Market News
Dairy products drove food prices up
In February the FAO food price index rose by 1.7 percent to reach 167.5 points. The index hasn’t been this high since August 2018, but it is still 2.3 percent lower...
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Hungarian CEOs: The lack of experts is the biggest problem
For the 8th time, PwC Magyarország has interviewed 236 CEOs from 8 industries, in cooperation with the Confederation of Hungarian Employers and Industrialists (MGYOSZ). In comparison with last year, one fifth...
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Russia: the expansion in various channels promises growth
Since the four biggest Russian FMCG retailers are expanding in the direction of new, growing sales channels, their share from the top 20’s sales will reach 74.3 percent by 2020...
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The situation is changing in the East
LZ Retailiytics – a department of Lebensmittel Zeitung – has studied the FMCG market trends of Central and Eastern Europe. They found that the Russian market leader X5 group’s Pjatyorka...
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Retail sales augmented by 5.4 percent
In January 2019 like-for-like retail volume sales augmented by 5.4 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Prices increased by 3.1 percent in February
In February 2019 consumer prices were 3.1 percent higher on average than a year before. In comparison with February 2018, food prices increased by 5.2 percent. Seasonal product prices (potatoes,...
Read moreCereal prices up 14 percent in just one year
In December 2018 agricultural production prices were 5.8 percent higher in comparison with the level of December 2017 – reported the Central Statistical Office (KSH). This situation was the result...
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Half of Hungarians are already buying premium products online
Nearly half of Hungarian consumers are already buying premium products online, and this proportion is getting closer to the 61-percent European and the 69-percent world average. What is more, 15...
Read moreNielsen: Despite the slight slowdown, domestic retail is leading in the region
The slowdown in the European economy’s growth rate has also had an impact in Hungary: the growth rate of the continent’s retail sales declined by an average of -2.1 percent...
Read moreThe Spring Pork Consumption Campaign has been launched
The Spring Pork Consumption Promotion campaign was launched. The Ministry of Agriculture support the campaign from the 440 million HUF framework intended for the marketing of pork. Feldman Zsolt Minister...
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The EP adopted a directive on unfair trading practices
The a large majority of the European Parliament (EP) supported the new EU Directive on unfair trading practices – the EU Parliament announced. At the European Parliament’s plenary session in...
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KSH: foreign trade in services closed year 2018 with a surplus of 8.5 billion euros
Over the past year, 514 billion euros export surplus appeared on services s the result of 25,133 billion euros in exports and 16,619 billion euros in imports, compared to the...
Read moreA production center is being built in Fehérgyarmat
An industrial facility suitable for the reception of production enterprises will be built in Fehérgyarmat, Szabolcs-Szatmár-Bereg County. The largest part of the 950 million HUF investment will be financed by...
Read moreThe number of mini-breweries in the Czech Republic increased last year
In the Czech Republic, the number of mini-breweries increased from 400 to 440, last year – the Czech-Moravian Alliance of mini-breweries announced in Prague. According to the announcement, the growing...
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Over six million deceptive ads were deleted daily by Google
Google deleted 2.3 billion ads last year, more than 6 million per day that violated current policies. in the information sent to MTI on Thursday the company reminds that Google...
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Magazine: Special flavours for special dishes
As cooking is slowly but steadily becoming a source of joy instead of a routine activity, there are more and more cooking ingredients available to consumers. This is also true...
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Minister of Agriculture: the spice paprika industry receives more than 500 million HUF support
Immediate action is needed to preserve the paprika sowing area, so the sector will receive more than 500 million HUF this year – Nagy István, Minister of Agriculture stressed in...
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How much do the Hungarians drink?
The habits and knowledge of domestic consumers regarding fluid intake were studied in national research. The relationship between Hungarian consumers and recommended daily liquid intake is controversial. Although nearly two-thirds...
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According to companies, the export market is more profitable
According to K&H’s corporate growth index, compared to the previous quarter’s low point, domestic companies’ revenue and earnings expectations for the next year have improved significantly, but companies still expect...
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NAK: drone air spraying is currently considered as an illegal activity
Because of the disordered legal environment, drones are currently not allowed to be used for air spraying. The National Chamber of Agriculture, in agreement with the partner organizations, urges the...
Read moreNébih found an illegal pig farm in Pest County
Fifty-five illegally kept pigs were found by the National Food Chain Safety Agency (Nébih) in an Animal Husbandry site in Pest County that repeatedly violated the statutory regulations – told...
Read moreBrexit: probability of a disorderly exit has increased and the entire European economy will suffer
Yesterday, the British House of Commons voted against again to abolish the British EU membership agreement, so MEPs can decide on an unsettled exit. According to the Brexit analysis of...
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GDPR triggers privacy hiring, $3M in average spend; 1 in 5 say they’ll never be complian
Last year, the 2017 Privacy Governance Report welcomed the arrival of the European Union’s General Data Protection Regulation, both the compliance efforts and the corresponding angst over how to accomplish...
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Despite losing speed a little, Hungarian retail sales grew the fastest in the region
The slowdown of the European economy had its effect felt in Hungary too: in the last quarter of 2019 retail sales grew 2.1 percent slower in Europe and 2.7 percent...
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Hungarians feel they are better off financially than before
In Hungary 46 percent of consumers feel they have more money to spend than they had 5 years ago. This proportion is considerably higher than the 37-percent European average –...
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A wide range of government programmes
In 2018 the Hungarian economy grew by 4.9 percent, which was most likely the second fastest growth rate in the European Union, behind Poland. However, economic growth is expected to...
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Hungary imported less and exported more egg
According to the latest market report of the Agricultural Economics Research Institute (AKI), data from the European Commission reveals that the European Union’s egg product import in 2018 grew by...
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Magazine: Ten main trends: What are consumers like in 2019?
Alison Angus, head of lifestyles research and Gina Westbrook, director of lifestyles have prepared the 71-page Euromonitor International ‘Top 10 Global Consumer Trends for 2019’ study. In this they identified...
Read moreAnalysts: investments and consumption increase import growth
The decisive role of investments and consumption in the country’s economic growth, together with its significant import content, led to a more rapid increase of imports, compared to exports in...
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