Market News
nIm – milk in Klingonese
Fozzy Group, one of the biggest food retailers in Ukraine has opened a 1,170m² Star Trek-themed supermarket in Kharkiv. In the store product categories are also indicated in the Klingon...
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Magazine: Blockchain is waiting for retail to discover it
On 16 October the Budapest Chamber of Commerce and Industry (BKIK) organised a conference about the not yet utilised opportunities offered to retail by the blockchain technology. Zoltán Házi, the...
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More young people bought Christmas presents using apps
The latest report by Selectivv has revealed that more and more consumers are using some kind of smartphone app to buy gifts. In the last quarter of 2018 the number...
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How does the introduction of Payment Services Directive 2 in 2019 affect retailers?
The European Union gave a green light to the Payment Services Directive 2 (PSD2) in November 2017, which is basically a collection of regulatory technical standards (RTS) enabling consumers to...
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There is no one to carry out the digital revolution
Digital transformation affects basically the whole Hungarian SME sector, but only a few of these companies can exploit the opportunity created by the digital switchover, because there aren’t enough experts....
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GKI: Real estate market races without braking
n January of 2019, the GKI real estate indices for Budapest and Hungary stood at 9 and 11 points respectively. Budapest index decreased by almost 2, the national index rose...
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Nielsen: manufacturer brands and discount stores are the most popular in retail
Manufacturer brands and discount stores were the most popular participants of retail in 2018, according to the retail survey of Nielsen monitoring 90 food and 80 household chemicals and beauty...
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We are running out of domestic potatoes
According to the Agricultural Economics Research Institute, 192.7 thousand tons of potatoes were produced on 8046 hectares last year. The average yield ranged from 13.4 to 50 tons – Világgazdaság...
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The Ministry of Agriculture is the partner of farmers in the apple issue
The Ministry of Agriculture (AM) wants to be a partner for apple growers to solve the apple market situation, but farmers need to decide how they want to produce in...
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KSH: the number of employed increased in the fourth quarter of last year
In October-December last year, the average number of employees was 4 million 481 thousand, 34 thousand more than a year before. The employment rate of 15-64-year-olds increased by 0.7 percentage...
Read moreMore and more people are cooking pálinka at home
Hundreds of people bought the equipment needed for making home-made pálinka last year, so nearly 24,000 cauldrons have been registered by local authorities in recent years – Magyar Idők wrote....
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Cash-saving program to be started at fifteen schools
With the involvement of fifteen educational institutions, a cash-saving school program will start for students and parents in the semester that is just starting – the Director of Education at...
Read moreGfK’s German consumer sentiment index has improved
Instead of the expected decline, the consumer sentiment index of GfK’s Nürnberg Institute for Economic Research improved in February in Germany, while consumer expectations and willingness to buy increased again,...
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A few pieces of stinking fruit were sold at an amazing price
Some special pieces of the Southeast Asian fruit, the Durian are sold in a hypermarket in an Indonesian city for gold prices. For a single piece, 14 million rupees, 1343...
Read moreUS employment data is over expectations
In contrast to the expected 178,000 people, 213,000 new jobs were created in the US private sector in January – portfolio.hu wrote afrter ADP. In addition to the better-than-expected developments,...
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Magazine: Vegetables perform better than fruits
Vegetables are grown on 83,000-85,000 hectares of land in Hungary, annual production is around 1,900-2,000 thousand tons and this represents a value of HUF 185-190 billion. According to Ferenc Ledó,...
Read moreAM: Hungary is opposed to make wine of inferior quality grape varieties
The European Commission would authorize wine production from decades forbidden vines, but Hungary opposes the proposal; a further 12 EU member states supported the Hungarian initiative to maintain the ban...
Read moreNagy István: reduction in rural development funds is unacceptable
The European Commission’s proposal to reduce Hungary’s rural development resources after 2021 by more than 26 percent is unacceptable – Nagy István, Minister of Agriculture said at the Agriculture and...
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The cultivation of GMO-free protein crop should be promoted due to the reduction of EU soy import dependency
The cultivation of GMO-free protein crop should be promoted due to the reduction of EU soy import dependency Hungary continues to be committed to genetically modified food (GMO) -free food...
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Nébih: the second installment of the food chain supervision fee should be paid by 31 January
The second installment of the 2018 food chain supervision fee should be paid by 31 January – the National Food Chain Safety Agency (Nébih) draws attention. The Authority recalled in...
Read moreThey want to roast the perfect coffee in outer space
Anders Cavallini and Hatem Alkhafaji, two entrepreneurs want to use rocket technology to roast the coffee. They plan to launch their coffee roasting capsules next year to space. The capsule...
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The EC has authorized the use of American soybeans as biofuels
The European Commission has authorized the use of American soybeans as biofuels on Tuesday, which will certainly increase the volume of imports from the United States. Authorization was granted until...
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The product board would help the consumption of poultry meat with a marketing campaign
Hungary’s poultry exports increased by twenty percent, compared to last year’s same period – Magyar Hírlap wrote. Csorbai Attila, Director of the Poultry Product Council, said that it would also...
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Large companies start the year with confidence
Companies are optimistic about 2019 – this is shown by the K&H corporate growth index, which has broken the downward trend of the past year and is now standing at...
Read morePork export can be restarted to Singapore
Due to African swine fever cases, the full delivery was interrupted, but thanks to the new agreement, only infected areas are now banned – mfor.hu wrote. Thanks to an agreement...
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The Hungarian Post handled a record number of packages
Last year, Magyar Posta handled over 41 million packages, of which 30 percent in the fourth quarter. Since the commitments made before the holidays were fulfilled, the number of complaints...
Read moreUncertainty on the cereal market
The price of vegetable oils and milk fats decreased in the past two to three months, while grain prices are stagnant, after last year’s growth, and the price depends on...
Read moreThe key to Hungarian competitiveness is better innovation performance
The key to Hungarian competitiveness is better innovation performance – Palkovics László, Minister of Innovation and Technology said in Budapest. At the signing of the strategic cooperation between Magyar Telekom...
Read moreRetail alliance: Brexit without agreement may cause food shortages and price increases
The British Retail Federation (BRC) said it could lead to food shortages and price increases if Britain would exit the European Union without agreement. In a Monday letter from the...
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Russia’s caviar production increased with seventy percent
Russia has increased its red and black caviar production last year – mfor.hu wrote. According to the Russian statistical office, in 2018, 22.2 thousand tons of red salmon caviars were...
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