Market News

Pork can become more expensive
Date: 2022-01-10 11:40:56

Consumers could prepare for a serious price explosion in the pork market, as the fluctuating year of 2021 has led to such an increase in producers’ costs that they will...

Analysts: last November’s retail sales fell short of expectations
Date: 2022-01-10 11:40:13

Analysts told MTI that retail sales fell short of expectations last year due to declining fuel consumption, lower-than-expected discounts and high inflation. According to a report by the Central Statistical...

Farmers bought seven percent more new tractors last year
Date: 2022-01-10 11:20:09

The economic environment was favorable for the purchase of agricultural machinery. Last year 3335 new tractors were put on the market in Hungary, 7.2 percent more than a year before...

Last year, retail sales in Romania grew by 10.5 percent in the first eleven months
Date: 2022-01-10 11:10:02

Last year, according to raw data, the volume of retail sales in Romania increased by 10.5 percent compared to the same period in 2020, the Romanian National Statistical Institute said....

Retail sales increased in the euro area
Date: 2022-01-10 11:05:06

In the euro area, the volume of retail trade turnover increased by 1 percent in November, compared to the previous month and was 7.8 percent higher than in November 2020,...

K&H: when yoghurt or shoes become more expensive – this is what “child inflation” looks like
Date: 2022-01-10 10:52:54

The price increase is ubiquitous, even affecting children’s “shopping carts”, through which pocket money and wallets are affected. Fruit yoghurts, for example, have increased by 10 per cent in a...

Let’s pour clean water into the glass
Date: 2022-01-10 10:46:34

Sustainability and environmental protection affect all of us, thus in 2020 NRC decided to do research every six months on what Hungarians think and do about sustainability. Insufficient information and...

Hungarian Product trademark turns costs into savings
Date: 2022-01-10 10:15:52

Eszter Benedek, managing director of Hungarian Product Nonprofit Kft. explained that a company which decides to start using the trademark has to calculate with two types of fees: 1. the...

Magazine: About food regulations in an understandable way: The probiotics story
Date: 2022-01-10 06:44:52

According to a recent survey, almost 60 percent of Hungarians know what probiotics are and the majority of them are familiar with their beneficial effects. Besides, half of consumers are...

One day, we spent 3416 forints in the store
Date: 2022-01-07 12:17:06

But if you live in Budapest, you can live for 3,987 forints. And if it’s in Nograd, it’s 2,476 forints. In the first three quarters of 2021, the difference in...

KSH: sales of retail stores increased by 3.8 percent
Date: 2022-01-07 11:45:46

In November last year, the volume of retail trade turnover increased by 3.8 percent, compared to the same period of the previous year, according to both raw and calendar-adjusted data,...

Additional resources for the dairy sector again
Date: 2022-01-07 11:42:08

The government is committed to the development of domestic milk production and milk processing, therefore the actors of the sector will receive additional resources for development and expansion in the...

MKIK: 81 percent of companies plan to raise wages this year
Date: 2022-01-07 11:25:05

This year, 81 percent of companies plan to raise wages, 18 percent indicated that they will not change wages, while 1 percent expect a decline, MKIK told MTI in its...

The Ministry of Agriculture also helped the wineries with extraordinary support
Date: 2022-01-07 11:22:59

The wineries that were severely affected by the impact of the coronavirus pandemic on hospitality and tourism received 1.5 billion HUF in support at the end of 2021, the Ministry...

Nigeria is also interested in Hungarian seeds
Date: 2022-01-07 11:21:53

A cooperation agreement has been concluded between the Seed Association Interprofessional Organisation and Product Council and the Maize Association of Nigeria. In addition to mutual information transfer, the aim of...

Employment in the United States grew more than expected
Date: 2022-01-07 11:03:01

The number of employees in the United States grew more than expected in December, the ADP Institute for Labor Data Processing said. According to a report on the website of...

Inflation in the euro area hit a record high at the end of the year
Date: 2022-01-07 11:01:33

Inflation in the euro area accelerated to a record high in December, mainly due to continued significant increases in energy prices. According to a preliminary estimate by Eurostat, the European...

BMI: December has strong results
Date: 2022-01-07 10:56:39

The Seasonally Adjusted December Value of the Purchasing Managers’ Index (BMI) was 64.8, which was the result of a combination of factors. Due to the holidays, December typically consists of...

Family spending could be as much as 27,000 billion HUF in 2022
Date: 2022-01-07 10:45:22

A thousand and two hundred billion forints suddenly fell into the wallet that you had not expected before. But you also spend 80% of your money, and family spending jumps,...

Interest- and no-cost credit facility opens up for pig farmers
Date: 2022-01-07 10:04:17

Due to the drastic increase in feed prices and the difficulties of the pig market, a new element of the package of measures for the pig sector is becoming available....

A range of products will be permanently banned in tobacco shops
Date: 2022-01-07 08:52:55

Within weeks, the marketing of menthol tobacco and cigarettes in Hungary will be banned. According to the notice published in the Hungarian Gazette, Government Decree No. 39/2013 (II.14.) on the...

This new tax will also be introduced in Hungary from 2023: here are the details
Date: 2022-01-07 08:11:11

On 20 December, the OECD published the rules of the final model for the global minimum corporate tax. The model rules are based on consensus from more than 135 countries...