Market News
OKSZ: families spent nearly 20 thousand billion HUF last year on consumption
Last year, the consumption spendings of families was close to 20,000 billion HUF, while consumption in Hungary pulls the power of the economy to a great extent, and this trend...
Read moreA small proportion of customers understand the terms on the food labels according to a survey
Nearly half of the customers watch the food labels, but barely one tenth fully understands the information contained on them, according to a recent study by the Federation of Responsible...
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World Food Day: new challenges
World Food Day is being organized for the first time on June . One of the most important prerequisites for food safety is the regular laboratory testing of products, but...
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The importance of milk consumption was highlighted at the World Milk Day Festival
On this occasion, the Milk Interprofessional Organization and Product Council held its celebration this year, focusing on education and environmental awareness. Many people do not know how beneficial milk in...
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The Hungarian onion growers will fight with the imports
The harvest of onions has begun in Hungary. Last year’s Hungarian onions have already ran out of stocks already January, but in the coming months, domestic goods will re-enter markets...
Read moreRetail sales increased in the Czech Republic
In April, retail sales in the Czech Republic increased by 6.9 percent year-on-year. In March, this indicator was 4.8 percent – the Czech Statistical Office announced. The statisticians drew attention...
Read moreAnalysts: retail sales remain an important driver of GDP growth throughout the year
Basically, retail sales can continue to grow vigorously throughout the year due to wage outflow, which will remain an important factor for economic growth, as expected by analysts interviewed by...
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Nielsen: We fight against sweating with twenty million deos every year
The value of antiperspirant products in domestic retail sales increased by eight percent between May 2018 and April 2019: Hungarians spent over 13 billion HUF on these products. This means...
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Decathlon and Lumenet are the Internet Traders of the Year in 2019
The Internet Merchant Award of the Year was presented for the 13th time. In the corporate category, the winner became Decathlon, the second prize winner became Konzolvilág, while the third...
Read moreThe Takarék Group expanded its cooperation with the National Association of Grain Producers
The MTB Magyar Takarékszövetkezeti Bank Zrt. and the National Association of Grain Producers (GOSZ) are expanding their cooperation. The purpose of the agreement is to increase the efficiency of cereal...
Read moreSixteen percent reduction occured in the number of bee colonies in the winter of 2017-18, according to an international study
Sixteen percent reduction occured in the number of honey colonies in the winter of 2017-18 according to an international study led by the Strathclyde University of Glasgow. The survey carried...
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The Hungarians are having breakfast by scrolling on their mobile phones alone
Although almost everyone thinks it is important for the family to have breakfast together, and the common breakfast is a good time for a quality time together, in everyday life...
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Retail sales in the euro area fell in April
The euro area retail sales decreased in April, compared to the previous month, as a further sign of the weak domestic demand. The European Union Statistical Office (Eurostat) announced on...
Read moreKSH: retail sales were lively in April
According to raw data, retail trade turnover, was 8.5 percent higher in April, compared to a year before. Calendar effect adjusted, the growth was 7.1 percent, mainly due to the...
Read moreThe Ministry of Agriculture can count on a budget of over 218 billion forints
The Ministry of Agriculture will be able to calculate with a budget of 218.3 billion forints next year, after this year’s 206.2 billion forints – according to the draft budget...
Read moreLess cherry will grow this year
The cherry yield is expected to be 60-70 thousand tons this year, less than last year’s record of 100,000 tons. Demand and prices are increasing due to the lower yields...
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Digital Assistance for Corporate Contracts – The first Hungarian Regtech and Fintech Collaboration has been launched
From now on, the Hungarian and Czech companies can register into the first digital contract and commercial interface of the Visegrád region, the TrustChain Platform. Dr. Romhány Gergely, Managing Director...
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EU Member States recognize the Hungarian biomass initiative
The majority of EU Member States and the European Commission have recognized the importance of the Bioeast initiative launched for a Hungarian proposal to support agricultural research and development and...
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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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