News and articles
One-third of the EU’s trade was concluded with the USA and China in 2016
The European Union concluded one-third of its trade with the USA and China in 2016. Hungary’s largest trade partner remains Germany – Eurostat reveals in its report published on Wednesday....
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Margarine brands getting stronger
Margarine manufacturers are still struggling to change the negative general opinion about the category. Although product ingredients have been modernised in the last few years and many positive characteristics of...
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There isn’t enough rapeseed oil in Europe
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of...
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Optimistic islanders
In the United Kingdom, the political and economic uncertainty after the Brexit vote didn’t have an influence on consumers’ mood in Q4 2016, because real wages were rising all year...
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Magazine: Growing market share for low fat cottage cheese
Although cottage cheese isn’t a real seasonal product, sales rise in December when people cook and bake more. Private label products are strong and the importance of discount supermarkets is...
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Hajdú parenica cheese wins Product of the Year 2017
In early 2015 Kőröstej’s Hajdú parenica product range renewed in both packaging and content. The 190g parenica got a new look and an XL size, and a 105g mini version...
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Based on facts only!
I think if one does something, they should do it well or at least give their best. Most of the time it takes just as much time to do something...
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Whitening the milk market
A couple of weeks ago a new data providing regulation entered into force, the goal of which is to whiten the milk production and distribution sector. It has been a...
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FM: the spring seasonal food chain control has started
The spring seasonal food chain control has started. The country-wide monitoring takes place between March 20 and April 17 – the Ministry of Agriculture (FM) told MTI on Tuesday. The...
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The turnover of the Rossmann Magyarország Kft. grew twelve percent last year
The Rossmann Magyarország Kft. had a gross turnover of 68 billion HUF in 2016, 11.73 percent higher than a year before. The Hungarian network gives roughly 2.6 percent of the...
Read moreThe Agricultural Chamber Act may be amended
The National Assembly’s Agriculture Committee – with the majority vote of the MPs, with one abstention – scheduled the bill on the amendment of the Agricultural Chamber Act. For thr...
Read moreThis year’s tobacco producing and sales contracts were concluded
The two major acquiring companies have already concluded 99 percent of this year’s product sales contracts with the tobacco producers. Minimum number of contracts are expected for Burley tobacco varieties...
Read moreThe large companies expect higher revenues but lower profits for this year
Following the upturn in domestic trade the large companies in Hungary expect higher revenues but lower profits this year – the research of the K&H Enterprise Growth Index showed. The...
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Hungarian meat exports to be launched to the Philippines
After lengthy negotiations, three Hungarian companies received authorization to begin the export of Hungarian meat to the Philippines – Szijjártó Péter Foreign Economic Relations and Foreign Minister announced on Tuesday...
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All EU proposals will be announced by the end of the week
Until 2020, the country will receive approximately 9 thousand billion HUF from EU funds, while roughly three thousand billion HUF will be from the state budget – Bánki Erik (Fidesz),...
Read moreThe Slovak stores will be closed on all public holidays
The Slovak legislature on Tuesday in Bratislava approved the amendments to the Labor Code, which extends the store closure on public holidays. The amendment tabled by the ruling coalition take...
Read moreLondon remains the world’s leading financial center
According to the latest investor survey London is still the world’s top financial services center, but only because the outcome of the US presidential election caused as much damage to...
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Hungary is taking part in a project aimed at the development of innovative home care products and services
Hungary is taking part in a Hoca (development of innovative home care products and services) project. The program is implemented with the support of the European Union’s European Regional Development...
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New CEO at LeasePlan Hungária
One of the leading fleet management company in Hungary, the LeasePlan Hungária Zrt. has a new CEO from 1 April 2017. The new CEO will be Pesti Tímea, the former...
Read moreRising food prices in the world market
Once again the FAO food price index grew in February – for the seventh month in a row – and the increase was mainly driven by rising wheat and corn...
Read moreBudapest Bank remains a Tesco partner
Tesco Hungary signed another 3-year partnership agreement with Budapest Bank. In the last 6 years Budapest Bank provided consumption loans and bank account services to several hundred thousand Tesco customers...
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Wine trader buys Márton and Daughters
Wine trader Veritas and Péter Bárány, former sales director at Rézangyal Kft. purchased 50 percent of premium pálinka brand Márton and Daughters. János Márton continues to distil the pálinkas, but...
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Henkel’s record year
In the 2016 fiscal year Henkel realised record sales revenue of EUR 18.714 billion. Sales exceeded the level of 2015 by 3.5 percent. Adjusted for currency fluctuations, sales revenue increased...
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This year Garfield brings mysteries to SPAR stores
The theme of SPAR’s 8th Garfield sticker collecting album will be the world’s unsolved mysteries, outer space and the mystical side of nature. On 65 pages 200 stickers will have...
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Nielsen: The market continues to grow
Fruit juice retail sales were up 8 percent in value and the size of the market exceeded HUF 52 billion between February 2016 and January 2017. In the same period...
Read moreThe sales of the Hungarian breweries increased by 2.5 percent last year
Last year, the sales of the Hungarian breweries increased by 2.5 percent. Mainly the exports pulled the sales. According to the beer market indicators published by the Association of Hungarian...
Read more(HU) GKI: 2,5 éves csúcsára jutott a konjunktúraindex márciusban
The GKI sentiment index is increasing for the fifth consecutive month in March. There were no significant changes, but the index reached its peak of the past 2.5 years –...
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SPAR renewed communication
The SPAR Magyarország has launched a new image campaign with the new “Quality. I Love It” slogan from 23 March. The campaign emphasizes the core values of the business chain....
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NGM: the growth in household incomes is faster than growth in retail
The strengthening of Hungary is indicated by the increase in household income that exceeds the growth of retail. The data indicates that the propensity to save of the households remains...
Read moreThe Csíki Sör and Heineken agreed on the use of the Csíki Sör brand name
The Csíki Sör Manufaktúra beer manufactory and the Heineken Romania agreed on the use of the Csíki Sör brand name – the Csíki Sör Manufaktúra published on its community site....
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