Market News
AM: the Industry 4.0 can contribute to the development of agriculture and the food industry
The solutions of Industry 4.0 can contribute to the development of agriculture and related processing industries significantly. The government’s aim is to help and accelerate this process thereby enhancing the...
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Cheese dishes book on the world of Hungarian cheeses
The Cheese Dishes – From Pasture to Plate book of Segal Viktor and Sándor Tamás reviews the world of Hungarian cheeses. The book that will be published these days will...
Read moreThis year’s grain production exceeded 30 million tonnes in Romania
In Romania, this year’s grain production exceeded 30 million tonnes after last year’s 27 million tonnes – the Romanian Agriculture Minister Petre Daea announced on Monday. The minister said that...
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Accenture survey: this year, the Y generation is spending the most money on Christmas shopping
According to Accenture’s survey, this year US buyers will spend more on Christmas shopping than last year during, and the Millennium (Y generation) will spend the most. The members of...
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Magazine: Shopping mall ban – Part 2: the decree modification permit
In early 2015 the so-called ‘Shopping Mall Ban’ law entered into force: according to this, retail trade units with a floor space above 400m² can only be built, converted or...
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GKI: growth is fast but inflation is also fast
After a GDP growth rate of 4.8 per cent in the third quarter, which was one of the fastest rate in the EU, GKI, similarly to other forecasters, raised its...
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Nielsen: sales of e-shopping grew by 15 percent globally
Online sales of packaged and fresh goods have increased globally by 15 percent over the past two years. As consumers’ confidence in the online shopping ecosystem increases, the range of...
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Hungarian products were popular among families with small children
The PromoBox and the MAGYAR TERMÉK Nonprofit Kft. sent information packages promoting Hungarian products to the families of 75 thousand newborn babies. Ten Hungarian Product Trademark Users participated in the...
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The digitalisation of the financial sector can significantly reduce cash use
The digitization of the financial sector can significantly reduce the use of cash. In Hungary, cash in circulation is 15 percent of the GDP and the cost of cash is...
Read moreGerman retail trade became better than expected
The German retail trade data was much better in October than the expectitons of analysts. German Federal Statistical Office (Destatis) announced on Friday that there was a 5 percent increase...
Read moreUnlimited online shopping to be possible
On 3 December, the EU regulation will come into force throughout the European Union (EU), which eliminates unjustified territorial restrictions on electronic commerce. Andrus Ansip, European Commissioner for the Digital...
Read moreAnother case of swine fever has been reported in Romania
The Romanian Veterinary Authority has detected the virus of African swine fever (ASF) in one of the domestic pig farms in the village of Hegyközkovácsi in Romania. A part of...
Read moreEuler Hermes: competition is getting more and more intensive for retailers
Growth in domestic retail trade is further intensifying. In addition to food, Hungarians spend more and more on other consumer goods. However, the increasing cycle of retail sales is approaching...
Read moreKSH: increase in investments accelerated in the third quarter
In the third quarter, the volume of investments was 22.1 percent higher, compared to the previous year, and after the 15.3 percent increase of the second quarter. Growth is driven...
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Half of the Hungarians carry out Christmas shopping via mobile phones
Shopping via mobile phones is at least as casual as the traditional way to shop in a store. In Europe, about 80 percent of the population are ordering products from...
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The Circular Economy Platform was established in Hungary
On 29 November 2018, the Hungarian Circular Economy Platform was established officially as the initiative of the Hungarian Business Council for Sustainable Development (BCSDH), the Dutch Embassy and the Ministry...
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The proportion of conscious food buyers in Hungary is low
The proportion of truly conscious buyers who consider product value such as premium quality, Hungarian origin, fair trade and packaging more important than price is low in Hungary is low,...
Read moreKSH: more than half of the EU citizens purchased online last year
An average of 57 percent of the population of the European Union ordered goods via the Internet last year. The proportion of online buyers is much higher in the UK...
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KSH: the number of employees increased over 4.5 million
During the three-month period from August to October, the average number of employees was 4 million 502 thousand, 57 thousand more than a year before. The employment rate of people...
Read moreEY: the majority of managers expects the further growth of the economy
Business leaders are more optimistic about the future of the Hungarian economy: 66 percent of them report growth and only 5 percent expect a decline. Respondents are also positive about...
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Great changes to come in the use of EU funds
It will be a serious challenge for the Member States to assess the use of resources in the EU budget cycle of 2021-2027. It may be necessary to plan twice...
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Spruce prices may grow by more than 20 percent this year
The price of the spruce grown in Hungary may grow by 20-25 percent, or by even 30 percent, this year, and could reach 3200 forints per meter, due to the...
Read moreThe sentiment of German consumers is at an annual low
The consumer mood index of the German GfK market research institute fell to its lowest point in December. The German consumer mood index of GfK (Gesellschaft für Konsumforschung) declined to...
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Chinese love Durian
The most unpleasant odor, the spiky Durian is Malaysia’s latest big hit. Though many people sicken of that fruit, Chinese love it. They add it to chips, pizzas, salads and...
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The world’s largest cattle can be found in Australia
The seven-year-old Knickers is 194 centimeters high and weights 1400 kilogrammes. It is twice as big as other cattle – origo wrote. Source: 7news Central Queensland How Knickers could grow...
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A confectionery factory was closed by Nébih in Budapest
The National Food Chain Safety Office (Nébih) closed a confectionery factory in Budapest due to severe food safety deficiencies. The authorities announced on Wednesday that the inspectors had encountered terrible...
Read moreRetail sales grew by 5.2 percent in the first three quarters of the year in Romania
In Romania, the volume of retail sales grew by 5.2 percent in the first nine months of this year, compared to the same period of last year, according to the...
Read moreITM: retail sales continued to grow
Growth in retail sales was due primarily to the increase in sales in mixed, non-food stores and due to the growth in retail fuel sales – Pomázi Gyula, the Deputy...
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Get it! – Consume fish all year long!
The Agrármarketing Centrum (AMC) held a press conference on 27 November, on the Get it! fish consumption promotional campaign. The campaign is implemented under the Hungarian Fisheries Managemen Operational Program...
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