Market News
Improving industrial and construction expectations, deteriorating consumer, commercial and service expectations
The GKI economic sentiment index deteriorated marginally in May. According to the empirical survey conducted by GKI with the support of the EU, this was the result of the deterioration...
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Hungarian purchasing power and demographic variables
In 2017 European purchasing power growth was the 5th biggest in Hungary: up more than 10 percent, it was EUR 655/year/person – revealed data from GfK. The per capita income that...
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A positive environment for the FMCG sector
In the 4th quarter of 2017 the consumer confidence index was at 74 points in Hungary, approaching the 87-point average of the European Union. Like-for-like FMCG sales growth was 8.2 percent,...
Read moreThe agrarian chamber opposes the reduction of CAP funds
The National Chamber of Agriculture (NAK) strongly opposes the European Commission’s announced proposal to reduce the resources of the EU Common Agricultural Policy (CAP) in the future. The Chamber urges...
Read moreNational Chief Veterinary Officer warns of the methods of preventing swine fever
Approximately 10 percent of the country’s pig population can be found in Békés county, so it is of the utmost importance that local farmers to adhere to the protection measures...
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The Irish milk producers retained impetus
Germany has the most dairy cows, but the dairy-farms of the Irish are the most crisis resistant. They survived both the Russian embargo and the milk quotient with unbroken impetus...
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Inflation is slowing down in the euro area and in the EU
The growth in consumer prices slowed in the euro area and in the European Union in April. According to final data published on Wednesday by the European Union’s Statistical Office...
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The foreign trade surplus of the euro area has become smaller than expected
In March, a smaller than expected foreign trade surplus occured, but at the same time, it was much higher than in the previous month. The EU’s statistical office, Eurostat announced...
Read moreSmuggled cigarettes and illegal potency increasing materials were seized in Budapest
The National Tax and Customs Office (NAV) seized smuggled cigarettes and illegal potency increasing pills in Budapest. According to the statement of the National Tax and Customs Office (NAV) sent...
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One Million USD Whiskey at the Auction
A bottle of malt whisky was sold for a record price of 1.1million USD at an auction in Hong Kong. The very rare 1926 Macallan scotch whisky was sold an...
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The biggest investor was the poultry sector last year
The value of agricultural investments, surveyed by the Agricultural Research Institute in 2017 increased by 3.1 percent compared to the figures of the previous year. So there is no big...
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Magazine: Showered with fragrances
The sales growth continued in the shower gel market in 2017, in terms of both value and volume. Zsófia Molnár, skin and hair category manager of Unilever Magyarország Kft. told our magazine...
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The European Commission called on Hungary to discontinue the discriminatory taxation of spirit drinks
The European Commission sent a reasoned opinion to Hungary because, in its view, tax rules on certain distillates favor local products, in which Hungary violates the relevant EU directive. According...
Read moreHungarians are over the world average in Internet use
89 percent of Hungarians older than 16 use Internet every day, while the world average is 86 percent, according to a survey conducted by Google on Wednesday, questioning about 79,000...
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The Agrarian Chamber announced a multiannual development program
The National Chamber of Agriculture (NAK) has prepared a program proposal for the long-term development of the Hungarian agri-food industry, which reviews the sectors from the structural funds, identifies the...
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Hungarian success: one-fifth of aquaculture resources will be for freshwater fish
The budget of the fisheries policy is expected to decrease with four percent in the new fiscal cycle, but the support level for freshwater fish production will increase. Erdős Norbert...
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Magazine: Flavour preservers
Carbonated soft drink sales grew by two-digit numbers in 2017, primarily due to the excellent performance of cola products. Nikoletta Buzder-Lantos, marketing manager of Fővárosi Ásványvíz- és Üdítőipari Zrt. (they are present...
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Too much plastic waste causes problems
Nowadays it is trendy to be ‘green’ in Hungary as well. According to the experts of HWD Recycling Kft., the waste recycling market is affected by China’s decision to make waste...
Read moreNagy István: the key to competitiveness in agriculture is the mitigation of labor shortages
The key to the competitiveness of agriculture and to the development of the sector is the mitigation of labor shortages and the involvement of young people are the key –...
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More than eight thousand confectionery packages for children in need
The Hungarian Food Bank Association fights to reduce food waste during the whole year. May is, however, a highlighting month for food collection, when children are given a particularly important...
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Hungarian CEOs lean towards optimism
For Hungarian companies, Germany remains the most important target for market growth, while Romania has climbed to second place in one year. CEOs are optimistic about the future, despite major...
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Practical for small companies too
Operative leasing is increasingly popular among Hungarian SMEs. Partners of Mercarius Flottakezelő Kft. can benefit from the advisory service of the company when choosing the ideal vehicles and optimising costs. Owner László...
Read moreBusiness atmosphere deteriorated in Germany
Business atmosphere in April deteriorated more than expected in Germany – according to the Munich-based ifo Institute for Economic Research. In April, the Business Mood Index of the ifo Institute...
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Egg shortage in Europe
More than a fifth was needed to pay more for eggs in November, compared to last year – index wrote. According to the most recent inflation figures of the Central...
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(HU) Egyedi megoldások a sertésfogyasztás ösztönzéséért
Sorry, this entry is only available in HU....
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Large companies also contribute to the digitalisation of the SME sector (Part 2)
How can large companies support SMEs in going digital? In the last few years banks also tried to convince customers to start using the latest technological solutions. The many online services...
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Nébih: the case of contaminated dairy products is treated as a threat at the moment
At the moment, the National Food Chain Safety Office (Nébih) has no information whether the milk would be contaminated in certain chains of stores or that anyone would be sick,...
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