Market News
How the world’s largest family businesses are responding to the Transformative Age
The 2019 EY and University of St Gallen Global Family Business Index provides significant insights into the world’s largest family-owned businesses, ranked by revenues. This year we see little change...
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The towel is as clean as the toilet room
Probably this is what we could say about the results of the survey conducted by Chicago-based Culinary Visions and published in March. One of their most important findings is that...
Read moreFebruary was a good month in retail trade
In February 2019 like-for-like retail volume sales (combined sales of physical stores, mail order companies and online shops) augmented by 8.4 percent – adjusted for calendar effects – reported the...
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3.7 per cent price increase in March
According data from the Central Statistical Office (KSH), consumer prices were 3.7 percent higher in March 2019 than in March 2018. Food prices jumped 5.4 percent. Seasonal product prices (potatoes,...
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GKI forecast: inflation speeding up, domestic use slowing down
At a press conference held on 27 March, GKI presented its first economic forecast for 2019. GKI foresees a 3.5-percent ecomomic growth, which will be generated by domestic use –...
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Cheaper eggs
According to the latest market report of the Agricultural Economics Research Institute (AKI), Hungary’s live cattle export grew by 6 percent in the first month of 2019 (in comparison with...
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Robots on the street
After a test run in May 2018, Co-op launched its home delivery by robots service in Milton Keynes (United Kingdom) in April 2019. The robots – manufactured by Starship Technologies...
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Meat Association: The meat industry grew by more than 8 percent last year
Thanks to the growth of the poultry sector, the performance of the meat sector increased by more than 8 percent last year – Éder Tamás, president of the Hungarian Association...
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Nagy István: the aim is to reach seven million animals in the rabbit sector
The Ministry of Agriculture (AM) and the Rabbit Product Board aim to bring domestic producers to 7 million animals by 2022 compared to the current 4-4.5 million rabbits – the...
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ITM: Consumer Controllers pay special attention to products related to Easter
For the government, the safety of families is particularly important – Kara Ákos, Minister of State of the Ministry of Innovation and Technology (ITM) emphasized on Wednesday at the press...
Read moreThe IMF improved this year’s and next year’s Hungarian GDP growth forecast
The International Monetary Fund (IMF) in its spring global economic forecast improved this year’s and next year’s Hungarian GDP growth forecast. The Hungarian economy may grow by 3.6 percent this...
Read moreMagosz: 30 percent of the grain can be the lost due to the drought
Due to drought, 30 percent of the cereal grains could be wasted – Jakab István, president of the Association of Hungarian Farmers (Magosz) told M1 news channel on Wednesday. The...
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Agricultural advisers assist in submitting uniform applications
The period for submitting uniform applications has begun: The agricultural advisers assist in submitting uniform applications free of charge – the National Agricultural Chamber (NAK) informed in a communication. NAK...
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How to keep your customers?
Market data from 2018 reveal that the growth in the number of online shoppers is slowing down in Hungary. Consequently, online retailers value returning shoppers more and more. Well-working call...
Read moreLast year, the Romanian beer market grew by 3 percent
Last year, the Romanian beer market grew by 3 percent. The population consumed 16.6 million hectoliters of beer – the Romanian Association of Beer Manufacturers announced. This means 85 liters...
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What you need to know about instant payment
On 1 July 2019 the instant payment system will be launched in Hungary, by using which recipients get the money after bank transfers in 5 seconds on any day of...
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Profitmaximalizálás automatizációval
Az nem kérdés, hogy a kereskedők számára a jó árképzés legalább olyan fontos, mint például a célzott vásárlói réteg igényét kielégítő termékválaszték kialakítása. Egy bizonyos termékelemszám felett azonban pusztán hagyományos...
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Special funding for irrigation development
This year the development of the country’s irrigation system continues with preparations for 7 projects. The government earmarked HUF 594 million for these tasks. Main goals include the promotion of...
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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...
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