Market News
KSH: the retail data has become even better
The raw volume of retail sales grew by 8.7 percent in March. The calendar effect adjusted volume of retail sales increased by 7.3 percent – mainly due to Easter –...
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Nielsen: Budapest spins on energy drinks
The consumption of essentially popular energy drinks rises with the coming of the exam period and the festival season. The category’s turnover was over 28 billion forints between April 2017...
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The hail damage mitigation system also covers lands beyond the borders
The extension of the national hail damage mitigation system that would also cover fields beyond the borders is under discussion. Nowadays, such demands have been formulated in Transcarpathia and Transylvania,...
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The program for raising financial awareness has started
The preparation of the participating teachers was started for the program. This autumn, a motivational point system developing financial awareness is tested with the involvement of 600 students in five...
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By 2020 all L’Oreal products would be made from renewable raw materials
As one of the leaders in the cosmetics and beauty industry, L’Oréal’s new sustainability program has determined that by 2020 all of the company’s products will be made from renewable...
Read moreAI creates jobs, yet talent crisis remains, according to EY poll
Business leaders are optimistic about the impact of artificial intelligence (AI) on job creation, according to a poll by EY conducted at the EmTech Digital Conference, produced by MIT Technology...
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KSH: earnings grew by 12.4 percent in the first quarter
With the 11.3 percent increase in March, earnings grew by 12.4 percent in the first quarter of this year compared to the same period of last year – the Central...
Read moreThe price of pálinkas may increase by 10 to 20 percent because of the NETA
If the public health product tax (NETA) should also be extended to these products it would increase the consumer prices of pálinka and herbal sparkling liquors by ten to twenty...
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A new fruit processing plant was handed over in Berkenye
A new fruit processing plant was handed over by the Village Cooperative of Berkenye in Nógrád County. MTI Photo: Komka Péter The co-operative has processed 2800 tons of goods last...
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Production of oilseeds is good for Ukraine
The area of sunflower growing in Ukraine is growing steadily, approaching the technologically possible ceiling. However, there is still a potential for growth in yields. The ripening of the rape...
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Nébih closed an illegal pizzeria in Gödöllő
The National Food Chain Security Office (Nébih) closed an illegal pizzeria in Gödöllő, the business was operated without tax number and without permission, without the respect of technical hygiene and...
Read moreChina can be self-sufficient from pork soon
It is not too good news for the German and the Hungarian pig-market players that the number of pigs that are released in China increases by 4-7 million every year...
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Weak fruit production is expected due to spring frosts
The spring frosts mostly damaged the apricot, and it is estimated that due to the significant sprout damages, only relatively weak yields of between 10 and 20,000 tonnes can be...
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Magazine: They dare to innovate
According to the Association of Hungarian Brewers (MSSZ), members sold 2 percent more beer in 2017 than in 2016. Sales of cheap beers kept decreasing and mainstream beer sales grew by...
Read moreVarga Mihály: competitiveness and productivity improvement is the most important task of the coming years
Improving competitiveness and productivity in the coming years is the most important task in Hungary – Varga Mihály appointed Finance Minister told, adding that the competitiveness of the Hungarian small...
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ÁSZ: economy in Hungary is becoming whiter
The sustainable process of whitening the economy is taking place in Hungary – Domokos László, Chairman of the State Audit Office (ÁSZ) told M1 news channel on Tuesday morning. According...
Read moreThe cherry season has begun
Because of the warm spring weather, the harvest of the early cherry types has begun. This year the volume of fruit can reach 20,000 tonnes – the National Chamber of...
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Nearly 100 participants will come to the General Assembly of European Food Banks
Almost 100 participants from thirty countries, including food business leaders, lawmakers, experts and multinational companies, are coming to Budapest for the Annual Meeting of the European Food Banks Federation (FEBA),...
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Most of the Hungarians want a better job
The overwhelming majority of active job seekers still have jobs, but they are constantly monitoring the offers and if they find an attractive opportunity the go for it – tozsdeforum.hu...
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The Food Chain Management fee can be declared without sanctions until the end of May
The food chain operators can declare the Food Chain Management fee until 31 May – the National Food Chain Safety Office (Nébih) draws attention on its website. The announcement reminds...
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The energy sector, construction and hospitality among the most turbulent sectors
“In some sectors, hardly 80 percent of firms operate for a year, indicating that the domestic companies are still far from equilibrium” – Pertics Richárd, Opten’s Corporate Information Director said....
Read moreThe Germans can expect a great malting barley season
The prospects for malting barley in Germany are so positive – agrarszektor.hu wrote. The 28 percent area increase will be coupled with improved yields this year, so a total of...
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Magazine: Large companies also contribute to the digitalisation of the SME sector
How can large companies support SMEs in going digital? István Király, Vodafone Hungary’s enterprise business unit director told our magazine that they offer tailor-made solutions to business partners, made available...
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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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