Market News
CIB: growth is expected to be around 4 percent this year
This year, CIB Bank analysts report an economic growth may be close to four percent, with inflation below three percent, and loose monetary policy – Trippon Mariann, chief analyst of...
Read moreThe turnover of freight transport is exceeding 2000 billion forints in Hungary
Freight transport contributes with about 6.5 percent to the gross domestic product of Hungary, according to the preliminary data. The turnover of the sector exceeded 2000 billion HUF last year,...
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The European Commission has proposed amending the VAT rules and alcohol tax
The European Commission has proposed a modification of the rules on value added tax (VAT) and the reform of EU rules on excise duties on alcohol – the EU commission...
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Nielsen chart of Month
If they have money left after covering the monthly costs of living, 28 percent of Hungarians save money, 25 percent refurbish their homes and about 20 percent pay back debts...
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Milk campaign reloaded
The Ministry of Agriculture, the Agricultural Marketing Centre (AMC) and the Milk Interbranch Organisation and Dairy Board have started their spring milk campaign: a ‘Milk Truck’ will turn up at...
Read moreDemand towards organic products is growing in Europe
Demand is bigger towards organic products in the richer Western European countries, on the one hand and on the other hand, they are more capable of supporting organic farming, which...
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3.1 billion forints remained available on SZÉP cards until the end of May
After Pentecost, the amount remaining to be spent on the SZÉP cards was still around 3.1 billion forints – the card issuing financial institutions informed MTI. According to the rules,...
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Magazine: Energy is flowing
Energy drinks is one of the most dynamically growing alcohol-free drink segments. Coca-Cola HBC Magyarország Kft.’s commercial excellence leader Gábor Ivády informed us that the young generation knows this category well...
Read moreKSH: the retail data has become even better
The raw volume of retail sales grew by 8.7 percent in March. The calendar effect adjusted volume of retail sales increased by 7.3 percent – mainly due to Easter –...
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Nielsen: Budapest spins on energy drinks
The consumption of essentially popular energy drinks rises with the coming of the exam period and the festival season. The category’s turnover was over 28 billion forints between April 2017...
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The hail damage mitigation system also covers lands beyond the borders
The extension of the national hail damage mitigation system that would also cover fields beyond the borders is under discussion. Nowadays, such demands have been formulated in Transcarpathia and Transylvania,...
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The program for raising financial awareness has started
The preparation of the participating teachers was started for the program. This autumn, a motivational point system developing financial awareness is tested with the involvement of 600 students in five...
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By 2020 all L’Oreal products would be made from renewable raw materials
As one of the leaders in the cosmetics and beauty industry, L’Oréal’s new sustainability program has determined that by 2020 all of the company’s products will be made from renewable...
Read moreAI creates jobs, yet talent crisis remains, according to EY poll
Business leaders are optimistic about the impact of artificial intelligence (AI) on job creation, according to a poll by EY conducted at the EmTech Digital Conference, produced by MIT Technology...
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KSH: earnings grew by 12.4 percent in the first quarter
With the 11.3 percent increase in March, earnings grew by 12.4 percent in the first quarter of this year compared to the same period of last year – the Central...
Read moreThe price of pálinkas may increase by 10 to 20 percent because of the NETA
If the public health product tax (NETA) should also be extended to these products it would increase the consumer prices of pálinka and herbal sparkling liquors by ten to twenty...
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A new fruit processing plant was handed over in Berkenye
A new fruit processing plant was handed over by the Village Cooperative of Berkenye in Nógrád County. MTI Photo: Komka Péter The co-operative has processed 2800 tons of goods last...
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Production of oilseeds is good for Ukraine
The area of sunflower growing in Ukraine is growing steadily, approaching the technologically possible ceiling. However, there is still a potential for growth in yields. The ripening of the rape...
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Nébih closed an illegal pizzeria in Gödöllő
The National Food Chain Security Office (Nébih) closed an illegal pizzeria in Gödöllő, the business was operated without tax number and without permission, without the respect of technical hygiene and...
Read moreChina can be self-sufficient from pork soon
It is not too good news for the German and the Hungarian pig-market players that the number of pigs that are released in China increases by 4-7 million every year...
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Weak fruit production is expected due to spring frosts
The spring frosts mostly damaged the apricot, and it is estimated that due to the significant sprout damages, only relatively weak yields of between 10 and 20,000 tonnes can be...
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Magazine: They dare to innovate
According to the Association of Hungarian Brewers (MSSZ), members sold 2 percent more beer in 2017 than in 2016. Sales of cheap beers kept decreasing and mainstream beer sales grew by...
Read moreVarga Mihály: competitiveness and productivity improvement is the most important task of the coming years
Improving competitiveness and productivity in the coming years is the most important task in Hungary – Varga Mihály appointed Finance Minister told, adding that the competitiveness of the Hungarian small...
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ÁSZ: economy in Hungary is becoming whiter
The sustainable process of whitening the economy is taking place in Hungary – Domokos László, Chairman of the State Audit Office (ÁSZ) told M1 news channel on Tuesday morning. According...
Read moreThe cherry season has begun
Because of the warm spring weather, the harvest of the early cherry types has begun. This year the volume of fruit can reach 20,000 tonnes – the National Chamber of...
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Nearly 100 participants will come to the General Assembly of European Food Banks
Almost 100 participants from thirty countries, including food business leaders, lawmakers, experts and multinational companies, are coming to Budapest for the Annual Meeting of the European Food Banks Federation (FEBA),...
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Most of the Hungarians want a better job
The overwhelming majority of active job seekers still have jobs, but they are constantly monitoring the offers and if they find an attractive opportunity the go for it – tozsdeforum.hu...
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The Food Chain Management fee can be declared without sanctions until the end of May
The food chain operators can declare the Food Chain Management fee until 31 May – the National Food Chain Safety Office (Nébih) draws attention on its website. The announcement reminds...
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The energy sector, construction and hospitality among the most turbulent sectors
“In some sectors, hardly 80 percent of firms operate for a year, indicating that the domestic companies are still far from equilibrium” – Pertics Richárd, Opten’s Corporate Information Director said....
Read moreThe Germans can expect a great malting barley season
The prospects for malting barley in Germany are so positive – agrarszektor.hu wrote. The 28 percent area increase will be coupled with improved yields this year, so a total of...
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