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KSH: The trade surplus in 2021 was 1.897 billion euros
In 2021, the value of Hungarian exports in euros was 13.6 percent, and imports 18.2 percent higher than in the previous year, the export surplus melted to 1.897 billion euros...
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Retail sales are expected to expand more strongly from February
Household consumption is set in the crossfire of rising incomes and high inflation in the first half of this year, according to the latest data data. According to a report...
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Irrigation of two thousand hectares will be provided by the next phase of the Homokhátság Water Replacement Project
The conditions for the irrigation of two thousand hectares will be created by the next phase of the Homokhátság water replenishment project, for which the government provided 1.8 billion HUF,...
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Magyar Bankholding: loan and deposit portfolio in the agricultural sector grew above average last year
Last year, slightly above the national average, the loan portfolio of enterprises related to agriculture and the food industry grew by 11 percent in Hungary, and in the member banks...
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What about the small gas stations after the gas price stop?
It is difficult to decide what is worse: the 600 HUF petrol price prevailing in neighbouring Slovakia, or the fact that many petrol stations at the border are forced to...
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Moody’s and Fitch have withdrawn their investment grade sovereign ratings from Russia
Two international credit rating agencies, Moody’s Investors Service and Fitch Ratings, withdrew Russia’s investment-recommended sovereign rating on Thursday. Moody’s has downgraded Russia’s long-term foreign currency and foreign currency debt rating...
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Unemployment rate in the eurozone fell in January
In January 2022, the euro area seasonally-adjusted unemployment rate was 6.8%, down from 7.0% in December 2021 and from 8.3% in January 2021. The EU unemployment rate was 6.2% in...
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Mihály Varga: The government is working to mitigate the effects of the war
The government is working to protect economic operators and the Hungarian people from the effects of the war in the neighbourhood, Minister of Finance Mihály Varga said on Thursday at...
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The most Hungarian brand
Lately, trademarks have been playing an increasingly important role in the consumer perception of packaged foods and have also started to affect buying decisions more frequently. On the ‘digital shelves’...
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AM: Heves County has a vibrant economic life and development opportunities
Heves County is a forward-looking example by the fact that food processing plants have made more than HUF 22 billion in development needs for the implementation of their complex developments,...
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Here’s the latest Borsodi Szitu: made purely with barley malt
The history of Borsodi Brewery has reached a new chapter. From March this year, the company will renew the recipe for one of Hungary’s favorite beers and brew Borsodi beer...
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NAK: the agricultural economy should be considered a partner in climate protection
It is a common task that the agricultural economy should not be a scapegoat in the fight against climate change, but a sector that all segments of society regard as...
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Agrotax: land prices continue to rise
The price increase on the Hungarian agricultural land market continued in 2021, Agrotax Kft. told MTI on Thursday. The average market price of agricultural land was HUF 1,969 million per...
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Nobody wants to own Sberbank
The National Bank of Hungary (MNB) has made significant efforts in recent days to find a long-term solution, notably the sale of the Hungarian Sberbank, which has not been successful,...
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AM: model park forest planted in Ács
With the plantation of 20,000 native saplings, a new park forest was born in Ács. The afforestation implemented with the support of the Rural Development Programme as part of the...
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The plenary session of the Hungarian-Serbian Joint Economic Committee also reflected on the war
Mr. Szijjártó held his press conference together with Serbian Economy Minister Andjelka Atanaskovic, as the plenary session of the Hungarian-Serbian Joint Economic Committee is taking place in Budapest on Wednesday...
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Analysts: after last year’s surprisingly strong GDP growth outlooks are increasingly uncertain
After the surprisingly good full-year and fourth-quarter performance of the Hungarian economy last year, analysts told MTI that the outlook for this year was increasingly uncertain due to the Russian-Ukrainian...
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KSH: The Hungarian economy grew by more than seven percent in the last quarter of last year
In the fourth quarter of last year, the volume of gross domestic product increased by 7.1 percent, compared to the same period of the previous year. Services contributed by 4.6...
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AM: The Ministry of Agriculture provides 1.5 billion HUF to compensate storm damage
The storm of 30 January 2022 caused significant damages to agriculture, mainly to farmers engaged in sprouted vegetable production. One and a half billion can compensate for storm damage at...
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Eurozone inflation hit another record high in February
The annual inflation rate in the euro area rose to a new record 5.8 percent in February 2022 from 5.1 percent in January, exceeding the 5.4 percent market expectation based...
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We spend as much time in front of the telly as before, but we watch more commercials
In 2021 Hungarians spent 4 hours and 54 minutes in front of the television on average, which was just 1 minute less than in the previous year – reveals the...
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Agricultural Academy Forum on Precision Farming
An agricultural academy forum entitled The Future, or Precision Farming in Practice, was held on Wednesday by the Hungarian University of Agricultural and Life Sciences (MATE) and the Hungarian Agriculture...
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The safety of a company may depend on the preparedness of its employees
Our email account is a much more serious threat than we thought. According to a recent study conducted by HeimdalTM Security in Denmark, almost three-quarters of malicious actions come through...
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A coupon fundraiser is launched to help refugees in Ukraine
From 2 to 18 March, 250 HUF donation coupons are available in Tesco stores to support the Ecumenical Relief Organization’s humanitarian aid program in Ukraine. As a strategic partner, the...
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Live collaborations and clever hashtags can bring success
While the latest figures from January 2022 show that more than 4.6 billion people have social media profiles – nearly 60% of the world’s population – there is growing potential...
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More than half of Hungarian municipalities no longer have pharmacies
Our health depends on access to medical care. But it also depends on the ability of the prescribed prescriptions to be redeemed by the patient. Therefore, GKI Economic Research Zrt....
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Magazine: Customers becoming more and more proficient at skin care
Since the outbreak of the pandemic, more time is spent with at-home skin care, which in turn yielded positive sales results in the face care market. Consumers have grown really...
Read moreKSH: Investments increased by 4.2 percent in 2021
In the fourth quarter of last year, the volume of investments increased by 0.2 percent compared to the same period of the previous year, decreasing by 1.6 percent compared to...
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ITM: food price stop – Most stores abides the food price stop without error
Only 85 cases have been challenged by consumer protection professionals who have been investigating food price compliance since 1 February, the Ministry of Innovation and Technology (ITM) told MTI on...
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Only 85 cases have been challenged by consumer protection professionals who have been investigating food price compliance since 1 February, the Ministry of Innovation and Technology (ITM) told MTI on...
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ITM Secretary of State: More than 42,000 people have already been reached through labor support for businesses
More than 42,000 people have already been reached in the workforce support program, and almost 23 billion HUF in support has been paid for their employment, the state secretary of...
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