Market News
Exports and imports showed a double-digit growth
In April, the value of exports in euro was 10.7, while imports increased by 15.7 percent over the same period of last year. The turnover was affected by the fact...
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The European Commission proposes a new program to protect consumers and to strengthen SMEs
The European Commission proposes a new 4 billion euros targeted program for consumer protection and for the strengthening of the position of the European Union. The European Commission proposes a...
Read moreAfrican swine fever has appeared in the Danube Delta
The virus of African swine fever (ASF) has been identified in domestic pigs by the Romanian veterinary and food safety authorities in the villages of Ceatalchio and Salceni, near the...
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Magazine: Nicely developing cheese market
Usually the price of cheese follows the movement of milk’s price, and this has made the market rather hectic recently. According to Carlo Volpe, managing director of Óvártej Zrt., there are...
Read moreVarga Mihály: economic growth of around 4 percent is expected in the next one and a half years
An economic growth of around 4 percent is expected in the next one to one and a half years – Finance Minister Varga Mihály said at the Business Forum of...
Read moreKSH: consumer prices increased by 2.8 percent in May
In May, consumer prices were on average 2.8 percent higher than in the previous year and 0.6 percent higher than in the previous month, according to the data of the...
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The online invoice system will start on 1 July
The online invoice system will receive data on business accounts from 1 July. The companies must sign up for the system on the website of the National Tax and Customs...
Read moreKSH: GDP grew by 4.4 percent in the first quarter
In the first quarter, gross domestic product (GDP) grew by 4.4 percent. Seasonally and calendar effect adjusted, the growth was 4.7 percent, compared to the same period of the previous...
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Magazine: Fuel cards ensure efficient cost control
Practically all filling station chain owners offer some kind of fuel card service to corporate partners. The advantage of these is that they make safe, fast and cost-efficient fuel buying possible....
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The Chamber’s food processing department assists the industry with specific professional proposals
The practical experiences of the Hungarian Food Book are analyzed, they seek solutions to problems with the use of containers and crates, and put forward proposals to reduce unfair commercial...
Read moreGrain Alliance: global wheat production may be lower this year
Global wheat production may be lower this year than last year, but due to huge stockpiles, significant price increases are not expected. It is encouraging for the Hungarian producers that...
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The place of origin of the main ingredient should also be indicated on the goods marketed on the EU market
The manufacturers of goods sold on the European Union market can no longer mislead the customers – agrarszektor.hu wrote, after Magyar Idők. According to the Implementing Regulation of the European...
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Four billion HUF billing factory on the food market
A criminal organization issued four billion HUF worth fictitious bills. Financial investigators are proposing an indictment because of the use of financial fraud, the use of a fake private document,...
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Nearly 400 malls have been closed in Russia due to fire safety deficiencies
In Russia, the operation of 391 malls was suspended – due to the violation of fire regulations – since the tragic mall fire in Kemerovo at the end of March...
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Vodka Museum opens in Warsaw
The Polish Vodka Museum opens next week in Warsaw, in a refurbished building of a 19th century factory, showing the more than six hundred years of Polish vodka history and...
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Magazine: Big growth in the non-food sales of National Tobacco Shops
Non-food categories realised 13 percent of total sales by National Tobacco Shops in 2017. The profit margin of these categories is 25-30 percent, while the profit margin of tobacco products is...
Read moreNielsen: domestic retail trade preserved its momentum
The value of retail trade in Hungary increased by 8.3 percent in the first quarter of 2018, compared to the same period of the previous year – accoring to Nielsen....
Read moreAnalysts: household consumption will persistently remain the driving force of economic growth
Household consumption remains the driving force behind economic growth, coupled with the added value of services on the production side. Market analysts commenting on the CSO report on Tuesday’s GDP...
Read moreMinistry of Agriculture: the reduction of CAP funds is unacceptable
According to Hungary, the EU budget proposed for the financing of the Common Agricultural Policy (CAP) is not enough, especially since the legislative proposals on 1 June would place significantly...
Read moreThe HNT assesses the wine stocks
The National Council of Mountain Villages (HNT) has published a standard contract template which records the rights and obligations of both producers and purchasers and provides a framework for various...
Read moreMost companies consider the digital switchover to have strategic importance
Although in Hungary, 72 percent of the companies consider digital transformations very important and only 2 percent called it less important, companies are lagging behind in digital transformation – Uzsák...
Read moreThe investment attractiveness of large companies is awakening
54 percent of the domestic large companies, are planning some kind of developments over the next year. In West Hungary the situation is even more promising, as six out of...
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The players in the herbal sector have joined their forces
The Herbal Division of the National Chamber of Agriculture (NAK) was reorganized, which also joined its forces with the Herbal Association and Marketing Board (GYSZT). The aim is to reverse...
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Imports rose more than exports
In the first quarter, the value of exports in euros was 3.4, the value of imports in euros was 3.9 percent higher than in the same period of last year,...
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Magazine: Retail trade is going upwards, but there are small obstacles
György Vámos, general secretary of the National Trade Association (OKSZ) told our magazine that retail sales expanded by 5 percent in 2017 – there has been a sales growth every...
Read moreServices, consumption and investment have led the economy
The volume of gross domestic product (GDP) was 4.4 percent higher than the one-year-earlier figure in the first quarter. The 4.9 percent growth of services, the 5.0 percent growth of...
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Nébih was ranked first in the ranking of European authorities
The National Food Chain Safety Office (Nébih) was ranked first in the ranking of European authorities; according to a recent survey by the European Food Safety Authority (EFSA), the Hungarians...
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Here are the agricultural challenges of the next ten years
The major agricultural challenges of the 10 years are; whether domestic farmers are prepared for the surplus production due to rising meat consumption and how open are they to alternative...
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