Market News
Analysts expect a rise in consumption
Retail sales in May rose much higher than expected. Retail sales reached the best result of this year, analysts told MTI, who are expecting strong purchasing power and rising consumption...
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A campaign is launched for the consumption of high quality domestic melons
The National Agricultural Chamber, the Ministry of Agriculture and the Agrármarketing Centrum Nonprofit Kft. are launching a melon promotion program. Within this, tastings will be held in the storesd seven...
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The FM considers the expansion of the Hungarian-Russian agricultural cooperation important
One of Hungary’s most important strategic partners is Russia, so Hungary continues to be interested in the widening of the Hungarian-Russian agricultural co-operation. The export of non-embargoed products is playing...
Read moreThe savings banks would increase their market share in agriculture
The savings banks would increase their market share in agriculture, and in addition to maintaining their existing customer base, they would like to expand the financing of the medium and...
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That’s how the grilled turkey will be really is delicious
During the summer months, grilling is one of the most popular activities when cooking can finally get out of the kitchen. No wonder, besides the delicious snacks, it is often...
Read moreBisnode: the number of liquidations decreased
Liquidations and redundancies continued to declinein the first quarter of this year – the Bisnode Magyarország Kft. told MTI on Wednesday. According to the quarterly analysis, the sharp decline in...
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The Ombudsman urges the accessibility of online cash registers
The Commissioner for Fundamental Rights urges the accessibility of online cash registers for blind and partially sighted people, the Ombudsman’s Office told MTI on Thursday. According to the statement, a...
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Handbags were popular on Mother’s Day
According to a new survey by Loop Commerce, many shoppers opt for handbags and purses as a Mother’s Day gift. Loop Commerce analysed sales data from Macy’s, Saks Fifth Avenue,...
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Industry 4.0: data-driven manufacturing is already here
IT makes the production process more efficient. At the beginning of the fourth industrial revolution digital solutions need to be considered in manufacturing too. Industrial machines now have their digital twins, and...
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Smart homes is a possibility
Research by Accenture has found that the time of smart homes hasn’t come yet, but they will spread soon. The Internet of Things (IoT) will create new growth opportunities for communication...
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Parliament gives green light to tax package
The Hungarian parliament has given a green light to the 2018 tax package. The VAT on internet services reduces by 13 percentage points to 5 percent – this step will leave...
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Retail sales jumped 3.2 percent in April
In April 2017 like-for-like retail volume sales augmented by 3.2 percent; adjusted for calendar effects, the sales growth was 1.7 percent – reported the Central Statistical Office (KSH). Food and...
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Above-average food price increase in May
According to data from the Central Statistical Office (KSH), in May 2017 consumer prices were 2.1 percent higher on average than a year before. In comparison with May 2016, food...
Read moreKSH: Retail sales increased by 6 percent
The volume of retail sales turnover grew by 6.0 percent according to the raw data. Calendar effect adjusted, the increase was 5.4 percent in May compared to the same period...
Read moreFazekas: Turkish export is a good opportunity for Hungarian farmers
In particular, Turkey is a good market for cattle exports, but on the basis of recent meetings it is possible to build Hungarian slaughterhouses in Turkey in the form of...
Read moreK&H: the confidence of Hungarian companies decreased slightly
The confidence of the micro, small and medium-sized enterprises (SMEs) has weakened slightly, the K&H SME confidence index reflecting the companies’ expectations for a year now is down by two...
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A Kosher slaughterhouse was handed over in Csengele
The slaughterhouse was inaugurated by the Israeli Chief Rabbi and the Minister of Agriculture. The plant will provide jobs to 260 people. The new facility will primarily produce for export...
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The growth in the economic performance of the euro area has slowed
The growth in the economic performance of the euro area slowed in June, according to a survey by the IHS Markit Economics Research Institute carried out among Enterprise Purchasing Managers....
Read moreGermany has a positive attitude towards the Silk Road Initiative
Germany has a positive attitude towards China’s Silk Road Economic Zone initiative and can take part in its implementation – said German Chancellor Angela Merkel on Wednesday after meeting with...
Read moreCisco: data traffic can be tripled within a few years
Earth’s Internet data traffic can be tripled to 3.3 zetabytes, ie nearly 3,000 billion gigabytes by 2021, and the world wide web will have more than 4.5 billion users, so...
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Automation is key in becoming more efficient
WebEye Telematics Group collects data on vehicles, drivers, trailers and cargo and analyses them, so that freight forwarders can increase their efficiency. Károly Deszpot, managing director of WebEye Magyarország Kft....
Read moreA disadvantage for foreign freight forwarders
In March the German parliament gave a green light to a law, according to which drivers aren’t allowed to stay in their truck for their 45-hour rest period. MEP Andor...
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Agrarian Chamber: The grilling market is developing dynamically in Hungary
The grilling market in Hungary is developing dynamically, and producers have also reacted to this trend, as semi-finished and ready-made products for grilling have appeared on the Hungarian market, Györffy...
Read moreAgrarian Chamber: average yield is expected this year
This year, average yield is expected, but the yield will drop appreciably compared to last year, as farmers are unlikely to repeat last year’s highs – Győrffy Balázs, president of...
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The European Parliament argued for the production of longer-life products
Members of the European Parliament (MEP) at the plenary session in Strasbourg on Tuesday introduced arguments for introducing of longer-life products. The MEPs underlined that 77 percent of European consumers...
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MNB: households took more loans than repaid, companies were net credit repayers in May
Households took more loans than they repaid in May, but companies were net credit repayers and deposits in both sectors grew according to seasonally adjusted data, published on Tuesday by...
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Fruit-genebank is in danger
The pomological research station in Érd is in danger, because of the establishing of an industrial park. According the ombudsman, the research station must remain at its original place in...
Read moreHENT: Mapping the Real Routes of Tr ade in Fake Goods
You may read the entire report if you click here: http://euipo.europa.eu/tunnel-web/secure/webdav/guest/document_library/observatory/documents/reports/Mapping_the_Real_Routes_of_Trade_in_Fake_Goods_en.pdf...
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Magazine: Retail trends from a market researcher’s perspective
At the April meeting of the Trade Marketing Club the directors of Nielsen and GfK spoke to club members about the FMCG retail trends of 2016, analysing retailers, categories, brands...
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The Nébih has started the summer seasonal food chain check
Summer Seasonal Food Chain Check has begun: Between July 1 and August 31, the National Food Chain Safety Agency (Nébih) and the regional food chain supervisors specialists focus on food...
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