Market News
NGM: 30 thousand credit card acceptance terminals will be built by the enterprises from government support
This year, the number of debit card terminals will increase by 30 percent, due to the support program initiated by the Ministry of National Economy (NGM) – the ministry told...
Read moreMandatory nitrate reporting
Those farmers who live in nitrate polluted areas have to report detailed action program rules for the protection of waters against nitrate pollution between 1 January and 31 March. The...
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A growth in the euro zone’s merchandise trade surplus
The European Union’s statistical office, Eurostat calculated that in November 2016, the exports of goods of the euro zone to the rest of the world increased by 6 percent to...
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Serbian agricultural subsidies to expand
The Serbian government plans to spend 43.78 billion dinars instead of last year’s nearly 40 billion dinars. (1 dinar = 2,48 HUF) This is 8.11 percent of the budget- the...
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The EU is acting against the sales of dangerous products
The European Commission has tabled two legislative proposals to help businesses, and SMEs in particular, to sell their products within the European Union and to strengthen the controls of the...
Read moreThe food VAT cut is part of a process
The food VAT cut is part of a process that – depending on the performance of the economy – can continue in the future – Nagy István, the Minister of...
Read moreNutritional database on the Web
The nutritional database of distributed food products is not only available to professionals on the Ministry of Agriculture’s website, but it is available for the public. An important element of...
Read moreKSH: consumer prices increased by 0.4 percent last year
Consumer prices rose by an average 0.4 percent in 2016, compared to the previous year and in December were an average 1.8 percent higher than a year ago – the...
Read moreIpsos: the volume of domestic online purchases may expand by ten percent
In Hungary, the volume of online spending will increase by 10 percent in 2017, while the value of orders from foreign webshops is expected to increase by 19 percent –...
Read moreThe EU sold 76 percent more pork to China
According to the data of the European Commission, the European Union sold 26 percent more pork in the international market in the first ten months of 2016, compared to a...
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The NAK offers more services
The National Agricultural Chamber (NAK) intends to continue to expand their services this year, such as IT developments will help the economists in nutrient management and in pest management. The...
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GKI: recruitment issues in Hungary
The GKI Gazdaságkutató Zrt. economy researcher in its November representative (987 respondent companies) survey revealed what are those issues for a company that is not able to recruit the right...
Read moreCompanies with billion HUF revenues are deleted weekly
Although the vast majority of the deleted companies are micro-enterprises, we should not forget about the terminated large companies, that have a small number, but play more significant role in...
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Only the plastic card is the valid ID card
The primary producers need to replace their paper IDs with plastic cards. From January, the new cards will be valid only. The National Agricultural Chamber considers the replacement of the...
Read moreRetail sales in the USA increased less-than-expected
A less-than-expected increase occured in retail sales in December in the United States – according to the report of the U.S. Census Bureau released on Friday. In December, the seasonally...
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The price of eggs may increase because of the avian influenza
The domestic producers raise the price of eggs because of the bird flu since supply is becoming tighter in the market. Végh László, President of the Hungarian Laying Hen Hybrid...
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Fazekas Sándor: it is important to provide cheaper access to basic foods
It is important that the people to have cheaper access to basic food products as well as to buy more Hungarian products; This is high priority in the government’s taxation...
Read moreBusinesses are optimistic in 2017
The expectations of the companies are on historic peak. After the tax and contribution reduction plan the K&H SME confidence index reached its highest result of the past 12 years....
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The government decided to support the Széchenyi Card Program further
A decision was taken to further support certain constructions of the Széchenyi Card Program – according to the government’s decision published on Wednesday in the Official Gazette. The decision includes...
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Euro area’s business confidence is on a five and a half year high
BCI (Business Climate Indicator) increased with a considerable extent by 0.38 points, to 0.79 points, which is the highest value of the past five and a half years in the...
Read moreRetail sales grew further in the Czech Republic
Retail sales in the Czech Republic increased by 7.9 percent last November, compared to a year before. In October, the growth was 2.0 percent – the Czech Statistical Office announced...
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Low grape prices in wine regions
After this year’s grape harvest growers are complaining about low prices: in many wine regions grapes are purchased from growers at last year’s prices. For instance in the Sopron region...
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A record year in Hungarian foreign trade
The Hungarian foreign trade closed a record year in 2016 in all respects – Szijjártó Péter Foreign Economic Relations and Foreign Minister stressed. In response to the January-November 2016 foreign...
Read moreThe agricultural enterprises train their employees more and more consciously
The National Agricultural Chamber (NAK) and the Agricultural Research Institute (AKI) carried out the complex agricultural and food labor market survey of with the participation of one thousand businesses. According...
Read moreThe competitiveness of agriculture also depends on vocational training
The competitiveness of Hungarian agriculture depends mainly on the professional skills of the sector, the lack of professionals and the quality of education – emphasized the Minister of Agriculture on...
Read moreAnalysts: the growth of retail sales may accelerate further
Analysts told MTI that they expect a further increase in retail sales, due to the significant increase in real wages and employment growth. According to the first estimates of the...
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The domestic commercial real estate investments exceeded 1.7 billion euros last year
The volume of commercial real estate investment transactions amounted 270 million euros in the last quarter of 2016, so last year real estate purchases were implemented a value of more...
Read moreThe corporate world became more compact in 2016
46 thousand companies were founded and 26 thousand companies were deleted in 2016. In terms of the number of companies the company structure continues to shrink for the third year....
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The number of Hungarian ewes is reducing for four years
The number of Hungarian ewes is reducing. The trend is lasting since 2012, and during that time about sixty thousand ewes fell off the register – Kukovics Sándor, Managing Director...
Read moreDomestic commodities trading in Hungary can grow by nearly 4 percent in 2017
In 2017, the volume of domestic commodities trading can be 3.8 percent higher than last year’s data in a year-on-year comparision. With a 4.4 percent increase in imports, export growth...
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