Market News
Magazine: Spirits 2019
Extending the public health product tax (NETA) to spirits in 2015 entailed a 20-30 percent price increase in the category. Sales were also affected negatively by the law that allowed...
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Nébih: quality and labeling problems have also been found at cheese products
The National Food Chain Safety Authority (Nébih) has tested 31 cream cheese products in its latest Supermenta product test, and 20 cases have been subject to regulatory action due to...
Read moreThe coronavirus is boosting demand for durable foods
Coronavirus disease is on the rise in Europe, prompting people to accumulate durable foods in Hungary as well – privatbankar.hu wrote. The National Trade Association, which includes members of Tesco,...
Read moreAccording to a recent K&H study, SMEs remain optimistic
On average, small and medium-sized enterprises (SMEs) expect 8.3 percent more revenue and 5.2 percent profit growth this year. The most optimistic sectors are the medium-sized and commercial companies –...
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With full employment, the number of economically active people is decreasing
The labor market is stabilizing, reaching full employment – but the number of economically active people has been falling for four months – according to a quick analysis by ING,...
Read moreA full agricultural census will be launched in May
The Central Statistical Office (KSH) will conduct a full agricultural census between May 15 and June 30, 2020, entitled “Agricultural Census, 2020,” – origo wrote. The purpose of the survey...
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Amazon is taking action in case of overpriced medical masks
Amazon has announced that the site will look specifically at dealers who sell medical masks and take action against those who raise the price of medical masks – origo wrote....
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Consumer confidence in the euro area and in the EU improved in February
Consumer confidence in the euro area and in the European Union improved in February, according to final figures released by the European Commission on Thursday. The euro area, which comprises...
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KSH: gross earnings increased by 11.4 percent to 367,800 HUF last year
In December last year, average gross earnings were 406,400 HUF, 13.1 percent higher than a year before, so last year’s average earnings were 367,800 HUF and net 244,600 HUF, both...
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The amount of garbage in Budapest can be reduced by up to third
One third of the garbage produced by households is organic waste that can be turned into humus by individual and community composting. You can now read more about the propeer...
Read moreThe world economy may lose more than 1,000 billion USD this year
While China’s economic growth will be hard pressed by the effects of the corona virus, Oxford Economics analysts say the entire world economy may lose more than 1,000 billion USD...
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A soup powder was called back because of an unlabeled allergen ingredient
Allergenic material – milk – may have been added to Demae Ramen Spicy soup powder, which was not labeled on the product, so Nissin Foods GmbH recalls the product marketed...
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Eight hundred million VAT fraud has been uncovered by the tax authority
A man who cheated on VAT on meat imported from abroad has caused about 800 HUF million loss to the budget, and the National Tax and Customs Board (NAV) is...
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The economic performance of the euro area improved in February
The eurozone’s economy performed better than expected in February, according to a preliminary survey released on Friday by the IHS Markit Economic Research Institute in London. In the euro area,...
Read moreConsumer confidence in the United States improved less than expected in February
Consumer confidence in the United States improved less than expected by analysts in February. The Conference Board nonprofit Economic Research Institute announced on Tuesday that the consumer confidence index rose...
Read moreUniversity students are planning the pig hutches of the future
In Germany, a competition was announced to design pig hutches for students of several universities and colleges – agroinform.hu wrote. Special attention was paid to animal welfare and the movement...
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DACHSER expands its contract logistics capacities
The US conglomerate Emerson is expanding its collaboration with DACHSER. In view of the new European contract logistics mandate for Emerson’s Climate Technologies division, DACHSER expanded its capacities in Alsdorf...
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(HU) A FAO üdvözli a Bill és Melinda Gates Alapítvány támogatását az észak-afrikai sáskajárás ellen
Sorry, this entry is only available in HU....
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A sip of the beer market
Dr Sándor Kántor, president of the Association of Hungarian Brewers informed that the six member breweries produce approximately 6 million hectolitres of beer a year. Although sales of Hungarian-made beers...
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Magazine: ‘Superfoods’ are becoming more popular among confectionery products too
Sándor Sánta, president of the Association of Hungarian Confectionery Manufacturers informed that there are approximately 250 confectionery product manufacturers in Hungary, and these employ about 5,000 people. The combined sales...
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Social issues in brand building
What a company thinks about social issues is now emerging as it builds its brand. This is how “brand purpose” or “doing good” campaigns link social advertising issues with marketing....
Read moreThe Eastern European and Baltic countries insist on retaining resources for the Common Agricultural Policy
The agriculture ministers of Eastern Europe and the Baltic states said in a joint statement in Warsaw on Monday that maintaining the level of resources available for the Common Agricultural...
Read moreThe GKI economic activity index remained on its 3 year nadir
GKI’s business index remained at its almost 40-month low in January, following a slight deterioration in business expectations in February and a nearly same improvement in consumer expectations – the...
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The government has launched new tenders for the Hungarian Village Program
The government has announced three more applications under the Hungarian Village Program, this time for a total of seven billion forints for the construction of medical service housing, the construction...
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Salmonella dog food was recalled by the authorities
Multi Fit Native rabbit ear dog food containing Salmonella has been recalled from the market, the National Food Chain Safety Authority (Nébih) announced on Monday. According to the information, the...
Read moreBusiness sentiment in Germany improved in February
Business sentiment in Germany was better than expected in February -according to a survey sent to MTI by the University of Munich’s Ifo Economic Research Institute on Monday. The business...
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The year started well for Swiss watchmakers
In January, Swiss watch exports rose 9.4 percent to 1 billion 786 million francs, compared to a year before, and again in the first month, the United States became the...
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A fight against desertification
Desertification is the degradation of land in arid, semi-arid and dry sub-humid areas. It is caused primarily by human activities and climatic variations. Desertification does not refer to the expansion...
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Magazine: Some information about the rules regulating buyer power
In April 2019 Directive 2019/633 of the European Parliament and the European Council on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (UTP Directive) was...
Read moreNagy István: beekeepers receive one thousand forints per beehive
Beekeepers will receive one thousand forints of support per bee, which is double the support so far – the Minister of Agriculture told M1 news channel. According to István Nagy,...
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