Market News
Varga: it is a priority is to strengthen competitiveness
The government continues to emphasize its task of effectively helping to strengthen the competitiveness of Hungarian businesses – the Minister of Finance said at a press conference held after the...
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The NAV helps you to comply with the rules from 1 July with a billing software
The National Tax and Customs Office (NAV) helps to comply with the rules from 1 July with a free billing software – NAV informed MTI on Tuesday. The National Tax...
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Carbon dioxide shortage plagues the British economy
There is a growing carbon shortage in Great Britain. Some producers of soft drinks, beer and meat processing companies have already reduced their production. Market participants are urging government intervention...
Read moreEU protective tariff makes US products more expensive
Domestic companies importing American goods do not have to submit any additional declarations or documents, despite the 25 percent EU protective tariff, but have to pay higher customs tariffs during...
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China spent the most on advertising during the World Cup
Though the Chinese national team did not qualify for the World Cup, the Chinese companies pay huge amounts of money on commercials. The event is a great opportunity for the...
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British scientists have developed an anti-aging chocolate
A daily 7.5g bar of the chocolate can change the underlying skin stucture of a 50 year old to that of someone in their 30s, say developers Its makers say...
Read moreIn Bulgaria, they defend against swine fever by shooting wild boars
The mass shootout of wild boars was ordered in Dobric County, North Bulgaria, after having identified the 15 points of African swine fever (ASP) in the neighboring Tulcea County, Romania....
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FAO and UNHCR launch new tool to save forests in displacement-affected areas
he United Nations’ Food and Agriculture Organization (FAO) and Refugee Agency (UNHCR) launched today a new handbook to help restore forests in displacement-affected areas, where heavy reliance on woodfuel puts...
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Artificial meat is here soon
In the United States and the Netherlands, scientists are close to create artificial meat, as evidenced by the fact that the US Congress is already addressing this issue – agrarszektor.hu...
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Magazine: Trust is the most important!
The baby care product category is driving sales with continuous innovation and promotional activities. Dorottya Póder, junior brand manager of Unilever Magyarország Kft. told our magazine that diaper buyers are open...
Read moreGfK: retail sales may increase by 6 percent this year
Retail retail sales can grow by 6 percent this year in Hungary, while in the EU-28, the average growth will be 2.1 percent, according to a study of GfK’s market...
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AMC launched a campaign promoting domestic melons
A campaign to promote the consumption of domestic melons was launched on Monday by the Ministry of Agriculture (AM), the Agrármarketing Centrum (AMC) and the National Chamber of Agriculture (NAK)....
Read moreGMO-free agriculture is a strategic issue
Hungary treats the GMO-free status of agriculture as a strategic issue and acknowledged the importance of gene preservation among the first – the Parliamentary Minister of State of the Ministry...
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Very poor apricot crops are expected
It is possible that we can harvest the poorest apricot crop of the past 10 -15 years this year – Apáti Ferenc, Vice President of the FruitVeB Hungarian Vegetables and...
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Hungarian melons are already available at most chain of stores
Domestically produced melons are available at most of the Hungarian chain of stores, according to market participants. Lidl Magyarország in its communication sent to MTI stated that from last Thursday...
Read moreThe Savings Bank has improved its GDP forecast
Takarékbank’s analysts have slightly increased their forecast for GDP growth this year, from 4.5 percent to 4.6 percent – basically on the basis of boosting investment – Suppan Gergely, senior...
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The NAV follows the turnover of food and drink automats from 1 July
Until 1 July, the companies operating the food and drink automats must install the automated control unit into their machines. In a statement sent to the MTI on Friday, the...
Read moreAgricultural exports to China can be expanded
Agricultural exports to China can be expanded, especially in the exports of high-processed products, – the Parliamentary Minister of State of the Ministry of Agriculture said at the consultation he...
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Magazine: Have a nice meal!
Hungary’s cooking oil market is still dominated by sunflower seed oils. According to Brigitta Kosaras, brand manager of the market leader Bunge Zrt., private label products have been reigning in the...
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GKI’s economic sentiment index reached a new historic peak
GKI’s economic sentiment index reached another peak in June. According to the empirical survey conducted by GKI with the support of the EU, business expectations in June were close to...
Read moreHungary is the fourth cheapest country in the EU
In 2017, Denmark was the most expensive country in the European Union and Bulgaria was the cheapest. Hungary was the fourth cheapest country on the list after Poland, Romania and...
Read moreAnalysts: growth can be higher than expected all year
The growth of Hungary’s GDP in the first quarter was slightly higher than expected. As a result the Takarékbank and ING Bank have already upgraded their growth expectations for the...
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Milk fat grew by more than a quarter in a year
Industry analysts have warned for this trend for months, but they did not even expect such a change. The fat value of milk grew by be 27 percent, while its...
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The FruitVeb and the Budapest Wholesale Market renewed their cooperation
Házi Zoltán, Chief Executive Officer of the Budapest Wholesale Market emphasized the development of infrastructure and the importance of the flow of information at the press conference of the Second...
Read moreThousands of boxes of cigarettes were found in a Serbian smuggler’s car in Zala county
Three thousand boxes of cigarettes were found hidden in Zala county in a Serbian citizen’s car – the press officer of the NAV’s Zala county directorate told MTI. Joó Hilda...
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Magazine: Premium care, widening category
Both the toilet paper and the facial tissue segment realised a one-digit sales growth in value – 2017 was a successful year for brand manufacturers. Among toilet paper products 3-ply, scented...
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KSH: growth in earnings continued to accelerate
In April 2018, the gross average earnings reached 340,600 forints, which is 12.6 percent higher than a year before. In the fourth month of the year, the rise in earnings...
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Hungarians purchase safe Hungarian eggs
Eggs from abroad can carry health risks, so the Hungarian Chicken Hybrids-Breeders and Egg Producers Association recommends to buy Hungarian eggs from controlled production sources. According to the Association’s announcement...
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Labor shortage affects Hungarian vegetable production
The lack of labor force is a growing problem in the fruit and vegetable sector, which can now have a negative impact on the quality of crops as well –...
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Nébih’s latest product test identified markup errors
The Gluten-Free Spaghetti Test of the National Food Chain Safety Office (Nébih) found the 9 controlled products adequate, but initiated regulatory proceedings against the responsible entrepreneurs of 3 products for...
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