Market News
Hungarian pork sector in the limelight
The Hungarian Meat Industry Federation (MHSZ) organised a press conference, where president Tamás Éder spoke about the meat industry’s last 12 months. He revealed that the number of pigs decreased by...
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Analysts: the foreign trade surplus in January was higher than expected
The foreign trade surplus in January exceeded the expectations and the surplus will be lower than in the previous year, but the decline will be lower than last year –...
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Another Hungarian food plants can export to Taiwan
Another 8 poultry slaughterhouses and 1 poultry and 2 pig processing plants have been granted the export license from Taiwan’s Veterinary and Phytosanitary Inspection and Quarantine Office (BAPHIQ) – the...
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The EC has established an expert center to improve food quality
The European Commission has set up a knowledge center on fighting food fraud and dealing with food quality. It will begin to operate on Tuesday – the EU commission told...
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NGM: the economic cooperation in the Carpathian Basin should be expanded further
The aim of the government is to develop an economic space in the Carpathian Basin by investing and strengthening business relations that will reach the level of economic integration of...
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Real earnings may rise above 6 percent this year
According to the calculations of the ministry, real earnings may rise above 6 percent this year – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM) responsible...
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The European Commission: most dangerous products reported in the EU come from China
Most of the dangerous products reported in the European Union are coming from so-called third countries, most of them, 53 percent from China, according to a report released on Monday...
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Nielsen chart of the month – Hungary’s retail sales growth was the second biggest in Europe
In Q4 2017 like-for-like retail sales growth was 8.2 percent (in value) in the Hungarian market of food and drug products. In the same period the European average was plus 4.4...
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Running out of industrial and logistic space?
In 2017 617,000m² more industrial space was rented in Hungary, 44 percent more than in the previous year. This means that there is hardly any more industrial and logistic space that...
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The number of jobseekers dropped by 6.9 percent last year
The number of registered jobseekers decreased by 6.9 percent in Hungary in one year, while the National Employment Service (NFSZ) recorded 254 800 jobseekers at the end of 2017, more...
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The campaign to promote Hungarian wines was launched in the United States
The “Year of the Aszú” campaign was launched in the United States, where Hungarian wines, mainly aszú wines will be promoted for a year. The campaign started with a wine...
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More controls bore fruit
Between 2010 and 2017 the level of investment grew by 34 percent in agriculture. In 2014 the VAT on live and half pig was reduced, and one year later beef and...
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When it comes to buying pet food and kitchen towel, Hungarian consumers purchase private label products
n 2017 the market share of private label groceries was up 1 percentage point in Hungary: they had a nearly 29-percent share from the more than HUF 1,700-billion total value....
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Slaughter pig’s price continued to decrease
According to data from the Central Statistical Office (KSH), in January 2018 agricultural production prices were 2.1 percent higher than in the same period of 2017. This rise was the...
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Good start of the year in retail trade
In January 2018 like-for-like retail volume sales augmented by 7.5 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Prices were up 1.9 percent in February
In February 2018 consumer prices were 1.9 percent higher on average than a year before. In comparison with February 2017, food prices increased by 3.9 percent. Egg’s price soared by...
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(HU) KÖSZÖNTJÜK AZ ÉV TERMÉKE DÍJ 2018 NYERTESEIT!
Sorry, this entry is only available in HU....
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Value and Quality Grand Prix: a new trademark in the field of high-quality goods and services
This year, for the first time, the Value and Quality Grand Prix competition was announced in 47 main categories, representing the outstanding quality, based on the Hungarian Product Grand Prize...
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KSH: exports in January reached a double-digit growth again
In January, the value of exports in euros was 10.1 percent higher, while the value of imports was 9.3 percent higher than in the year before, while the foreign trade...
Read moreAnalysts expected higher inflation
Analysts interviewed by MTI expect slow fluctuation rise in prices, due to the lower than expected February inflation and a drop in core inflation. According to a statement issued on...
Read moreThis year will be the year of Kékfrankos
The Ministry of Agriculture (FM) declared this year as the year of Kékfrankos (Gamay) – the head of the ministry announced on Friday in Budapest at the closing event of...
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Nébih found a pest in another foreign potato consignment
The National Food Chain Safety Office (Nébih) found a pest in another foreign potato consignment. The 11.5 tonnes of infected consignments came from Romania and Austria, the agency published on...
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Magazine: Shape and content
The Easter of 2017 was a successful season for chocolate figure manufacturers and sellers. It helped a lot that last year Easter was in mid-April, and growing purchasing power fell in...
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NMHH research: we see hundreds of product placements a day
On average, hundreds of product placements can be seen on TV every day on the national trade channels, according to a survey of the National Media and Communications Authority (NMHH)...
Read moreKSH: prices increased by 1.9 percent in February
In February, consumer prices were on average 1.9 percent higher than in the previous year and 0.2 percent higher than in January – the Central Statistical Office (KSH) reported on...
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The impact of female managers on the Hungarian economy is significant, according to a survey
In Hungary, female managers have a significant impact on the country’s economy in a regional comparisison – according to the survey of Bisnode Hungary published on Wednesday. The business information...
Read moreThe deadline of the application for a plantation investment projects has been extended
The Prime Minister’s Office’s Communication on Wednesday, justified the modification of the deadline with an IT system problem. Instead of 8 March one can apply for irrigation support until 14...
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Magazine: TOP 10 shopper trends in 2018
Euromonitor International has collected those factors that will have the biggest influence on the world’s shopping habits in 2018. The main characteristic of ‘clean-living’ shoppers is that they are trying to...
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Nielsen: Hungarian retail trade turnover is in the forefront in Europe
In the last quarter of 2017, the retail trade in Hungary grew by 8.2 percent, compared with the same period of the previous year, in the Nielsen-measured food and chemical...
Read moreAnalysts: economic growth structure can continue to improve this year
Market analysts expect the continuation of last year’s ongoing processes in the light of the detailed GDP data published on Tuesday. Consumption and investment growth will continue to be the...
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