Market News
GMO-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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The regulation of units without automatic monitoring unit can be changed
On the basis of the rules currently in force, units that can not be connected to the AFE system can not be operated after 30 June 2018. The National Chamber...
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Consumer sentiment in the euro area and in the EU also fell in June
Consumer confidence in the euro area and in the European Union has also deteriorated in June, according to a preliminary estimate published by the European Commission on Thursday. The consumer...
Read moreIrrigation would cost hundreds of billions, but it would generate serious extra income
A 180-page study was conducted by the Agricultural Research Institute on the development of irrigation. Researchers took into account the water needs of plants, soil conditions and water resources, and...
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Last year was a good one for wholesalers too
In 2017 not only retailers had a good year, but also the wholesalers that serve both the retail and the Horeca segments. Wholesalers sold products for HUF 1,000-1,200 billion to Horeca...
Read moreKSH: the growth of retail sales continues
Retail sales, calculated on unchanged price increased by 4.3 percent in April, compared to the data of a year before. Seasonally adjusted retail sales – mainly due to the Easter...
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The Ministry of Finance proposes decreasing milk VAT and increasing public health product tax
The Ministry of Finance has submitted its bill on tax changes for next year – Varga Mihály Finance Minister informs. In line with the government’s goal of charging the most...
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Mastercard: mobile payment is becoming more and more popular in Hungary
Mobile payment in Hungary is becoming more and more popular: Hungarian cardholders have been using mobile phones for one-touch payments much more times than in the first five months of...
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Hungary continues to expand its agricultural relations with Africa
Research and business cooperation, as well as the existing forms of knowledge transfer can provide a solid foundation for the further development of Hungarian-African agricultural relations – Farkas Sándor, Minister...
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Luxembourg is the richest, Bulgaria is the poorest country in the EU
Although somewhat reduced, there is still a huge difference between the richest and poorest countries in the European Union, between Luxembourg and Bulgaria. In terms of purchasing power parity, the...
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Large number of cafeteria benefits expected from Hungarian SMEs
Seven from ten SMEs plan to give their employees some kind of cafeteria benefit and this is a very big increase from the level measured a year ago – revealed...
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Hungarian retail trade maintains momentum
Like-for-like retail sales of food and drug products were up 8.3 percent in the first quarter of 2018 in Hungary. In the same period the average FMCG sales growth was only...
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Large companies are starting to get in the investment mood
According to K&H’s corporate growth index, 54 percent of Hungarian companies – non-state-owned firms with annual sales revenue above HUF 2 billion – are planning to realise some kind of...
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