Market News
Turkey Association: turkey meat turnover may increase by 20 to 25 percent during the holiday season
Due to the growing demand turkey meat turnover may increase by around 20-25 percent, compared to the rest of the year in December, and the Hungarian Turkey Association expects 35...
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The draft beer is also the mainstream advent
Beer and traditional Hungarian gastronomy will also meet during the advent period. The Association of Hungarian Brewers also looks at the festive season as a beer season. According to industry...
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The best Hungarian wines are ready for the summit
The 116-page Winelovers 100 – The 100 Best Hungarian Wine Magazine was brought to life by the intention to contribute to promote the best Hungarian wines and to help consumers...
Read moreKSH: foreign trade intensified
In October, the export value of goods in euro increased by 6.5, and imports increased by 9.7 percent, compared to the same period of the previous year, according to a...
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We are looking for innovations in the wine market as well
Wine culture is flourishing, but it is also a fact that the wine market is accelerating during the holidays, so the question now is why the wine is placed in...
Read moreThis year, farmers with a subsidized agricultural insurance receive a higher rate of refund
This year, farmers with subsidized agricultural insurance receive a larger share of this year’s refund because the agrarian insurance premium subsidy fund was raised this year, from 4 billion forints...
Read moreFarkas Sándor: the largest gardening development of the last quarter century to take place
Based on the resources available and the support needs submitted, the most significant horticultural development of the last quarter century can take place until the end of the current EU...
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Chamber of Agriculture: the national hail damage mitigation system has redeemed the hopes
The national hail damage mitigation system has redeemed its hopes. Farmers this year reported hail damage on 22.5 thousand hectares, which is 70 percent lower than last year and nearly...
Read moreFood retailing pulled Romanian retail trade
The volume of Romanian retail sales grew by 5.4 percent in the first ten months of this year -according to the Romanian National Statistical Institute. According to the seasonally adjusted...
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Magazine: Modern cuisine, innovation, health trends: SIAL did it again
SIAL Paris took place between 21 and 25 October 2018 and about 150,000 people came to see what 7,200 exhibitors from 109 countries had to offer. The trade fair covered...
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We buy online more frequently
According to the latest data from dunnhumby’s Shopper Thoughts panel, in the last 12 months Hungarians liked to buy the following categories online: consumer electronics (53 percent), the full FMCG...
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FAO: world food prices on a more than two-year low in November
World food prices declined to a more than two-year low in November, mainly due to the decline of oilseeds, dairy products and grain products. The five basic food price indices...
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Efficiency Increasing Direct Consumer achievements in the apple campaign
The Agrármarketing Centrum (AMC) organized the next station of its apple consumption promotional campaign in Békéscsaba. Promoting apple consumption has been part of AMC’s work for years and according to...
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Bisnode: willingness to pay has improved, but the length of delays increased
The proportion of invoiced payment orders grew this year, however, the average length of payment delay increased on the basis of the third quarterly data of the Bisnode Magyarország Kft....
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The MNB warns about the prudent recruitment of consumer loans
The central bank warns of a deliberate recruitment of smaller consumer loans linked to Christmas purchases. Depending on the type of loan and the financial institution offering the loan, the...
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NAIK: the promotion of soy production should be encouraged in the future
Soy production should be encouraged in the future as annual crop yields do not cover the country’s protein demand – Gyuricza Csaba, Director-General of the National Agricultural Research and Innovation...
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Hungarians would work for large Hungarian companies
More stressful work, harder expectations, and despite shortage of staff, most of the bosses still do not care about their employees – the online labor market research of Workforce rental...
Read moreKSH: retail sales continued to grow
In October, the turnover of retail stores increased by 6.6 percent according to the unadjusted raw data, while calendar effect adjusted increased by 5.7 percent, compared to the same period...
Read moreGDP grew 5.2 percent in the third quarter even better than the preliminary data
Gross domestic product (GDP) was 4.9 percent higher than in the same period of the previous year in the third quarter. According to the seasonally and calendar effect adjusted data,...
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116 million tonnes of milk and dairy products are lost worldwide every year
Annually, 116 million tonnes of milk and dairy products, 16 percent of the produced goods, are lost in the world due to throwing it to the garbage, or due to...
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The best small-scale beer in the country is being searched in two categories this year
The Country’s Beer vote was organized by the Beerselection.hu beer shop and the Beerporn.hu beer magazine for the third time in 2018. The two categories of the competition are the...
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NAK helps to find information with food books
The National Chamber of Agriculture (NAK) has launched a series of “Food Industrial Handbooks”, which provides information on the domestic food manufacturers, their knowledge and support the production of quality...
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Growth in retail sales in the euro area
The volume of retail sales in the euro area was somewhat higher than expected in October, compared to the previous month. Eurostat announced on Wednesday that the volume of retail...
Read moreDigitalisation of the economy can give further growth to Central and Eastern Europe
The American McKinsey & Company management consultancy company suggests economic digitization in cooperation for the Central and Eastern European countries to boost their growth. On average, the ten Central and...
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Manufacturers of sweets expect a record annual turnover of over 10 billion forints
Seasonal sweets can be in excess of 10 billion forints in December, and annual candy can sales may increase from last year’s 200 billion forints to 250 billion forints. Still...
Read moreGKI raised its GDP forecast to 4.5 percent this year
After the third quarter’s 4.8 percent increase, which is one of the fastest growth in the EU, GKI has raised its forecast for GDP this year, from 4.2 to 4.5...
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The turnover of Christmas fondants accelerates before Christmas
According to a research commissioned by the Association of Hungarian Confectionery Manufacturers, 86 percent of domestic consumers are planning to buy Christmas fondants – Sánta Sándor, the chairman of the...
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Nagy István: soy production should also be promoted in the future
In the future, the cultivation of genetically modified soybeans (GMO-free) in Hungary should be encouraged, and the strategic aim is to preserve and process domestic yields – Nagy István Minister...
Read moreKSH: the economic weight of SMEs is considerably lower than that their proportion
The economic weight of the small and medium-sized enterprises (SMEs) is considerably smaller than their proportion. While SMEs provided job opportunities to almost two-thirds (65.2 percent) of the employees in...
Read moreMLBKT: slower growth in November
The seasonally adjusted November value of the Purchasing Manager Index (PMI) was 53.5, ie respondents reported more favorable processes than in the previous month, but the pace slowed down. The...
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