Market News
NAV is checking vegetable and fruit vendors
In several counties of the country, the National Tax and Customs Office (NAV) has also ordered a series of tests for this week at local vegetable and fruit traders –...
Read moreThe NAV found more than half a billion forints worth smuggled cigarettes
A record amount of 530 million HUF worth smuggled cigarettes were found by the finance officers of the National Tax and Customs Administration (NAV) at the Hungarian-Romanian border crossing point....
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The European economy is expanding for the seventh year
The European economy has been growing for the seventh year and is expected to grow further in 2020. The economies of all Member States are strengthening, despite less favorable conditions...
Read moreRomanian retail sales grew by eight percent
In the first four months, the volume of Romanian retail sales increased by 8.1 percent compared to the same period of last year – the Romanian National Statistical Institute announced...
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FruitVeB: a better than average apricot and medium peach harvest is expected
The Vice President of the FruitVeb Hungarian Vegetable and Fruit Interprofessional Organization and Product Council expects slightly more than the average 25,000 tons of apricot crop this year, while the...
Read moreThe rain caused significant damages in the open-field strawberry production
This year, the fungus infection and the rainy weather also caused significant damages to the open-field strawberry production. Apáti Ferenc Vice President of the Hungarian Fruit and Vegetable Interprofessional Organization...
Read moreNAIK Director General: drought damages can be reduced
Gyuricza Csaba, the head of the National Agrarian Research and Innovation Center (NAIK) at the Efficiently in Drought Conference on Monday in Hajdúhadház pointed out that farmers do not pay...
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Euro-area inflation declined to one-year low in May
Inflation in the euro area declined to a one-year low in May on the basis of the preliminary data of Eurostat, the European Union’s Statistical Office. In May, inflation fell...
Read moreThe growth of personal consumption has fallen in the United States
The growth rate of personal consumption declined sharply in the United States in April, while personal incomes increased significantly. The US Department of Commerce said on Friday that consumer spending...
Read moreThe Ministry of Agriculture introduces new wine market measures
The Ministry of Agriculture (AM) introduces new wine market measures this year due to the development of the European wine market, thus launching a green harvesting and wine distillation support...
Read moreFruitVeB: cherry crop can fall below 10,000 tons
Due to the heavy rainfall, fewer than 10,000 tons of cherry can be produced in Hungary, so it can be more expensive than last year – the director of the...
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The Purchasing Manager Index increased well above average in May
The seasonally adjusted May value of the Purchasing Manager Index (PMI) rose to 57.9 points from 55.1 in April. The respondents of the survey reported more favorable processes compared to...
Read moreThe unique wine bottle of the Eger wine region was presented
Just one year after the announcement of intent, the first specimen of the unique bottle of the Eger wine region was completed – Soltész Gergő, the president of the Eger...
Read moreForeign trade: freight and tourism produced serious surpluses
In the first quarter, exports of services in euro increased by 4.5 percent and imports by 3.2 percent compared to the same period of the previous year – the Central...
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The hail damage reduction system saves the yield
Thanks to the hail damage reduction system, Hungary has been less affected by the turbulent weather of recent days, whereas hail has caused serious damage in cross-border areas – the...
Read moreCzech beer exports are growing stronger
Czech breweries exported 5.16 million hectoliters of beer in 2018, which is an increase of 11 percent, according to the Czech Beer and Maltese Association. Previously, there was no example...
Read moreCoffee is not as bad for your heart as previously thought
The research from Queen Mary University of London has shown that drinking coffee, including in people who drink up to 25 cups a day, is not associated with having stiffer...
Read moreChina can be the most important export market for Hungarian agricultural products
In the coming years, China is the most important export market for quality Hungarian agricultural products, and it is the 4th most important destination country of the Hungarian wine export...
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There are a lot of illegal workers on EU farms
Up to 60 percent of workers are illegally employed in some farms of the European Union – agrarszektor.hu wrote. Because of the seriousness of the case, many experts urges the...
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Magazine: Festival presence
The Coachella music and arts festival in California marks the unofficial start of the festival season. Retail trade sees great opportunities in festival presence and some retailers prepare for these...
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The 2018 FMCG retailer ranking is out now
Trade magazin traditionally publishes its FMCG retailer ranking on the first workday in June. The good sales results of former years improved further last year. Discount supermarkets were very successful,...
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GKI: Hungarian GDP growth peaked in the first quarter
In the first quarter of 2019 the Hungarian economy grew by 5.3 per cent, at a record speed. This rate is by far the fastest in the EU, together with...
Read moreSzázadvég: Hungarian customers prefer domestic products
Hungarian consumers prefer to buy products produced in Hungary, have good opinion about their quality and are willing to pay more for them – Századvég Gazdaságkutató Zrt. revealed in its...
Read moreFruitVeB: Producers can harvest more tomatoes and cucumbers this year
From a smaller production area this year, the producers can harvest 5-10 percent more tomatoes and 5 percent more cucumbers from heated glass and foil houses – FruitVeB predicts. Ledó...
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Magyar Levente: serious and real interest towards Hungarian food products in Canada
Serious and real interest occured towards Hungarian food products in Canada. The Hungarian government is doing everything to make a successful partnership with Canadian companies – Magyar Levente, Minister of...
Read moreThe vine-growers recommend green harvesting
Wine producers are facing huge sales difficulties this year, so they asked the National Council of Mountain Regions to authorize the removal of unripe fruit – for the first time...
Read moreEaster holidays have boosted retail sales in Germany
Retail sales in annual comparision expanded with a much greater extent in April than expected, mainly due to the Easter holidays. According to preliminary data published on Friday by the...
Read moreConsumer sentiment improved less than expected in the United States in May
Consumer sentiment in the United States has improved less than expected in May, according to the regular monthly survey of the Michigan University. According to the final data published on...
Read moreIATA reduced the annual profit prospects for airlines
The International Air Transport Association (IATA) reduced its profit forecast of airlines by the end of the year. The association expects a 28 billion USD profit instead of the previous...
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