Market News
FAO: world food prices increased
In February, FAO’s food price index increased by 1.1 percent. The five basic food price indices monitored by the Food and Agriculture Organization of the United Nations (FAO) grew to...
Read moreAgricultural Chamber: the production value of horticulture can be doubled
The production value of the Hungarian horticultural industry is about 400 billion HUF annually, which can be increased by up to 800 billion HUF through modernization, rationalization of regulation and...
Read moreThe European Parliament voted on the report on honey
The most important result of the European Parliament’s resolution adopted taking into account the views of all interested parties is the focus of attention on honey counterfeiting – Erdős Norbert,...
Read moreNGM: Nearly 6,500 billion HUF investments have been implemented in Hungary in 2017
Last year, nearly 6,500 billion HUF worth of development was made in Hungary, which represents an increase of almost 17 percent, compared to the previous year, considering the volume of...
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Nébih: The tested wheat flours met the standards
The 24 wheat flour products met the food safety requirements at the Szupermenta test of the National Food Chain Safety Office (Nébih) in February – the authority told MTI on...
Read moreThe sales of smartphones declined globally last year for the first time
Last year, the sales of smartphones in the world market dropped by 0.5 percent, causing a downturn for the first time. According to the data of the American International Data...
Read more91 percent of Romanians living abroad regularly buy Romanian products
Nintety-one percent of Romanians living abroad regularly buy Romanian products, and 61 percent popularize Romanian brands among their acquaintances, according to a recent survey of the MKOR Consulting market research...
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Magazine: GfK Hungária Market Research Institute forecasts growth for 2018
According to Ákos Kozák, managing director of GfK Hungária, Hungarian FMCG sales and consumption have been growing continuously since 2015. The 3-4 percent consumption growth and the 4-5 percent expansion in...
Read moreThe NAK urges the continuation of VAT cuts
The Food Processing National Department of the National Chamber of Agriculture considers the continuation of the VAT reduction of foodstuffs as one of the most important objectives. The Food Processing...
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The domestic print media reached an eighteen and a half percent increase on the advertising market
The total advertising revenue of 2017 reached 106,783 billion forints. The press reached a two-digit growth. Its growth rate surpassed all market segments and the latest data show a significant...
Read moreFM: spring seasonal food chain tests have started
The spring seasonal food chain control, in which traditionally consumed and seasonal foods will be tested by the National Food Chain Safety Officers (Nébih) was launched on 1 March –...
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The financial expectations of the SMEs is on an eleven-year summit
The financial expectations of SMEs have risen to an unprecedented level. They expect a revenue growth of 9.5 percent and a profit growth of 5 percent this year – according...
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MLBKT: February’s PMI has decreased but indicates a stable growth
The purchasing manager’s index (PMI) seasonally adjusted value for February was 57.4 points, lower than the January value of 61.1 points. However, compared to the previous February, this year’s February...
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Advertising Association: Last year, 241 billion forints were spent on advertising
The Hungarian Advertising Association (MRSZ) estimates that the 2017 advertising spending was 241 billion forints, 11.5 percent more than a year before, but excluding the state spendings, but the market...
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The range of protected geographical indications has expanded with another seven members
The range of protected geographical indications has expanded with the Csopaki wine, the Sikicarp of Akasztó, peaches from Budaörs, the Black Cherry from Szomolya, sour cherry from Újfehértó, Nagykun rice...
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KSH: investment grew with a record extent in 2017
Investments grew with a record extent with 16.7 percent in 2017 after a 16.0 percent drop last year. The volume of investments in the fourth quarter was 14.4 percent higher...
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The Hungarian National Trade House finished its star tour
The Hungarian National Trading House (MNKH) has completed the Carpathian Basin star tour, where over the past two months, the joint work was evaluated with nearly 300 companies at seven...
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EU payments are close to 1000 billion HUF
So far, the European Commission paid all performance-based payments to Hungary in the 2014-2020 cycle – Világgazdaság Online wrote. With regard to the projects of the 2014-2020 EU development cycle,...
Read moreSeventy thousand new jobs have been created in agriculture in the past 7-8 years
About 70,000 new jobs have been created over the last seven to eight years in agriculture in Hungary, the majority of them in Zala and in other counties of Transdanubia...
Read moreKPMG: this year, many acquisitions are expected in Hungary
As in the past two years, many acquisitions are expected in Hungary. The sale of Telenor is imminent, and if it is completed this year, the Hungarian company acquisition record...
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The new one thousand HUF banknote to come from Thursday
The new one-thousand HUF banknote will be launched on Thursday, March 1 – said Gerhardt Ferenc vice president of the National Bank of Hungary (MNB) at a press conference in...
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Magazine: E-commerce: shopper scene redrawn
Nielsen’s global report ‘Digital Era’ analyses retail trends in an environment that is becoming more and more digital. First and foremost, thanks to the internet, the buying procedure has become more...
Read more(HU) BENU Franchise Hálózat – A siker receptje
Sorry, this entry is only available in HU....
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Foreigners love pálinka
Budapest’s tourists spent record number of pálinka at the weekend, although it is well-known that Hungaricum is considered to be too strong to the foreigners. The unusual popularity is due...
Read moreMadosz: tobacco production and crops increased in 2017
In Hungary 6802 tons of tobacco was produced on 3380 hectares of cultivated land in 2017. Compared to the data of two years ago, and the volume of crops and...
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Diplomats are drinking Tokaji
The Tokaj wine region is the leader in the 2018 wine selection of the Ministry of Foreign Affairs (KKM). The selection is made for foreign missions and diplomatic events –...
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OECD expects the wage convergence in Hungary
The increase in earnings was the second highest last year in Hungary among the 28 member states of the European Union – Szalai Piroska, advisor of the Ministry of National...
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KSH: 4 million 436 thousand was the average number of employees in January
In the November 2017 to January 2018 period, the average number of employees was 4 million 436 thousand, 35 thousand more than a year before. The employment rate of the...
Read moreThe inspectors of Nébih detected illegal cattle slaughtering
The inspectors of the National Food Chain Safety Officers (Nébih) detected illegal cattle slaughtering in a meat plant where 500 kilos of unmarked products were found. According to the communication...
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