Market News
Magazine: The ‘past 8 years’ and the ‘8 years which have almost passed’
Between 2002 and 2016 the consumption level of Hungarian households increased by 14 percent – reported GKI Economic Research Zrt. This was the slowest growth rate if the Visegrád Four...
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Drought prediction system to be launched soon
From mid-April the national drought prediction system is operational. The General Directorate of Water Management (OVF) runs the system that aims at preventing damages in agricultural production caused by extremely dry...
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Nielsen chart of the month
Market share (in value) of the Top 10 best-selling household chemicals and cosmetics across the regions, from the 90 categories audited by Nielsen, in the February 2017 and January 2018 period...
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The European Commission has proposed the strengthening of EU consumer rights
The European Commission has submitted a package of measures to strengthen European consumer rights – the EU commission said. As it has been said, despite the strict consumer protection rules,...
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Protein Program: 6 reasonable moves to spend 8 billion forints
Almost everyone has heard about the National Protein Feed Program in the sector, and in the days it was also found that the framework for the “five-year plan” approaches nearly...
Read moreThe volume of bottled wines may increase in the Szekszárd wine region
With the support of the Rural Development Program (VP), the wineries of the Szekszárd wine region will implemend a nearly two and a half billion forints worth development, with investments...
Read moreThe US consumer sentiment has deteriorated
The US consumer mood index in April deteriorated more than the analysts expected, according to the regular monthly survey of the Michigan University, whose preliminary results were announced. The consumer...
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Vegetable experiment in Antarctica
Antarctica’s nonstop winters make it impossible to grow food outdoors. Fruits and vegetables are instead shipped long distances from overseas, just a few times per year -businessinsider.com wrote. But in...
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The aquaculture industry was developed from nearly 1.5 billion forints
The consortium led by the Kiskunlacház-based ÖKO 2000 Kft. implemented almost half a billion forints development in the aquaculture sector of the Hungarian fisheries sector. As the result of the...
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The Brazilian meat scandal continues
Seven Brazilian meat and poultry companies can be removed from the list of authorized EU suppliers in the near future due to the meat scandal in South America. The Brazilian...
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Magazine: Confident deodorant market, widening product selection
In 2017 sales kept growing in the deodorant category. Brand manufacturers reported a single-digit sales growth in both value and volume. Noémi Patai, junior brand manager of Unilever Magyarország told our magazine...
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National hailstorm protection system operational from May
NAK organised a press conference in Dunaharaszti to introduce how the national hailstorm protection system works. The system will be operational from 1 May 2018. NAK president Balázs Győrffy told: in the...
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Agricultural producer prices increased by nearly 5 percent
In February agricultural producers’ prices increased by 4.9 percent compared to a year before, due to a 6.2 percent increase in the price of plant products and the 2.6 percent...
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Nébih: improvements during the spring seasonal inspections
Improvements were detected by the experts of Nébih during the 2018 spring seasonal inspections virtually at every area – the National Food Chain Safety Office (Nébih) announced on its website....
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Not all organic foods are real
We buy organic food, among others, to consciously protect our health from undesirable substances such as plant protection products. The organic word is a guarantee for us that the product...
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The ice damage mitigation system can be operated in the entire Carpathian Basin
The national ice damage mitigation system will be launched on 1 May and will be able to operate throughout the Carpathian Basin. Győrffy Balázs, the president of the National Chamber...
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Cocoa forests from pastures in Amazonia
International environmental organizations and the Amazonia Fund of the Brazilian State help the local livestock farmers to plant cocoa plantations on the depleted pastures that were created by destroying of...
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Lufthansa’s Munich flight to Debrecen also brought investments
Three German companies have decided to invest in Debrecen since Lufthansa’s first scheduled flight arrived to the Debrecen airport from Munich on 11 April 2016 – said Papp László (Fidesz-KDNP)...
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Magazine: Thirst quenchers in many flavours
According to data from the Hungarian Mineral Water, Fruit Juice and Soft Drink Association, per capita mineral water consumption keeps growing in Hungary, and in 2017 it reached 125 litres...
Read moreGfK: further moderate growth is expected in retail in 2018
The turnover of daily consumer goods in Hungary last year increased by 2 percent, compared to the figures recorded in 2016, according to GfK’s Commercial Analyzes in 2017. The market...
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Nielsen: massive millions for slimming preparations
In April, the sales of slimming products peaked in May, slightly up by about 2 percent in value, compared to the same period of last year, according to the Nielsen...
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The domestic confectionery industry is growing, but the lack of staff may hamper further development
Since 2012, there has been a steady increase in the sales revenues of the Hungarian confectionery companies – according to the data of the OPTEN company information service provider. However,...
Read moreMNB: inflation increases gradually
Inflation will fluctuate around 2 to 2.5 percent in the coming months, but price increases will gradually rise – Várhegyi Judit, head of department at the Hungarian National Bank (MNB)...
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There will be less sugar beet this year
Due to low sugar prices, the domestic producers grow sugar beet on a smaller area of around 1500 hectares this year; the processor plans to contract a little over 14,000...
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More than 4700 kilogrammes of food products were withdrawn by Nébih
The National Food Chain Safety Officers (Nébih) have checked the storage facilities of a company in Budapest supplying food from mainly Italy. The inspectors seized more than 4700 kilograms of...
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Francia szőlőbirtokokat vásárolnak a kínaiak
Mivel egyre kevesebb Kínában a megvásárolható földterület, ezért az ottani vállalatok igyekeznek más országokban terjeszkedni. Az elmúlt években növekedett a kínai befektetők érdeklődése a francia földterületek iránt, ez főként a...
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Randstad Workmonitor Q1 2018
Contrary to what is generally thought, the traditional way of working, i.e., at the office during opening hours, still rules among the respondents of the latest Randstad Workmonitor. Globally, 68%...
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Less optimistic large companies
Large companies have turned a bit less optimistic in Hungary, according to K&H’s corporate growth index: there was 1-point drop to 11 points. Patrick Van Overloop, the head of K&H’s...
Read moreKSH: prices increased by 2 percent in March
In March, consumer prices were an average 2.0 percent higher than a year before. The greatest increase occured in the prices of spirits, tobacco and food products. Prices rose by...
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February was a strong month in retail trade
In February 2018 like-for-like retail volume sales augmented by 6.5 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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