Market News
Magazine: MagyarBrands: innovation from brands and in how they are evaluated
The MagyarBrands programme has been rewarding high-quality, Hungary-related brands for 7 years. Since 2016 in three categories: consumer brands, business brands and innovative brands. Brands can apply for participation but...
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The AsiaCenter is expanding with thousands of square meters
The retail space in the AsiaCenter shopping mall is expanding with more than 4,000 square meters in the 15th District of Budapest – magyaridok.hu wrote. The new stores will be...
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FM: The Philippine market was opened for three Hungarian meat factories
The Philippine market was opened for three Hungarian meat factories. Emmanuel Pinol, Minister of Agriculture of the Philippines handed the certificate of their individual accreditation over to Fazekas Sándor Minister...
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In cooperation for the strenghtening of the Hungarian wine-growing sector
Two significant public bodies in Hungary are making their relationship closer: the National Chamber of Agriculture (NAK) and the National Council of Mountain Villages (HNT) have signed a strategic cooperation...
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Expanding export opportunities in Europe for Hungarian companies
The new representation of the Central European Trade Development Network of the Hungarian National Chamber of Commerce (MNKH) was opened on Tuesday in Kismarton (Eisenstadt), Austria. The network is operating...
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79 billion HUF for children’s meals next year
In next year’s budget, more than 79 billion HUF will be spent on children’s meals, which is three times more than in 2010 – the Minister of State of the...
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Nébih: a week was left to submit the inspection fee
The participants of the food chain have to submit their inspection fee return by 31 May – the National Food Chain Security Agency (NÉBIH) told. The supervisory fee shall be...
Read moreGfK: consumer sentiment is on a 16 year peak in Germany
German consumers were in their best mood for almost 16 years heading into June, a survey showed on Wednesday, adding to expectations that private consumption will again drive growth in...
Read moreInvestor interest towards Czech and Slovak commercial real estates is great
Last year, investor interest towards Czech and Slovak commercial real estates grew significantly, and this year’s Q1 did not disappoint as well. According to a statement released on Monday by...
Read moreKSH: retail sales accelerated
According to raw data, retail sales grew by 3.3 percent, calendar effects adjusted – mainly due to Easter – increased by 5.4 percent in March, compared to the same period...
Read moreThe revenue of the store sellers increased by 20 percent, but the number of employees did not increase
The shopkeepers raised wages over the year by one-fifth, the, but there was no increase in staff numbers – blokkk.com wrote. In the first quarter of 2017, 361,000 people was...
Read moreRSM: additional contribution reduction is needed to increase competitiveness
Compared to the Visegrád countries, the domestic companies are still at a disadvantage due to the tax and contribution burden on employment. A further reduction would be needed – RSM...
Read moreFM: The strategic goal is to support agricultural machinery production
The strategic objective is to support agricultural machinery production, as it has significant potential in its development. Therefore, the Irinyi plan deals with a special strategy within the priority areas...
Read moreThe highest VAT is in Hungary in the region
All countries in the Central and Eastern European region focus on traffic and consumption taxes. While VAT is the highest in Hungary, but at the same time the corporate income...
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The giants of the beauty industry
A total of 182 beauty companies and brands are part of those seven corporate brands that dominate the beauty industry around the world – penzcentrum.hu wrote. This seven mega companies...
Read moreIVSZ is committed to the development of the digital economy
The annual meeting of the Informatics, Telecommunication and Electronic Enterprise Association (IVSZ) – which was held on Tuesday in Budapest – designated the development of the digital economy, the change...
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About 30 percent less strawberries will be produced this year in Hungary
In Hungary this year, about 30 percent less strawberries will be produced due to frost damage – the National Chamber of Agriculture (NAK) told MTI on Friday. According to the...
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Magazine: Pálinka, my love…
According to Dr Gedeon Totth, head of the Institute of Commerce and Marketing at Corvinus University of Budapest, the popularity of real pálinkas is growing among members of Generation X....
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NGM: real wage growth continues
The real wages are rising for 51 months in Hungary and this process continues, Cseresnyés Péter, Minister of State of the the Ministry of National Economy (NGM) told M1 channel...
Read moreGKI: the prosperity index is on its three-year peak in May
Its relatively modest increase in May led GKI’s prosperity index to a three-year peak. The increase is mainly due to service companies whose optimism pulled our prosperity index to a...
Read moreHungary should become the logistics service center of the region
Hungary needs to become the logistic service center of the region, so the government wants to improve the competitiveness of the carriers, and also wants to help the sector by...
Read moreThe decisions on agricultural subsidies will be born in the summer
The decisions on agricultural applications for agricultural subsidies will born in the summer period, and new applications are also planned to be opened – the Minister of State of the...
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Innovation is needed in the seed sector
Szijjártó Péter, Minister of Foreign Affairs emphasized the importance of innovation in the field of sustainable agricultural production, reducing the effects of global challenges and climate change at the World...
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Entrepreneurs may get more support in the future
Entrepreneurs who are able to provide jobs for themselves and also for others are the Government’s most important allies, the Minister heading the Prime Minister’s Office said on Friday in...
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Zalaegerszeg test track will be unique
In Zalaegerszeg on Friday, at the foundation-stone ceremony for an automotive industry test track designed for the testing of both conventional and autonomous cars, Prime Minister Viktor Orbán said that...
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KSH: Growth in earnings continued to accelerate in March
Average earnings in March were 12.8 percent higher than a year before. Calculating without public employees the growth is 12.2 percent – the Central Statistical Office (KSH) told on Friday....
Read moreFM: Several supports to help the farmers who suffered damages
Farmers who have suffered damages will be assisted by several supports developed by the Ministry of Agriculture (FM) – the ministry told on Friday. The Ministry of Agriculture (FM) recalled...
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Research for food safety
Reducing food-related illnesses and deepening the knowledge of the population’s food chain security is the goal of the EU research project that was launched with the participation of the National...
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The whitening of the economy would bring hundreds of billions of revenues
Hundreds of billions of extra tax revenue can still be gained by the further whitening of the economy – Domokos László President of the State Audit Office told Magyar Idők....
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Agricultural Chamber: The new smart card facilitates administration
The new Smart Card on the Agricultural Chamber contains a lot of information that will make administration easier and faster – Süle Katalin, spokesperson of the National Chamber of Agriculture...
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