Market News
London analysts: domestic consumption offsets the weakening of external demand
According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...
Read moreWe continue to stand up to the tax exemption for home-made pálinka
Hungary still does not support the taxation of home-made pálinka cooking, and at every forum stands for the European Union to allow tax exemption for the production of fruit distillate...
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A new business park is being built in South Buda
The White Star Real Estate is building the new business park called Park22 in 22nd district of the capital. The value of the investment is 15 billion HUF – the...
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AM: Hungary contributes to the development of food security in the developing countries
Hungary contributes to the development of food security in developing countries – Nagy István, Minister of Agriculture said at the joint conference of the Ministry of Agriculture and the United...
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Agrarian digitization can open up new external market prospects
The strategy for career guidance through vocational training and the dissemination of digital solutions also contributes to broadening the gates of new markets to farmers who can use the tools...
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Euro area inflation rose in April to a five-month peak
In April, euro area inflation rose to 1.7 percent, to a five-month peak, on the basis of Eurostat’s final data released by Eurostat on Friday. In April, the annual rate...
Read moreIn the United States, consumer sentiment reached a fifteen years peak in March
With a noticeable improvement, the consumer sentiment in the United States reached a fifteen years peak in May, according to a regular monthly survey of the University of Michigan. According...
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Magazine: We were ahead of our time!
There was full house at the first Hungarian Microsoft – Retail Day conference. On 7 March the representatives of the FMCG, energy, DIY and other sectors gathered to learn about the...
Read moreAnalysts: GDP growth exceeded expectations again
The 5.3 percent growth of gross domestic product (GDP) in the first quarter is higher than theexpectations of the market analysts interviewed by MTI, who expect a gradual slowdown in...
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Nagy István: without the latest technologies the fruit and vegetable sector cannot be successful
We need to give space to the newest technologies in the Hungarian fruit and vegetable sector, because without them it will not be successful – the Minister of Agriculture said...
Read moreErste is working with winemakers
Erste Bank has signed a cooperation agreement with the representatives of the Szekszárd Wine Region for the development of the wine region. At Erste, the financing of agricultural and food...
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NAK: Let’s learn about liqueur making together
The Free Trade Directorate of the Food Industry Directorate of the National Chamber of Agricultural Economics (NAK) continues its free professional program series: in June, the members of the Chamber...
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Obesity is getting worse in Hungary
The rate of obesity among the adult population in Europe is the highest in Hungary, and we rank fourth after the United States, Mexico and New Zealand globally. Obesity is...
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EU goods turnover surplus has fallen compared the United States
The European Union’s trade surplus against the United States declined in the first quarter of this year, but China’s deficit has increased, according to the preliminary data published by the...
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Magazine: ‘It is worth building on Hungarian consumers’
Tamás Éder, social president of the Hungarian Meat Industry Association has told at the traditional pre-Easter press conference in Budapest: what the industry needs is understanding and compassion from retailers...
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Strong customer authentication: great changes in the e-commerce market
The countdown has started: on 14 September strong customer authentication (SCA) rules enter into force in Hungary too. This will make an impact on every player in the e-commerce market. On...
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Online shops: a new No.1
After four years there is a new No.1 among online shops in Hungary: sales data from 2018 show that eMAG is the biggest player now, ahead of the former 1st-placed...
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Two thirds of Hungarians would pay with smartphone instead of bank card
At the end of May Mastercard published the results of a survey, which reveal that two thirds of Hungarians would prefer smartphone payment instead of bank cards. One quarter of respondents...
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From microalgae to recycled paper
A new approach in logistics, renewal in energy use and microalgae technology – these solutions qualified for the final of HEINEKEN Hungária’s sustainability competition for university students, called ‘Throw Away...
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Dutch cheesemakers worry about US tariffs
Two famous Dutch cheeses, Gouda Holland and Edam Holland, are among the many artisanal European products threatened with US tariffs the Trump administration announced on 8 April. For Dutch cheese...
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Light, temperature and decoration
The three things mentioned above are the most important components of a pleasant in-store environment – revealed a survey conducted by financial service provider Liberis, conducted with 1,000 participants in...
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Maximum in-store experience
US premium audio system manufacturer SONOS has a flagship store in Manhattan that offers a really special customer experience. There are seven test rooms in the store, where all kinds...
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POPAI meeting at Coca-Cola
POPAI Association members gathered at the Coca-Cola HBC Magyarország headquarters in Dunaharaszti on 9 May. Csaba Veres, in-store and event activation manager of Coca-Cola HBC was the host, who gave...
Read moreKSH: the Hungarian economy grew by five percent in the first quarter
According to the raw data, Hungary’s gross domestic product (GDP) increased by 5.3 percent. According to the seasonally and calendar effect adjusted and balanced data the Hungarian gross domestic product...
Read moreKSH: agricultural data collecting started in case of individual farms
Agricultural data collection began on Wednesday; the survey, which lasts until June 15, concerns 484 settlements in the country. The aim of the action is to explore the economic activity...
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Green Brands brand marketing
Independent international brand marketing organisation Green Brands started its Hungarian training programme with two ‘Academies’ in April and May. Ákos Kozák, the first speaker at the April event made an...
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FruitVeB: rainy weather was good for horticultural crops
The rainy weather of the past few weeks has been good for outdoor horticultural crops, but rain also increases the risk of infections – FruitVeB explains in its latest report...
Read moreEcfin: growth forecast for Hungary
The European Commission has improved Hungary’s economic growth forecast for 2019 and 2020 in its spring forecast, but warned that there were more and more signs of overheating in the...
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The quality of public catering can be enhanced with high quality ingredients
It is an important goal to prepare healthy and safe foods mainly from local and bio-based ingredients in public catering, which quantitatively and qualitatively meet the physiological needs of the...
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Colorants over limit were found in candy for children
More than permitted quinoline yellow and unlabeled tartrazine dyes were detected by the Slovak authorities in a tongue coloring candy intended for children. The National Food Chain Safety Agency (Nébih)...
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