Market News

The wine can be a great financial investment

The wine can be a great financial investment, often has better returns than gold or other investment opportunities. In addition, this year’s vintage promises to be very good, so it...

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KSH released the average housing expenditure data

The monthly per capita consumption of households last year amounted to an average of 74 608 HUF – according to the data of the Central Statistical Office (KSH) – penzcentrum.hu...

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The European Investment Fund supports the Hungarian agricultural SMEs with 160 million euros

The European Investment Fund has signed a cooperation agreement with the European Investment Fund (EIF) and the Agicultural Credit Guarantee Foundation (AVHGA) in order to encourage the borrowing mood of...

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Chamber of Agriculture: the agricultural chambers of the V4 countries do not support the CETA

The Agricultural Chambers of the Visegrád Four (V4) countries do not support the free trade agreement between the European Union (EU) and Canada (CETA). In case of the TTIP (Transatlantic...

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The PMI is increasing for nine-months

The seasonally adjusted volume of the Purchasing Managers' Index (PME) was 57 points in September – Origo wrote. According to the analysis of the Hungarian Association of Logistics, Purchasing and...

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Chamber of Agriculture: 190 thousand new types of primary producers’ pass will be handed over before the end of September

The National Association of Agricultural Economics (NAK) issued 190 thousand new primary producers’ pass for the farmers who claimed it by the end of July – the public body told...

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EY: the total value of corporate acquisitions increased in the first half of the year

The total value of corporate acquisitions in Hungary in the first half of 2016 was close to 0.9 billion USD, which is an increase of 9 percent, compared to the...

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New CEO for 4iG

As of 20 July 2016 4iG Nyrt.’s CEO is Viktor Sagyibó. Former president-CEO Dr Gábor Felső stays in the presidential chair of 4iG. Mr Sagyibó has worked for multinational companies...

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I would pay using my fingerprints

According to Visa’s latest survey, European consumers are open to the idea of using biometric technology when making payments – even more so if further security measures will accompany it....

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Shoppers are looking for large-size products

OTC drugs (those that can be bought without a prescription), medicinal products and dietary supplements are very popular among consumers. In this product category shoppers are typically looking for large-size...

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Technology using firms are optimistic

54 percent of Hungarian SMEs use cloud services in Hungary, which is a big step forward from the 40-percent ratio of 2014 – revealed the Ipsos Mori survey, commissioned by...

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GDP grew by more than three percent last year

Last year, the GDP was 33 999.0 billion HUF. Calculated at constant prices GDP increased by 3.1 percent compared to the previous year, while the deficit of the governmental sector...

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The renewal of the food industry begins soon

The support scheme, which provides investment opportunity mainly to domestic companies for the renewal of the food industry begins soon – the Vice President of the National Assembly, President of...

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Researchers' Night: the NÉBIH also welcomes visitors

The National Public Health and Medical Officer Service (Public Health Service) awaits the visitors with lab visits, experiments and educational lectures on Friday in Budapest, at the Researchers' Night. The...

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KSH: trade surplus was 668 million euros in July

The euro-denominated value of exports declined by 5.4 and imports decreased by 6.4 percent in July compared with a year before. The trade surplus increased by 31 million euros to...

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Adverse German retail sales

In the first eight months of this year retail sales grew by 2.2 percent in real terms, in annual comparison in Germany. The Federal Statistical Office (Destatis) reported on Friday...

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The Prime Minister's Office suspends the tender for the modernization of grain storages, dryers

The Prime Minister's Office suspends the tender for the modernization of grain storages, dryers and cleaners, due to too much claims – the Prime Minister's Office told MTI on Thursday....

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The authority found more than five tons of counterfeit pesticides

The inspectors National Food Chain Safety Office (NÉBIH) found and seized more than 2,600 kilograms of fake pesticides throughout the country. The National Food Chain Safety Office (NÉBIH) also ordered...

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Tobacco smugglers were caught by the Spanish authorities

The largest amount so far, 108 tons of contraband tobacco was found by the Spanish gendarmerie and the officials of the tax authorities in Valencia and Badajoz – authorities reported...

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Cosmetics without dangerous ingredients

In the last two years the market of paraben-free products has been expanding slowly but steady, in terms of both value and volume. This is the result of more conscious...

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‘Diabetic’ indication can’t be used any more

As of 20 July 2016 the ‘diabetic’ indication isn’t allowed to be used on food products in the European Union. The new regulation only makes it possible for manufacturers to...

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More and more lactose-free products, lower prices

Experts say there are about 3 million lactose-sensitive people living in Hungary and every tenth child is affected by this problem. No wonder that demand for lactose-free products has been...

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Stricter tracking rules

In October 2015 the Ministry of Agriculture and GS1 Hungary signed a cooperation agreement on establishing the National Food Tracking Platform. The platform’s objective is to help enterprises in their...

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KSH: 7.9 million tons of cereals grown this year

This year, 5.1 percent more, a total of 7.9 million tons of cereals grown, compared to last year, on a 0.4 percent less area – the Central Statistical Office (KSH)...

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The Chamber of Agriculture does not support the transfer of EU funds

The National Association of Agricultural Economics (NAK) does not support the transfer of EU agricultural funds – the public body told MTI on Wednesday. According to the information, the NAK...

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The growing area of leguminous plants has increased

The growing area of leguminous plants has increased significantly in recent years in Hungary, but continues to provide only a small part of domestic arable crop production. The Ministry of...

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Rural Development Agency: farmers will receive a higher amount of advances this year

This year, the Hungarian farmers will receive a higher amount of advances this year from the EU agricultural supports in the rest of the year – the president of the...

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The national trading house launches further trainings for businesses preparing to enter foreign markets

The Hungarian National Trading House (MNKH) Ltd. is organizing the “export academy” for the ninth time. Companies can apply to the training until 10 October – the company told MTI...

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Economic sentiment in the euro zone and in the EU improved in September

Economic sentiment in the euro zone and in the European Union improved as well in September. According to the report, issued by the European Union Economic and Financial Affairs (ECFIN)...

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The NAV foun an illegal cigarette factory in Budapest

The finance officers of the National Tax and Customs Authority (NAV) unveiled another cigarette factory of an international criminal organization with the help of the Bulgarian authorities and Europol. Tóth...

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