Market News

Fresh domestic watermelon to arrive

Domestic, high-quality, fresh watermelons will be available all over the country from the beginning of next week – the National Agricultural Chamber’s (NAK) panorama reveals. The Hungarian melon growers have...

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Green harvesting application was submitted for only less than 8 percent of the vineyards

Grape producers applied for a grape and wine surplus market claim until 11 June to the Hungarian State Treasury (MÁK), for less than 8 percent of the vineyards for about...

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Where chocolate tasting is a requirement toward students

You can learn about chocolate, coffee and tea production on professional level at the Szent István University’s Faculty of Food Sciences at the Chocolate, Coffee and Tea Maker Masters Course...

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The market in Pécs was renovated from nearly 600 million forints

On Friday, the renovated buildings and public areas of the market in Pécs were handed over. The buildings were renovated from 580 million forints. As part of the project, the...

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Excise tax on cigarettes will increase

The excise tax rate on cigarettes rises to the EU level in three steps and the operation of sports properties becomes more favorable after the Parliament has adopted the necessary...

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Magazine: Fuel cards: Help in the palm of your hand

The fuel cards of filling station chains are very popular. Why? Because the service offers tailor-made advantages, lower costs, transparency, safety and cashless payment.   MOL cards can be personalised,...

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NAK: sweet corn harvest may start next week

If weather allows, harvesting of sweet corn can begin next week. An average of 500 – 600 thousand tonnes are grown annually in Hungary on an average of 30-34,000 hectares...

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The barley harvest to be finished soon

90 percent of the 218,000 hectares of arable land of autumn barley has been harvested, and although the yield of 5.5 tonnes per hectare is slightly below last year’s level,...

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Seasonal work attracts department store workers

In addition to the general shortage of labor in the stores, the summer seasonal job opportunities drain the trade workers because they can earn more money in tourist jobs and...

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Analysts expect annual inflation of around 3.5 percent

This year, analysts interviewed by MTI are expecting 3.3-3.5 percent inflation based on the latest KSH data and do not expect significant monetary tightening from the central bank in 2019....

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The European Commission has further improved its growth forecast for Hungary

This year’s economic growth forecast for Hungary has been improved further – the European Commission published its summer forecast on Wednesday. Experts from the Brussels-based Economic and Financial Directorate-General (Ecfin)...

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The top list of the domestic Instagram brand pages with the most followers was released

Launched in May, the iStory.com website once again published the top list of domestic Instagram brand pages with the most followers. For the first time, a survey was conducted to...

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The agricultural chamber updated its irrigation guide

The National Agrarian Economy Chamber (NAK) updated its guide to watering licensing procedures for irrigation, making it more transparent for the administration – the NAK announced on Wednesday. The Guide...

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Deloitte: the summer tax package may bring significant relief to exporters outside the EU

The summer tax package for exporters outside the European Union can bring significant administrative simplification – Deloitte points out. The advisory firm outlines in its announcement that at the moment,...

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EU court: Internet merchants do not necessarily have to provide a telephone number for the consumers

Electronic commerce platforms such as Amazon do not always have to provide a telephone number prior to the conclusion of a contract, but there is a communication channel that allows...

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KPMG: international executives worry the most about climate change

Managers of global large companies consider climate change to be the most serious challenge in the years to come, but they do not worry about an economic crisis – according...

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Nestlé launches 100% recycled plastic bottle in Belgium

It’s a first for Valvert, our Belgian natural mineral water, and a European first for Nestlé Waters. A sustainable water in a more sustainable bottle: Valvert launches today its new...

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GEFCO acquires Chronotruck to take digitalization to the next level for shippers and carriers

GEFCO Group announced today the acquisition of Chronotruck, a company that connects shippers and carriers through an innovative digital platform. This acquisition supports GEFCO’s strategy of leveraging new technologies to...

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Magazine: Tracking: Credible data at every moment

It is an everyday phenomenon with logistics and parcel delivery companies that companies are unabele to keep track of delays. WebEye Telematics Zrt. has developed a system that increases efficiency...

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KSH: the price of alcoholic beverages, tobacco and food products is at the forefront in inflation

Consumer prices were on average 3.4 percent higher in June than a year before. Compared with May an average of 0.2 percent decrese in prices occured – the Central Statistical...

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More than a million people saw the Choose Domestic! video

The community pages of Hungarian Product Trademark Users have also benefited from the Choose Domestic! campaign. 1.2 million people watched the video on Youtube by the end of June. The...

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Exports grew stronger than imports

In May this year, a surplus of 678 million euros was recorded for product and foreign trade, 285 million euros more than in May of the previous year, the Central...

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Consumer protection associations: the majority of webshop are cooperating

The vast majority of Internet merchant companies have been cooperating according to experience, but consumers also need to pay attention to when shopping – the CEO of the National Association...

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Average yield is expected in Jász-Nagykun-Szolnok county

Average yields are expected in autumn sowing crops, which are the largest part of the sowing area, in Jász-Nagykun-Szolnok county – the county president of the National Agricultural Chamber (NAK)...

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The growth of retail sales decreased in the Czech Republic in May

In May, the retail sales growth in the Czech Republic dropped to 2.7 percent, while rose by 6.9 percent in April – the Czech Statistical Office announced on Tuesday in...

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Nébih: Fressnapf calls contaminated dog food back

Fressnapf calls back dog food contaminated with salmonella – the National Food Chain Safety Office (Nébih) told referring to the chain store. According to the information published on the Nébih...

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Magazine: Technology brings major transformation to the Hungarian financial services market

At the end of April more than 400 experts gathered at the FinTechShow conference, where Hungary’s fintech strategy and the fintech programme of the Central Bank of Hungary (MNB) were...

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Analysts: growth in retail sales is lower than expected

The slower than expected retail sales of May surprised the analysts. Most of them expect further downturns in the second half of the year, compared to what they saw in...

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There is plenty of Hungarian grain for export

Similarly to last year, five million tons of wheat production is expected in Hungary this year, and not only the supply of the country is secured, but there is also...

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AM: punishment for food counterfeiters to be tightened

According to the amendment of the law of the Parliament, the punishment of food counterfeiters is stricter and they can no longer hide behind other companies after the fraud –...

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