Market News
Composition of Szekszárd Bull’s Blood wine changes
As of 2016-2017 the composition of the Szekszárd Bull’s Blood cuvée wine changes: in the future this cuvée will be made from four instead of three varieties, and from these...
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Home market still lead by Budapest, other areas catching up in commercial properties
In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within...
Read moreEuropean retail chains getting stronger
In Q3 2016 the sales revenue of European retail chains increased – according to a report by Moody’s Investors Service. Moody’s vice president Vincent Gusdorf told: the good performance is...
Read moreRetail sales increased by four and a half percent in 2016
The volume of retail sales increased by 4.5 percent in 2016, after the 5.8 percent of the previous year. The calendar-adjusted figures indicate a 4.6 percent increase – according to...
Read moreNGM: retail turnover increased in all three sub-sectors in 2016
Retail sales increased last year in the food, non-food and fuel retail sub-sectors – Marczinkó Zoltán István, Minister of State of the Ministry of National Economy (NGM) told M1 news...
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The food vending machine operators will be given 1.8 billion HUF support for the purchase of the monitoring device
According to the decision of the government, the Food vending machine operators will be given 1.8 billion HUF support for the purchase of the monitoring device – the Magyar Közlöny...
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Paprika mill plant was handed over in Tiszaszentimre
A paprika mill plant was handed over on Friday in Tiszaszentimre Jász-Nagykun-Szolnok county. The 64 million HUF project was implemented by the Ministry of Interior’s subsidy of 56 million HUF....
Read moreYear-round event series to promote Belgian beer culture
The Belgian Beer Master professional website announces a year-round themed beer dinner and beer tasting series from February to promote Belgian beer culture. The Belgian Beer Master’s mission is to...
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Kosher goose from Csengele
A kosher slaughter house and poultry processor is being built in Csengele, Csongrád County with a greenfield investment of approximately 2.8 billion HUF. At the end of development, the plant...
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The Széchenyi Card Program closed its most successful year in 2016
The Széchenyi Card Program closed its most successful year of its existence in 2016, when the lending was the highest in the last 15 years, 180 billion HUF – Krisán...
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Hungary exports agricultural technology into Azerbaijan
In addition to the fruit tree saplings, Hungary exports agricultural technology required for grafts into Azerbaijan – the managing director of Hungarian Horticultural Propagation Office (MKSZ) told M1 news channel...
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Closer Hungarian-Russian cooperation on heavy industry development projects
“Cooperation between Hungary and Russia on heavy industry development projects and technologically intensive sectors will be further tightened”, Minister of Foreign Affairs and Trade Péter Szijjártó announced. Following his meeting...
Read moreCandies got more natural and creative
After the years of recession and the negative effects of the public health product tax (NETA), the candy market has just started to recover. According to Mónika Bata, managing director...
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The retail chains are open to negotiations that will improve the situation of the baking industry
The National Chamber of Agricultural Economics and the Hungarian Bakers’ Association organized a meeting on the baking industry’s situation with the participation of the retail chains. At the meeting took...
Read moreFAO: World food prices rose in January
The FAO Food Price Index rose notably in January, led by sugar and cereals, even as global markets remain well supplied. The FAO Food Price Index averaged 173.8 percent in...
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Confinement housing was orered
Bognár Lajos Chief Veterinarian ordered the confinement housing of poultry in the entire territory of Hungary. The measure is justified by the fact that the avian influenza virus was detected...
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The holidays days are over
Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) rose to 56.5 points in January from a revised 52.8 points in December 2016, the Hungarian Association of Logistics, Purchasing and Inventory Management...
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The PayPal.Me was launched in Hungary as well
According to the statement of PayPal sent to MTI, with the new PayPal.Me service anyone can send and receive money with a unique link, which can be sent to the...
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The Government declared 2017 as the year of Furmint
The Government declared 2017 as the year of Furmint, with the aim to raise the attention of the international and domestic markets and the consumers on one of the most...
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KSH: export growth continues further
Last November, export value in euros increased by 5.8, while the value of imports increased by 5.1 percent, compared to the same month of the previous year. The trade surplus...
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New tenders are available for farm development and natural disasters prevention
Two new combined 10 billion HUF worth proposals appeared under the Rural Development Programme: support for infrastructure development of the farms and investments for the prevention of hailstorms – the...
Read moreDeterioration in consumer confidence in the United States in January
The Conference Board Consumer Confidence Index, which had increased in December, retreated in January. The Index now stands at 111.8 points, down from 113.3 in December. The Present Situation Index...
Read moreAir cargo and passenger traffic increased in 2016
According to the data of the International Air Transport Association (IATA), air freight grew by 3.8 percent, while passenger traffic increased by 6.3 percent in 2016 compared to the previous...
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Annual packaging barometer
Hungary’s packaging industry is an important one in Europe and it keeps developing. This year’s preliminary data are also positive, but the growth rate seems to have slowed down a...
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Sales remain concentrated when it comes to creames
Cream retail sales were realised in the value of HUF 7 billion in January-September 2016. Like-for-like value sales rose 3 percent and volume sales got 4 percent better. Cream sales...
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Better-than-average trends
In the first three quarters of the year 200m² and smaller shops had a 27-percent share in the retail value sales of grocery categories audited by Nielsen. However, from candy...
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In the same team as Messi
Nestlé cooperates with Lionel Messi in popularising a healthy lifestyle among young people. A four-year contract has been signed, making the Milo brand FC Barcelona’s ‘tonic food drink’ product. In...
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Nielsen: an increase in the weight of large stores in food-retailing
Food retail trade reached an around 1620 billion HUF turnover between December 2015 and November 2016, 2 percent more than during the same period of the previous year. Nielsen’s Retail...
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The NGM turns to the competition office if the effect of the VAT reduction fails
The National Economy Ministry (NGM) will turn to the competition office if the market operators violate of the competition rules and affect the market processes in a way that the...
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The Italian-led cheese manufactory will launch a training
The CBA opened a cheese manufactory in Veresegyháza in order to ensure quality cheese consumption in Hungary – Fodor Attila, Director of Communications of the Hungarian chain told MTI at...
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