Market News
Vietnamese entrepreneur owns the most expensive whiskey collection in the world
Rare Whiskey 101 (RW101) estimates that the whiskey collection owned by Viet Nguyen Dinh Tuan is worth 10.8 million pounds, or nearly 4.2 billion HUF. The Vietnamese businessman has a...
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Bonduelle: new recommendations say plant-based food is the way forward
The new dietary recommendations of France, Canada and the international EAT-Lancet project are unanimous: eating more plant-based food benefits our health and that of our planet. Will 2019 be a...
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Magazine: The changing face of retail
Trafik.hu coordinates the purchasing and sales work of 100 National Tobacco Shops. Data from the company reveals that these units are playing an ever-bigger role in Hungary’s FMCG retail. According...
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KSH: agricultural producer prices increased more than expenditure in the first three quarters of the year
In the first three quarters, agricultural producer prices increased more than input prices, the former increased by 5.8 percent and the latter by 4.2 percent, compared to the same period...
Read moreThe OECD has improved its GDP growth forecast for Hungary for 2019 and 2020
GDP growth is slowing compared to last year, but Hungary’s economic growth this year and next year will be faster than previously expected, according to the latest OECD forecast released...
Read moreNational Council of Mountains Villages: 4.2 million tons of grapes were produced this year
About 4.2 million tons of grapes were grown this year, yielding 2.9 to 3.1 million hectoliters of wine – Brazsil Dávid, secretary general of the National Council of Mountains Villages...
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There are many misconceptions about beef farming and beef consumption
There is more public uncertainty about beef rearing and beef consumption. It is not true that 15,000 liters of water is needed to produce one kilogram of beef, nor can...
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The Night of Modern Factories has doubled the number of its visitors
This year’s third edition of the Modern Factory Night program series interested more than ever visitors. The event, organized on 15 November 2019 attracted 5,300 visitors who get a first-hand...
Read moreNébih: 100 of the 104 pigs at an animal fair in Szekszárd had no certificate
The National Food Chain Safety Authority (Nebih) inspected an animal fair right on the spot in Szekszárd at the end of last week. The inspectors found out that 100 of...
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Hungarian startups introduced themselves in Asia
Three Hungarian startups were introduced in Singapore, Kuala Lumpur and Jakarta at local fintech summits thanks to a collaboration between the Startup Campus and the Hungarian Export Development Agency (HEPA)...
Read moreSlow growth in Swiss exports of watches
Switzerland’s watch exports slowed significantly in October, year-on-year, partly due to its nearly one-third drop in sales in one of its main markets, Hong Kong. According to data from the...
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Magazine: ‘A waste-free economy is still a long way away’
Miklós Nagy, secretary general of the Hungarian Association of Packaging and Materials Handling (CSAOSZ) talked to our magazine about changing trends and the efforts to improve waste utilisation technologies. In...
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KSH: crop and livestock performance increased last year
The volume of crop production increased by 0.9 percent and livestock production by 6.3 percent, compared to last year – according to the Central Statistical Office (KSH). According to the...
Read moreThirteen EU Member States have supported Hungarian apiculture proposals
Thirteen EU Member States supported Hungarian proposals to strengthen the beekeeping sector at a meeting of the Agriculture and Fisheries Council on Monday – the Ministry of Agriculture (MTI) told...
Read moreMinistry of Agriculture launches a 12 million euros wine promotion program
The Ministry of Agriculture is launching a 12 million euros wine promotion program to support the sale of Hungarian wines – Feldman Zsolt, Minister of State of the Ministry of...
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Survey: Hungarian workers remains optimistic
Hungarian workers remain optimistic about the likelihood of re-employment and the stability of their current job; 79 percent of those surveyed believe their job position is secure for a minimum...
Read moreMany Hungarian plant species are well adapted to tropical conditions
There are many arable crops or vegetables in Hungary that are well adapted to tropical conditions, – Gyuricza Csaba, Director General of the National Center for Agricultural Research and Innovation...
Read moreThe OECD’s economic growth slowed in the third quarter
The combined economic growth of the OECD member countries slowed down in the third quarter, compared to the previous quarter. According to tentative data posted on the Organization for Economic...
Read moreMore and more packaging waste is generated in Germany
More and more packaging waste is generated in Germany. According to the report of the Federal Environment Agency(UBA) released on Monday, the amount per person exceeds 100 kilograms a year....
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Magazine: Beautiful, natural
According to data from L’Oréal Magyarország, decorative cosmetics sales grew in 2018 and 2019, in both value and volume. However, the growth rate decreased and is likely continue this trend in...
Read moreAM: this year’s grape harvest may exceed 4 million tons
Corresponding to an average year, more than 400 thousand tonnes of grapes could be harvested this year by Hungarian farmers, so it is expected that about 3 million hectoliters of...
Read moreKSH carries out an Agricultural Census
The Central Statistical Office (KSH) carries out the collection of agricultural data between 15 November and 15 December. The results of the survey – which covers 484 settlements in the...
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MNB: household savings reached 4.2 percent of GDP in the third quarter
In the third quarter of this year, households accumulated savings of 931 billion HUF and borrowed 422 billion HUF, increasing their net financial assets by 508 billion HUF, which is...
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FIVOSZ more and more young people are thinking about starting a business
Over the last ten years, more and more young people have been thinking about starting a business, – Kovács Patrik, president of the National Association of Young Entrepreneurs (FIVOSZ) told...
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410 actions to raise awareness to waste reduction this week throughout the country
Boros Anita, the Minister of State of the Ministry of Innovation and Technology, announced at the press conference of the European Waste Reduction Week in Budapest that the number of...
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Pricing and promotions through the eyes of the consumer
Food prices are rising and shoppers are worried – reveals the latest Nielsen ‘Shopper Trends’ survey. Back in 2017 growing food prices was only the 6th biggest shopper concern, but...
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This is how the families of 25-34 year olds are shopping
Euromonitor International has published a report, titled ‘Millennial Parents: Transforming Family Life’. It contains the results of a global survey on the habits of Generation Y – 25-34 year old...
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The future is sustainable
Sustainability is one of the hottest topics all over the world and 2019 is the year when smart product manufacturers and retailers have tested really innovative things in their efforts...
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More than 30 billion forints for winemakers’ development projects
Within the framework of the Rural Development programme, HUF 35 billion has been granted as funding for winemakers. The plan of the Ministry of Agriculture is to promote the sales...
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Growing sales for laundry detergent capsules
In the first 9 months of 2019 the number of laundry detergent capsule buying households kept growing, and liquid/gel products also acquired new buyers. If we want to simplify things...
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