Market News
PMI: the euro zone is growing slower than expected
According to the PMI indicators of the Markit Economics Institute for Economic Research in London, the euro zone is growing slower than expected. In June, the euro zone’s manufacturing purchasing...
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More and more card payments
MasterCard’s experience is that Hungarian retailers and shoppers are open to using innovative technologies. Together with Shoprent, the company did an e-commerce survey with 260 online shops in February 2016....
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Contactless payment is spreading
According to a Deloitte forecast, VR technology will reach the annual USD 1-billion turnover in 2016 – from this USD 700 million is hardware sales and the rest is content...
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Another two billion forints for the academy’s new agricultural innovation centre
The government gives another HUF 2 billion for building the new agricultural innovation centre in Martonvásár. With the new building of the Agricultural Research Centre of the Hungarian Academy of...
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IT security service to be launched
Quadron Kft. is about to launch a 24-hour, 7-days-a-week IT security service – announced managing director Harold Teasdale at a Budapest press conference. Companies that wish to use the service...
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Magazine: Fruit flavours closed in a jar
The fruits Hungarians grow in their gardens for themselves (or buy in the marketplace) create a stable market for home preserving supplies. According to Eszter Varga, trade marketing and category...
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The NAK does not support the reduction in milk production
The European Commission may take a decision in July over milk production limits. From the step, the European Commission expects to mitigate the dairy market turmoil. This means that the...
Read moreSavings Bank: next year Hungary's GDP may expand by 3.3 percent
After the temporary slowdown of this year (2.1 percent economic growth), the economy may grow by 3.3 percent next year – according to the Hungarian Savings Bank’s quarterly forecast. According...
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The new office of the MNKH was handed over in Slovakia
The new office of the Central European trade promotion network of the Hungarian National Trading House (MNKH) was opened on Wednesday in Ipolyság. Czimbalmosné Molnár Éva, Hungary’s Ambassador in Pozsony...
Read moreOnly 20 percent of the product fee is spent on waste management
The budget of the past five years clearly shows that that only 20 percent of the product fee is spent on waste management and the rest covers other expenses –...
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Drones with commercial aim to come
The Federal Aviation Administration issued the first operational rules to govern the commercial use of drones on Tuesday. The 600-plus pages of new regulations require drone operators to pass a...
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Paralympics 2016: sports equipment of tired outfits in the WestEnd
The members of the Hungarian Paralympic team were handed over the sport tools on Wednesday that was purchased from more than 1 million HUF within the “Wardrobe Updates” initiative. The...
Read moreSouth China's dog meat festival whipped up the passions once again
China’s Yulin local government has distanced itself from a controversial dog meat festival in southern China after years of activism unleashed a groundswell of public opposition to the event. Huge...
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Together for consumers
Together for Consumers is a one-of-a-kind initiative even at European level. Since its start in 2014, 28 food companies and organisations have joined this public health programme. Participants have made...
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World Star award for the world’s first aseptic carton bottle
In Budapest Tetra Pak was presented the World Packaging Organisation’s (WPO) prestigious World Star award for Tetra Evero Aseptic, the world’s first aseptic carton bottle. Tetra Evero Aseptic combines the...
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Rondo invest more in their Soroksár factory
Rondo Corrugated Board Kft. invest more than HUF 700 million in their Soroksár production facility this year. The factory is being modernised in several stages and the latest development is...
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Mineral water bottling plant built in Csákvár
Spiller Kft. built a new mineral water bottling plant from HUF 1.2 billion in Csákvár. Part of this sum, HUF 480 million came from EU financing schemes. The project has...
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Magazine: Self-service at the checkout
According to a BBC survey conducted in the autumn of 2015, shop assistants ranked 51st on a list of 366 jobs most likely to be replaced with robots. Scientists say...
Read moreThirty million tankards more beer will be consumed this year
A sharp increase occured in beer consumption in Hungary since the start of the European Football Championship. The domestic brewing association expects a 3 percent increase on the beer market,...
Read moreThe Hungarian sellers are the most delighted when working
Hungarian salespersons and service industry workers are the most delighted when working among the Europeans, followed by Poland and Lithuania on second and third place – according to a new...
Read moreHungary GMO-free status is constantly monitored
GMO-free controls are continuous in Hungary. In recent years, GMO-contaminated seeds and crops were destroyed on 6,500 hectares – the Minister of Agriculture told M1 news channel on Tuesday. Fazekas...
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KSH: net earnings rose 8.0 percent in April
The average monthly gross earnings in April were 6.4 percent higher than a year before, while net wages – due to the reduction in the tax rate – rose by...
Read moreConsumption arising from wage growth will boost the economy
Analysts interviewed by MTI expect a 5.4 to 6 percent gross wage growth for 2016. The analysts believe that consumption may be the main engine of economic growth in the...
Read moreThe termination of the ministerial background institutions may cause confusion
The government risks the flowing payment of the EU agricultural funds with the termination of ministerial background institutions and the termination of the Agriculture and Rural Development Office – mno.hu...
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Business sentiment improved significantly in the euro zone
Business sentiment improved much stronger-than-expected in Germany and in the eurozone in June – according to the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute. The ZEW said on...
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White mold can cause heavy losses
This year's rainy and relatively warm summer creates very favorable conditions for Sclerotinia sclerotiorum, the so called white mold infectio that causing serious losses to the sunflower and canola growers...
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Pécs power plant buys agricultural by-products
Pannonpower, a member of the Veolia Energy Hungary group, plans to purchase 200,000 tons of agricultural by-product for its Pécs biomass power plant this year. Farmers in the region can...
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New perspectives in the sheep and goat sector
According to György Czerván, secretary of state at the Ministry of Agriculture, the sheep and goat segment could play a more important role in Hungary’s agri-food sector than it does...
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Alföldi Tej exports to Lagos
Hungarian dairy company Alföldi Tej Kft. signed a milk export agreement with Lagos-seated firm Greenlands Agribusiness Consult Limited. In Q1 2016 the Hungarian company exports 21,000 litres of 2.8-percent fat...
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Magazine: NAK wants joint market protection
In 2015 the Hungarian food industry’s performance improved by approximately 5 percent. However, this growth is mainly the result of the 10-percent export expansion, while due to the many cheap...
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