Market News
GfK: more shoppers have started buying multilayer household paper products
Toilet paper: the buyer base of 1-ply products has contracted, in 2016 less than 9 percent of households purchased them. Fewer families bought the 2-ply category as well, but it is still...
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More and more new OTC products
According to Boglárka Dezse, marketing leader of Béres Gyógyszergyár Zrt., the market of OTC drugs (products that can be bought without a prescription) and dietary supplements transformed considerably in recent...
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Slaughter pig prices at a peak
In June 2017 agricultural production prices increased by 2.5 percent from the level of June 2016 – reported the Central Statistical Office (KSH). This rise was the result of the...
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Retail was flying high in June
In June 2017 like-for-like retail volume sales augmented by 5.5 percent; adjusted for calendar effects, the sales growth was 6 percent – reported the Central Statistical Office (KSH). Food and...
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Advances from EU funding are now paid sooner
According to GKI Economic Research Zrt., Hungary’s economy grew faster than expected in the 1st quarter of 2017. This growth slowed down a little in April but speeded up again...
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Beef’s price is rising slowly
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that on the 27th week of 2017 eggs cost EUR 1.16 at the place...
Read moreFM: The Hungarian vine and wine sector is in a moment of impetus
The Hungarian vine and wine sector is under development, which is also supported by the fact that the Hungarian exports of wine was 26 percent more in volume and 18...
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Fazekas: the effect of eastern opening can be detected in agricultural exports
The impact of eastern opening can be detected in agricultural exports. For example the exports of pork to China have expanded to one and a half and the Far Eastern...
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KSH: the number of employees has increased further
During the three-month period from early May to the end of July, the average number of employees was 4 million 434 thousand, 62 thousand more than a year before. Compared...
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Nébih: every second passenger attempted to pass with forbidden meat product through the Ukrainian border
The officers of the National Tax and Customs Administration (NAV) and the National Food Chain Safety Office (Nébih) found forbidden meat product at every second passenger who attempted to pass...
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The economic sentiment of the euro area is on a ten-year peak
The economic climate in the euro area in August strengthened to a more than ten-year peak. According to a report issued Wednesday by the European Economic and Financial Affairs (EcFin),...
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Nielsen: Hungarian retail trade has accelerated
Retail turnover in Hungary grew by 6.4 percent in the second quarter of 2017, compared to the same period of the previous year on the food and chemical market measured...
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The blue grape harvest has begun in Villány, the quality of the crop is very good
The blue grape harvest has begun in Villány five days earlier than normal because of the warm weather. The quality is pretty good, the volume is expected to be around...
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The OMÉK campaign was launched
Livestock in unusual locations, wondering people – just a few scenes from this year’s 78th National Agricultural and Food Exhibition and Fair (OMÉK). The short film produced by the Agraricultural...
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Budapest Bank: shool start costs 54,000 HUF in the primary schools this year
Families with elementary school children are expected to spend an average of 54,000 HUF this year instead of the 64,000 HUF of last year – the Budapest Bank told MTI...
Read moreThe bad weather affected the French vines badly
Such small amount of wine grapes have not been harvested in France since 1945 as this year. The very weak harvest is due to the unusually mild March and the...
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Households can save 20,000 forints per year by replacing large machines
Thanks to the home warming program, households can save on average 20,000 HUF annually on the electricity bill every year – Szabó Zsolt, Minister of State of the Ministry of...
Read moreIDC is forecasting a steady growth in smartphone sales
The US International Data Corporation (IDC) IT and telecommunications market research firm predicts a moderate growth in smartphone sales for the next five years. According to IDC’s projections, the number...
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Bread prices may increase from autumn
The Lipóti Bakery increases the price of bread and other products by 5-10 percent from September due to the increase in wages. According to other companies, the rise in the...
Read moreThe common agricultural policy is a huge development opportunity
For Hungary, the EU’s agricultural policy is a huge opportunity for development, however, because of the ever-tightening requirements, the farmers and the food industry are facing more requirements – Győrffy...
Read moreDemand for seedless grapes is growing
According to surveys, Hungarians eat an average of 2.5-3 kilograms of table grapes per year. In line with the trends in the world, the demand for seedless varieties is rising....
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Milk crisis can emerge in Europe
A serious dairy crisis is lurking on Europe, at least one of the leaders of one of the largest dairy companies predicts. For Christmas, milk and butter may run out...
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The wine of the mayors of Tokaj-Hegyalja was handed over
The wine of the mayors handed over in Hercegkút symbolizes the collaboration of the Tokaj-Hegyalja wine-growing region. The wine of the mayors was once again made by the state-owned Grand...
Read moreThe tax authority withdrew untaxed tobacco products from the black market in a value of 1 billion HUF this year
It is novelty that the authority this year also found an unauthorized tobacco farm. The rate of cigarette smuggling has not increased over the past period, but there have always...
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The loan portfolio of the population and companies grew
There was a significant increase in household and corporate loan portfolio in the second quarter, according to the August issue of the MNB’s Lending Processes report, quoted by népszava online....
Read moreThere is still a lack of truck drivers in road transport
Hungarian road haulage is still lacking in truck drivers, despite the fact that thousands of drivers have been trained with state support – Somogyi Gábor, Secretary General of Hungarian Road...
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The world’s most expensive cities
Singapore has become the world’s most expensive city for the fourth year in a row, and even a neighboring city, Hong Kong, has also held its second place on the...
Read moreEconomic growth in the OECD countries accelerated in the second quarter
The rate of economic growth accelerated in the member states of the Organization for Economic Co-operation and Development (OECD) in the second quarter. In the 35 member states of the...
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Hungarian eggs are safe
The Hungarian Egg Association dissociates itself from the identified recent cases in Hungary where the National Food Chain Safety Office (Nébih) has shown that some domestic egg producers used an...
Read moreThe Global food supply chains have to face complex challenges
The Global food supply chains have to face complex challenges because due to the growth of the world’s population and a significant change in consumption patterns, there is a huge...
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