Market News
Inflation accelerates in Romania
Date: 2019-03-12 11:02:45
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
Date: 2019-03-12 07:51:55
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...
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Analysts: February inflation outperformed expectations
Date: 2019-03-11 11:40:53
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...
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Imports increased at the beginning of the year
Date: 2019-03-11 11:32:58
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
Date: 2019-03-11 11:30:57
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...
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The competitiveness of SMEs have improved
Date: 2019-03-11 11:15:52
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
Date: 2019-03-11 11:11:00
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
Date: 2019-03-11 11:08:55
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
Date: 2019-03-11 11:05:57
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?
Date: 2019-03-11 07:20:59
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?
Date: 2019-03-11 07:04:38
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
Date: 2019-03-10 18:27:24
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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Trust is the most important thing
Date: 2019-03-10 15:27:53
It is true for both Hungary and other countries that online buying is very much influenced by how much shoppers trust online transactions and stores. This trust could be increased...
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Hungarian Ecommerce Summit 2019 to take place in June
Date: 2019-03-10 15:18:08
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?
Date: 2019-03-10 15:18:06
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
Date: 2019-03-10 15:11:07
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
Date: 2019-03-10 15:11:01
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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Procedure against pig diseases developed by Hungarians
Date: 2019-03-10 15:08:00
A diagnostic procedure that was developed by Galen Bio Diagnostic and Biotechnology Kft. from HUF 553.87 million with EU support has been granted HUF 337.44 million from the Széchenyi 2020...
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Government efforts to make horticulture successful
Date: 2019-03-10 14:58:58
Last year vegetables were grown on 3,400 hectares in Hungary: pepper was grown on 1,550 hectares, 370 hectares were used for tomato growing and salads were grown on 350 hectares...
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Priority given to developing the viticulture and winemaking sector
Date: 2019-03-10 14:58:55
Currently there are more than 40,000 people living from grape growing and winemaking in Hungary. The ministry created a HUF 50-billion budget for the food and wine sectors for grants....
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More funding for seasoning pepper growers
Date: 2019-03-10 14:54:35
This year the seasoning pepper sector will receive more than HUF 500 million funding, because the size of the growing area reduced from 10,000 hectares to 1,700 hectares by now....
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New marketplace is now open in Nagykőrös
Date: 2019-03-10 14:21:22
The building of the new marketplace has been completed in Nagykőrös. On 1,000m² there are 31 seller’s stalls in the building that was constructed from a HUF 600-million state funding....
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This year’s ‘Consumer protection manager of the year’ awards were presented
Date: 2019-03-10 14:08:21
On 21 February the award ceremony of the Consumer Protection Manager Association (FORE) was held in the main hall of Benczúr Palace. Nikoletta Keszthelyi, secretary of state at the Ministry...
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Plant-based innovations in the washing and cleaning product category
Date: 2019-03-10 14:08:18
Plant-based washing and cleaning product range Seventh Generation is now available in Hungary too. The products are marketed by Unilever and they contain no synthetic fragrance, colouring, optical bleach, chlorine-based...
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Environmental recognition for L’Oréal
Date: 2019-03-10 13:58:25
Once again L’Oréal has been honoured in Brussels for its actions on climate change, deforestation and water security: CDP gave the company an ‘AAA’ score for the third year in a...
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Record sales and production capacity increase at Szentkirályi-Kékkúti
Date: 2019-03-10 13:17:53
Mineral water company Szentkirályi-Kékkúti Ásványvíz Kft. increased sales by 6 percent in Hungary and in the neighbouring countries last year. Compared with 2017, the company’s sales revenue was up 10...
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ÖRT’s new guide focuses on the environment
Date: 2019-03-10 12:59:58
The Self-regulatory Advertising Board (ÖRT) has collected its recommendations for making advertisements that foster environmental consciousness. Ildikó Fazekas, general secretary of ÖRT told: they haven’t categorised the products, instead they...
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Mobile app for sales reps
Date: 2019-03-10 12:59:51
From the 2nd quarter of the year GfK Performance Pulse will be available for television sets and mobile/smartphones in Hungary too. This digital mobile app can be used to monitor...
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Ideas for greener beer drinking
Date: 2019-03-10 12:50:08
HEINEKEN Hungária has organised a competition called Throw Away the C!: they are waiting for ideas from college and university students about how to cut water use in beer production...
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