Market News

Prices in the euro area have risen

Consumer prices in the euro area increased year-on-year in November, in line with analysts’ expectations. Final figures released by the European Union Bureau of Statistics (Eurostat) on Wednesday show that...

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Hungaricool: With product innovation for the development of the food industry

There was extraordinarily great interest in SPAR’s product innovation competition Hungaricool, which was implemented with support from the Agricultural Marketing Centre (AMC). From the 269 entries the 10 winner products...

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We eat apples in winter

Hungary does not need to import apples at all, due to the high quality and high yields of apples – magyarhirlap.hu wrote. In the winter season, apples are favored by...

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Századvég: economic growth can be 5 percent this year

The Századvég Economic Researcher expects the Hungarian economy to grow close to or even 5 percent in 2019, one of the highest growth rates among EU countries. Slower growth of...

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Nébih: baking margarines met food safety considerations

Baking margarines are good from a food safety standpoint, but labeling deficiencies have been reported by the National Food Chain Safety Authority (Nébih) in this year’s closing test of the...

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The gap between the richest and poorest EU member state is narrowing but still huge

Slightly reduced but still huge gap between richest (Luxembourg) and the poorest country (Bulgaria), according to a report released last Thursday by the Statistical Office of the European Union (Eurostat)....

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GDP growth of the G20 was 0.7 percent in the third quarter

Similarly to the second quarter, the gross domestic product (GDP) of the G20, which comprises the 19 largest economies and the European Union, grew by 0.7 percent in the third...

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The international trade union is concerned about the deterioration of profitability in air freight transport

The International Air Transport Association (IATA) fears that profitability in air freight transport will continue to decline in 2020, which will lead to the failure of many companies. Andrew Matters,...

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Chinese retail sales increased significantly

In November, retail sales and industrial production in China increased with the highest annual growth of the past five months, according to a report from the Beijing National Bureau of...

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Professional success and major innovations at Auchan

Ildikó Balázs, head of corporate affairs and quality at Auchan was honoured with the Klauzál Gábor Certificate of Honour on Europe’s Day in Commerce. She received the prestigious prize for...

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The busiest season of the year starts in stores

The busiest season of the year will start in stores, with the biggest rush expected between 20-23 December – the MTI surveyed store chains told. Auchan expects sales growth of...

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Turkey Association: turkey meat turnover can grow by 10 percent during the holiday season

According to the Hungarian Turkey Association, the domestic trade of turkey meat will increase by about 10 percent in December compared to the other months of the year, and the...

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The agricultural ministry plans to double fish consumption

Fish consumption in Hungary has increased over the last ten years, but is still far below the EU average – Farkas Sándor, parliamentary Minister of State of the Ministry of...

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Nébih: national inspections on Christmas markets

Authorities across the country are conducting inspections at Advent and Christmas fairs because experience has shown that these are the places where most violations occur – Pleva György, director of...

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Opten: 44 percent more companies were terminated in November than created

With 1,912 company registrations, 1,303 company registrations were liquidated, and 44 percent more were closed i nNovember, according to an analysis by Opten. Pertics Richárd, Opten’s corporate information expert, said...

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The representation of the Hungarian Export Development Agency in Moscow was opened

The Minister of Foreign Affairs opened a representation of the Hungarian Export Development Agency (HEPA) in Moscow on Friday. It is the job of the Hungarian government to help the...

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Retail sales in the United States grew less than expected

Retail sales in the United States were lower than expected in November, according to a report released Friday by the Department of Commerce’s statistics agency Census Bureau. In November, retail...

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Magazine: More stores can now use the SuperStore logo!

Trade magazin organised the SuperStore competition in 2019 too. It was an important criterion in the store design concept competition that retailers operating an online shop only weren’t eligible for...

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KSH: agricultural producer prices have increased

In October, after a three-month slowdown, the increase in agricultural purchase prices accelerated again, mainly due to the rise in fruit and pig prices. According to the data of the...

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ITM: consumer protection test for liqueurs was problem free

Twenty liquors were tested in the accredited laboratory of the Ministry of Innovation and Technology (ITM) as part of its periodic inspection series – the ministry told MTI on Saturday....

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Survey Green Christmas is more and more important to us

According to the online survey of Jófogás, compared to last year, there are more people who no longer wrap Christmas gifts, due to environmental reasons, but one in ten people...

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3 million Hungarians on the road to spend Christmas at home

According to the latest Mastercard research, over 3 million Hungarians will board a plane, bus or train to spend Christmas with their family. 15 percent of Hungarian respondents will come...

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NAV is not slowing down with digitalization improvements

Following the successful introduction of the online invoicing system, the National Tax and Customs Board (NAV) is launching technological developments in additional areas. From 1 July, 2020, companies will be...

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Four-fifths of Hungarians buy gifts 1-2 weeks before Christmas

In December last year, Hungarian consumers purchased 223 billion HUF in domestic retail trade, which is 10 percent of total annual turnover, 3 percent more than a year before. 83...

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MA-Fish expects good fish production

Domestic fish producers can close a successful year, with a 3-5 percent increase, compared to last year due to favorable hydrological conditions and summer temperatures. The increase is not due...

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Christmas chocolate bar in Millenaris park

From Friday to Sunday, confectioners dressed in leprechaun and fairy dresses will bake delicacies for the kids at Chocolate Nook, in the Millenáris Park in Budapest, the Mészáros Group told...

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The plant health regulations for the population will be tightened drom 14 December

The import of small quantities of plants and plant products for own use is also restricted by the European Union’s new phytosanitary system in force from 14 December; Henceforth, travelers...

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Blue banana with vanilla flavor

Blue bananas, which are full of potassium and fiberare gaining popularity though it has not familiar banana flavor – origo wrote after Newsner.com. Blue banana has a surprising taste, compared...

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Brexit: longer wait, more paperwork await the companies

Regardless of the scenario that will eventually occur, Brexit will have a significant impact on logistics and shipping across Europe. The key issue for the FTA is whether or not...

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Vitamin boosting in the winter with fruit juices – only naturally!

Sales increased in the fruit juice market last year, and according to Anita Pusztai, senior brand manager of Sió-Eckes Kft., the trend continues this year too. What is more, the...

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