Market News
Analysts: October retail sales fell short of expectations
Analysts interviewed by MTI were disappointed by the development of retail sales in October and are also seen as a bad sign for economic growth in the fourth quarter. According...
Read moreA campaign has been launched to promote the consumption of pork
As the holidays approached, the Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the Interprofessional Organization and Product Council for Slaughter and Meat (VHT) launched a campaign to...
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Black Friday remained gray
While the November traffic that peaked in Black Friday in 2019 was a really noticeable upturn on the curves, this year the number of visitors to physical stores in November...
Read moreAM: Hungary’s digital food industry strategy is under way
Under the Digital Welfare Program (Djp), Hungary’s Digital Food Industry Strategy (Dés) can be prepared for next February with the participation of the Ministry of Agriculture (AM), the Ministry of...
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Don’t take it easy
Nowadays, if you wanna go somewhere, all that was left was the store. And the holidays are coming. The government is scratching its head at what to do, but there...
Read moreAnalysis: The Hungarian M&A market may revive after July 2021
The Hungarian M&A market may recover after July 2021, the DLA Piper international law firm network told MTI on Friday after publishing its latest analysis of the impact of the...
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Borbély Tamás is the Wine Producer of the Year
On December 4, 2020, the winner of the title of “Wine Producer of the Year in Hungary 2020”, the most prestigious Hungarian award for Hungarian winemakers, was announced in the...
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A new Hungarian application calculates how environmentally conscious you live your days
A new Hungarian application defines itself as a community content sharing and attitude development media platform, which provides feedback on how environmentally conscious we are and what progress we are...
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Retail sales in the euro area increased in October
In October, retail sales in the euro area grew more than expected, according to a quarterly report from Eurostat, the European Union’s statistical office. In the 19 euro area Member...
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FAO: Food Price Index rises sharply
Global food commodity prices rose sharply in November to their highest level in nearly six years, according to a benchmark United Nations report released today. The FAO Food Price Index...
Read moreKSH: Compared to October last year, the turnover of retail stores decreased by 1.9 percent
In October, according to the raw data, the turnover of retail stores at constant prices decreased by 2.4 percent and by 1.9 percent, adjusted for the calendar effect, compared to...
Read moreImport pushes pork prices down
The price of live pigs has fallen further, which, coupled with high maize and soybean prices, means selling below cost to many producers already, according to industry players. In addition,...
Read moreSecretary of State for Investment will contribute to the development of agriculture
Not only has survived, but despite the difficult year this year, the agricultural and food economies have strengthened and even steps have been taken through investments and regulatory systems that...
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The country’s first LGBTQ-themed web store has been launched
More than 200 orders were received in the first week of the launch of the country’s only LGBTQ-themed web store. The goal of Humen.Shop was to function as a platform...
Read moreKSH: foreign trade surplus close to record
In September, the value of exports in euros increased by 6.1 percent year-on-year and surpassed the previous month by 30.0 percent. Imports fell 0.8 percent year-on-year, but were 19.7 percent...
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Chicken meat produced in lab can already be sold in stores in Singapore
Singapore was the first in the world to allow the sale of chicken meat produced under laboratory conditions – agroinform.hu wrote. According to MTI, the Singapore Food Safety Authority (SFA)...
Read moreChristmas fairs are not opened in Austria either
In addition to hotels and restaurants, Christmas markets will remain closed in Austria this year due to the coronavirus pandemic – the Austrian government has decided. Tourism Minister Elisabeth Köstinger...
Read moreInflation in OECD countries slowed to 1.2 percent in October
In the member states of the Organization for Economic Co-operation and Development (OECD), the annual growth rate of consumer prices was 1.2 percent in October after 1.3 percent in September....
Read moreAnalysts expect an economic downturn of around 6 percent for the full year
The performance of the national economy fell by 5.5 percent in the first three quarters, but for the year as a whole, analysts interviewed by MTI expect a decline of...
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Buy domestic BIO, protect your home!
We are preparing during the Advent period, recipes for our favorite festive dishes are revealed. We know from our grandmother’s brew, and since the Hungarian gastronomy has been conquering, we...
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Effects of restrictions during pandemic
You’re broke even though you spent 6,173 HUF a day, measured in volume, shopping consumption decreased by 3.5 percent in the third quarter and by 2 percent between January and...
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European overview – Nielsen 2020
In 2020 European FMCG market grew 8,3% so far. Brands outgrew private labels both in the traditional and online channels, by Nielsen presentation at PLMA online show. The Nielsen presentation...
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KSH: last year, the amount of R&D expenditures exceeded HUF 700 billion
In Hungary, the amount of research and development (R&D) expenditures at current prices reached 702 billion HUF in 2019, which is more than twice as much as in 2010 –...
Read moreAmazon, Facebook, Google, Apple, Booking domestic companies can sue foreign “giants” at home
The Court of Justice of the European Union has also ruled in favor of domestic companies: in order to compensate for damages resulting from an infringement of competition, the largest...
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Postal parcel traffic jumped significantly already in November
Domestic postal parcel traffic in November was almost 30 percent higher than a year earlier, so Magyar Posta is preparing for a much larger Christmas season than last year, and...
Read moreNAV seized half a billion forints worth cigarettes
At ten locations, 373,000 boxes of untaxed cigarettes worth more than half a billion forints were recently seized from a Ukrainian-Hungarian criminal group by the National Tax and Customs Administration...
Read moreRetail sales in Germany increased in October
In Germany, retail sales grew at a much higher rate than analysts expected in October, both monthly and annually. The German Federal Statistical Office (Destatis) said on Wednesday that retail...
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Producer prices in the euro area rose in October
In October, industrial producer prices in the euro area rose more than expected from the previous month, according to a report by Eurostat, the European Union’s statistical office, on Wednesday....
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The law has been passed: double quality will be punishable
Dual quality will be sanctioned as unfair commercial practices from May 2022, after Parliament passed an amendment to the Consumer Protection Act without a vote on Tuesday, the Ministry of...
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The winter seasonal check has started
Norbert Erdős, State Secretary for Food Chain Supervision of the Ministry of Agriculture, ordered a winter seasonal food chain inspection from 1 December. The aim of the campaign is for...
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