News and articles

Despite losing speed a little, Hungarian retail sales grew the fastest in the region

The slowdown of the European economy had its effect felt in Hungary too: in the last quarter of 2019 retail sales grew 2.1 percent slower in Europe and 2.7 percent...

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Hungarians feel they are better off financially than before

In Hungary 46 percent of consumers feel they have more money to spend than they had 5 years ago. This proportion is considerably higher than the 37-percent European average –...

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A wide range of government programmes

In 2018 the Hungarian economy grew by 4.9 percent, which was most likely the second fastest growth rate in the European Union, behind Poland. However, economic growth is expected to...

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Hungary imported less and exported more egg

According to the latest market report of the Agricultural Economics Research Institute (AKI), data from the European Commission reveals that the European Union’s egg product import in 2018 grew by...

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Magazine: Ten main trends: What are consumers like in 2019?

Alison Angus, head of lifestyles research and Gina Westbrook, director of lifestyles have prepared the 71-page Euromonitor International ‘Top 10 Global Consumer Trends for 2019’ study. In this they identified...

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Analysts: investments and consumption increase import growth

The decisive role of investments and consumption in the country’s economic growth, together with its significant import content, led to a more rapid increase of imports, compared to exports in...

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GKI: online retail sales increased by 17 percent last year

Domestic online retail sales increased by 17 percent compared to last year, reaching a net 425 billion HUF – according to the survey of GKI Digital and Árukereső. 3.2 million...

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Happy Week to promote water consumption

The series of Happy Week events for primary school students and preschoolers will be held again this year, to promote water consumption – the National Institute for Pharmacy and Food...

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Poultry and pig breeders receive more animal welfare support

The Ministry of Agriculture once again raised animal welfare support for poultry and pig breeders after the 2018 entitlements. The 14.3 billion forints amount reached 2.5 times of the level...

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Hungary does not support the taxation of home- made pálinka cooking

The Hungarian government still does not support the taxation of home-made pálinka cooking, and therefore seeks to achieve at the EU to allow the tax exemption of pálinka cooking for...

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Retail loans have made a record

The year started very powerful in the retail credit market, which was expanding dynamically last year – piacesprofit.hu wrote. In January, banks lent personal loans and home loans in a...

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The 2019 Grand Prix Award for Value and Quality was announced

The 2019 Grand Prix Award for Value and Quality was announced. One can apply until 24 may from the entire Carpathian region in more than 100 topics from 39 main...

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NAK: one can apply for next year’s agricultural subsidies from 8 April

Farmers are expected to submit their applications for agri-subsidies for next year from 8 April – Magyar Nemzet Online wrote on the basis of the summary of the National Agricultural...

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Global corporate sentiment has fallen to several years nadir, according to Fidelity International

According to the Fidelity International’s annual analyst survey, corporate sentiment index has fallen to the levels of 2016. The corporate sentiment index is made on the basis of corporate confidence,...

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Inflation accelerates in Romania

In February, inflation continuead to accelerate in Romania, with 3.83 percent annual inflation after the 3.32 percent in January – the Romanian National Statistical Institute announced on Tuesday. Compared to...

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The tourist season begins with the long weekend in Fraknó and Kismarton

The Esterházy Private Foundation informed MTI on Tuesday that the cultural and tourist season begins in the Castles of Fraknó (Forchtenstein) and Kismarton (Eisenstadt) on 15 March. Visitors are welcome...

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Magazine: The battle of rabbits is about to begin

While Easter chocolate figure sales grew by 25 percent from 2016 to 2017, in the Easter period of 2018 a sales decline was measured. We learned from Kitti Végh, brand...

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(HU) Melyek voltak 2018 legsikeresebb promóciói?

Sorry, this entry is only available in HU....

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Analysts: February inflation outperformed expectations

The rise in consumer prices in February surpassed expectations, core inflation and tax-filtered core inflation was well above the 3 percent central bank target. As a result, the Monetary Council...

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Imports increased at the beginning of the year

In January, the value of exports in euro rose by 6.4 percent and imports by 9.7 percent, compared to the same period of the previous year. The foreign trade surplus...

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Business Development Conference in Somogy

Economic experts will held lectures for economic operators on the increase of business income and get to know the current trends – the current regional Business Development Conference organized for...

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The world’s most expensive wine is from Hungary

How much is too much to pay for a bottle of wine? A newly-released 40,000 USD bottle of a 2008-vintage wine now ranks among the most expensive wines in the...

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The Tesco Group establishes a new service center in Hungary

A new business and technology service center is set up by Tesco Group in Hungary, creating 800 new jobs – the Minister of Foreign Affairs said on Monday in Budapest....

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SPAR donated 2700 tons of products

The store chain has been providing a unique donation program for animal parks and shelters and wildlife parks in Hungary for eight years – Origo wrote after the communication of...

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The competitiveness of SMEs have improved

The capacity expansion tenders have significantly improved the competitiveness of the small and medium-sized enterprises, but training and innovation developments were more efficient at larger companies – Világgazdaság Online wrote....

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MNB: food prices have increased consumer prices

The rise in food prices increased inflation in February – the head of department of the National Bank of Hungary (MNB) confirmed it to M1 news channel on Monday. Várhegyi...

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The use of IT solutions in agriculture is a major improvement in efficiency

The application of IT solutions brings tangible improvement in efficiency in most areas of agriculture – piacesprofit.hu quotes the experts from the Meetup of Codecool Programming School. At the Meetup...

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