Market News
Nébih: German sausage products were recalled
The National Food Chain Safety Authority (Nebih) warns on its website that travelers to Germany, such as to the Munich Beer Festival, and travelers to seven other affected countries should...
Read moreFitch: global economic growth slows this year to a seven-year low
The escalation of the US-China trade war is expected to slow global economic growth to a seven-year low this year and will further weaken next year – according to Fitch...
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The number of known credit card frauds increased twentyfold In the past five years
In the past five years, the number of known credit card fraud cases in the world has increased approximately twentyfold – Hungary’s cyber coordinator told M1 news channel on Thursday....
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Abonett enters the snack market with new sandwiches
This summer Abonett Kft. put four new sandwich products on the market. The Abony-based family enterprise, which specialises in extruded crackerbreads, also gave products a new packaging design and added...
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Magazine: Dimensions of consumer consciousness
In order to protect themselves, consumers don’t like to admit that marketing messages have a great impact on their shopping behaviour. Shoppers tend to describe themselves as conscious buyers, like someone...
Read moreKSH: retail sales continued to increase
According to raw data, calendar effect adjusted retail trade turnover in August was 5.3 percent higher than a year before – the Central Statistical Office (KSH) announced on Thursday. Food...
Read moreThe government is launching a program to promote Hungarian wines
The government is launching a 3.5 billion HUF program to promote Hungarian wines – the Minister of State of the Ministry of Agriculture said in Budaörs on Thursday. Feldman Zsolt...
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The Chamber of Agriculture and the Design Terminal help innovative businesses
It is possible to apply for the NAK Tech Lab Enterprise Development Program, which was announced by Győrffy Balázs, president of the National Chamber of Agriculture and Böszörményi-Nagy Gergely, head...
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AM: employment support in the poultry and pig sector more than doubles
The rate of income support announced to keep qualified workers in the poultry and pig sector increases from 200,000 to 500,000 HUF per employee. This year’s program budget will increase...
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Nielsen: sales of antidepressants increased one and a halffold in domestic retail
The value of antidepressants in Hungary increased by 48 percent in value and by 26 percent in volume between September 2018 and August 2019, according to Nielsen’s data on international...
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A local producer market has been established in Olaszliszka
A local producer market has been established in Olaszliszka. The cost of the investment was nearly 41 million HUF, which was won by the local government in the Regional and...
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Retail sales in the euro area were more favorable than expected
Retail trade growth in the euro area increased more than expected in August, indicating that household consumption will continue to support economic growth. The European Union Bureau of Statistics (Eurostat)...
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Magazine: KPMG: Promotional leaflets are the most useful – for the time being
More and more information is available to shoppers for deciding where to do their shopping. Most of them still opt for traditional shops, but the good old retail channels mustn’t forget...
Read moreFeldman Zsolt: the yield of autumn crops increased by 7-10 percent
Autumn harvested crop yields increased by about 7 to 10 percent, compared to last year, also due to favorable weather conditions Feldman Zsolt – Minister of State of the Ministry...
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Hungarian Advertising Association has launched its Green Planet Initiative
The Hungarian Advertising Association (MRSZ) has launched its Green Planet initiative to promote the transition of the communications industry to sustainable operation – the association told MTI on Tuesday. According...
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KSH: foreign trade turnover increased again in July
In July, exports increased by 8.3 percent in euros, while imports increased by 9.2 percent year-on-year, after a month-on-month decline of 7.3 and 2.3 percent, respectively. The monthly export surplus...
Read moreMLBKT: PMI in September indicates modest growth
The seasonally adjusted September Purchasing Manager Index (PMI) is 51.8 points. The 50 points, or above value is indicating trends better than in the previous month – the Hungarian Logistics...
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AM Minister of State: Hungary plays an active role in the UN’s world food cooperation
Hungary supports the FAO’s objectives, as evidenced with its multi-year cooperation, as well as with ongoing projects and scholarship programs – the parliamentary Minister of State of the Ministry of...
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Hungexpo: arrival to the 21st century
Hungexpo’s revitalization program began in Budapest with the foundation stone laying. Existing pavilions will be renovated and upgraded from net 55 billion HUF until 2021. In addition, two new exhibition...
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The municipality is building a new market in Tata
The municipality will begin building a new market hall from 350 million HUF to help local producers gain access to the market – Tata’s mayor told MTI on Monday. Michl...
Read moreConsumer sentiment in the United States improved in September
According to the monthly survey by the University of Michigan, consumer sentiment in the United States improved in September, indicating that despite increasing uncertainty, consumers are optimistic and continue to...
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Euro-area inflation declined in September
The fall in consumer price increase was lower than expected, mainly due to lower September consumer price growth in the euro area, according to a preliminary report released on Tuesday...
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Magazine: Retail technology in 2040
According to Michelle Evans, head of digital consumer research at Euromonitor International, the digital world has changed things: e-commerce has broken the monopoly of large brands and retailers, making it...
Read moreNagy István: national and EU funds contribute to the competitiveness of the pig sector
Almost 18.9 billion HUF will be available in this year’s budget to support additional animal welfare commitments for pig farmers, which will contribute to the competitiveness of the pig sector...
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The yields of autumn-harvested plants are favorable
Autumn crops have promising good yields, and harvesting has begun on time – the Ministry of Agriculture (MTI) announced on Monday. According to the announcement, the crop area of maize...
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The Rabbit Interbranch Organization and Product Council was acknowledged as an interprofessional organization
The Ministry of Agriculture has acknowledged the Rabbit Interbranch Organization and Product Council as an interprofessional organization. Feldman Zsolt, Minister of State of the Ministry of Agriculture (AM), haded over...
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Employment may peak
Employment may have peaked, and further expansion may be hampered by labor shortages, especially in an uncertain global market environment – analysts told MTI in response to employment and unemployment...
Read moreHigh quality grapes are expected in the Szekszárd wine region
They expect high-quality grapes in the Szekszárd wine region, where the harvest of white grapes is nearing its end, and the yield of some vineyards exceeds last year’s quantity. The...
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Nébih: swine fever infection in dead feral pigs in Pest county
African swine fever (ASF) virus has been detected in five wild boars, found in the fenced-off hunting area of the Budakeszi Forestry – the National Food Chain Safety Authority (Nebih)...
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The economic sentiment in the euro area and in the EU deteriorated in September
More than expected, the economic sentiment in the euro area deteriorated to near its five-year low in September, according to the survey of the European commission. The Economic Sentiment Indicator...
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