Market News
Analysts: over four percent growth is expected in 2018
This year, gross domestic product (GDP) in Hungary could increase by 4.2 – 4.6 percent, analysts said after analyzing the second estimate of the Central Statistical Office’s data. Central Statistical...
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The VAT on long-lasting milk will be reduced next year
Next year, the VAT of another basic food, the VAT on long-lasting milk (UHT, ESL) will decrease, which can partly be reflected in retail prices and increase traders’ margins –...
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Nébih imposed a fine of over 25 million forints during the summer seasonal food chain control
During the summer seasonal food chain check, between 1 July and 20 August, the National Food Chain Security Office (Nébih) imposed more than 25 million forints in 303 cases –...
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Magazine: Holidays dipped in chocolate
Even manufacturers were surprised by the sales performance of seasonal confectionery products at the end of 2017. Kitti Végh, brand manager (confectionery) of Nestlé Hungária told that sales of pralines and...
Read moreRetail sales continued to grow
Retail sales in July were 5.4 percent higher than in the previous year. Calendar effect adjusted the growth was 5.3 percent, according to a first estimate released by the Central...
Read moreNielsen: The Hungarian retail is a silver medalist at European level
The Hungarian market for daily consumer goods increased by 7.8 percent in the second quarter of 2018. Hungary’s retail trade, which is far over the European (2.4 percent) average, increased...
Read moreKSH: GDP increased by 4.8 percent in the second quarter
Gross domestic product (GDP) became 0.2 percentage points better than in the previously expected 4.6 percent in the second quarter, compared to the same period last year, according to the...
Read moreITM: the growth of the wealth of households that drives retail
Thanks to the increase in the wealth of households and the increase in retail sales, the increasing revenues stimulate investment – the Deputy Minister of State of the Ministry of...
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More than a ton of unmarked vegetables and fruits have been found by the Tax Office’s staff in Makó
More than a ton of unknown origin vegetables and fruits have been found by tax officials after a trial purchase in a lorry in Makó – the National Tax and...
Read moreGrowth in retail sales accelerated in the Czech Republic
In July, annual growth was up 5.6 percent from June’s 2.2 percent growth in retail sales in the Czech Republic – the Czech Statistical Office (CSÚ) reported in Prague. The...
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Magazine: Indulging Christmas collections
Christmas gift sets are popular because of their price-value ratio, contents, novelty factor and price. According to Kornélia Kómár, Unilever Magyarország Kft.’s junior brand manager, one of the reasons why Unilever...
Read moreFifty billion HUF tender opportunities to increase the value of agricultural products
It is possible to apply for the processing of animal and vegetable raw materials in the autumn, with a total budget of 50 billion HUF – agrarszektor.hu wrote. Among the...
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MNB: turnaround in corporate and retail lending
A turnaround in corporate and retail lending occurred in 2015, after the crisis – Nagy Tamás, head of department of the Hungarian National Bank (MNB) told M1 news channel. He...
Read moreIn August, the Purchasing Manager Index continued to rise
The seasonally adjusted August Value of the Purchasing Manager (PMI) index was 56.2 points higher than the 53.3 points of July. It is the third highest August value since 1995,...
Read moreNagy István: knowledge-based solutions are needed for agriculture
There is a need for knowledge-based solutions and tools to improve competitiveness in order to ensure that Hungarian products continue to find a market, and the industry to be able...
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The Quality Innovation Application for 2018 was announced
The Quality Innovation 2018 Application was announced. Applications can be submitted by September 20 – the Hungarian National Committee of the European Quality Organization (EOQ) told MTI on Tuesday. The...
Read moreRomanian retail sales increased
The volume of Romanian retail sales increased by 6.4 percent in the first seven months of this year, compared to the same period of last year – according to the...
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Brits are consuming healthy foods
Despite the fact that weather did not favor plants, the demand for organic food and beverages from organic farms will not drop, in fact, this year it has reached a...
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The acreage of soy and rape increased in Romania
Over the past five years, the area of oily plants has grown steadily in Romania, which reached one third of all arable land last year. Especially the area of soy...
Read moreAmerican breweries to innovate with marijuana
American breweries and beverage companies are planning to boost their stagnating turnover with marijuana – portfolio.hu wrote. Cannabis can be legally marketed in thirty US states and can be launched...
Read moreGKI: growth is faster than expected, but its pace is slowing down
GKI has raised its forecast for the growth of the Hungarian economy this year to 4.2 percent, but believes that next year economic growth will decrease to close to 3...
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The share of payers with credit cards grew
More than a quarter of card holders are trying to pay with cards in all possible cases, which is an increase of 10 percentage points since the most recent data...
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The Chamber of Agriculture is expecting less than average garlic crop in Hungary
Due to the extreme weather this year, less than average onions and garlic crops are expected in Hungary and throughout the European Union. The production area of the onion decreased...
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The EU supports school fruit, vegetables and milk distribution again this year
The school support program for the promotion of healthy eating habits among children will be able to distribute fruit, vegetables and milk in the educational institutions of the EU Member...
Read moreInsects hungry in the heat
With temperatures going up as the climate warms, the hungry caterpillars could get even hungrier, and more abundant. Crop losses to pests may grow – Világgazdaság Online wrote after Science....
Read moreGerman retail sales declined in July
In July, retail sales in Germany decreased more than expected, based on the Federal Statistical Office’s report. In July, retail sales declined by 0.4 percent, compared to the 0.2 percent...
Read moreSmuggled cigarettes were found on an international train in Záhony
More than four million forints of smuggled cigarettes were found on an international train from Ukraine at the border crossing point of Záhony, the press officer of the National Tax...
Read moreThis year, we ordered products worth about 180 billion HUF from the Internet
In the first half of 2018, online retail sales approached 180 billion forints, almost 25 billion forints (17 percent) over the same period of 2017. Due to the growth constraints...
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Soybeans can also receive reverse VAT
By creating GMO-free feed, the Hungarian food industry can become more competitive, even can reach market leadership and can have market protection role. The long-term goal of the Ministry is...
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Game meat is promoted by the Department of Agriculture
The Ministry of Agriculture is working hard to make game meat more important in mass catering, Bitay Márton said in Soponya at the 12th Game Gastonomy Festival. According to the...
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