News and articles
GKI: slowing growth, accelerating consumption
In the first quarter, only the Greek growth was worse than the Hungarian growth. Due to the worse than expected data the GKI modified this year’s growth forecast from 2.3...
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FruitVeB: 25-30 percent less fruit yield due to frost damage
Approximately 25-30 percent less fruit yield is expected this year in Hungary due to frost damages – the President of the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) told MTI....
Read moreKSH: the volume of investments decreased in the first quarter
The volume of investments decreased by 9.6 percent in the first quarter of this year, compared to a year before. According to the seasonally adjusted volume indices, compared with the...
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63 billion HUF to strengthen the dairy sector
The Hungarian government will spend 63 billion HUF for the strengthening of the Hungarian dairy sector. This is the highest ever amount. In addition, the government will increase, the framework...
Read moreMKIK: business confidence increased slightly in Hungary
According to the April-economic analysis of the MKIK Economic and Enterprise Research Institute (GVI), the business confidence rose slightly in the first quarter in Hungary compared to the previous quarter....
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Italian Festival for the second time
The Italian Festival 2016 will start in Budapest and in other Hungarian cities on May 27. The events are supported and organized by the Italian Foreign Trade Institute ICE in...
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The CO-OP Hitel Zrt. closed last year with 32.4 million HUF result
Last year, the CO-OP Hitel Zrt. reached 4.1 billion HUF principal amount and also reached a net profit of 32.4 million HUF – the company told MTI on Monday after...
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A shop museum opened its doors in Gyula
The exhibition space called Museum Store for “Cap Sugar” was opened in Gyula. The exhibition showcasing the history of trade is the third museum shop of the 50-year-old Hungarian Museum...
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Nébih: the State Fish Guard Service imposed fines of 4 million HUF in one year
The State Fish Guard Service during its one year operation revealed 230 infringements and has imposed fines of 4 million HUF – the National Food Chain Safety Office (NÉBIH) told...
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Amway: New momentum for direct sales
Direct sales in recent years, has become a key industry not only globally, but also in Hungary: in Hungary, nearly half a million people connect as customers or distributors to...
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The EU would improve the quality of life of city dwellers in the European Union
European Union ministers meeting in Amsterdam have endorsed a “Pact of Amsterdam” aimed at improving living conditions in towns and cities throughout the EU28. With 70 percent of the EU's...
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Changes in what consumers expect from shops
According to the latest Nielsen Shopper Trends study on consumption habits, when people decide which grocery store to visit, the number one factor that influences them is that shopping is...
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Grocery retail back on track
Retail volume sales improved by 6.5 percent from the base period level in February 2016; adjusted for calendar effects, the sales growth was 6.4 percent. Food and food-type retail sales...
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0.2 percent lower consumer prices in March
In March consumer prices dropped 0.2 percent according to the Central Statistical Office (KSH). In comparison with March 2015, food prices augmented by 0.7 percent. Seasonal product prices elevated by...
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Magazine: Still mineral waters take the lead
Levente Balogh, president of the Central European Mineral Water Holding (CEMW) that both of their companies – Szentkirályi Mineral Water Kft. and Kékkúti Mineral Water Kft. – performed exceptionally well...
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Nielsen: a sales increase in domestic food stores
The value of Hungarian food retail sales increased by 4.6 percent during the first quarter, compared to the first three months of last year. It is the third largest increase...
Read moreCoface: internal consumption is the engine of economic growth in Hungary
In Hungary, the engine of economic growth will be primarily internal consumption, mainly due to the decline in unemployment, the increase in disposable income – according to the fresh analysis...
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A new era in the life of Várda-Drink
The Várda-Drink group that was founded in Kisvárda in 1922 is a key player in the Hungarian spirits market. The company occurs in the market this year with a new...
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The Russians are preparing for the extension of the food embargo
Russian Prime Minister Dmitry Medvedev has given orders for the Russian food embargo to be extended not by one year, but until the end of 2017. “Our producers have said...
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The world's first aseptic carton the Tetra Evero Aseptic won a Worldstar award
Tetra Pak has won a WorldStar Award for its Tetra Evero Aseptic package, the world’s first aseptic carton bottle for ambient milk. The international award from the World Packaging Organisation...
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The 1st Motorcycle Wine Route Rally will start on June 3
The participant of the 1st Motorcycle Wine Route Rally will start their engines on June 3 at 8 am on Friday in the Kincsem Park. The Motorcycle Wine Route Rally,...
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The 20th Agri Expo in Pápa opened its doors
At the three-day event about 130 exhibitors, including food producers, viticulturist will introduce their products. Csepreghy Nándor, Parliamentary Minister of State of the Prime Minister's Office in his opening speech...
Read moreA hundred kinds of beer at this year’s Beer Festival in Békéscsaba
A hundred kinds of beer can be tasted between 14 and 18 June at the 16th Beer Festival in Békéscsaba. The festival includes great music programs including Wellhello, Halott Pénz,...
Read moreExperimental grape varieties perform well
The experimental grape varieties of the Vine and Wine Sciences (BRC) of the University of Pécs are performing well: Three out of the four plants are resistant to major fungal...
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Mercury-polluted swordfish steak was withdrawn from circulation
A mercury-polluted swordfish steak was withdrawn from the market – the National Food Chain Safety Office (Nébih) told MTI . According to the communication, the one-kilo packaged frozen product is...
Read moreUS consumers' mood improved
The University of Michigan Final Consumer Sentiment for May came in at 94.7, it's highest reading in nearly a year and a 5.7 point increase from the 89.0 April Final...
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A South African company buys Scitec Nutrition
Polish Enterprise Fund VII (PEF VII), a private equity fund managed by Enterprise Investors, together with its minority co-investors have signed an agreement to sell a 100 percent stake in...
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Foil from recycled raw material
Csömör-seated Everplast Waste Recycling Zrt. will start manufacturing UV-stable foil from recycled raw material in its Sümeg factory. The European Union finances the development with HUF 220 million. At the...
Read moreNGM: retail sales are increasing for 33 months
Domestic retail sales continues to rise for 33 months – Marczinkó Zoltán, Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel on Wednesday, in...
Read moreRural Development Office: more than 175 thousand single applications have arrived
Until the May 23 deadline, the producers submitted 175 355 applications for about 5 million hectares to the Agriculture and Rural Development Office (MVH); about the same amount as in...
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