Market News
The agricultural damages caused by migrants will be compensated partially
According to a government decision, the Ministry of Agriculture allocated 100 million HUF to mitigate the agricultural damages caused by the illegal immigrants in 2015 near Hungary's southern border. The...
Read moreCisco: In 2020, 70 percent of the world’s population will be mobile users
Smart mobile devices and connections[2] are projected to represent 72 percent of total mobile devices and connections by 2020—up from 36 percent in 2015. Smart devices are forecasted to generate...
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Oracle: the majority of companies are open to cloud services
Most of the companies think positively about cloud services, 92 percent of them like the cloud services because they accelerate innovation, 76 percent like the solution because of attracting new...
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Szupermenta revamped
The National Food Chain Safety Office (NÉBIH) strengthens its Szupermenta product testing programme further: the website is refurbished and a Szupermenta logo is introduced. In just one year NÉBIH’s experts...
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Magazine: Who needs coaching?
The first and simplest answer to the above question that comes to mind is: Everyone. As a matter of fact, I do think that coaching is a tool that makes...
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Hungary’s food retail is still in the forefront of Europe
Hungary continues to belong to Europe's leading food retail growth rankings. Hungary’s retail revenues increased by 5.5 percent during the fourth quarter, compared to the same period of the previous...
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Poultry meat prices decreased
Not only pork, but also the poultry meat prices decreased early this year, due to the declining demand – the origo.hu wrote. According to the report of the Agricultural Economics...
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Television advertising spendings in Hungary increased by three percent last year
The television advertising spendings in Hungary increased by about three percent and amounted to 51.581 billion HUF last year – was said at the press conference ofthe Hungarian Electronic Broadcasters...
Read moreFM: Russia is a major agricultural partner for Hungary
Russia is a key partner of Hungary in the field of agriculture and the food industry, despite the fact that the trade embargo makes the relationship between the two country...
Read moreThe number of dairy cattle is increasing
In the second half of 2015 the growth of the cattle population and the number of dairy cattle both increased significantly – Magyar Idők wrote. According to the report of...
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The assets of the Hungarians increased by four hundred thousand last year
At the end of 2015 the net financial wealth of the households was 32 409 billion HUF, according to the data of the National Bank of Hungary (MNB). This is...
Read moreThe OECD again worsened forecasts for global economic growth
Within three months, the OECD worsened the global economic growth prospects for the second time, on the “basis of the disappointing recent data.” The Organisation for Economic Co-operation and Development...
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Russian vodka exports fell
Russian vodka and spirits exports decreased to their lowest level in a decade – the origo.hu wrote. Referring to the Russian customs data the Russian Kommersant economic newspaper reported that...
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The robots are replacing human workforce
A respectable professor drew attention to a process that is endangering the of human society: 30 years later, every second job will be carried out byrobots – the mfor.hu wrote....
Read moreCroatian Chamber of Economy and NAK sign cooperation agreement
The Croatian Chamber of Economy and the Hungarian Chamber of Agriculture (NAK) have signed a cooperation agreement in Zagreb. One of the agreement’s most important objectives is to help farmers...
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Planned public funds authority is a problematic idea
According to László Zara, president of the National Association of Tax Advisors and Bookeeping Service Providers (MAKSZOE), the idea of establishing a new government authority to fight tax fraud and...
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Magazine: Migrants in the labour market: crisis or opportunity?
Last year more than 1.2 million people asked for asylum in the European Union, twice as many as in 2014. Many experts say that from an economic and labour market...
Read moreNo recovery is expected this year in the canned and frozen vegetables sector
This year, experts do not expect a rise in the cultivation of sweet corn, green peas and green beans that are mainly sold on export markets. The decrease is due...
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FruitVeB: the current weather does not cause major problems
The current weather – relatively warm and rainy – still does not cause major problems in the cultivation of vegetables or orchards – the Chairman of the Hungarian Fruit and...
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K&H: more people are optimistic about their financial situation
The assessment of the current financial situation, as well as the short and long-term financial security turned slightly positive. This is the main reason that K&H’s secure future index increased...
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Lending for growth programme helps many businesses
The Lending for Growth Programme (NHP) managed to stop the shrinking of the loan stock: thanks to the NHP about 31,000 small and medium-sized enterprises have been granted loans. According...
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MAZARS: even 50 percent tax duties may be imposed on the poorly organized prize winning actions
Domestic consumers can also meet with promotional discounts every minute that are offering complimentary gifts, guaranteed prize or lottery to participate. “The announcers of the promotions do not count with...
Read moreThe number of mini-breweries increasing rapidly in the Czech Republic
The number of mini-breweries increasing rapidly in the Czech Republic, their number increased by 56 since the beginning of 2015 and amounted to 302 now – said Jan Surán, chairman...
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Unverified Polish potatoes were found again
An entrepreneur in Újfehértó was caught once again, after unverified, Polish potatoes were found at the fruit and vegetable wholesaler again. The National Food safety Office and the National Tax...
Read moreIllegal tobacco cutting factory was found in Szabolcs county
Finance guards found an illegal tobacco cutting plant in Szabolcs-Szatmár-Bereg county – Magyar Norbert, press officer the National Tax and Customs Authority told MTI. Magyar Norbert said that the finance...
Read moreCutthroat competition on the Chinese smartphone market
Smartphone sales in China increased last year, while the ranking of the manufacturers has changed. Smartphone sales in the fourth quarter increased by 7.9 percent in China year on year...
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Prologis Announces Full Year 2015 Activity in Central & Eastern Europe
Prologis, Inc., the global leader in industrial real estate, today announced full-year 2015 activity in Central and Eastern Europe (CEE). Operating Performance The company leased 1.75 million square metres in...
Read moreNew rules for getting the small-scale farmer ID
The new government decree on small-scale farmer IDs entered into force on 1 January 2016. With the new system farmers’ administrative burden will reduce and a ‘whitening’ process is expected...
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Magazine: More room outside?
These days when going to a grocery store or ordering a burger in a fast food restaurant we very often experience the lack of quality labour force or simply the...
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