Market News
Hungarians feel they are better off financially than before
In Hungary 46 percent of consumers feel they have more money to spend than they had 5 years ago. This proportion is considerably higher than the 37-percent European average –...
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A wide range of government programmes
In 2018 the Hungarian economy grew by 4.9 percent, which was most likely the second fastest growth rate in the European Union, behind Poland. However, economic growth is expected to...
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Hungary imported less and exported more egg
According to the latest market report of the Agricultural Economics Research Institute (AKI), data from the European Commission reveals that the European Union’s egg product import in 2018 grew by...
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Magazine: Ten main trends: What are consumers like in 2019?
Alison Angus, head of lifestyles research and Gina Westbrook, director of lifestyles have prepared the 71-page Euromonitor International ‘Top 10 Global Consumer Trends for 2019’ study. In this they identified...
Read moreAnalysts: investments and consumption increase import growth
The decisive role of investments and consumption in the country’s economic growth, together with its significant import content, led to a more rapid increase of imports, compared to exports in...
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Poultry and pig breeders receive more animal welfare support
The Ministry of Agriculture once again raised animal welfare support for poultry and pig breeders after the 2018 entitlements. The 14.3 billion forints amount reached 2.5 times of the level...
Read moreHungary does not support the taxation of home- made pálinka cooking
The Hungarian government still does not support the taxation of home-made pálinka cooking, and therefore seeks to achieve at the EU to allow the tax exemption of pálinka cooking for...
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Retail loans have made a record
The year started very powerful in the retail credit market, which was expanding dynamically last year – piacesprofit.hu wrote. In January, banks lent personal loans and home loans in a...
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The 2019 Grand Prix Award for Value and Quality was announced
The 2019 Grand Prix Award for Value and Quality was announced. One can apply until 24 may from the entire Carpathian region in more than 100 topics from 39 main...
Read moreNAK: one can apply for next year’s agricultural subsidies from 8 April
Farmers are expected to submit their applications for agri-subsidies for next year from 8 April – Magyar Nemzet Online wrote on the basis of the summary of the National Agricultural...
Read moreGlobal corporate sentiment has fallen to several years nadir, according to Fidelity International
According to the Fidelity International’s annual analyst survey, corporate sentiment index has fallen to the levels of 2016. The corporate sentiment index is made on the basis of corporate confidence,...
Read moreInflation accelerates in Romania
In February, inflation continuead to accelerate in Romania, with 3.83 percent annual inflation after the 3.32 percent in January – the Romanian National Statistical Institute announced on Tuesday. Compared to...
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Magazine: The battle of rabbits is about to begin
While Easter chocolate figure sales grew by 25 percent from 2016 to 2017, in the Easter period of 2018 a sales decline was measured. We learned from Kitti Végh, brand...
Read moreAnalysts: February inflation outperformed expectations
The rise in consumer prices in February surpassed expectations, core inflation and tax-filtered core inflation was well above the 3 percent central bank target. As a result, the Monetary Council...
Read moreImports increased at the beginning of the year
In January, the value of exports in euro rose by 6.4 percent and imports by 9.7 percent, compared to the same period of the previous year. The foreign trade surplus...
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The world’s most expensive wine is from Hungary
How much is too much to pay for a bottle of wine? A newly-released 40,000 USD bottle of a 2008-vintage wine now ranks among the most expensive wines in the...
Read moreThe competitiveness of SMEs have improved
The capacity expansion tenders have significantly improved the competitiveness of the small and medium-sized enterprises, but training and innovation developments were more efficient at larger companies – Világgazdaság Online wrote....
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MNB: food prices have increased consumer prices
The rise in food prices increased inflation in February – the head of department of the National Bank of Hungary (MNB) confirmed it to M1 news channel on Monday. Várhegyi...
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The use of IT solutions in agriculture is a major improvement in efficiency
The application of IT solutions brings tangible improvement in efficiency in most areas of agriculture – piacesprofit.hu quotes the experts from the Meetup of Codecool Programming School. At the Meetup...
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The V4 countries are making huge investments
In cooperation with the European Development Bank, the V4 countries are building a fast rail system that will link Hungary, Slovakia, the Czech Republic and Poland – Világgazdaság Online wrote....
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Magazine: What do we include in our shopping lists?
How can we use shopping data to understand shopper behaviour? Simply – by using dunnhumby’s Shelf Review: this tool monitors how customers are purchasing a certain product category for a...
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Magazine: Which forces will shape food supply chains in 2019?
IGD has identified 4 trends that are likely to shape the food supply chains in 2019. Some trends threaten to prevail but never do, some fly under the radar and...
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To be continued
When members of the Chain Bridge Club met in March, I talked in detail about the changes that the next decade is likely to bring. Futurist and Google’s director of...
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Hungarian Ecommerce Summit 2019 to take place in June
On 4-5 June Ecommerce Hungary will organise its annual conference (which used to be called EKK and has been held 15 times) under a new name, Hungarian Ecommerce Summit 2019....
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Online shopping trends: How to stay in the race?
In March GKI Digital published the sales results of Hungary’s online retail trade sector in 2018: total online sales surpassed HUF 420 billion, which was 17 percent more than in...
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Special meat product developed
From a budget of HUF 630 million Kunhegyes-based Nagykun-Hús Kft. makes pork-based food products that contain elements which help the digestion of food and herbs which improve one’s quality of...
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Farmers spent HUF 175 billion on machines last year
In 2018 Hungarian farmers spent HUF 175 billion on buying machinery, 15 percent more than in 2017 – reported the Agricultural Economics Research Institute. Farmers bought spare parts for another...
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