Market News
The most reputable brand
Ferrero is the most reputable food company in the world – according to the Reputation Institute. The ‘2017 Global RepTrak 100’ study reveals that Rolex is the most reputable company...
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8-10 percent of the annual quantity of eggs is sold at Easter
The Easter Egg consumption averages around 200-230 million units per year, 8-10 percent of the annual consumption – the Poultry Product Council (BTT) told MTI on Tuesday. According to the...
Read moreOKSZ: the mandatory requirement of staff number is a new tax
The mandatory requirement of staff number would be a new tax on retail – the National Retail Federation (OKSZ) said on Tuesday, in response to the government trade policy proposals...
Read moreNÉBIH: Most of plum pálinkas complied with the regulations
Most of the plum pálinkas passed the food safety standards based on the examination of the National Food Chain Safety Office – the NÉBIH told MTI. The professionals selected 30...
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Back to school
Learning new things is one of the biggest driving forces for adults. Nestlé’s goal with the Youth Employment Initiative is to make entering the world of work easier for young...
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Chamber of Agriculture: 51 percent of the businesses are looking for skilled workers
51 percent of the food business enterprises are looking for skilled workers, 18 percent graduated workers, 7 percent are looking for higher education employees, and there is a 24 percent...
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GfK: the household appliances market is increasing with double-digit for three years now
GfK’s in-store sales figures show that the household appliances market has been developing dynamically in the past three years. The refridgerator and the washing machine exchange programs played a huge...
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(HU) IFS Húsipari Szakmai Nap (2017. április 20.)
Sorry, this entry is only available in HU....
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Better end-of-year performance from Hungary’s retail sector than the European average
Retail value sales augmented by 4.5 percent in the last quarter of 2016 in Hungary if compared with Q4 2016 – revealed the quarterly Nielsen Growth Reporter. This performance was...
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There isn’t enough rapeseed oil in Europe
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of...
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A rapidly expanding market
Grocery stores sold breakfast cereals, cereal bars, muesli, sesame seed and muesli bars for more than HUF 20 billion in January-December 2016. Like-for-like value sales were up 14 percent. Last...
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The performance of the Hungarian food industry grew by 1.5 percent last year
The performance of the Hungarian food industry grew by 1.4 – 1.5 percent last year, exceeding the industry average. The value of production amounted to 2880 billion HUF after the...
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Analysts: export growth may continue, but this year’s surplus may be smaller
In the next few months export growth may continue, but this year’s foreign trade surplus may be smaller than last year’s 9.935 billion euros surplus. The further strengthening in household...
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NÉBIH: it is worth to review the ham and egg labeling during purchase
It is worth to review the labelings of ham and eggs during Easter shopping. On the basis of the labeling, the customer can get information about product type and quality,...
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Sheep Product Council: this year’s Easter lamb exports are expected to be lower than last year
Compared to the average of 100-120 thousand Easter lambs, this year about 10 thousand less is expected to be exported to Italy, while the available price will also decrease –...
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The countyside is more efficient in the selection of beverage cartons
There are significant differences in the practice of selective collection among the population of the Hungarian cities – the Italos karton Környezetvédelmi Szolgáltató Egyesülés (Beverage Carton Environmental Services Association) wrote...
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Euro area’s investor sentiment is on its ten-year peak
Sentix’s euro zone investor sentiment index performed extremely well in April in Global comparision. The stock market investors were such optimistic in April in terms of investment outlooks as they...
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The Chamber of Agriculture this year will help in the submission of the single applications again
The National Association of Agricultural Economics (NAK) this year will also help in the submission of the single applications – the organization told MTI on Monday. The period for submission...
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The chains expect rising sales at Easter
The retail chains in Hungary expect a strong Easter traffic this year. Due to the store closure on Good Friday, Thursday may be one of the busiest days of the...
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Nielsen: ham and chocolate bunnies are dethroneable at Easter
The Easter season causes no surprises. Hungarians buy tons of cooked ham and a chocolate bunnies. The ham retail sales exceeded 7 billion HUF in March-April 2016, which is two...
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GfK: the market power of the discounters is improving year by year
According to GfK’s latest 2016 Trade Analyzes study analyzing annual trends, the commercial channels the discounters increased their market share, while the non-organized trade – street vendors and markets and...
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KSH: February’s imports grew faster than exports
In February the value of export in euros increased by 5.4, while the value of import in euros increased by 7.1 percent, compared to the previous year. The trade surplus...
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NÉBIH: customers are increasingly looking for quality products
Compared to the previous years, more and more customers are looking for quality products – Helik Ferenc, head of the board of directors of priority issues at the National Food...
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Hungarians spend 4-7 thousand HUF for toys during this Easter
Toys and games and candies are given to the Hungarian children during Easter. The parents spend an average of 4-7 thousand HUF for Easter gifts – according to the separate...
Read moreThe growth of retail sales slowed in the Czech Republic
Retail sales in the Czech Republic increased by 0.6 percent on an annual basis in February. In January, this indicator was 5.6 percent – the Czech Statistical Office (CSU) announced...
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Workforce shortage problem solved
As the problem of workforce shortage seems to be solved soon, the euro area may become stronger. At the end of last year the level of unemployment was the lowest,...
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Portugal to levy sugar tax on soft drinks
The Portuguese government expects to raise EUR 80 million for public health from introducing a sugar tax on soft drinks from 1 February 2017. The new tax would apply to...
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Lidl to provide services from Slovenia
Lidl plans to open an international services centre in Slovenia. The centre will specialise in administrative services. It will take about two years to complete the project and Lidl will...
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Everplast starts manufacturing recycled polyethylene foil
As a result of a HUF 440-million development project, Csömör-based Everplast Waste Recycling Zrt. has started manufacturing UV ray resistant foil in Sümeg – from the project’s budget HUF 220...
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Candy manufacturers expect similar or slightly higher turnover at Easter, compared to last year
The Hungarian Confectionery Manufacturers Association, in addition to an increase in the share of high-quality products expect a similar, or slightly higher Easter traffic than in last year – Sánta...
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