Market News
The Book of Pálinka Excellences is contributing to the image building of the country
The mission of the National Pálinka Excellences program is to introduce quality Hungarian pálinka to the domestic and foreign audiences. To Hungary’s image building and the stimulation of moderate consumption...
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Magazine: POPAI ended the year at HEINEKEN
HEINEKEN welcomed the last POPAI Association meeting on 8 November. Tímea Berki and Viktória Ozoróczy were the hosts, and national trade marketing manager Ms Berki gave a presentation about the...
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Christmas: stores expect growing traffic
Store chains expect strong Christmas traffic, in most cases, a double digit growth is expected in the last month of the year, compared to December last year – according to...
Read moreInflation is over three percent
In November, consumer prices were on average 3.1 percent higher than a year before, with an average decrease of 0.3 percent compared to October, according to the Central Statistical Office...
Read moreKSH: agricultural production increased by 3.1 percent in 2018
Agricultural output grew 3.1 percent this year after falling 5.2 percent last year. Crop production grew by 1.8 percent, while livestock production grew 5.7 percent, compared to the previous year,...
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The European Fresh Adventures program encourages to consume more vegetables and fruits
On average, only 262 grams of vegetables and fruits are consumed by a Hungarian per day, including families with small children. With this amount, we are the last in the...
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K&H: 9.6 billion forints guarantee for the innovative investments of the SMEs
K&H Bank has concluded an InnovFin portfolio guarantee agreement with the European Investment Fund (EIF) in a value of 9.6 billion forints (about 30 million euros) to help small and...
Read moreITM: smart city developments are being prioritized by the government
The government is giving priority to smart city developments to make Hungary a winner of global processes – Szigeti Ádám, Deputy Minister of State of the Ministry of Innovation and...
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The economic climate improved in Germany and in the euro area
The economic climate in Germany and in the euro area improved in November, according to a study of the Mannheim-based ZEW(Zentrum für Europäische Wirtschaftsforschung) Economic Researcher. ZEW reported on Tuesday...
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No more geoblocking, shop online anywhere within the EU
From Monday, December 3, geoblocking within the EU is strictly prohibited, so the online shopping experience of European citizens changes substantially. Geoblocking, the unduly blocking of those not residing in...
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Minister of Agriculture: the national meat program has started
Nagy István Minister of Agriculture has announced the launch of the national meat dove program on Saturday in Budapest at the National Pet Show. At the closing event of the...
Read moreExports growing dynamically again
According to the first estimate of the Central Statistical Office (KSH), in October the value of goods exported in euro increased by 6.5 percent while imports increased by 9.7 percent,...
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The professional prizes of the Hungarian Sommelier Association were announced
The Hungarian Sommelier Association (Masosz) has awarded the Par Excellence prize in five categories for the fifth year to the best winery, wine merchant, wine restaurant, specialist and instructor. In...
Read moreCustomers of the Bónusz Brigád like modern technology
While half of the online purchases in Hungary are still paid in cash at the time of receipt, buyers of the Bónusz Brigád are much more similar to the more...
Read moreThe fifth Rentasystem survey was published
Stagnating IT investments, smaller machine-related investments, but a larger car fleet development is expected next year according to company executives’ forecasts. The Rentasystem surveyed the IT investments and funding backgrounds...
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Problems were found at almost half the lightbulbs
25 out of 53 products failed at the consumer protection test on Christmas light bulbs lighting decorations and outdoor decorations, while the proportion of products with problems reached 47 percent,...
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The euro area and the EU achieved a modest growth in employment in the third quarter
In the third quarter, the number of people employed in the euro area increased in the lowest extent of the past three and a half years, but reached a record...
Read moreThe US consumer mood index stagnated in December
The American consumer mood index stagnated in December – according to the preliminary results of the regular monthly survey of the Michigan University. The consumer mood index stood at 97.5...
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Turkey Association: turkey meat turnover may increase by 20 to 25 percent during the holiday season
Due to the growing demand turkey meat turnover may increase by around 20-25 percent, compared to the rest of the year in December, and the Hungarian Turkey Association expects 35...
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The draft beer is also the mainstream advent
Beer and traditional Hungarian gastronomy will also meet during the advent period. The Association of Hungarian Brewers also looks at the festive season as a beer season. According to industry...
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The best Hungarian wines are ready for the summit
The 116-page Winelovers 100 – The 100 Best Hungarian Wine Magazine was brought to life by the intention to contribute to promote the best Hungarian wines and to help consumers...
Read moreKSH: foreign trade intensified
In October, the export value of goods in euro increased by 6.5, and imports increased by 9.7 percent, compared to the same period of the previous year, according to a...
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We are looking for innovations in the wine market as well
Wine culture is flourishing, but it is also a fact that the wine market is accelerating during the holidays, so the question now is why the wine is placed in...
Read moreThis year, farmers with a subsidized agricultural insurance receive a higher rate of refund
This year, farmers with subsidized agricultural insurance receive a larger share of this year’s refund because the agrarian insurance premium subsidy fund was raised this year, from 4 billion forints...
Read moreFarkas Sándor: the largest gardening development of the last quarter century to take place
Based on the resources available and the support needs submitted, the most significant horticultural development of the last quarter century can take place until the end of the current EU...
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Chamber of Agriculture: the national hail damage mitigation system has redeemed the hopes
The national hail damage mitigation system has redeemed its hopes. Farmers this year reported hail damage on 22.5 thousand hectares, which is 70 percent lower than last year and nearly...
Read moreFood retailing pulled Romanian retail trade
The volume of Romanian retail sales grew by 5.4 percent in the first ten months of this year -according to the Romanian National Statistical Institute. According to the seasonally adjusted...
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Magazine: Modern cuisine, innovation, health trends: SIAL did it again
SIAL Paris took place between 21 and 25 October 2018 and about 150,000 people came to see what 7,200 exhibitors from 109 countries had to offer. The trade fair covered...
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We buy online more frequently
According to the latest data from dunnhumby’s Shopper Thoughts panel, in the last 12 months Hungarians liked to buy the following categories online: consumer electronics (53 percent), the full FMCG...
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FAO: world food prices on a more than two-year low in November
World food prices declined to a more than two-year low in November, mainly due to the decline of oilseeds, dairy products and grain products. The five basic food price indices...
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