Market News
Dietetic: the quarter of children going to school does not have breakfast
A quarter of the kids start off from home without having breakfast, although they sould need to kick off “energies” to be able to think and perform well at school...
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Ten-year record in Argentine beef production
USDA analysts expect that next year as many cattle will be bred in Argentina as in 2009. The weakening of peso against the dollar has made it a great opportunity...
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Investor confidence in the euro area has deteriorated
The eurozone investor confidence index of the Frankfurt-based Sentix Economic Research Institute was deteriorated unexpectedly. According to a survey released on Monday by Sentix, the euro area investor confidence index...
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Magazine: Home baking
According to Eszter Varga, trade marketing and category manager of Dr. Oetker Magyarország Élelmiszer Kft., housewives prefer those baking additives which guarantee success, even if they cost more. These consumers are the...
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The poultry sector should be prepared for the reduction of EU subsidies
The poultry sector survived many crises, but there may be difficulties again, as the EU’s agricultural subsidies are expected to decline from 2021, which we have to be prepared. Farkas...
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Private borrowing to be tightened from October
From October 1, the National Bank of Hungary regulates the percentage of income that a household can spend on repaying a loan. The goal is for more people to choose...
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KSH: showed a two-digit increase in exports and imports in July
In July, exports in euros were 11.4 percent higher than in the previous year and imports increased by 10.6 percent. Foreign trade surplus was 373 million euros, 91 million euros...
Read moreGlobal grain production is weak
According to the UN Food and Agriculture Organization’s (FAO) flash report, the world’s lowest cereal yield of the last three years will be harvested that will lead to a drop...
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Artificial meat against climate change
The emissions of greenhouse gases from agriculture could be spectacularly reduced – experts say, if people would consume meat produced in the laboratory – agrarszektor.hu wrote. A serious portion of...
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Magazine: Candy sales are growing together with the sweets market’s expansion
On 3 July the Association of Hungarian Confectionery Manufacturers reported on the state of play in the candy segment of the confectionery market. President Sándor Sánta and head of the candy...
Read moreRetail sales may grow by around 6 percent this year
Retail sales are expected to grow by around 6.0 percent this year, reaching a year-on-year growth rate of around 6.0 percent, and contributing significantly to the rise in gross domestic...
Read moreAnalysts: over four percent growth is expected in 2018
This year, gross domestic product (GDP) in Hungary could increase by 4.2 – 4.6 percent, analysts said after analyzing the second estimate of the Central Statistical Office’s data. Central Statistical...
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The VAT on long-lasting milk will be reduced next year
Next year, the VAT of another basic food, the VAT on long-lasting milk (UHT, ESL) will decrease, which can partly be reflected in retail prices and increase traders’ margins –...
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Nébih imposed a fine of over 25 million forints during the summer seasonal food chain control
During the summer seasonal food chain check, between 1 July and 20 August, the National Food Chain Security Office (Nébih) imposed more than 25 million forints in 303 cases –...
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Magazine: Holidays dipped in chocolate
Even manufacturers were surprised by the sales performance of seasonal confectionery products at the end of 2017. Kitti Végh, brand manager (confectionery) of Nestlé Hungária told that sales of pralines and...
Read moreRetail sales continued to grow
Retail sales in July were 5.4 percent higher than in the previous year. Calendar effect adjusted the growth was 5.3 percent, according to a first estimate released by the Central...
Read moreNielsen: The Hungarian retail is a silver medalist at European level
The Hungarian market for daily consumer goods increased by 7.8 percent in the second quarter of 2018. Hungary’s retail trade, which is far over the European (2.4 percent) average, increased...
Read moreKSH: GDP increased by 4.8 percent in the second quarter
Gross domestic product (GDP) became 0.2 percentage points better than in the previously expected 4.6 percent in the second quarter, compared to the same period last year, according to the...
Read moreITM: the growth of the wealth of households that drives retail
Thanks to the increase in the wealth of households and the increase in retail sales, the increasing revenues stimulate investment – the Deputy Minister of State of the Ministry of...
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More than a ton of unmarked vegetables and fruits have been found by the Tax Office’s staff in Makó
More than a ton of unknown origin vegetables and fruits have been found by tax officials after a trial purchase in a lorry in Makó – the National Tax and...
Read moreGrowth in retail sales accelerated in the Czech Republic
In July, annual growth was up 5.6 percent from June’s 2.2 percent growth in retail sales in the Czech Republic – the Czech Statistical Office (CSÚ) reported in Prague. The...
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Magazine: Indulging Christmas collections
Christmas gift sets are popular because of their price-value ratio, contents, novelty factor and price. According to Kornélia Kómár, Unilever Magyarország Kft.’s junior brand manager, one of the reasons why Unilever...
Read moreFifty billion HUF tender opportunities to increase the value of agricultural products
It is possible to apply for the processing of animal and vegetable raw materials in the autumn, with a total budget of 50 billion HUF – agrarszektor.hu wrote. Among the...
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MNB: turnaround in corporate and retail lending
A turnaround in corporate and retail lending occurred in 2015, after the crisis – Nagy Tamás, head of department of the Hungarian National Bank (MNB) told M1 news channel. He...
Read moreIn August, the Purchasing Manager Index continued to rise
The seasonally adjusted August Value of the Purchasing Manager (PMI) index was 56.2 points higher than the 53.3 points of July. It is the third highest August value since 1995,...
Read moreNagy István: knowledge-based solutions are needed for agriculture
There is a need for knowledge-based solutions and tools to improve competitiveness in order to ensure that Hungarian products continue to find a market, and the industry to be able...
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The Quality Innovation Application for 2018 was announced
The Quality Innovation 2018 Application was announced. Applications can be submitted by September 20 – the Hungarian National Committee of the European Quality Organization (EOQ) told MTI on Tuesday. The...
Read moreRomanian retail sales increased
The volume of Romanian retail sales increased by 6.4 percent in the first seven months of this year, compared to the same period of last year – according to the...
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Brits are consuming healthy foods
Despite the fact that weather did not favor plants, the demand for organic food and beverages from organic farms will not drop, in fact, this year it has reached a...
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The acreage of soy and rape increased in Romania
Over the past five years, the area of oily plants has grown steadily in Romania, which reached one third of all arable land last year. Especially the area of soy...
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