Market News
Consumer prices in the euro area and in the EU increased at a slowing pace in May
Annual comparable consumer prices increased in the euro area and in the European Union in May. According to figures, published by the European Union’s Statistical Office (Eurostat) on Friday, consumer...
Read moreThe NAV seized more than seven million HUF worth untaxed cigarettes
The National Tax and Customs Administration’s (NAV) finance officers found about seven thousand packs of untaxed cigarettes at the Kőbánya Railway Station Two men wanted to transport the cigarettes with...
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The deficit of the Romanian agro-foreign trade balance was around 75 percent in the first quarter
In the first quarter, the deficit of Romania’s agricultural and foreign trade balance grew by almost 75 percent to 460.37 million euros, according to the data of the Romanian Ministry...
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Magazine: The most influential retail trends in 2016
How did Hungarian FMCG retail perform in 2016? Value sales improved by 2.8 percent if compared with the 2015 level. Volume sales dropped 1.1 percent and prices augmented by 3.9...
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Good quality melon will be harvested this season
Thanks to the long-lasting warmth, the Hungarian melon production will have a good quality this year again – the National Agricultural Chamber (NAK) told MTI. In Hungary – basically because...
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Price difference between the EU Member States is almost threefold
There were very big differences in the price level of goods and services in the various Member States of the European Union last year: Denmark was the most expensive and...
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MNB: almost two-thirds of the card purchases were contactless payments
The expansion of electronic cash flow in the first quarter of 2017 continued to rise: contactless payment has become dominant, 63 percent of the purchases were carried out this way,...
Read moreLand turnover increased by more than double last year
Thanks to the Farmers’ Growth Program the land turnover more than doubled last year according to the OTP Farm Land Map Analysis. Based on the size of the total land...
Read moreThe representatives of the grape and wine sector suggest sector-specific solutions and self-regulation
The Commission proposes that every alcoholic beverage label should indicate its caloric content and warn young people about the dangers of drinking and drunk driving. The four largest European lobbying...
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China votes for organic fertilizer
A program was launched by the Chinese Ministry of Agriculture for the replacement of fertilizers with organic fertilizers in hundred areas of the country – tozsdeforum.hu wrote. The central budget...
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National hailstorm damage reducing system from May 2018
It is very likely that by May next year a nationwide hailstorm damage reducing system will be operational. Hungary’s territory will be divided into 10km by 10km squares, where anti-hailstorm...
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Online supermarket in Berlin
Amazon has launched the AmazonFresh service in Berlin. The online retailer offers its full grocery assortment online – 85,000 products, from fresh food to frozen food and drinks. Florian Baumgartner,...
Read moreHungarians drink more and more flavored non-alcoholic and special beers
The value of the retail turnover of beer in Hungary remained unchanged from 2015 to 2016 and decreased by 1 percent in volume. Hungarians purchased beer in a value of...
Read moreWe spend one of four forints on own branded products
The market share of the supermarket chains’ own branded products is growing steadily, according to Gfk’s survey. By the end of 2016, their market share reached 25 percent, ie one...
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Cerbona and Ham-Let in one hand
The owner of the Cerbona Élelmiszeripari Kft. purchased the Agrimill-Food, the producer of the Ham-Let puffed cereal slice, so the two known brands came in one hand. The further operation...
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EU Court of Justice: the milk product designation can be applied for only products of animal origin
In today’s judgement, the Court observes that the relevant legislation reserves the term ‘milk’ only for milk of animal origin. Purely plant-based products cannot, in principle, be marketed with designations...
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The collection of national values and hungaricums is supported by the Ministry of Agriculture with 223 million HUF
The Ministry of Agriculture (FM) will announce an open call for funding for the collection and promotion of national values and hungaricums, with a budget of 223 million HUF –...
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The number of employed broke record in the EU and in the euro area
The number of persons employed increased by 0.4% in both the euro area (EA19) and in the EU28 in the first quarter of 2017 compared with the previous quarter, according...
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Aldi and Lidl are expanding in America
A decade long supermarket battle in Europe is moving to the U.S.A., adding to the competitive pressure in an industry embroiled in a deflation-fueled price war. Aldi, known for low...
Read moreUS retail sales declined
Contrary to the modest growth expectations of the analysts, US retail retail sales declined significantly in May. On Wednesday, the US Department of Commerce reported that the seasonally adjusted retail...
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Magazine: FMCG’s ‘name will be noble once more, worthy of our past, our great lore…’?
8565.pngFMCG’s ‘name will be noble once more, worthy of our past, our great lore…’? In the last few years the FMCG sector was unable to attract the best workers. Although...
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KSH: agricultural producer prices have accelerated in April
The growth rate of agricultural production prices accelerated in April: the annual growth rate was 4.1 percent after the 1.4 percent in March, the Central Statistical Office (KSH) announced on...
Read moreGrain growers: 10-20 percent less grain yields due to the lack of rain
Due to the lack of rain, 10-20 percent less grain may be produced this year – the chairman of the National Association of Cereal Producers (GOSZ) told MTI. Vancsura József...
Read moreHungary is in the last quarter of the EU ranking in terms of GDP and individual consumption
Last year, Luxembourg was the wealthiest member of the European Union: in terms of purchasing power parity, on the basis of the gross domestic product per capita (GDP) and per...
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MNB: Hungarian households are more wealthy than their Slovak and Polish counterparts
According to statistics, the financial savings of the Hungarian households compared to the GDP have increased significantly since the economic crisis in 2008 and are high in international comparison as...
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The “Adopt a Furmint” program helps the young Hungarian agricultural researchers
The “Adopt a Furmint” program helps the young Hungarian agricultural researchers by creating application and scholarship opportunities. The initiative was launched in conjunction with this year’s Furmint Year program –...
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Exciting names make vegetables more attractive
The thrilling name makes vegetables more attractive: if they give them an interesting fantasy names like “sizzling beans”, or “dynamite beetroot” or “citrus-brown twisted carrots”, at the canteen a lot...
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Every month, disadvantaged young children are given food packages in three counties
Disadvantaged children under age 3 receive monthly food packages in Szabolcs-Szatmár-Bereg, Hajdú-Bihar és Borsod-Abaúj-Zemplén counties with the support of a European Union-funded program – the Minister of State of the...
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