Market News
Oral care category gains momentum
Combined sales of toothpaste, toothbrush, mouth wash and electric toothbrush exceeded HUF 23 billion last year – they were worth 5 percent more than in 2015. TOOTHPASTE: last year toothpaste...
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Unproportionate fines on the motorway
The Court of Justice of the European Union (CJEU) ruled that the Hungarian regulation for punishing those who miss road toll payment is against EU law (Eurovignette directive). Two Hungarian...
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Sales increase in both value and volume
Annual deodorant sales are just below HUF 18 billion. Both value and volume sales increased by 3 percent in the February 2016 and January 2017 period. Sales are very much...
Read moreGrowth in retail sales may accelerate in the coming months
Growth in retail sales may continue to accelerate in the coming months – according to analysts interviewed by MTI. According to the first estimate released by the Central Statistical Office...
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The MLE and the MTE are protesting against the increase of advertising tax
The position of the Association of Hungarian Newspaper Publishers and the Association of Hungarian Content Providers is unchanged, and again we express our serious concerns about the expected effects of...
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FM: The sheep and goat sector performed well in recent years
The sheep and goat sector performed well in recent years and its production increased by 11 percent in volume between 2010 and 2015, rising by almost 50 percent at current...
Read moreA new grain strategy has been formulated by professionals
The further expansion of the Russian and Ukrainian production, which already dominates the cereals market, threatens the export markets of domestic farmers. In order to preserve their traditional markets and...
Read moreMoody’s: the slowdown in productivity growth is one of the major global growth risks
The persistent decline in labor productivity growth, one of the key drivers of overall economic performance, corporate profitability and the government tax base, remains among the most significant risks to...
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This year the industry can be the engine of job creation
According to K&H’s latest SME confidence index, the majority of Hungarian businesses plan to continue working with the same number of employees in the next 12 months. Viktor Zoltán Kovács,...
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Number of companies dropped to the 2009 level in Hungary
In the first quarter of 2017 10,358 companies were deleted and only 6,600 new ones were started. Due to this, the number of businesses went below 540,000 in Hungary. Richárd...
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No change in sales concentration
COOKING OIL sales exceeded HUF 30 billion in the February 2016-January 2017 period. Value sales grew by 6 percent but volume sales dropped 2 percent. There was no change in...
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Magazine: Familiar Flavours Reloaded!
Do you wish to eat something that can be prepared quickly, fits into a balanced diet and is tasty? We have good news for you: MAGGI Familiar Flavours Reloaded products...
Read moreKSH: retail sales grew in March
According to the raw data, the turnover of retail stores increased by 3.6 percent In March, compared to the same period of last year. Calendar effect adjusted the turnover of...
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Professional organizations are asking for the termination of the advertising tax
According to the Hungarian Advertising Association (MRSZ) and its affiliates, the advertising tax should be terminated immediately and they reject the intention of the government to maintain advertising tax, as...
Read moreThe 2017-2021 convergence program expects a vigorous economic growth
After a successful crisis management period, one of the main goals of the government’s economic policy is to increase the country’s competitiveness, which, in addition to stimulating the economy, will...
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FM: about 40,000 hectares are affected by frost damage
Due to the extreme weather and the great cold, some 40,000 hectares were hit by frost damage, the producers are facing a difficult year – Fazekas Sándor, Minister of Agriculture...
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EU retail sales declined
Monthly retail sales declined in March in the European Union, but increased in the euro area. The EU’s statistical office (Eurostat) on Thursday announced that according to seasonally adjusted data,...
Read moreJó rajtot vett a román kiskereskedelem
Az első negyedévben 6,9 százalékkal nőtt a román kiskereskedelmi forgalom volumene a tavalyi azonos időszakhoz mérten – közölte a román országos statisztikai intézet. A szezonális és naptárhatással kiigazított érték szerint...
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GKI: Inflation is speeding up, external and internal balance to worsen a little
Last year the Hungarian GDP growth was 2 percent, just as GKI predicted it would be – less than the 2.5 percent targeted by the government and the 2.8 percent...
Read moreTakarék Csoport: investment mood in agriculture continues to be strong
Although the number of worries has increased in agriculture due to the trend in profitability, the investment climate is still strong: most of the farmers are still planning to increase...
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The new AMC applications have been announced: up to 50 percent support is available
From today, foundations, associations, and inter-branch organizations promoting the products of the Hungarian food economy and representing the agricultural sector can apply for 90 million HUF non-refundable subsidies in 3...
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KSH: exports increased by 5.5 and imports increased by 7.5 percent in February
In February, the value of exports in euro increased by 5.5 and imports increased by 7.5 percent, compared to the previous year. The surplus of exports fell by 86 million...
Read moreThe importance of beekeeping is unquestionable
The importance of beekeeping is unquestionable. Its direct economic impact can be measured in billions, and indirectly it has a main role through pollination in order to maintain ecological balance...
Read moreFour out of ten SMEs are preparing for investment
The investment willingness of the businesses remains low: 41 percent of the small and medium sized enterprises (SMEs) plan some development in the next year, according to the latest figures...
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Nébih: the food chain management fees should be reported
The National Food Chain Safety Office (Nébih) told MTI on Tuesday that this year’s electronic reporting interface for the food chain management fee is available from 3 May. According to...
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This year 1,225 billion HUF can be used to finance the Farm Development Program
This year, 1,225 billion HUF can be spent on funding the Farm Development Program of the National Farming Program – the Deputy Minister of State of the Ministry of Agriculture...
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Inflation is speeding up, external and internal balance to worsen a little
Last year the Hungarian GDP growth was 2 percent, just as GKI predicted it would be – less than the 2.5 percent targeted by the government and the 2.8 percent...
Read moreCoface: favorable prospects in the Central European Region
It is expected that the Central and Eastern European countries this year will reach a GDP growth excessing the economic performance of the Western European countries – the Coface’s international...
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Buffalo milk processing plant was started in Gyomaendrőd
The buffalo milk processing plant in Gyomaendrőd, Békés county was handed over on Saturday. The existing, but non-productive plant was renewed from about 50 million HUF. 35 million of the...
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The Tisza Fishing Association spends thirty million HUF for fish planting this year
The Tisza Fishing Association, one of the most significant fishery in the Central Tisza region will spend about ten percent more, thirty million HUF this year on fish planting –...
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