Market News
Prices in the euro area have risen
Date: 2019-12-18 11:02:13
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
Date: 2019-12-18 07:31:53
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
Date: 2019-12-17 11:50:51
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
Date: 2019-12-17 11:40:48
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
Date: 2019-12-17 11:27:31
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
Date: 2019-12-17 11:08:32
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
Date: 2019-12-17 11:05:14
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
Date: 2019-12-17 11:01:29
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
Date: 2019-12-17 11:00:09
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
Date: 2019-12-17 10:53:43
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
Date: 2019-12-16 11:55:49
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
Date: 2019-12-16 11:50:22
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
Date: 2019-12-16 11:45:26
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
Date: 2019-12-16 11:28:39
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
Date: 2019-12-16 11:25:47
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
Date: 2019-12-16 11:11:17
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
Date: 2019-12-16 11:02:35
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!
Date: 2019-12-16 06:56:50
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
Date: 2019-12-13 11:50:29
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
Date: 2019-12-13 11:32:25
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
Date: 2019-12-13 11:17:08
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
Date: 2019-12-13 11:10:48
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
Date: 2019-12-13 11:10:16
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
Date: 2019-12-12 11:55:50
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
Date: 2019-12-12 11:47:29
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
Date: 2019-12-12 11:22:51
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
Date: 2019-12-12 11:18:56
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
Date: 2019-12-12 11:05:56
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
Date: 2019-12-12 11:04:05
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!
Date: 2019-12-12 09:38:30
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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