Market News
Record speed in the first quarter
In the first quarter of 2019 the Hungarian economy defied expectations and didn’t slow down; on the contrary, it accelerated to reach a record speed. Thanks to this, GKI modified...
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Above-average food price increase in May
Consumer prices were 3.9 percent higher in May 2019 than in May 2018. Food prices jumped 5.6 percent. Seasonal product prices (potatoes, fresh fruits and vegetables) grew by 15.2 percent....
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April produced an 8.5-percent growth in retail sales
In April 2019 like-for-like retail volume sales grew by 8.5 percent; adjusted for calendar effects, the sales growth was 7.1 percent – reported the Central Statistical Office (KSH). Food and...
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The Hungarian purchasing power growth rate was generally higher than the European average
Back in 2006 the per capita purchasing power of Hungarian consumers was EUR 5,462, which grew to EUR 6,654 by 2018 – informs a GfK study. This sum is about...
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Big weekly shop: more people do it online
Online FMCG sales increased by approximately 20 percent and reached the annual value of HUF 41 billion – informed eMAG. This growth rate was the fastest in the net HUF...
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Ecommerce Hungary to introduce a trademark
Seeking to motivate the e-commerce sector for a fair market conduct and to increase consumer trust, Ecommerce Hungary plans to introduce a trademark system, called Ecommerce Hungary Trustmark. The programme...
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Two thirds of Hungarians are looking forward to new innovations in banking services
Mastercard commissioned TNS Kantar with conducting an 11-market survey on Digital Banking, which revealed that 6 from 7 people use a digital banking service at least once a month, and...
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Nearly 5.4 million online shoppers in Hungary
An eNET online survey conducted in April 2019 found that 91 percent of Hungarian internet users, 5.4 million people, already bought something online minimum once in the last 12 months....
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(HU) KERÜLJÖN A CSR ÉLVONALÁBA! – Pályázzon a CSR Hungary Díjra!
Sorry, this entry is only available in HU....
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An opportunity missed
Which is the place where the most decisions are made in a fashion store? In the fitting room! The website Inside Retail Asia published survey results in connection with this topic....
Read moreSzázadvég: economic growth may even reach 5 percent
The Századvég Economic Research Co. has improved its growth expectations, and in favorable cases it is also not excluded that it will approach or even reach the 5 percent growth...
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The melon season starts with a smaller domestic supply
A larger amount of domestic melons are expected to be marketed from 1 July. The watermelon harvest can begin at the end of the week, early next week, so a...
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The agricultural chambers of the Visegrád countries want a simpler common agricultural policy
At the serial meeting of the Agrarian Chambers of the Visegrád Countries, the leaders of the organizations, made clear requests again on the reform of the Common Agricultural Policy (CAP)...
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Another ten companies are joining the Priority Export Partner Program
A further ten Hungarian companies join the priority export partnership program (kepp), in which nine companies are already involved – Szijjártó Péter, Minister of Foreign Affairs said on Monday at...
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Digital revolution in the warehouses
Zsuzsanna Niklós, sales, tender and marketing director of Schenker Kft. told Trade magazin that in line with increasing market and partner demand, they keep widening the range of dry and refrigerated...
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Nébih tightens the conditions of animal transportation due to the extreme heat
The Ministry of Agriculture (AM) has banned the transport of animals in vehicles without air conditioning, and, due to the extraordinary heat forecast, prohibits the re-launch of long-term consignments of...
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NAV schedule
In June-July 2019, the staff of the NAV’s Tax and Customs Directorate of Northern Budapest will monitor the organizers of children’s camps. Tax inspectors examine the regularity of employment and...
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Hungarian companies are building the largest animal vaccine factory in Mongolia
The Hungarian government signed an agreement on a 57 million USD investment in vaccine production in Mongolia, and Eximbank opened a 46 million USD line of credit to help Hungarian...
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The participants of the Tisza Lake PET Cup collected about three tons of waste
In three days, about three tons of waste were collected by the participants of the Tisza Lake PET Cup between Tiszafüred and Kisköré. According to the organizers’ Thursday announcement, this...
Read moreThe ifo German business sentiment index deteriorated in June
The ifo German business sentiment index deteriorated in June for the third month, although proved to be better than expected. According to a survey conducted by ifo Institut – Leibniz-Institut...
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We are worried about how data is stored
A study commissioned recently by SUSE has revealed that traditional data storing strategies of companies are unable to keep up with the speed of data volume growth, and 70 percent...
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Magazine: Hairless skin or well-groomed facial hair?
In the hair removal/shaving category ALVEOLA Kft.’s X-Epil brand offers products to women. Product manager Mariann Varga told our magazin that the company’s sales had grown in both value and...
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GKI: Business expectations fell sharply in June
After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations...
Read moreThe unified food chain is the basis of consumer safety
The elements of the food chain cannot be separated, they can only guarantee the safety of consumers in unity, basing on modern food safety – the Minister of State of...
Read moreThe SME strategy for ITM aims to increase the productivity of domestic SMEs
The main goal of the SME strategy for the innovation portfolio is to provide predictable frameworks for the entire sector, and to enhance the value creation capacity of a company...
Read moreMinister of Agriculture: supports serve the competitiveness of beekeeping production
The approximately 6 billion HUF subsidy serves the sustainability and competitiveness of production of beekeeping that will be provided to the apiary profession in the next three years – Nagy...
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AM: the ice reduction system is effective
The damage data so far prove the effectiveness of the ice-reduction system. The scale of ice damage in agriculture has fallen in magnitudes – Nagy István Minister of Agriculture wrote...
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Hungary establishes a port and logistics base in Trieste
Hungary is establishing a harbor and logistics base in Trieste, so that Hungarian companies exporting overseas can quickly and unhinderedly deliver – the Minister of Foreign Affairs said in Mogyoród...
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