Market News
A tender was announced to support non-agricultural activities in the rural development program
A tender was announced to support the launch of non-agricultural activities in the rural development program. The amount of support is 13.85 billion HUF – the Prime Minister's Office told...
Read moreFavorable yield may compensate livestock farmers
In 2016, all the yield of the plants significantly outperformed the average of the past five years – the presidency spokesman for the National Association of Agricultural Economics (NAK) told....
Read moreGerman business sentiment deteriorated
The ifo Economic Research Institute’s German business sentiment index for August has declined. The German companies have become clearly pessimistic about their business situation and outlook. According to the institute's...
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Reclaimable innovation contribution
According to a report by MAZARS, micro- and small enterprises probably paid millions of forints worth of innovation contributions unnecessarily in 2016 – informed Heléna Csizmadia, the company’s tax director....
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Magazine: A visit to the store of the future
Our magazine set up its Future Store stand for the fifth time at the Sirha Budapest trade show between 9 and 11 May 2016. On 400m² a wide range of...
Read moreFazekas Sándor: the national debate on food marketing program to start
The national food marketing program designates the way of food production in Hungary in long-terms. The program’s debate will start soon – Fazekas Sándor Minister of Agriculture told M1 news...
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NÉBIH: the EU resolution on unfair commercial practices is important
A significant step was taken to protect food producers and processors – the National Food Chain Safety Office (NÉBIH) evaluated the European Parliament’s resolution on unfair trade practices. According to...
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MNB: credit information service for small and medium enterprises to be launched
The National Bank of Hungary (MNB) and the BIS Central Credit Information Office will launch the small and medium enterprise credit information service in the near future. With the help...
Read moreA significant increase in sales of Swiss watches in the UK
Due to the lower exchange rate of the pound, a significant increase in sales of Swiss watches occured in the United Kingdom. Swiss watch exports to the UK rose by...
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Youth employment declining again
After three years of improvement youth employment in the world is deteriorating again this year, mainly due to a longer than expected recession that hit the commodity exporting emerging countries,...
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FM: one and a half million hectares of ragweed infected area was detected
According to Monday's data one and a half million hectares of ragweed infected area was detected so far, and the authority had to take action on 1,500 hectares. The amount...
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Seafood from waters near Fukushima was smuggled to China for two years
Customs inspectors in Qingdao have arrested a group of people for smuggling, saying they brought potentially radiation-tainted seafood from Fukushima, Japan into China, state television reported on Monday. As much...
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Growing popularity of employee stock ownership programmes
Deloitte asked 177 large companies in 24 countries about how they motivate employees for the third time. Beáta Horváthné Szabó, director of Deloitte Zrt.’s tax department told that the results...
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Magazine: Crowds of visitors and many exhibitors at Sirha Budapest
Sirha Budapest, held between 9 and 11 May, was a huge success, having attracted more than 20,000 trade visitors and 400 exhibitors from 19 countries to the HUNGEXPO Budapest Fair...
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Industrial apple processing started in Szabolcs
Industrial apple processing started with a low purchase price in the Szabolcs-Szatmár-Bereg county juice factories, but for eating apples even 40 percent more is paid by purchasers, compared to last...
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Nielsen: one in three TV users also watch programs on Internet
Every third Hungarian television consumer over age four watches programs on Internet as well, while domestic television contents 16 percent. Hungary's most popular programs on the net are sports (35...
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Budapest Airport builds a new logistics center for DHL
The Budapest Airport, operator of the Liszt Ferenc International Airport builds a new, approximately 13 thousand square meter logistics center. The building will be used by DHL Express. The Budapest...
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EU's share in Russia foreign trade has decreased
The European Union’s share decreased by more than 2 percentage points from the foreign trade turnover of Russia in the first half of this year, compared to the same period...
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Chamber of Agriculture: more than fifty tender writers have registered so far to the consultancy network
Up to date, more than fifty tender writers have registered to the online system of the National Agricultural Chamber (NAK). Süle Katalin, spokeswoman for the of the National Agricultural Chamber...
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Illegal meat processing plant was found in Békés County
An illegal meat processing plant was found in Békés county by the inspection group of the National Tax and Customs Office (NAV). The company’s main activity was the wholesale of...
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Euro Zone’s economic performance continued to improve in August
The economic performance in the euro zone has become slightly better-than-expected in August – according to the Purchasing Managers' Index of the Markit Economic Research Institute. The preliminary value of...
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Shoppers like small shops
A survey by Bain & Company found that European consumers like small shops more than super- or hypermarkets. The study involved 30 directors from leading FMCG companies. They reckon hypermarkets’...
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The globalisation of retail trade
A study prepared by the Consumer Goods Forum and Planet Retail claims that retail chains are expanding at a breakneck speed. The 100 biggest chains are present in more countries...
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Producers vs. retail chains
In June the European Parliament adopted Polish MEP Edward Czesak’s report on unfair trading practices in the food supply chain. The main goal of the report is the protection of...
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Magazine: Slowly going greener
The EU waste hierarchy is more and more prevalent in Hungary too, therefore prevention, reuse and recycling are all given more emphasis. According to Anita Simon, director of Biofilter Environmental...
Read moreGKI’s prosperity index returned to this year's low point in August
In August – after a significant rise in July – GKI’s prosperity index decreased significantly (to -3.9 points), thereby returning to this year's low point. According to a survey by...
Read moreWe can run out of pears
Due to the spring frost and the summer ice damages, demand can be larger than supply in case of pears in Hungary. Csizmadia György, Vice President of the Hungarian Fruit...
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A further increase in wages is expected by analysts
A further increase in wages is expected by analysts interviewed by MTI, who foresee that household consumption will be the driving force of economic growth. According to data published on...
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