Slovenia. The centre will specialise in administrative services. It will take about two years to complete the project and Lidl will...
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Everplast starts manufacturing recycled polyethylene foil
As a result of a HUF 440-million development project, Csömör-based Everplast Waste Recycling Zrt. has started manufacturing UV ray resistant foil in Sümeg – from the project’s budget HUF 220...
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Candy manufacturers expect similar or slightly higher turnover at Easter, compared to last year
The Hungarian Confectionery Manufacturers Association, in addition to an increase in the share of high-quality products expect a similar, or slightly higher Easter traffic than in last year – Sánta...
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VAT cut can double fish consumption
The Ministry of Agriculture has recently taken the initiative to reduce the VAT on fish to 5 percent. They hope to whiten the sector and fish consumption will be doubled...
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FruitVeB: the producers harvest 420-440 thousand tons of vegetables from glass houses annually
The farmers harvest 420-440 thousand tons of vegetables from glass houses annually from 2500-2600 hectares area – Ledó Ferenc said. Ledó Ferenc, Chairman of the Hungarian Fruit and Vegetable Interprofessional...
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The Nébih seized six and a half tons of smoked goods
About 6.5 tons of smoked goods were seized by the experts of the National Food Chain Safety Office (NÉBIH) in a unit of a meat store in Budapest. Due to...
Read moreAnalysts: lower than expected February retail sales
February retail sales figures were lower not only than the market consensus, but even the most pessimistic market analysts told MTI on Tuesday. They stressed that the low growth is...
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Meat Industrialists: the meat sector’s performance increased by 4.5 percent
Due mainly to the above the average growth of the poultry sector, the meat sector’s performance increased by 4.5 percent last year, surpassing the average growth of the industry and...
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Randstad: companies where the Hungarians would willing to work
The Randstad Employer Brand awards were handed over tonight. The Randstad Employer Brand awards are based on the world’s largest independent employers’ brand research. There were no big surprises for...
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The Growth Loan Program has been completed
The contract period of the third, leading out phase of the Growth Loan Program (NHP) ended on 31 March. Within the third phase of the Growth Loan Program (NHP), since...
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The construction of the citric acid factory may begin at the end of the year
Szabó István deputy mayor of Szolnok informed MTI on Wednesday that the Ministry of National Economy approved the documents needed for the construction past weekend. So the construction works of...
Read moreRetail sales rose in Romania
In the first two months of this year, the Romanian retail sales volume rose 5.4 percent, compared to the same period last year – the Romanian National Statistical Institute announced...
Read moreKSH: retail sales increased by 1 percent in February
The volume of turnover in retail stores, according to the raw data increased by 1.0 percent, while calendar effect adjusted increased by 1.2 percent in February, compared to the same...
Read moreNGM: retail expansion indicates public trust
Retail sales expanded moderately in February, which have been steadily increasing for 44 months – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news...
Read moreThe Kopint-Tárki is expecting a 3.7 percent economic growth
The Kopint-Tárki Konjunktúrakutató Intézet Zrt. increased its forecast for this year’s GDP growth from 3.2 percent to 3.7 percent. The business climate research institute expects a 3.2 percent economic growth...
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Kósa: there will not be a 9 percent tax on advertising in 2018
Next year there will not be a 9 percent tax on advertising – Kósa Lajos, Fidesz faction leader said at a press conference in Budapest on Tuesday. The politician said...
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FM: bio-ethanol factories are becoming more involved in the development of the cereals sector
The biofuel production companies have an increasing role in the larger-scale consumption of grain grown in Hungary – the Parliamentary Minister of State of the Ministry of Agriculture (FM) stressed...
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This year’s Wild Garlic Festival in Orfű is taking place in line with the Easter spirit
The Wild Garlic Festival will be held for the fourteenth time in Orfű near Pécs in the second weekend of April – the organizers told MTI. According to your communication...
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EU and the euro area retail sales increased in February
The seasonally adjusted volume of retail trade rose by 0.7 percent in both the euro area and the whole European Union (EU28) in February compared to the first month of...
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Nielsen: nearly 30 billion HUF was swabbed last year
In the past twelve months, between March 2016 and February 2017, Hungarians spent almost 30 billion HUF on cleaning agents – the Nielsen Retail Index reveals. General cleaners are in...
Read moreE-commerce is booming all across Europe
In Europe, the quarter of Internet users buy something every week in the online space, while among the Hungarians, the ratio is 18 percent – the Masterindex European e-commerce and...
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“Mandatory fetter”: how severe the burden of mandatory wage increase is?
The February business survey of the GKI Gazdaságkutató Zrt. economic researcher examined the business impact of the minimum wage increase. It is important to point out that the survey (companies...
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KSH: the growth of foreign trade turnover accelerated in January
In January this year, the value of exports in euros increased by 14.0 percent, while value of import increased by 15.2 percent after December’s 7.6 and 9.3 percent. The trade...
Read moreHNT: wine-installation support requests changed from 1 April
In line with the EU rules, the size of the wine vineyards can be increased in Hungary, since last year. The new installation license application can be submitted to the...
Read moreThe gap between the richest and poorest EU regions is twenty-fold
There were huge differences between the in per capita gross domestic product of the 276 regions of the EU Member States in 2015 – according to data of the European...
Read moreThe NAV seized nearly 32 thousand packs of cigarettes
The financial investigators of the National Tax and Customs Office (NAV) seized almost 32 thousand packs of cigarettes hidden among frozen french fries in Pest County – the NAV told...
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Austrians are prepared for the international export competition
Austria is the 14th richest country in the world as regards per capita GDP. It is the 29th biggest export economy and the 10th most complex economy in the world...
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