Events
Bankmonitor: The savings of the Hungarians are below the Western European average
On average, Hungarians have savings of 2.1 million HUF per capita. This amount is significantly below the Western European average of 23.9 million HUF and significantly lower than the Central...
Read moreThe majority of SMEs do not plan any staff increase
Only around one in six domestic SMEs plans new recruitment of workers, while the majority of businesses expect stagnation in the number of the staff. Thus, spectacular growth in employment...
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160-180 billion forint investment is necessary in the fruit-vegetable sector
In the next 6-8 years Hungary needs to invest HUF 160-180 billion in fruit and vegetable growing and processing if it wants to make products competitive in the market. FruitVeb...
Read moreThe GKI expects accelerating consumption and stagnation in investment
According to the forecast of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), the growth was exceptionally fast temporarily in 2014: 3.6 percent. However the Hungarian economy was not able...
Read moreNGM: the demand supports the strengthening of foreign trade
Behind the upturn in foreign trade the strengthening of external and domestic demand can be both observed – the Ministry of National Economy (NGM) commented to the report of the...
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KSH: the trade surplus continued to rise in February
In February, exports in euros increased by 6.0, while imports rose by by 6.1 percent compared with the previous year. The trade balance surplus increased by 41 million euros to...
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Five Central and Eastern European countries call for joint action against VAT fraud
Five Central and Eastern European countries call for joint action against VAT fraud, among other things, to extend reverse VAT – Varga Mihály, Minister of National Economy (NGM) told MTI....
Read moreThe tobacconists already took the folies down several places
Several tobacconists took the folies down from the tobacco shop windows after the murder in Kaposvár. The shop owners usually covers the tobacco products with a shutter – the M1...
Read moreThirty Million HUF worth smuggled cigarettes were found near Szatmárcseke
The National Tax and Customs Administration (NAV) found thirty Million HUF worth smuggled cigarettes near Szatmárcseke. The finance guards detected a suspicious boat on the Tisza river and a vehicle...
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Manufacturer brands bettered their position
Razor and epilator sales exceeded HUF 800 million last year, but value sales reduced by 8 percent – while volume sales were stable. Drugstores were responsible for the majority of...
Read moreCBRE: dynamic growth on the commercial property market
Last year11.4 million square meters of shopping centers were built in the world. This is 800 thousand square meters more than in 2013. Twenty percent of the new shopping centers...
Read moreThe government raised its GDP forecast for 2015 to 3.1 percent
The government raised the expected economic growth forecast to 3.1 percent from 2.5 percent – Banai Péter Benő, Minister of State of the Ministry of National Economy (NGM) told M1...
Read moreHungarian-Russian negotiations on food security in Budapest
Bognár Lajos, Deputy Minister of State of the Ministry of Agriculture (FM), and Alexei Alekszejenko, deputy leader of the the Russian Federation’s Federal Veterinary and Phytosanitary Supervision (Rosszelhoznadzor) were discussing...
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The Hungarian television advertising market is expecting a single-digit growth this year
The Chairman of the Hungarian Electronic Broadcasters Association (MEME) predicted a “correct, but single-digit” growth for the Hungarian television advertising market this year. Kovács Krisztián stated that they do not...
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The fisheries management operational program aims to increase fish consumption
The Hungarian Fisheries Management Operational Program is soon to be completed. The program aims to double the current domestic fish consumption of about 5 kilogrammes per capita – Viski József,...
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Rising cocoa prices on the world market
Cocoa prices rebounded strongly despite another set of data signalling a drop in demand for beans this time from Asia, where the grind fell even further than in Europe...
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Hungarian trading houses were opened in Namibia and Zambia
The Head of Communications of the Hungarian National Trading House Plc. (MNKH) informed MTI on Friday that the government opened two Hungarian trading houses on Thursday in accordance with the...
Read moreGMO corn seed was found in a consignment in Kecskemét
GMOs (genetically modified organisms) contaminated maize seed was found in a shipment, ordered by a Kecskemét-based company. The National Food Chain Safety Authority (Nébih) seized the shipment worth 10 million...
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Magazine: Tens of billions in promotional revenue – but how much comes from extra sales?
In Hungary from the sales of certain high-turnover categories more than 50 percent is realised in promotion. Do promotions generate extra sales or do manufacturers destroy value with the many...
Read moreThe owners of small shops will benefit from Sunday store closure
The mandatory Sunday rest day will provide new jobs in trade. The regulation brought a positive turn to small shops – the Napi Gazdaság wrote in its Wednesday edition. Pichler...
Read moreThe majority of the domestic consumers are open for online food shopping
One in six Hungarian consumers have purchased food products available in online retail, which were shipped to home. Apart from them, more than half of the Hungarian consumers are prepared...
Read moreMore pigs than before
Thanks to the swine strategy, the domestic pig population started to grow. The goal is to double the number of animals by the end of the decade – the Minister...
Read moreThe government do not averse to change the law on tobacco shops
The government is ready to initiate changes to the tobacco shop law, if it is found that there is a causal link between the dark folies on the tobacco shop...
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The domestic game meat processing capacity should be increased
The domestic game meat processing capacity should be increased, because a part of the exported Hungarian venison is exported abroad unprocessed, however they could be sold as ready meat too...
Read moreSome pesticides are killing pollinating insects with much more intensity than pests
Some pesticides are killing pollinating insects with much more intensity than pests – according to the European Academies Science Advisory Council, (EASAC). The Hungarian Academy of Sciences (MTA) also represented...
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Less apple crop is expected in Szabolcs county
In the country's largest apple-growing region, Szabolcs county many people did not carry out the necessary technological operations, so apple crop may reduce. Takács Ferenc, President of the North-East Hungarian...
Read moreThe Romanian Prime Minister threatens the department store chains with a special tax
Victor Ponta Romanian Prime Minister threatened the department store chains in Romania with a special tax, if it is proved that they try to take advantage of the reduction of...
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Improving exchange rates in foreign trade, but domestic capital is still in waiting
According to a forecast by GKI Economic Research, despite that the Hungarian GDP grew rather rapidly at 3.5 percent last year, a slowing down commenced already in the 3rd quarter...
Read moreSunday store closure has been extended to World Heritage sites
The government is extending the ban on Sunday working in trade to World Heritage sites in its bill submitted to the National Assembly on Tuesday. Vámos György, the General Secretary...
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The fruit and vegetable sector closed a good year in 2014
The fruit and vegetable sector closed a good year last year, mainly due to favorable weather conditions; the volume of production totaled 2.97 million tons – Ledó Ferenc the president...
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