Market News
Magazine: ‘The world has turned upside down’
Ákos Kozák (GfK) about the digitalisation process. Ákos Kozák, managing director of GfK told at a press meeting in March that the shopping habits of Hungarians had started to change...
Read moreThe CIB Bank expects slowing growth and rising inflation by 2019
This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of...
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The wealth of Hungarian households has grown
The wealth of Hungarian households has increased compared to the previous quarter, within which the amount of cash deposits has decreased – origo wrote on the basis of the data...
Read moreProducers in Tolna County have sown maize at a larger area
Producers in Tolna County have sown maize at a larger area, compared to last year. The rainfall in May was good for the spring-sown crops and the development of autumn...
Read moreInternational freight traffic would be directed to a new half ring road
The government initiated the construction of a new half ring road to direct international freight traffic more efficiently, by relieving sections of the M1, M0 and M5 motorways around the...
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Pistachio harvest needs police protection
Sicily is home to the world’s most-prized variety of the seed – the pistacchio verde di Bronte, or green pistachio from Bronte. Centred on the town of Bronte, the pistachio...
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NAV: what will be the fate of the seized products?
The National Tax and Customs Office (NAV) reported in a fresh Facebook post about what is the fate of the seized products – privatbankar.hu wrote. There are several solutions available...
Read moreA tracking system follows the movement of illegal tobacco products
A new EU monitoring system came into force on Monday, recognizing the movement of non-legally produced or illegally introduced tobacco products within the EU by means of a unique identifier...
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Economic growth accelerated in the euro area in the first quarter
Economic growth accelerated in the euro area and in the European Union in January-March, compared to the last quarter of last year. Hungary’s economy increased the most within the Member...
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Why the legal function must be reimagined for the digital age
The EY global survey finds that legal functions must change their operating models to maximize value from digital transformation. The recent EY legal operations survey of 1,058 senior legal practitioners...
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Magazine: A reform era
According to Brigitta Kosaras, brand manager (Maggi) of Nestlé Hungária, in the market of spices and sauces the summer months are better than the rest, and the same is true...
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Nagy István: profit in the food industry almost doubled in five years
The profit of the Hungarian food industry has almost doubled in the past five years, and the high quality Hungarian raw material is an essential part of its success –...
Read moreLondon analysts: domestic consumption offsets the weakening of external demand
According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...
Read moreWe continue to stand up to the tax exemption for home-made pálinka
Hungary still does not support the taxation of home-made pálinka cooking, and at every forum stands for the European Union to allow tax exemption for the production of fruit distillate...
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A new business park is being built in South Buda
The White Star Real Estate is building the new business park called Park22 in 22nd district of the capital. The value of the investment is 15 billion HUF – the...
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AM: Hungary contributes to the development of food security in the developing countries
Hungary contributes to the development of food security in developing countries – Nagy István, Minister of Agriculture said at the joint conference of the Ministry of Agriculture and the United...
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Agrarian digitization can open up new external market prospects
The strategy for career guidance through vocational training and the dissemination of digital solutions also contributes to broadening the gates of new markets to farmers who can use the tools...
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Euro area inflation rose in April to a five-month peak
In April, euro area inflation rose to 1.7 percent, to a five-month peak, on the basis of Eurostat’s final data released by Eurostat on Friday. In April, the annual rate...
Read moreIn the United States, consumer sentiment reached a fifteen years peak in March
With a noticeable improvement, the consumer sentiment in the United States reached a fifteen years peak in May, according to a regular monthly survey of the University of Michigan. According...
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Magazine: We were ahead of our time!
There was full house at the first Hungarian Microsoft – Retail Day conference. On 7 March the representatives of the FMCG, energy, DIY and other sectors gathered to learn about the...
Read moreAnalysts: GDP growth exceeded expectations again
The 5.3 percent growth of gross domestic product (GDP) in the first quarter is higher than theexpectations of the market analysts interviewed by MTI, who expect a gradual slowdown in...
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Nagy István: without the latest technologies the fruit and vegetable sector cannot be successful
We need to give space to the newest technologies in the Hungarian fruit and vegetable sector, because without them it will not be successful – the Minister of Agriculture said...
Read moreErste is working with winemakers
Erste Bank has signed a cooperation agreement with the representatives of the Szekszárd Wine Region for the development of the wine region. At Erste, the financing of agricultural and food...
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NAK: Let’s learn about liqueur making together
The Free Trade Directorate of the Food Industry Directorate of the National Chamber of Agricultural Economics (NAK) continues its free professional program series: in June, the members of the Chamber...
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Obesity is getting worse in Hungary
The rate of obesity among the adult population in Europe is the highest in Hungary, and we rank fourth after the United States, Mexico and New Zealand globally. Obesity is...
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EU goods turnover surplus has fallen compared the United States
The European Union’s trade surplus against the United States declined in the first quarter of this year, but China’s deficit has increased, according to the preliminary data published by the...
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Magazine: ‘It is worth building on Hungarian consumers’
Tamás Éder, social president of the Hungarian Meat Industry Association has told at the traditional pre-Easter press conference in Budapest: what the industry needs is understanding and compassion from retailers...
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Strong customer authentication: great changes in the e-commerce market
The countdown has started: on 14 September strong customer authentication (SCA) rules enter into force in Hungary too. This will make an impact on every player in the e-commerce market. On...
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Online shops: a new No.1
After four years there is a new No.1 among online shops in Hungary: sales data from 2018 show that eMAG is the biggest player now, ahead of the former 1st-placed...
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Two thirds of Hungarians would pay with smartphone instead of bank card
At the end of May Mastercard published the results of a survey, which reveal that two thirds of Hungarians would prefer smartphone payment instead of bank cards. One quarter of respondents...
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