Events
Analysts: September inflation is lower than expected
The September consumer price index has become lower than the market expectations, but the increase in core inflation reflects the growing domestic demand, but mostly the growth of the excise...
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FM: the Visegrád and the Baltic countries have stood up for the preservation of EU agricultural subsidies
The Visegrád and Baltic countries jointly agreed to maintain a strong, two pillar common agricultural policy (CAP) on Monday in Luxembourg at the Agriculture and Fisheries Council meeting – the...
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The Vasi wild pear pálinka was given origin protection
The Vasi wild pear pálinka has become an origin protected product, within the Origin Protection Program – the Minister of Agriculture announced at the press conference in Budapest in the...
Read moreThe IMF improved Hungary’s GDP growth forecast for this year and for the next year
The International Monetary Fund has improved Hungary’s GDP growth forecast for this year and next year in its autumn global economic forecast. According to the World Economic Outlook, October 2017...
Read moreDisadvantaged regions can become the engine of developing economies
Disadvantaged regions can become the engine of developing economies. These regions have significant growth potential in food production and other related industries, according to a recent summary of the Food...
Read moreThe giant pumpkin record may be over 900 kilograms
A man from Utah who has loved giant pumpkins since childhood is trying to set a state record for the second time with a nearly 907-kilogram gourd he’s been tending...
Read moreKSH: inflation slowed down in September
In September, consumer prices were on average 2.5 percent higher than last year, after the 2.6 percent of the previous month. Compared to August, prices increased by an average of...
Read moreThe Disznótoros Sausage Festival to be held in Budapest for the fourth time
For the fourth time, the Disznótoros Sausage Festival will be held in Budapest in the Hungarian Railway History Park, where, besides family programs and folklore programs, a sausage fair and...
Read moreThree million HUF worth cigarettes were found in a converted car at Beregsurány
About three million forint worth cigarettes were found in a car converted into a smuggler vehicle by the finance officers of the National Tax and Customs Administration (NAV) at the...
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The meat imports expanded by 84 percent
Mostly due to the bird flu the export of Hungarian poultry meat decreased by more than 16 percent in the first seven months of the year. Meanwhile, meat imports expanded...
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KSH: imports in exports increased even more in August
In August, exports in euros were 10.3 percent, imports 13.0 percent more than in the previous year. The trade surplus was 440 million euros, 119 million euros less than in...
Read moreAnalysts: the increase in imports reflects the rise in domestic demand
The 13 percent increase in imports in August reflects the rise in domestic demand, while exports increased by 10.3 percent in line with the August increase of industrial output, according...
Read moreTrade with China can be doubled
By the end of the decade, the volume of trade between the Central and Eastern European region and China could reach 100 billion USD, which is almost twice the value...
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More than half of the Hungarian households are unable to save
Less than half of Hungarian households can save some minimal amount of money and most of them are afraid of unexpected living situations. Young Hungarians are mainly collecting for their...
Read moreSeveral jobs may be terminated within ten years
As a result of digitalisation, more than a dozen jobs may be lost over the next ten years due to technological development. This will mostly affect factory workers, carriers and...
Read moreFree wifi access points to come all over Europe
The European Union will fund the establishment of at least 6,000 free wireless internet access points across the bloc by 2020 under a scheme called WiFi4EU, the European Council said...
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(HU) GKI: A munkanélküliség csökkenése ellenére nem tűnt el a félelem
Sorry, this entry is only available in HU....
Read moreThe Russians expect record grain production
According to Russian President Vladimir Putin, in Russia, this year, about 130 million tonnes of record crops are expected – origo.hu wrote. Russian Prime Minister Vladimir Putin evaluated the grain...
Read moreIrrigation alleviates the risks of extreme weather
The importance of irrigation was discussed by the Minister of Agriculture at Kisújszállás on the occasion of the Tisza Valley Conference on Saturday. Fazekas Sándor said that irrigation has a...
Read moreNGM: Hungary to protect ekáer
The government is doing its best to defend the domestic electronic road traffic control system (ekáer) that is recognized by the European Court of Auditors as well. The electronic road...
Read moreIn trade with Russia, the EU lost 30 billion euros due to the sanctions
In trade with Russia, the European Union lost 30 billion euros due to the sanctions against Russia until 2017, according to a study published on Friday by the Austrian Economic...
Read moreEXPO REAL: Budapest is one of the most exciting destinations on the East Central European investment map
Budapest and Hungary became the most attractive destination of the region and one of the most popular destinations of international real estate developments and investments. The Hungarian capital was showcased...
Read moreGrowth in retail sales in the Czech Republic accelerated in August
In August, the annual growth in retail sales increased by 4.8 percent from the 4.6 percent of July, the Czech Statistical Office announced on Friday. The number of working days...
Read moreThere has been a significant increase in global air freight and passenger traffic
The global air freight and passenger traffic increased significantly in the eighth month of the year compared to the previous year, according to the latest data of the International Air...
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The euro area PMI has grown
The September value of the composite purchasing manager index in the euro area indicates sustainable economic growth – the London-based IHS Markit Economics Research Institute revealed on Wednesday. The final...
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Magazine: Wieners and frankfurters
Pork’s price grew considerably in 2017, but despite this trend most market players don’t think that wiener and frankfurter prices will increase much in the end-of-year peak season. Zsuzsa Takácsné Rácz,...
Read moreBest FMCG Employers Excellence Awards presented
On 28 September PwC Hungary and Trade magazine presented the Best FMCG Employers Excellence Awards for the first time, as part of the programme of the Business Days conference –...
Read moreAnalysts: retail sales may increase with 4-5 percent this year
Retail sales may increase by 4-5 percent this year, and macroeconomic analysts interviewed by MTI claim that similar results are expected next year. According to the report of the Central...
Read moreThe Pénzügykutató Zrt. expects a growth of around 3.8 percent this year and for 2018
After last year’s weakening, the Hungarian economy has accelerated. This year and next year, the growth is expected to be around 3.8 percent, according to the latest forecast of the...
Read moreThe Szuro-Trade Ltd. develops a renewable energy system for crop drying
The renewable energy system for crop drying is being developed from more than 1.34 billion HUF by the Szuro-Trade Ltd largely through tender support – the Nyíregyháza-based company – dealing...
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