Market News
Business confidence improved significantly in the SME sector
Business confidence improved significantly in the small and medium-sized enterprises (SMEs) sector, compared to the previous quarter – the MKIK Institute for Economic Research and Enterprise Research (GVI) told MTI....
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Budapest Bank survey on EU funds
Hungary’s companies have claimed 270 billion HUF of preferential credit products combined with non-refundable EU grants, which is more than half of the announced budget – Budapest Bank (BB) told...
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Foreign trade surplus can reach 9.5 billion euros this year
The foreign trade surplus can reach 9.5 billion euros this year, so it can lag just a bit behind the 9.935 billion euros of last year, according to experts interviewed...
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Hungary spends the most on leisure and cultural activities in the EU in the proportion of the GDP
On average, the EU member states spend one percent of their gross domestic product (GDP) for the support of leisure, cultural and religious activities. In the proportion of the GDP...
Read moreThe NAV caught the members of the cigarette smuggling criminal organization in Szabolcs county
The National Tax and Customs Administration (NAV) found a twelve-membered cigarette smuggling criminal organization in the Nagyhódos region of Szabolcs-Szatmár-Bereg County. Four members of the gang were arrested by the...
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Magazine: Impulses at home and in the shops
According to Balázs Hunya, refreshment marketing intern of Unilever Magyarország Kft., the weather has the biggest influence on sales in the impulse ice cream categories. In grocery stores family box...
Read moreAnalysts: strong consumer confidence maintains the growth in retail sales
Growth in retail sales in June was expected, due to the strong growth of wages in April and May. The growth in real wages and the 11-year high consumer confidence...
Read moreFM: the number of bee families exceeds one million
The Hungarian honey is excellent, its production is based on traditions and production technology, Nagy István, Parliamentary Minister of State of the Ministry of Agriculture told M1 news channel on...
Read morePeople over 50 spend three quarters of their income on overhead, food and medicine
In Hungary, people over 50 spend more than three-quarters of their monthly income on overhead, food and medicines, nine percent of their earnings are spent on leisure activities, and two...
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K&H: more than third of young people have savings
More than third of the young people (between age 19-29) have savings, most of them are saving to buy a home – according to K&H’s quarterly survey. According to the...
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FM: 200 million HUF for developing environmentally conscious waste collection approach
A call will be announced for NGOs, local governments and churches to raie public awareness on waste management and the promotion of environmentally conscious thinking – the Minister of State...
Read moreRomania’s retail sales grew by nearly 8 percent
The volume of Romanian retail sales increased by 7.8 percent in the first half of the year, compared to the same period of last year, according to the Romanian National...
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Ifo: the economic mood index of the euro area has reached almost seventeen-year high
The economic indicator of the euro area’s economic climate has not seen an unprecedented level in the third quarter for almost seventeen years, according to data published by the Ifo...
Read morePenny Market has signed a 3 year-long sponshorship agreement with FTC
A Penny Market Ltd., the CEO FTC Soccer Zrt. és a Groupama Aréna have announced wihin the compass of the Lagardére Sports Hungary Ltd. press coference that they have sined...
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FM: the number of producer markets has almost tripled
Thanks to government support, the number of producer markets has almost tripled since 2010 – according to the information of the Ministry of Agriculture (FM), after Nagy István Parliamentary Minister...
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FM: the development of vegetable and fruit growing is an important task
The development of vegetable and fruit growing is an important task – the Parliamentary Minister of State of the Ministry of Agriculture said on Friday in Bősárkány, Győr-Moson-Sopron County. Nagy...
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Nébih: Hungary is not involved in the “Dutch egg case”
Hungary is not involved in the “Dutch egg case” on the basis of current information – the National Food Chain Safety Office (Nébih) told MTI. The Minister of State responsible...
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No significant decrease is expected in the number of food and drink vending machines
No significant decrease is expected in the number of food and drink vending machines, according to the Magyar Posta. More than 27,000 electronic registrations have been received for vending machines...
Read moreBeer production increased in the EU last year
Last year, 39 billion liters of beer was produced in the European Union, 400 million liters more than in 2015. The Union’s beer production was 76 liters per capita in...
Read moreThe focal point of African swine fever is closed by fence in the Czech Republic
The focal point of African swine fever in the Zlin region of East Moravia is closed by fence to prevent the spread of the epidemic, the local government said. There...
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Lidl opens first US stores
In the middle of June Lidl started conquering the US market with 10 stores. A major promotion campaign preceded the launch and the first 100 shoppers got a USD 100...
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Farm development programmes are coming
Funding opportunities in this year’s Farm Development Programme have been announced in June. The programme’s budget is HUF 225 million and the details are available to prospective applicants on the...
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New spice factory opens in Nagytarcsa
Hungarian company Innovofoods Zrt. has built a spice factory in Nagytarcsa. The factory’s production capacity is 10 tons per shift. It cost HUF 500 million to build the new production...
Read moreKSH: growth in retail sales continued in June
In June, retail sales increased by 5.5 percent in year-on-year comparision and calendar effect adjusted increased by 6.0 percent. In the first half of the year, the turnover grew by...
Read moreBeer Association: this year’s beer consumption rises, but it has not yet reached its peak
The hot summer has its impact on the Hungarian beer market, this year beer consumption rises, but it has not yet broke the average consumer peak of the nineties –...
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Heat Wave Fruit: The peach is the favorite in the hot
If there is a heat wave then it’s peach. The warm weather has a strong impact on quality. Excellent flavored fruits are produced this year – the panorama of the...
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Retail sales increased in the European Union
The pace of retail growth in June accelerated both the euro area and in the EU – Eurostat’s figures show. Eurostat estimated that the volume of retail sales, compared to...
Read moreMKIK GVI: Businesses are more positive about their situation
Businesses more positively assess their current profitability, order stock and business position than a quarter earlier, according to the July data survey of MKIK and GVI. The business climate index...
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A bakery in Budapest was closed by Nébih
Because of severe hygiene problems, a bakery in Budapest was closed down immediately by the National Food Chain Safety Office (Nébih). At the on-site inspection of the National Food Chain...
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Growers are ready for the melon season
On 15 June 2017 the Hungarian Association of Melon Growers and the representatives of retail chains met in Dunaharaszti, to discuss the forthcoming melon season. Balázs Győrffy, president of the Hungarian...
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