Market News

Consumer recognitions can bring significant sales growth

The winning of the Product of the Year Award (POY) award may bring an average of 40 percent increase in traffic for the brands, but the scope of consumers may...

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Beekeepers proposed a honey data bank

There is a need to create a EU honey data bank, in order to reduce the counterfeit import products mainly from Asia – Bross Péter, president of the Hungarian National...

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Fish can be cheaper in stores

The Ministry of Agriculture (FM) initiates a VAT reduction for fish, because the measure would whiten the sector and would contribute to double the consumption of fish in a few...

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Chamber of Agriculture: sectoral cooperation should be placed on new basics

The cooperation in agriculture should be placed on new basics. Integration should be made more attractive – Győrffy Balázs, president of the National Association of Agricultural Economics (NAK) said at...

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KSH: foreign trade turnover started the year well

In January, the value of export in euros increased by 14.3 percent, while the value of import increased by 15.1 percent, compared to the same period of the previous year....

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Major frost damage in the autumn rape

Frost damages affected the winter wheat, winter barley and triticale smaller than expected, but the autumn rape suffered major frost damages in Békés county Kulcsár László, Békés county chairman of...

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Large stores becoming more important in grocery retail

December 2015-November 2016 grocery retail sales valued at HUG 1,620 billion. Value sales were up 2 percent but volume sales dropped 1 percent in the 90 food categories audited by...

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Packaging is a ‘dark horse’ in the case of breakthrough innovations

Nielsen analysed the market performance of 9,900 new products in its latest Breakthrough Innovation Report. There are eleven products in the report that realised at least EUR or GBP 7.5-million...

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2017 – Az új lehetőség!Magazine: 2017 – The new opportunity!

It is interesting to monitor the changes in the labour market. It seems to me that job security is still a very important factor, especially if there is only one...

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11.2-billion dollar turnover estimated in the electronic display market

A report by Technavio forecasts that the growth rate of the in-store display market will be 16 percent between 2017 and 2021. The main driving force behind this growth will...

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Coffee, tea, bread and detergent: premium products Hungarians would buy for more

40 percent of Hungarian consumers would pay more than the average price for premium quality coffee or tea. 39 percent would do the same when buying bread or other baked...

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Fazekas: a strong CAP is needed after 2020

Hungary will do everything to ensure to give a strong and appropriate budget to the Common Agricultural Policy (CAP) after 2020. In order to reach this goal the Member States...

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Inflation accelerated as expected

Inflation accelerated in February in Hungary by 2.9 percent, in line with the analysts’ expectations. In the coming months, inflation may exceed 3 percent, but the macroeconomic analysts interviewed by...

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The NÉBIH tested spiral-shaped pastas

At the lastest product test of the National Food Chain Safety Office (NÉBIH) 23 objections were raised out of 33 pastas – the agency told. During the product test, the...

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Massive bee mortality in Somogy county

Although precise data has not been disclosed yet, but experts say that bee mortality is 30-40 percent in the apiaries in Somogy county – sonline.hu wrote. Who could not make...

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NGM: customs and VAT revenues increased

In the first two months of the year, Hungary’s EU customs revenues increased with almost 5 billion HUF, while 4.3 billion HUF more Value Added Tax (VAT) flown into the...

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Slovenia is at the forefront in the origin protection of traditional agricultural products

Slovenia is at the forefront in the community preservation of origin protection of agricultural products and geographical indications. Slovenia applies for protection for more products than Austria, Hungary or Croatia...

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Air freight and passenger traffic has increased

According to the International Air Transport Association (IATA) data, an increase occurred in air freight and passenger traffic in January compared to the same period of the previous year. According...

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Artificial intelligence technology for Hungarian HR experts

SAP has added new functions to its technology used by HR experts. Thanks to the artificial intelligence function of the cloud computing-based software, HR experts will have to do less...

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Rabbit, hop!

Confectionery manufacturers are optimistic ahead of the Easter season. Last year Easter confectionery sales were lower than in the year before. This had to do with a few percentages higher...

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Prices increased by 0.4 percent on average last year

According to data from the Central Statistical Office (KSH), in December 2016 consumer prices were 1.8 percent higher on average than a year before. In 2016 consumer prices elevated by...

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Inflation has jumped

In February, consumer prices were an average 2.9 percent higher than a year before and rose 0.4 percent in a month – the Central Statistical Office (KSH) announced on Wednesday....

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Fifth of the honey on the EU market is fake

The European Commission’s highlighted honey investigation has confirmed the suspicion of farmers. Thanks to the most modern methods it turned out that fifth of the honey available in the common...

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EU action is needed to protect European rice production

EU action is needed to protect European rice production – Fazekas Sándor, Minister of Agriculture, told – the Ministry of Agriculture (FM) informed MTI. The FM told that Fazekas Sándor...

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Another 80 billion HUF will be available in the Rural Development Programme by the end of March

Another 80 billion HUF will be available in the Rural Development Programme in thirteen proposals by the end of March. Kis Miklós Zsolt, Minister of State of the Prime Minister’s...

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Offering an experience is now more important in serving customers

On 26 January 2017 Monte City Event Palace was the venue of the 8th Excellence in Serving Customers Conference and Gala, which was organised by ClientFirst Consulting. At the event...

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Where did Hungarians’ work motivation go?

In November 2016 GKI Economic Research Zrt. conducted a representative survey with the participation of 987 companies, trying to find the answer to questions such as ‘Why are companies unable...

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Last year the labour market was livelier

According to data from the Randstad Workmonitor, 2016 was a busier year in the labour market than the previous two: most people – every fifth worker – switched jobs between...

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Special Golden Chocolate Egg

Golden Chocolate Egg is a special product because inside each chocolate egg there is certified jewellery: the majority of pieces are quality fashion items, but lucky women can also find...

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