Market News

Mass cuttings due to the African swine fever in Lithuania

Mass cuttings were ordered in Lithuania to fight against the African swine fever. The sickness that is dangerous for pigs was detected on a farm in north east Lithuania part...

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Magazine: NAK says sensible subsidy policy is needed

The Hungarian Chamber of Agriculture (NAK) asks for a sensible and efficient subsidy policy from the government in the 2015-2020 period. NAK developed several subsidy cut schemes for the government....

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A pace has not seen for eight years in the Hungarian economy

The Coface, one of the world's largest credit insurer has confirmed Hungary’s risk classification. Hungary’s country risk classification continuesto belong to the B category – Coface confirmed said, after strenghtened...

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Horse Meat Scandal: the number of positive samples significantly reduced in the EU

In contrast to the study conducted last year, the results of this April’s research showed that the proportion of products containing horse meat significantly reduced in the EU market –...

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Chestnut is flourished dramatically early this year

The chestnut trees flourished earlier than usual this year. The flowering period usually lasts from mid-June to mid-July. This year the flowering period started in June. The protection of the...

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The United States expects a record yield from corn

At the end of the week, the price of corn fell to its four years low at the Chicago commodity exchange: 3.7060 USD per bushel for September delivery. This is...

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British retail sales increased

After the 0.5 percent monthly decline of May, retail sales in Britain increased by 0.1 percent in June. According to the British National Statistical Office (ONS) in all sectors of...

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Strict consumer protection controls are expected at the Hungarian Grand Prix

The Consumer Protection Inspectorate of the Pest County Government Office launches consumer protection controls that will be stringent similar to last year during the Hungarian Formula 1 Grand Prix, Tarnai...

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Professional and natural oral care at home

Professional oral care is gradually becoming a part of everyday life and we would all like to use the most efficient products in our homes, too – reveal Szilvia Baranyi,...

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Good harvest is expected

This year autumn wheat is harvested on 1.1 million hectares of land in Hungary. According to György Czerván, secretary of state in the Ministry of Agriculture, average yield will be...

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Facts from last year

According to data from the Central Statistical Office (KSH), agriculture’s gross added value rose by 33 percent in 2013 if calculated at last year’s prices or by 7 percent at...

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Hangya calls for cost reduction in agricultural production

ccording to Hangya Cooperative Association’s calculations, farmers could cut their production costs by 10 percent on average by acting together. Vilmos Patay, president of Hangya Holding told that farmers can’t...

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Professional and natural oral care at home

Professional oral care is gradually becoming a part of everyday life and we would all like to use the most efficient products in our homes, too – reveal Szilvia Baranyi,...

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KSH: the growth in retail sales slowed in May

The volume of retail sales increased by 4.9 percent in May, compared with a year before, according to the raw and working day adjusted datas – the Central Statistics Office...

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NGM: the growth in domestic consumption remains at the forefront of Europe

The retail sales are expanding for the eleventh consecutive month. With the almost 5 percent growth in May, Hungary has the third highest growth rate in the European Union –...

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The Hungarian melon has a high quality

The Hungarian melon has a high quality, the amount is sufficient, but the purchase price is low – was said at the Napközben show of the Kossuth Radio. This year...

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GKI Digital: The online shoppers vote for the recipient points

The receiving points only appeared four years ago on the Hungarian e-commerce market, but for now they have become the most popular delivery way. Not the price, but the availability...

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Online cash register busted the peculating bartenders

The staff of the National Tax and Customs Authority (NAV) busted bartenders who were working for their own pocket stealing the revenue from their own employer. The scammers were found...

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Nébih: the products of the small producer who is under investigation caused the disease

The products of a small producer from Eger, caused the botulism disease in June – the National Food Chain Safety Office (Nébih) announced on Tuesday at the request of MTI....

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Bisnode: the number of businesses decreased in Hungary

Currently 552 thousand companies are operating in Hungary, 1.35 percent less than a year ago – according to the analysis of Bisnode. Until the middle of last year, the number...

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The biggest attractions of the city center has been opened

Drávucz Rita, Alexandar Sostar, Kiss Gergő, Kósz Zoltán and Szécsi Zoltán World-, European- and Olympic champion water polo players unveiled the Vodafone Water Polo Arena in the downtown of Budapest,...

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Shoppers focusing on quality

Global research by Nielsen identified six shopper types, one of them is defined as follows: ‘spends money focusing on quality.’ These shoppers ‘pick the best product in each category, no...

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Central Eastern European Tax Brochure from MAZARS

This year MAZARS collected relevant tax information in its Central Eastern European Tax Brochure 2014 for the second time. The study examines the tax environment in Hungary, its neighbours, in...

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Nielsen: consumer buying mood has improved

The Nielsen Consumer Confidence Index has reached a three year record in Hungary. This is mainly due to the improvement in consumers' buying mood, and also compared to the previous...

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MOSZ: the government's announced decision causes damages to agriculture

According to the Agricultural Cooperatives and Farmers Association (MOSZ) the government's decision announced on Monday; the farmers who have more than 1,200 hectares of land will be “deprived” from EU...

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Less than one third of the Hungarian population buying online

86 percent of the Hungarian population has Internet access, but only 28 percent of them are regularly purchasing products via the Internet – eMAG online dealer’s survey shows. According to...

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We drink a lot of beer from little money

In recent years, the growth of beer consumption has slowed. Although the Czechs consumes the most beer on an annual basis, Ireland's population still spends far more for this purpose....

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Nearly eighty percent of the grain was harvested in Szabolcs-Szatmár-Bereg County

Nearly 80 percent of the grain was harvested in Szabolcs-Szatmár-Bereg County – the president of the regional chamber of agriculture told MTI on Tuesday. Rácz Imre the president of the...

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Magazine: Old brands with new messages

Carbonated soft drink sales have been declining steadily for a decade. Last year 31 percent less was sold than in the peak year of 2003; compared with 2012 sales were...

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Innovation is the path that leads to growth

In the developed world 75 percent of FMCG innovations fail. Half of the 25 percent that survive realise sales below the expected level and in the end only 6-7 percent...

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