Market News
FM: The government supports the modernization of milk production and processing
The government supports the modernization of the dairy production and the establishment of modern dairy plants with various forms of support – Nagy István, Parliamentary Minister of State Secretary of...
Read moreNGM: retail sales are increasing for forty-six months
Hungarian retail sales have been rising steadily for forty-six months – Marczinkó Zoltán, Deputy Minister of State of the Ministry of National Economy (NGM) told M1 channel on Tuesday in...
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It is not easy to release pig and poultry GMOs
The replacement of genetically modified (GMO) soybeans in cattle breeding can be relatively easily solved, but in the case of pigs and poultry, the Germans and Austrians who are far...
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EU and euro area retail sales increased
Growth occured in retail sales in April in the European Union and in the euro area. Eurostat said on Tuesday that according to the seasonally adjusted data, retail sales increased...
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What makes a dietary supplement safe?
How can we know that a dietary supplement is safe and does not contain any prohibited substances that can be dangerous to our health? The Laboratorium.hu survey reveals what the...
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Shops can sell sprits during the night in Kiev again
The Ukrainian court of appeal has issued a final decision to allow it to sell spirits during the night in Kiev’s stores – the Ukrainian anti-monopoly committee announced on Tuesday...
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Major growth in the Hungarian cloud computing market
This year up to USD 1.15 billion may be spent on public cloud computing services in Central and Eastern Europe – according to a forecast by IDC. This would constitute...
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Online shops to pay bigger fines
Ákos Kara, secretary of state responsible for infocommunication and consumer protection informed that the name of online shops that don’t comply with the regulations will be registered in an online...
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Five billion to be paid to ransomware attackers
This year the number of ransomware attacks has been growing exponentially, and in accordance with this USD 5 billion will be paid to attackers this year at world level –...
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Magazine: Pasta: a healthy choice
Hungarians like pasta, this is well-reflected by the fact that we are seventh in the European pasta consumption ranking. Although the product is healthy, sales only expand in certain segments....
Read moreKSH: growth rate of retail sales consolidated in April
In April, the volume of retail sales grew by 3.5 percent according to the raw data, while calendar effect adjusted, mainly due to the Easter effect increased by 2.0 percent...
Read moreVisegrád countries: EU’s food independence had to be ensured
An Extraordinary Meeting of the Agrarian Chambers of the Visegrád Four Countries (V4) was held on 1-2 June 2017 in Nadarzyn, near Warsaw. The Agrarian Chambers of the Visegrad Four...
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A 110-day promotion campaign was launched by the 110-year-old Theodora
Hungary’s historic mineral water is 110 years old. Theodora’s bottler, the Szentkirályi-Kékkúti Mineral Water Ltd. launched a 110-day promotion on the occasion of the jubilee anniversary. The campaign focuses on...
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HIPA’s President presented the Competitiveness Improvement Package to large companies
Ésik Róbert, Chairman of the National Investment Agency (HIPA), a member of the National Competitiveness Council presented a package of proposals compiled to improve the competitiveness of Hungary with improving...
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The Hungarian SMEs could meet with business development services within the series of events of MNKH and EEN
The Hungarian National Chamber of Commerce (MNKH) and the Enterprise Europe Network (EEN) organized a seven-station series of events for the enterprise development of the Hungarian SMEs. In the framework...
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The African swine fever (ASP) appeared near the Hungarian border
Again, the African swine fever (ASP) appeared near the Hungarian border; The virus was detected from a wild boar shed in Beregújfalu. The incident was notified by the Transcarpathian authorities...
Read moreGrowth in retail sales slowed in the Czech Republic
In April, retail sales in the Czech Republic rose by 2.7 percent year-on-year, after the 8.7 percent of March – the Czech statistical office (CSÚ) reported in Prague. Retail sales...
Read moreGlobal air cargo and passenger traffic increased
According to the data of the International Air Transport Association (IATA), air cargo and passenger traffic increased significantly in April compared to the same period of last year. According to...
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Favourable price and quick service is the key to sharing economy
The “sharing economy” is a term frequently incorrectly applied to ideas where there is an efficient model of matching supply with demand, but zero sharing and collaboration involved. Platforms such...
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Magazine: Consumers expect more from yogurts
In the past few months plain yogurt sales decreased in value and stayed put in volume, while fruit yogurt sales didn’t change in value but reduced in volume. Henriett Szabó-Spanyol,...
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The SME lending grew by 12 percent in 2016
Corporate lending increased in 2016 in an extent has not seen since the crisis. Corporate lending increased by 4 percent. The SME loan portfolio increased by 8 percent, and extended...
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VAT and its effects
When the new VAT rates were introduced in January, many thought that the 5-percent VAT on poultry, fresh milk and eggs would result in a market restructuring, e.g. consumer demand will increase for these products,...
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Tesco, Coop and SPAR are the top three retailers in 2016
TESCO is still Hungary’s biggest retailer, with an estimated annual turnover of HUF 790 billion, followed by COOP in Trade magazin’s FMCG retailer ranking in 2016. SPAR finished at the...
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Large stores with a high market share
Between April 2016 and March 2017 fruit yogurt sales exceeded HUF 37 billion. Value sales didn’t change in the examined period but volume sales decreased by 1.3 percent. Plain yogurt...
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Milk Product Board: milk production grew by 10 percent over the past three years
Over the past three years, there has been a clear improvement in the dairy industry in Hungary, as domestic milk production grew by 10 percent between 2013 and 2016, the...
Read moreNew Gozsdu Courtyard opens in Eger, and the star wineries are also taking part
Those people who visit the Eger wine region will find exciting developments. The Wineries are increasingly linked to (wine) tourism, and outstanding items can be found at the less known...
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What are we going to drink this summer?
As the summer approaches, we need to pay more attention to hydration, to ensure the body’s liquid needs. According to a recent surveys, we are choosing drinks more and more...
Read moreLondon analysts: we can expect strong growth in Central Europe
According to London’s financial analysts, the fresh factory activity figures in the emerging European region indicate that the strong growth in Central European EU economies continues. The economists of Capital...
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NGM: researchers won 7.6 billion HUF grant
Twenty research institutes have won a development aid of 7.6 billion HUF in the framework of two calls from the Competitive Central Hungary Operational Program (VEKOP) – Rákossy Balázs, Minister...
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German multinationals want standardised online identification
Leading German multinational companies wish to develop a multi-industry technological platform that would make standardised online registration, electronic identification and other data services available to companies. The new solution could...
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