Market News
EU’s agri-food exports increased significantly in 2016
The European Union’s agri-food exports increased outstandingly in 2016, exceeding the previous year’s figure with 1.7 billion euros, reaching 130.7 billion euros – the European Commission said on Monday. According...
Read more
The number of card-accepting terminals may increase with 25-33 percent
This year an explosive growth is expected in the number of card accepting terminals – privatbankar.hu wrote. In Hungary, credit card acceptance points appeared with the development of the dual...
Read more
KSH: the improvement in employment came to a halt during the winter months
Between November 2016 and January 2017, the average number of employees was 4 million 401 thousand, 161 thousand more than the year before. The data shows a slight decrease of...
Read more
Applicants for rural development receive free assistance
The free services of the Széchenyi Program Office were expanded. The applicants of the rural development funds can receive free information and advice on development – the Prime Minister’s Office...
Read moreNearly 700 million HUF for irrigation water quality research
The Ecology Research Centre of the Hungarian Academy, the National Public Health Center, the Agricultural Research Centre of the Hungarian Academy of Sciences (MTA) and the Smaragd GSH Kft jointly...
Read more
Economic and business sentiment improved in the euro area in February
The European Commission’s business sentiment index and economic indicator improved in the euro area in February. A separate business confidence indicator, which points to the phase of the business cycle,...
Read more
A big gun enters the Hungarian market
In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...
Read moreNGM: retail sales are expanding for forty-two months
While retail sales are expanding for forty-two months, consumption has expanded at a rate has not seen since 2003 in 2016, thanks to improving employment indicators and the low inflation...
Read moreK&H: agricultural enterprises expect growth
The majority of agricultural companies expect increase, their investment intentions are also stronger than the investment intentions of other companies, but they expect to face many challenges in the coming...
Read moreFM: 5 billion HUF is given to the farmers to alleviate agricultural damages
The Ministry of Agriculture (FM) provides approximately 5 billion HUF to 3300 farmers to alleviate agricultural damages, due to the bad weather of last year – the FM told MTI...
Read more
Prime Minister’s Office: rural development applicants can get free assistance
The free services of the Széchenyi Program Office were expanded. The applicants of the rural development funds can receive free information and advice on development – the Prime Minister’s Office...
Read moreThe University of Kaposvár investigates the effects of a toxin polluting corn
The research of the University of Kaposvár investigates the endangering effect of the most common contaminant of corn (fumonisin mycotoxins) on the population. The institution is in collaboration with the...
Read moreConsumer sentiment deteriorated in the US
The University of Michigan’s consumer sentiment index fell to 95.7 points in February from the 98.5 points of January. The preliminary value of the index was 96 points. Within the...
Read more
The non-performing loans decreased significantly in the region
The stocks of non-performing loans (NPL) in the Central and Eastern European region of non-performing bank loans in 2015 decreased significantly to 49 billion euros, due to the attractive macroeconomic...
Read more
Cisco: mobile data traffic to increase seven-fold by 2021
Thanks to continued growth in the number of mobile phone users, mobile video, 4G networks and the Internet of Things, global mobile data traffic should increase seven-fold from 2016 to...
Read more
Oil price increase
At the end of last year commodity prices, especially that of oil, continued to increase. Since the price of oil has great influence on the revenues of developing market economies,...
Read more
Technology influences classic retail strategies
With the help of Frank Mayer and Associates, let’s examine what the future of retail will be like. 2017 will bring many things to the retail sector, including new programmes...
Read more
Online shopping is comfortable and offers good prices
The most important reasons why consumers decide to buy online are comfortable shopping and good prices – reveals a survey conducted every year since 2001 by eNET. In 2015 Hungarians...
Read more
Virtual shopper card for everyone
A new smartphone app called Fullcard can manage various loyalty cards and the offers in promotional leaflets, plus its geographical location function helps shoppers to find those offers which are...
Read more
Weekday shopping more important than before
Six months after the ban on Sunday trading was abolished, much fewer card payments are realised on the seventh day of the week than before. The latest data from Mastercard...
Read moreKSH: retail sales increased by 4.5 percent in 2016
The volume of retail sales increased by 4.5 percent in 2016 after the 5.8 percent increase of last year, while the calendar-adjusted figures indicate a 4.6 percent increase – the...
Read moreNielsen: retail sales increased by four and a half percent in the last quarter of 2016
In terms of value, retail sales in Hungary increased by four and a half percent in the last quarter of 2016 – Nielsen measured the food and chemical products market....
Read more
FruitVeB: average fruit and vegetable harvests last year
The output of the fruit and vegetable sector in 2016 is provisionally estimated at 280 billion HUF, 5-7 percent more than in the previous year – the Hungarian Fruit and...
Read moreConcorde: Hungary’s GDP growth may be over 3 percent this year
The Hungarian GDP growth this year may range between 3-4 percent, and next year it is expected to increase over 3 percent, due to the retail wage growth and the...
Read more
Wine competition for the “Wine of the Parliament 2017” title
Kövér László, Chairman of the National Assembly announced a wine competition for the “Wine of the Parliament 2017” title. According to the communication of the parliamentary press office, the bottled...
Read more
The NÉBIH seized more than 100 tons of unmarked feed
The National Food Chain Safety Office (NÉBIH), seized more than 100 tons of unmarked, partly illegal feed at two venues in Pest County. According to the communication of NÉBIH sent...
Read more
Hungarian food products in Sweden
Sweden is four and a half times bigger than Hungary but its population is about the same. Almost 70 percent of Sweden is covered by forest, therefore only 7.5 percent...
Read more
Optimistic consumers
Germany has a 16-percent share in Hungary’s total food export– in January-October 2016 its value was EUR 1.04 billion, 3 percent more than in the same period of 2015. From...
Read more
Retail sales: increase in value, decrease in volume
In January-October 2016 Hungarian companies sold EUR 211 million worth of food in the Netherlands – this represented 3 percent of our total food export. This sum was 59 percent...
Read moreMagazine: Fierce competition for housewives
Compared with 2015, dishwasher detergent sales increased in 2016. Dishwasher tablet sales contracted a little, while dishwasher gales performed a bit better. Washing-up liquid sales decreased, with large-sized products producing...
Read more