Market News
There are a lot of illegal workers on EU farms
Up to 60 percent of workers are illegally employed in some farms of the European Union – agrarszektor.hu wrote. Because of the seriousness of the case, many experts urges the...
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Magazine: Festival presence
The Coachella music and arts festival in California marks the unofficial start of the festival season. Retail trade sees great opportunities in festival presence and some retailers prepare for these...
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The 2018 FMCG retailer ranking is out now
Trade magazin traditionally publishes its FMCG retailer ranking on the first workday in June. The good sales results of former years improved further last year. Discount supermarkets were very successful,...
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GKI: Hungarian GDP growth peaked in the first quarter
In the first quarter of 2019 the Hungarian economy grew by 5.3 per cent, at a record speed. This rate is by far the fastest in the EU, together with...
Read moreSzázadvég: Hungarian customers prefer domestic products
Hungarian consumers prefer to buy products produced in Hungary, have good opinion about their quality and are willing to pay more for them – Századvég Gazdaságkutató Zrt. revealed in its...
Read moreFruitVeB: Producers can harvest more tomatoes and cucumbers this year
From a smaller production area this year, the producers can harvest 5-10 percent more tomatoes and 5 percent more cucumbers from heated glass and foil houses – FruitVeB predicts. Ledó...
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Magyar Levente: serious and real interest towards Hungarian food products in Canada
Serious and real interest occured towards Hungarian food products in Canada. The Hungarian government is doing everything to make a successful partnership with Canadian companies – Magyar Levente, Minister of...
Read moreThe vine-growers recommend green harvesting
Wine producers are facing huge sales difficulties this year, so they asked the National Council of Mountain Regions to authorize the removal of unripe fruit – for the first time...
Read moreEaster holidays have boosted retail sales in Germany
Retail sales in annual comparision expanded with a much greater extent in April than expected, mainly due to the Easter holidays. According to preliminary data published on Friday by the...
Read moreConsumer sentiment improved less than expected in the United States in May
Consumer sentiment in the United States has improved less than expected in May, according to the regular monthly survey of the Michigan University. According to the final data published on...
Read moreIATA reduced the annual profit prospects for airlines
The International Air Transport Association (IATA) reduced its profit forecast of airlines by the end of the year. The association expects a 28 billion USD profit instead of the previous...
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Magazine: Trends of the past, driving forces of the future
In 1979 Géza Kovács collected possible problems of the future, from the fate of natural resources to social inequalities. Some of these are being dealt with today as well, for...
Read moreZero Advertising Tax, Accommodation Tax Reduction – Here’s the Government’s new action plan
The government announced a significant tax cut in its new economic action plan – penzcentrum.hu wrote. Economic slowdown is expected in the world, and the goal of the Hungarian government...
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The sugar and calorie content of domestic soft drinks almost halved in Hungary
Since 2010, the average sugar and calorie content of soft drinks and fruit juices in Hungary has decreased by 43 percent. According to the voluntary commitment of the Hungarian Mineral...
Read morePig exports jumped
Seven percent fewer cattle, one percent less poultry, and four percent fewer pigs were slaughtered in domestic slaughterhouses in the first quarter of 2019 compared to January-March 2018 – Magyar...
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The rise in earnings was double-digit in March
In March, gross average wages increased by 10.2 percent to 367,000 HUF, compared to a year before – the Central Statistical Office (KSH) announced Thursday. The growth has been double...
Read moreKSH: investment growth accelerated in the first quarter
Investments increased by 26 percent in the first quarter after the 17 percent growth of last year. The strong upswing in investments was primarily driven by the development of enterprises,...
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Analysts: increasing employment face increasing constraints
Unemployment has fallen to nadir, but the pace of decline will continue to slow down as the quality of supply is rather low, only the unskilled labor has been left...
Read moreFeldman Zsolt: the preparedness of the wine-making profession is a good basis for the quality renaissance of champagne
The preparedness of the Hungarian wine and champagne professional community provides a good basis for the continuation of the traditional renaissance of traditional champagne – the Minsiter of State of...
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The car buying habits of Hungarians are significantly changing
The great majority of Hungarians would buy a new car from traditional traders in the coming years, but they attach more and more importance to sales-related services – according to...
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Magazine: Growing importance of modern channels in fruit and vegetable sales
Eszter Kocsis, Nielsen’s retail services senior manager spoke about the results of the company’s fruit and vegetable buying habits survey at the 5th Zsendülés conference in Szeged. She revealed that the...
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The food industry is before the digital revolution
In addition to tourism, construction and logistics, the food industry was also named as an area for the ICT revolution by the Ministry of Innovation and Technology (ITM). Solymár Károly...
Read moreGrowth credit program: at K&H agricultural and food companies are the most active
In the first four months, K&H concluded 17 billion HUF worth NHP fixed loan and leasing contracts with nearly 40 percent already disbursed. The majority of the applicants are rural...
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KSH: the number of employees has increased
In February-April this year, the average number of employees was 4 million 492 thousand, 47 thousand more than a year before. The employment rate of 15-64 year-olds increased with 1.0...
Read moreAgricultural Research Center: precision technologies in agriculture represent hundreds of billions of reserves
The annual output of Hungarian agriculture can be increased by 300-350 billion forints annually (10-15 percent) by using a wide range of precision technologies – Gyuricza Csaba, Director General of...
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Rapidly expanding German market
According to forecasts, by 2021 the German food market will be worth EUR 259 billion as the sector is expanding by 10.5 percent a year. IGD’s analysis has revealed that...
Read moreStrawberries are expensive
Although the strwberry season started well in the middle of April, the cool weather slowed the ripening of the fruit, and the prices are also higher than usual – Világgazdaság...
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FruitVeB: special attention has to be paid to the protection of vegetables and orchards due to the rainy weather
The amount of rain that has fallen in the previous days has been good for both vegetables and fruits, and helped their growth, but the cool and rainy weather favors...
Read moreMazars: the collection of consumption taxes to be tightened in the CEE region
Consumption-type taxes remain the most important, and therefore their collection to be tightened in the Central and Eastern Europe region, and recovery in Hungary is sufficiently effective – Mazars International...
Read moreThe tobacco product tracking system was put into operation before the EU deadline
Hungary fulfilled its EU tobacco product monitoring obligation before the deadline. The ND National Tobacco Trade Nonprofit Zrt. fully implemented the identification and registration of all actors in the sales...
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