Market News
Exciting digital payment solution from Hungary
A QR code based digital payment service that can manage various currencies, called BlockBenPay, was named one of the top 10 most exciting digital payment solutions at FinTechShow. BlockBen managing...
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A chance for the best to earn recognition!
Trademarks can do a lot in calling the attention to what is good, what is above the average. The Value and Quality Award Trademark’s objective is to reward the high...
Read moreThe background of stress-eating
Do you find yourself racing to the pantry when you’re feeling down or otherwise upset? Finding comfort in food is common, and it’s part of a practice called emotional eating....
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A quality coffee experience
The ‘slow food’ movement has already reached Hungary too. As part of this, more and more people return to whole bean coffee, which offers a much better coffee experience. Douwe...
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Magazine: Self-rewarding and chocolate bars
In spite of rising ingredient prices and the public health product tax (NETA), the chocolate bar market is doing well. The reason of this is the increase in Hungarians’ purchasing power...
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The chain of stores expect strong Easter traffic
The supermarket chains expect to see even stronger Easter traffic than last year; Customers continue to buy much more than average from hams, eggs, cakes and sweets, but demand is...
Read moreConsumer prices are climbing higher and higher
In March, consumer prices were on average 3.7 percent higher than a year before – the Central Statistical Office (KSH) announced. Analysts expected 3.5 percent after February’s 3.1 percent. Excluding...
Read moreThis year, farmers can apply for 470 billion HUF
This year, farmers will be able to apply for 470 billion forints on fifty titles – the Minister of State of the Ministry of Agriculture told M1 news channel on...
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The Frutti and Veggi also encourage children and families to consume fruit and vegetables this year
Most families with children consume little vegetables and fruits. Frutti and Veggi, two mascot figurines of the European Fresh Adventures, are returning this year to fight for a healthy diet...
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Between 2014 and the end of 2017, MNB’s net wealth of households increased significantly
Households’ net wealth increased significantly between 2014 and the end of 2017, while price increases over this period were around 5 percent. The sector’s net wealth grew by 44 percent....
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The digitalization survey of food industry enterprises was started with the cooperation of NAK
The National Agricultural Chamber (NAK), the Agricultural Economics Research Institute (AKI) and the University of Debrecen’s Ihrig Károly Doctoral School of Management and Organization Sciences are preparing a survey on...
Read moreITM: The Hungarian multi-program encourages the development of the most promising enterprises
A project called Magyar multi program (Hungarian multi-program) was launched to support the development of small and medium-sized enterprises – the Minister of State of the Ministry of Innovation and...
Read moreA record amount of beer was brewed in the Czech Republic last year
A record 21.3 million hectoliters of beer were brewed last year in the Czech Republic, which is a 4.7 percent annual growth, after the previous year’s decline – the Association...
Read moreThe EU is threatened with the imposition of eleven billion USD duties
Washington intends to charge 11 billion USD on EU products if the EU does not stop to support the Airbus aircraft manufacturer – Robert Lighthizer, United States Chief Trade Negotiator...
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From 5 April, Tesco delivers to another 50,000 households
From 5 April, the inhabitants of Pécs, Pécsvárad, Szentlőrinc, Komló, Hosszúhetény and some settlements in East Pécs can now conveniently shop, either on the Tesco website or on their smartphone....
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Penny Awarded For Measures Against Food Waste
Discount supermarket chain Penny has been awarded the ‘Zu gut für die Tonne!’ (Too good for the bin!) prize for implementing measures to reduce food waste.The award was given by...
Read moreCereal growers: due to the weekend rain one can already sow in Transdanubia
It is already possible to sow in Transdanubia due to the weekend rainfall, but the lack of rainfall in the Great Plain hinders spring field work – the Chairman of...
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Minister of Agriculture: the Agri Széchenyi Card gives agricultural enterprises security
The Agri Széchenyi Card (ASZK) overdraft provides sufficient security for agricultural businesses – Nagy István, Minister of Agriculture stressed at a press conference on Monday in Budapest. He noted that...
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Foreign trade surplus increased to 891 million euros in February
In February, the value of exports in euros increased by 6.9 percent and the value of imports in euros increased by 7.0 percent year-on-year. The surplus of foreign trade in...
Read moreEighty-eight million forints worth smuggled cigarettes were found in a truck near Záhony
About eighty eight million forints worth smuggled cigarettes were found by the financiers of the National Tax and Customs Administration (NAV) in a truck at the Hungarian-Ukrainian border post at...
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The Sentix Euro Zone Business Sentiment Index improved in April
The business sentiment index of the Frankfurt-based Sentix GmbH for the euro area became better than expected. On Monday, Sentix announced that its April Euro Zone Business Sentiment Index decreased...
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Vion scores high on animal welfare management and transparency
Dutch-headquartered meat processing giant has risen to level 2 on the international Business Benchmark on Farm Animal Welfare (BBFAW). This ranking list analyzes the 150 largest food companies in the...
Read moreEU: climate change, urbanization and the demographic crisis are among the main global megatrends
The challenges posed by climate change, urbanization and the demographic crisis are among the most important global megatrends, which will inevitably and greatly affect the functioning of the world by...
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FruitVeB: drought adversely affects the fruit and vegetable production areas
Drought has a negative impact on the fruit and vegetable production areas. Currently 120-160 millimeter rainfall is needed in the soil – Ledó Ferenc, President of the FruitVeB Inter-Professional Organization...
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ITM: Hungary is the third in Europe in the elimination of dangerous products
Hungary is at the forefront in the elimination of unsafe products because, thanks to its active consumer protection presence, last year it sent the third highest number of alerts to...
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The new vintage of REDy was introduced
The youthful, light, smiling community wine of the Villány wine region launched last year, conquered consumers with its first vintage, and were sold out months ago at most of the...
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AM: the overwhelming majority of Hungarian poultry is kept well
The vast majority of Hungarian poultry is kept well, because most farmers keep animals in better condition than required by the regulations – the Minister of State of the Ministry...
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Duck and goose meat can be shipped to China again
The Chinese customs authority again authorizes imports of duck and goose meat products from Hungary, which was not possible since 2015 due to a ban on avian influenza in the...
Read moreOpten: the number of company foundations is on a five-year peak
More than 7,600 new companies were launched in Hungary in the first quarter – this has been the highest since the beginning of 2014, but the number of company cancellations...
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