Market News
Next year will bring changes in the environmental protection product fee rules
As of 1 January 2018 the act on the environmental protection product fee will be amended again. An analysis by MAZARS has revealed that the new changes are primarily entailed by...
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Ericsson: technology will bear a human face in 2018
Consumers expect technology interactions to be controlled by intonation, facial expression and body language facilitating to track the changes of accelerating technology and will able to manage new devices –...
Read moreKSH: retail sales grew by 6.3 percent in October
In October, retail sales grew by 6.3 percent, compared to the same period of the previous year, according to both the raw and the calendar-adjusted data – the Central Statistical...
Read moreThe food industry may grow continuously by up to 4 percent
According to Atradius’ industry analysis, the food industry’s performance in the next five years may increase by 3-4 percent annually. The sector continues to be one of the most important...
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NFM: the Consumer Protection Authority tested light chains and fondants
The Consumer Protection Authority tested light chains and fondants. Among the tested light chains 25 did not meet the requirements, while in case of fondants problems occured in only one...
Read moreThere is an enormous interest towards the Honey Report
There is an enormous interest in the European Parliament (EP) towards the Honey Report on the situation of the honey sector, Erdős Norbert MEP (Fidesz), the the rapporteur for the...
Read moreThe domestic SME sector is before a huge growth, but not the way we would expect it
It is expected that the conditions for SME classification will change from 2020, which will result in an increase in the number of Hungarian SMEs. With the change of legislation,...
Read moreGKI’s Business Index on its new historical peak
In December, the GKI’s economic growth index reached its new historic peak. According to a survey conducted by GKI (www.gki.hu), with the support of the EU, business expectation has never...
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Winter set offers are popular
Body care product sales are growing year after year, as the economic situation is improving and product manufacturers keep coming out with new innovations. Besides the price-value ratio, buying decisions are...
Read moreThe GVH terminated the pesticide market cartel procedure
The Office of the Hungarian Competition Authority did not establish a concerted approach by examining the activities of the operators of the pesticide market, so the procedure will not continue,...
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(HU) Ételkülönlegesség az AMC baromfihús kampányban
Sorry, this entry is only available in HU....
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KSH: the rise in agricultural producer prices continued in October
In October, the prices of plant products increased by 8.0 percent and the prices of live animals and animal products increased by 6.2 percent. As a result, agricultural producer prices...
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A new trademark guarantees the quality of Hungarian fish
The Ministry of Agriculture (FM) and the Hungarian Aquaculture and Fisheries Intermediary Organization introduced a new trademark to guarantee the quality of the Hungarian fish – Fazekas Sándor, Minister of...
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Agrarian Marketing Center: Egg is the miracle itself!
Egg is the miracle itself! With this slogan, the Agrármarketing Centrum and its professional partner, the Poultry Product Council, promote good quality, healthy poultry meat and egg values through the...
Read moreThe Takarékbank expects economic growth above 4 percent next year
Thanks to a favorable external environment and a boom in domestic investment, the economic growth may continue to accelerate. Takarékbank’s analysts expect a 4 percent growth in GDP for 2017...
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40 percent of the annual fish consumption occurs during the holidays
In Hungary, fish consumption is steadily increasing. About 40 percent of the trade volume continues to be realized in the Christmas season – according to Auchan’s experience. Every year, buyers...
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Nearly 1.5 billion HUF export success in the African region
Small and medium-sized enterprises (SMEs) with high quality and competitive product portfolios in international markets have found new markets in the African continent. The goods and services covering a broad...
Read moreThe EU has adopted a measure to prevent the smuggling of tobacco products
The European Commission has decided to set up a new EU Product Tracking System from 2019 to ensure that tobacco products can easily be traced across the EU with the...
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Nielsen: consumer confidence is on ten-year peak
The confidence index of Hungarian consumers in the third quarter of 2017 broke records again. It has become 76 points, 5 points more than the pre-crisis peak value of 71-points....
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CIB: the population will spend 8 percent more this Christmas than in last year
Compared to last year, the Hungarian population will spend about 8 percent more, on average 42 900 HUF for Christmas and three quarters of them will cover the costs of...
Read moreThis year, Kopint-Tárki is expecting a 3.9 percent increase next year, 4 percent
The Kopint-Tárki Prosperity Research Institute has not changed its main forecasts, this year GDP will continue to grow by 3.9 percent and 4 percent next year, while the inflation is...
Read moreEU court: there is no justification for the European Commission’s support withdrawal for Hungarian farmers
In its decision on Thursday, the Court of Justice of the European Union partially annulled the European Commission’s decision to reduce the amount of the support of the Hungarian farmers....
Read moreMore than 10 tons of inadequate quality honey were found by Nébih’s specialists
In two tests, more than 10 tonnes of inadequate honey were found by the experts of the National Food Chain Safety Office (Nébih) – the authority told MTI on Thursday....
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NGM: the number of new jobs has increased by 750,000 over the past six years
Over the last six years, the number of new jobs has increased by about 750,000, so there is a great need for skilled workers – Pölöskei Gáborné, Deputy Minister of...
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The kebab has escaped
At the plenary session of the European Parliament in Strasbourg, MEPs did not vote the proposed ban on phosphate. According to Deutsche Welle, the vote needed an absolute majority of...
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The number of small farmers has tripled since 2010
More and more small markets can be found in the country, while the number of small producers have tripled since 2010, and their number is now over 17,000 – the...
Read moreGKI: Growth in consumption can accelerate the economy next year
The Hungarian economy is on the track indicated in September 2017. Economic growth will accelerate as a result of the start of EU subsidies and the accelerated consumption growth triggered...
Read moreIrrigation water demand survey was launched by the National Chamber of Agriculture
The National Chamber of Agriculture (NAK) has launched an irrigation water demand survey as part of the development of the irrigation development strategy. After 2014, the public body will again...
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The EP voted beside a simpler agricultural policy
At the plenary session of the European Parliament in Strasbourg, measures were adopted to simplify agricultural policy and to strengthen bargaining power for farmers in the supermarkets. According to the...
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MNB: new security measures do not affect the comfort of electronic payments
The new security rules, which provide double security, do not affect the speed and convenience of everyday electronic payments – Binder István, supervisor of the National Bank of Hungary (MNB)...
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