Market News
VAT cut – reloaded
In the last 2 years the VAT on basic food products such as eggs, pork and poultry was reduced, but internet service’s VAT also became lower than the earlier flat rate of 27 percent....
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FM: Hungarian milk exports can start to China
Thanks to several years of discussions of the Ministry of Agriculture (FM), 13 Hungarian establishments have been allowed to deliver milk and dairy products to the People’s Republic of China...
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More from less in the packaging industry
Márta Enyedi, Sealed Air’s food care business development leader told our magazine that they manufacture and sell flexible plastic packaging materials (films, vacuum and vacuum shrink bags) in every part...
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Paving the way for online FMCG sales growth
According to Nielsen’ ‘What’s Next in E-commerce’ study, which analyses the latest online consumption trends in the FMCG sector, while total FMCG sales are increasing by 4 percent a year,...
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World-class packaging solutions
Miklós Nagy, general secretary of the Hungarian Association of Packaging and Materials Handling (CSAOSZ) told our magazine: the packaging industry realised HUF 588-billion sales in 2016 – the sector’s output...
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Global brands in good position
Nielsen’s annual brand origin report analyses consumer preferences and emotions in 34 product categories when it comes to buying local or global brands. In former years there was some kind...
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Changes in transfer pricing rules from next year
In the case of associated companies, the Ministry for National Economy plans to introduce a more complex and complicated registry form instead of the present one. This change will affect not...
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Stricter audit systems in quality assurance
According to Balázs Bóza, business manager – CRS of SGS Hungária Kft., it is more and more frequent that a company’s owner – in basically all industries – initiates the...
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Hungarian retail trade was the second best in Europe in the third quarter
In Q3 2017 Hungarian FMCG retail sales grew by 5.3 percent in comparison with Q3 2016. The European average was a 2.8-percent sales growth and only Turkish retail trade outperformed...
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Domestic internet users intend to spend 35,000 forints for Christmas gifts this year
Domestic internet users intend to spend almost 35,000 HUF on average for gifts this Christmas, about 14 percent more than last year, according to a survey conducted by GÉG Digital....
Read moreGrowth in retail sales may accelerate further
Growth in retail sales may continue to accelerate in the coming months, according to analysts interviewed by MTI. According to the Central Statistical Office, the volume of retail sales in...
Read moreThe State Treasury paid 254 billion forints to the farmers
The Hungarian State Treasury paid 254 billion forints grant to the farmers this year during the prepayment period of direct subsidies – the Hungarian State Treasury (MÁK) told MTI on...
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Santa Claus Factory – This year, they are waiting the donations with longer opening hours
This year, the Santa Claus Factory receives donations for 22 days in Budapest. The donation center – set up near the Heroes Square – will be open from 9 am...
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The döner may be endangered because of a planned EU rule
The Turkish fast food developed in the former West Berlin may be endangered because of a planned EU rule – the German newspaper Bild wrote. According to the report, the...
Read moreThe world’s best wine producing areas are in the greatest trouble
This year as little wine was produced in the world as in 1961 – the Paris-based Organization of Vine and Wine (OIV) announced. The downturn is mainly due to bad...
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Hungarian proposals should also be included in the EP report on sheep and goat farming
The proposals of the Hungarian sheep and goat farmers, including the lump sum support of small pet keepers, the extension of national animal welfare support and the enlargement of pasture...
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Hungarian National Trading House: cross-border economic development programs are promoting the development in the homeland
“The activity of the trading house is an important complementary tool for economic development programs in foreign areas” – Oláh Zsanett Chief Executive Officer of Magyar Nemzeti Kereskedőház, on Wednesday...
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Magazine: Fruit juices rich in fruits and vitamins
Coca-Cola Hungary’s experience is that the fruit juice market continued to grow this year. Commercial excellence leader Gábor Ivády told that in the summer fruit juices with a lower fruit content...
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Cofidis: the amount intended for Christmas presents can grow by a quarter this year
As in the previous year, 78 percent of the population is buying gifts for Christmas, but the amount intended for Christmas presents can rise from last year’s 31 500 forints...
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KSH: the number of employees was 41 thousand more than a year before
During the three-month period from August to October, the average number of employees was 4 million 445 thousand, 41 thousand more than a year before. The employment rate for people...
Read moreThe European Commission has presented the main principles on the common EU agricultural policy
On Wednesday, the European Commission presented its proposals on the main principles of the common EU policy on agriculture, focusing, among other things, on giving Member States wider powers on...
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A Foundation in Szekszárd employing disabled people creates a food manufacturing facility
The Kék Madár (Blue Bird) Foundation establishes a food manufacturing and visitor center. The profits will be devoted to help the disadvantaged people. The Foundation, which is operating a smaller...
Read moreConsumer confidence stagnated in Germany
Instead of the expected minimal improvement, German consumer confidence has stagnated, according to a survey published by GfK on Tuesday. The consumer mood index of the Nuremberg-based Market Research Institute...
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Retail sales declined in Japan
Contrary to expectations, retail sales declined in October in Japan, which doubts the hope that consumers will start to spend their money after the weak third quarter. Compared to September,...
Read moreLondon analysts expect growth above 3 percent for the Hungarian economy next year
According to London’s financial analysts, the Hungarian economy will grow over its own long-term trend average over the next few years, and the growth rate is expected to exceed 3...
Read moreKSH: Investments increased by 18.3 percent
In the third quarter of this year, the volume of investments grew by 18.3 percent, compared to the previous year’s low base, following the 26.8 percent rise in the previous...
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The Food Bank has collected more than 200 tons of durable food products
During the weekend campaign, the Hungarian Food Bank Association collected about 236 tons of durable food with the help of 5000 volunteers in about 120 settlements across the country. According...
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The first export trains started from Budapest to China
On Monday, the first two export trains set off to China. Mosóczi László, deputy minister of state of the Ministry of National Development (NFM), called attention to the transit role...
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Nébih stands for glyphosate
Hungary supports the extension of EU authorization of the pesticide active substance glyphosate for professional reasons – according to the National Food Chain Safety Office (Nébih) – agrarszektor.hu wrote. Nébih...
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