Market News
Growth in retail sales accelerated in the Czech Republic
In January, the annual growth in retail sales in the Czech Republic accelerated to 8.2 percent from the 4.6 percent of December, the Czech Statistcal Office (CSÚ) announced on Thursday...
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Making Every Drop Count: UN Water Presidency called everyone to fight against the global water crisis
The United Nations Water Presidency urges immediate steps to avoid the global water crisis. Making Every Drop Count: An Agenda for Water Action, released by a panel of 11 Heads...
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Magazine: Strong hair and an even stronger category
The Hungarian hair care market had been growing dynamically for years and the trend continued in 2017 – our magazine learned from Abigél Győri, Henkel Magyarország Kft.’s junior brand manager. All...
Read moreKSH: the rise in agricultural producer prices continued to slow in January
In January, agricultural producer prices rose 2.1 percent, compared to the previous year, due to a 2.6 percent increase in plant products prices and the 1.4 percent increase in the...
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Nielsen: the market of own-branded products has gained a new impetus
The Hungarian consumers purchase commercial brands from pet foods and kitchen towels. The market of commercial brands has gained a new impetus in term of the sales of global retail...
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Meat Association: the performance of the meat industry decreased by 2.9 percent last year
The performance of the meat industry dropped by 2.9 percent in 2017. The economic impact of the poultry flu played a decisive role in the downturn – Éder Tamás, Social...
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The MNKH and the National Center for Agricultural Research and Innovation signed a cooperation agreement
The Hungarian National Trading House (MNKH) and the National Center for Agricultural Research and Innovation signed a cooperation agreement in Budapest on Tuesday, aiming to make the MNKH internationally known...
Read moreDeloitte: optimism characterizes the largest companies in the region
The financial executives of the Central European companies are more optimistic about their business prospects than at any time in the past three years, and the main reason for the...
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Thirty percent more loans were granted by the Takarék Group last year
A total of 410 billion forints new loans were released last year by the Takarék Group, almost 90 billion forints and 30 percent more than in 2016. According to the...
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Fidelity: corporate confidence at record heights
The confidence index of the world’s largest companies for this year reached heights has not seen for five years – according to Fidelity International’s latest survey. Despite the increase in...
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FAO: Conflicts and weather patterns strain food security
High levels of food insecurity persist in the world, due largely to conflicts and to adverse climatic shocks that are taking a toll, particularly in East African and Near East...
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Retail trade turnover declined in December in the euro area
Retail sales declined slightly, a bit higher than expected in December compared to the previous month in the euro area. The European Union’s Statistical Office (Eurostat) announced on Monday that...
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Hungarian online retail’s value exceeds 1.2 billion euros
While sales increased by 6 percent in traditional retail, online retail sales soared by 18 percent in Hungary last year, passing the HUF 360-billion threshold. From total sales the share of...
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Solar farm to be built on agricultural land
Two 50-hectare areas will be added to the territory of the Hódmezővásárhely industrial park, where agricultural machinery production and food industry enterprises are welcome. A solar farm is going to be...
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NAK’s Food processing department wants further VAT cuts
József Losó is the head of NAK’s Food processing department, the most important goals of which are to analyse the Hungarian trademark situation and to continue reducing the VAT on...
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NAK launches campaign to promote beef consumption
Balázs Győrffy, president of the Hungarian Chamber of Agriculture (NAK) told at the campaign launch press conference: Hungarians eat 2-2.5kg of beef a year, which is only one third of...
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The output of Hungary’s horticulture sector can be doubled
Hungary’s horticulture sector produces in the value of HUF 400 billion a year. This sum can be doubled with modernisation, simplifying rules and strengthening marketing work – it was said at the first...
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Objective: to strengthen fair trade practices
NAK has established the Agriculture and food trade department, with Dr Attila Csorbai as the head and NAK vice president Tamás Éder supervising the work. At the department’s first meeting the...
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Hungarian pork sector in the limelight
The Hungarian Meat Industry Federation (MHSZ) organised a press conference, where president Tamás Éder spoke about the meat industry’s last 12 months. He revealed that the number of pigs decreased by...
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Analysts: the foreign trade surplus in January was higher than expected
The foreign trade surplus in January exceeded the expectations and the surplus will be lower than in the previous year, but the decline will be lower than last year –...
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Another Hungarian food plants can export to Taiwan
Another 8 poultry slaughterhouses and 1 poultry and 2 pig processing plants have been granted the export license from Taiwan’s Veterinary and Phytosanitary Inspection and Quarantine Office (BAPHIQ) – the...
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The EC has established an expert center to improve food quality
The European Commission has set up a knowledge center on fighting food fraud and dealing with food quality. It will begin to operate on Tuesday – the EU commission told...
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NGM: the economic cooperation in the Carpathian Basin should be expanded further
The aim of the government is to develop an economic space in the Carpathian Basin by investing and strengthening business relations that will reach the level of economic integration of...
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Real earnings may rise above 6 percent this year
According to the calculations of the ministry, real earnings may rise above 6 percent this year – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM) responsible...
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The European Commission: most dangerous products reported in the EU come from China
Most of the dangerous products reported in the European Union are coming from so-called third countries, most of them, 53 percent from China, according to a report released on Monday...
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Nielsen chart of the month – Hungary’s retail sales growth was the second biggest in Europe
In Q4 2017 like-for-like retail sales growth was 8.2 percent (in value) in the Hungarian market of food and drug products. In the same period the European average was plus 4.4...
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Running out of industrial and logistic space?
In 2017 617,000m² more industrial space was rented in Hungary, 44 percent more than in the previous year. This means that there is hardly any more industrial and logistic space that...
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The number of jobseekers dropped by 6.9 percent last year
The number of registered jobseekers decreased by 6.9 percent in Hungary in one year, while the National Employment Service (NFSZ) recorded 254 800 jobseekers at the end of 2017, more...
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The campaign to promote Hungarian wines was launched in the United States
The “Year of the Aszú” campaign was launched in the United States, where Hungarian wines, mainly aszú wines will be promoted for a year. The campaign started with a wine...
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More controls bore fruit
Between 2010 and 2017 the level of investment grew by 34 percent in agriculture. In 2014 the VAT on live and half pig was reduced, and one year later beef and...
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