Market News
London analysts: Easter can bring high retail sales
According to London financial analysts, the UK retail trade is expected to see high traffic on the long Easter weekend and the week after. Long-term forecasts, however, continue to be...
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Consumer sentiment deteriorated in the euro area in April
In April, instead of the expected improvement, consumer sentiment in the euro area deteriorated on the basis of a survey published by the European Commission’s Economic and Financial Directorate on...
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FAO chief says trade has a key role to play in providing good quality, safe and healthy food
International trade is a very important tool for tackling hunger but countries must also guarantee that globally traded food is of good quality, safe and healthy, FAO Director-General José Graziano...
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Magazine: When you need a bit of energy
Sales developed well in the cereal product market last year, but the different segments contributed differently to this good performance. Tamás Czepanecz, brand manager of Nestlé Hungária Kft. told: value sales of...
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GKI economic sentiment index fell to its two-year low in April
While in the first quarter of 2019, the GKI economic sentiment index fell only slightly month-over-month, its decline in April exceeded its total drop in the previous three months. Thus...
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84% of companies plan to divest within the next two years
The intent to divest remains at record levels — 84% of companies plan to divest within the next two years, consistent with last year’s record of 87%. Despite uncertainty from...
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Magazine: Brands and risks
GfK has recently published a study that focuses on the risks in brands. For instance in the recent past Coca-Cola was facing the problem of soft drinks being criticised widely for...
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Egg prices are low despite Easter
Within the poultry sector, egg production is the least integrated, so it has the lowest interest-bearing ability, resulting in unusually low prices compared to the Easter period. Experts fear that...
Read moreGrain growers: there can be a major crop loss because of drought
The quality of autumn sowing is diminishing due to drought, and crop losses could be as high as 2-3 million tonnes – the president of the National Association of Cereal...
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The amount of the Hungarian ecological farming tender was raised threefold to 36 billion HUF
According to the most recent decision of the Ministry of Agriculture, the amount of the Hungarian ecological farming tender was raised threefold to 36 billion HUF. In addition, further steps...
Read moreNAK: drought can be avoided with artificial water supply
If the current water scarcity period in agriculture persists for a long time and there is not enough rainfall for a long time, drought can occur, but this can be...
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The EP has adopted a food safety rule
At its plenary session in Strasbourg, the European Parliament adopted new rules to enhance the reliability, transparency and objectivity of the Union’s food safety risk assessment process, so that future...
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The national ice-damage reduction system has become more efficient
It has been developed in several ways, making the national ice-reduction system – launched on Monday – more effective – Darabos Tamás, Director General of the National Agricultural Chamber (NAK)...
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The Consulate General of Milan presents Italian export opportunities in three cities in Hungary
The Consulate General of Milan presents export development presentations on market opportunities in Italy for small and medium-sized enterprises in Győr, Kaposvár and Veszprém between 23 and 26 April 23-26...
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Inflation decreased in the euro area
In March, inflation in the euro area declined year on year, compared to the previous month, while the rate of consumer price increases remained unchanged across the EU – Eurostat...
Read moreRetail sales in the United States increased in March
Retail sales in the United States became better than expected in March – according to a report of the Census Bureau of the Department of Commerce in Washington. In March,...
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The Hungarian candy consumers are increasingly demanding
Over the past year, the value of sold seasonal sweets increased by 10 percent, compared to growth expectations of 2-3 percent. This year, confectioners expect a further increase in the...
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10-11 percent of the annual egg quantity is sold in the weeks before Easter
The average annual consumption of Easter eggs is around 270-280 million pieces, which is 10-11 percent of the annual consumption – the Agricultural Products Secretary of the Poultry Product Council...
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GfK: we spend more on vegetables and fruits
GfK Hungária’s report on consumption of fruit and vegetables has been completed based on a Household Panel Research with the participation of 2000 people and an online survey of 1,000...
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EU support for farmers should be in line with the environmental requirements
The agricultural sector should also contribute to environmental protection and the fight against climate change, but a proper balance needs to be found between the environmental ambition level of the...
Read moreIn one year, Erste grew its loan portfolio to SMEs by 27 percent
The rapid growth of small and medium-sized enterprises (SMEs) continues. The loan portfolio granted to them by Erste Bank grew by 27 percent in one year and exceeded 200 billion...
Read moreAM: high-quality vocational training is the basis for the competitiveness of Hungarian agriculture
In addition to the modernization of agriculture, high-quality vocational training is the basis for the competitiveness of Hungarian agriculture. The Agrár Szakma Sztár (Agri Profession Star) Festival, which promotes the...
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The ZEW German and Euro-zone economic sentiment index is at its one-year peak
The economic sentiment index has risen to the highest level of the past one year in Germany and in the euro area – according to the report of the Mannheim-based...
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Magazine: They check before they spread
Butters, margarines, butter, cheese and sandwich spreads are competing with each other for a place on the dinner table. The two biggest categories are butter and margarine – the average prices...
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AM: less serious violations of the law and less fines in the spring food control
There were fewer serious infringements and the number of fines decreased as well during the seasonal food controls. The quality of the products under control has improved – the Ministry...
Read moreTakarékbank has raised its GDP growth forecast for 2019 and 2020
Takarékbank has raised its GDP growth forecast for 2019 from 4.2 percent to 4.4 percent and raised its GDP growth forecast for 2020 from 3.5 percent to 3.6 percent –...
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Hungarians spent more than 26,000 HUF per head on food at Easter last May
Hungarians spent 4 percent more than the average monthly spending on food and non-alcoholic beverages last month – the Central Statistical Office (KSH) announced on Monday. Of the most popular...
Read moreMKIK is also joining the collection of signatures against the reduction of agricultural subsidies
The Hungarian Chamber of Commerce and Industry (MKIK) joins the National Agrarian Chamber of Commerce (NAK) and the Hungarian Farmers’ Association (Magosz) in the signature collection against the reduction of...
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More than half of the Hungarians pay in cash according to a survey
Cash is still popular in Hungary, as more than half of people pay on a daily basis pay with cash – according to a representative survey of Intrum’s debt management....
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MNB: strong rental and investment demand in the domestic commercial real estate market
Demand for rental and investment in the domestic commercial real estate market is strong, supply can only react to this with delay. Last year the vacancy rate in the market...
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