Market News
Online wins
A Deloitte survey conducted in 2016 forecasts that e-commerce will be the big winner of this year’s Christmas season. In the USA online sales are expected to grow by 17-19...
Read more
Transparent contactless payment is popular in the vending market as well
The turnover is increasing and purchase becomes transparent at locations where contactless payment is accepted. According to András Méth, head of commerce development at Mastercard, the choice of products and...
Read moreHungarian gray cattle can be registered in Slovakia as well
Nagy István, Parliamentary Minister of State of the Ministry of Agriculture and Csicsai Gábor Minister of State of the Slovak Ministry of Agriculture negotiated over the possibility of the Slovakian...
Read moreThe KSH has published the foreign trade figures on cattle
According to the data of the Central Statistical Office (KSH), Hungary’s exports of cattle increased by 11 percent in January-October 2016, compared with January-October of 2015. The main partners were...
Read moreThe government encourages the consumption of honey
The government would like to increase the average annual honey consumption of 70 dekagrammes to 1 kilogramme per person within 2-3 years – Nagy István, Parliamentary Minister of State of...
Read moreTwenty cigarettes will be in the packs again
Soon cigarette packs containing twenty cigarettes will replace the current packs of 19 cigarettes – the magyaridok.hu wrote. According to the new EU regulations, the manufacturer cannot produce the old...
Read moreThe gardeners were quick
Because of the depletion of the commitment framework, the Prime Minister’s Office suspends the “Modernization of Gardening, Glass and Foil House Construction and Efficiency Increase by Using Geothermal Energy” application...
Read moreTax regulations on primary producers to change
From 1 January this year the rules on agricultural producers’ contribution payment have changed. The National Tax and Customs Office (NAV) draws attention that rules on income earned as advance,...
Read moreThe grapes of the northern shore of the Lake Balaton are at risk
According to local wine producers due to real estate speculators and due to the aging of the plantations the grapes of the northern shore of the Lake Balaton are in...
Read more
Hundreds of kilos of unmarked ewe’s cheese was seized by the NÉBIH
More than 450 kilogram of unmarked, partly moldy dairy products were seized by the experts of the National Food Chain Safety Office (NÉBIH) in Kistarcsa. Hundreds of thousands of HUF...
Read moreU.S. consumers are optimism
he University of Michigan Final Consumer Sentiment for January came in at 98.5, up from the December Final reading. Investing.com had forecast 98.1. Surveys of Consumers chief economist, Richard Curtin,...
Read more
More than eight thousand chickens died in a fire in Orosháza
8700 chickens died in a building fire in the outskirts of Orosháza – the press officer of the Békés County Emergency Management told MTI. Baráth Ilona said that the fire...
Read more
Hungary regarded as reliable business partner also in Asia
Hungary has been Hong Kong’s number one trade partner in the CEE region, and the existing mutual confidence may be further improved by Hungary’s participation in the “One Belt, One...
Read more
Magazine: Digitally connected consumers
Digital device use is expanding dynamically in Hungary, for instance back in 2013 only 49 percent of internet users owned a smartphone, but by 2016 this proportion reached 80 percent. The...
Read moreThe output of agriculture grew by 48 percent between 2010 and 2015
The output of Hungarian agriculture increased by 48 percent between 2010 and 2015, while its gross added value grew by 85 percent between 2010 and 2015 – Czerván György Minister...
Read more
The FAO Food Price Index fell for the fifth consecutive year in 2016
The FAO Food Price Index* (FFPI) averaged almost 172 points in December 2016, unchanged from November with strong gains in the prices of vegetable oils and dairy largely offsetting a...
Read more
Csepreghy Nándor: Hungary is at the forefront in the use of EU funds
Hungary is ranked as the first among the Visegrád countries in the utilization of the European Union funds, while in the European Union’s 28 member states Hungary is among the...
Read more
The bird flu outbreak affected 230 farms in the country
In recent months due to the bird flu, the killing of 3 million animals was ordered by the authorities in 230 farms, which means that 3 billion HUF worth stocks...
Read moreStrategy to increase the prestige of the wine of Somogy county
The strategy that intends to increase the prestige of the wine of Somogy county – especially in the Balatonboglár wine region – will be completed for the summer. The wine...
Read more
Union: nearly two-third of the Hungarians do not save for retirement
60 percent of Hungarians do not save for old age. 67 percent of the 36-40 year old population has no savings for retirement – according to Union Insurance Group’s latest...
Read moreFM: we do not let GMO in
GMO cultivation is not the solution to climate change and other challenges. The impacts of GMOs are unpredictable – Fazekas Sándor told. The Minister of Agriculture about his experiences at...
Read more
A tender was announced for agricultural training
An application was started for agricultural training in a value of 6.2 billion HUF – the Prime Minister’s Office announced on Wednesday. According to the notice, the application aims to...
Read more
Used cars are more and more popular
The merger of Banif and Cofidis was completed on 1 January 2017. The French company has became one of the broadest offering bank in 2017 in the area of consumer...
Read more
FM: there will be changes in the greening and production-linked subsidies
Changes will occur in the greening and production-linked subsidies this year when submitting the single application – Szentirmay Zoltán of the Ministry of Agriculture (FM) announced at a professional conference...
Read more
NAK Services Centre wants to give more
NAK wishes to expand the range of services offered by the Services Centre in Hajdúböszörmény. The chamber would like seed, fertiliser and pesticide companies, plus banks with loan products targeting...
Read moreA four and a half percent rise in retail sales
The retail trade turnover in November 2016 was 4.5 percent higher, compared to the same period of the previous year, both according to the calendar adjusted and raw data –...
Read moreNGM: retail trade may increase further through the wage agreement
Through the wage agreement adopted by the Government and the social partners last November, the minimum wage and the guaranteed minimum wage for skilled workers will significantly increase. According to...
Read moreKSH: last year’s harvest was record-breaking for corn and wheat
The average yield of corn broke a record last year, exceeded 8.6 tonnes per hectare, the total harvest was 8.8 million tons. According to the data of the Central Statistical...
Read more
The popularity of malls has decreased
Over the past decade, the turnover generated by the secondary school students in the malls decreased by 30 percent, so an increasing number of shopping centers forced to close –...
Read more
The EU would like to stabilize the higher milk prices
The past few months brought milk price increase globally. In Hungary, the national average producer price of raw milk was 88.65 HUF per kilo in December 2016. The average price...
Read more