Market News
Nielsen: nearly 30 billion HUF was swabbed last year
In the past twelve months, between March 2016 and February 2017, Hungarians spent almost 30 billion HUF on cleaning agents – the Nielsen Retail Index reveals. General cleaners are in...
Read moreE-commerce is booming all across Europe
In Europe, the quarter of Internet users buy something every week in the online space, while among the Hungarians, the ratio is 18 percent – the Masterindex European e-commerce and...
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“Mandatory fetter”: how severe the burden of mandatory wage increase is?
The February business survey of the GKI Gazdaságkutató Zrt. economic researcher examined the business impact of the minimum wage increase. It is important to point out that the survey (companies...
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KSH: the growth of foreign trade turnover accelerated in January
In January this year, the value of exports in euros increased by 14.0 percent, while value of import increased by 15.2 percent after December’s 7.6 and 9.3 percent. The trade...
Read moreHNT: wine-installation support requests changed from 1 April
In line with the EU rules, the size of the wine vineyards can be increased in Hungary, since last year. The new installation license application can be submitted to the...
Read moreThe gap between the richest and poorest EU regions is twenty-fold
There were huge differences between the in per capita gross domestic product of the 276 regions of the EU Member States in 2015 – according to data of the European...
Read moreThe NAV seized nearly 32 thousand packs of cigarettes
The financial investigators of the National Tax and Customs Office (NAV) seized almost 32 thousand packs of cigarettes hidden among frozen french fries in Pest County – the NAV told...
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Austrians are prepared for the international export competition
Austria is the 14th richest country in the world as regards per capita GDP. It is the 29th biggest export economy and the 10th most complex economy in the world...
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Consumer confidence at a five-year-high in the last quarter of 2016
Just like in Q3, the Hungarian consumer confidence index was at 64 points in Q4 2016. The European average was 81 points. From the three components of the index Hungarians...
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Packaging is more than just an advertisement
The right packaging can make a product stand out from the crowd on the shelves of hyper-and supermarkets. DS Smith is a leader in the science of packaging, constantly looking...
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Producing quality for 125 years
The Dr. Oetker brand has stood for reliability and quality since the start in 1891. Dr. Oetker Backin Baking Powder, Vanilla Sugar and Pudding Mix have been the first products,...
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Magazine: NÉBIH starts using an INTELligent solution
The National Food Chain Safety Office (NÉBIH) has started using a new data analytics system, which helps the authority to monitor the whole supply chain: the Intelligent Food Chain Safety...
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Raw milk’s price rising again
In January 2017 agricultural production prices were down 2.6 percent in comparison with January 2016. This drop was the result of the price of vegetable products decreasing by 8.9 percent...
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Magazine: The many roles of oil
Cooking oil is one of the ‘magnet’ products of retail chains: there is constant demand for them and they are sold in large quantities. It isn’t easy for manufacturer brands...
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The salaries at the food chains will be increased this year again
The food chains will increase the salaries again this year, but recruitment does not take palce at every chains – companies told MTI. The in-store and warehouse manual workers of...
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The store of chains help the National Bank to develop financial awareness
The Hungarian National Bank (MNB) signed a cooperation agreement with five store of chains – the kamaraonline.hu wrote. The customers therefore have access to informations, developing financial awareness in a...
Read moreCIB Bank: GDP in Hungary could grow around 3 percent this year
This year the Hungarian GDP could grow around 3 percent, according to CIB Bank analysts, mainly due to the increase in domestic demand and the use of EU funds –...
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The Hungarian fish farming can be developed from sixteen billion HUF
According to the information the Prime Minister’s Office announced all Mahop tenders within the required time limit, in accordance with the government’s objective. The Prime Minister’s Office published the last...
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There is a need for a National protein feed program
Hungary covers its livestock protein requirement mainly from US imports. There is a need for a National protein feed program to induce genetically modified (GMO) foods – Fazekas Sándor Minister...
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Food production consumes underground water reserves with a dramatic pace
Food production consumes underground water reserves in many parts of the world, such as the pace of nature could replace it – BBC reported the findings of a new study....
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The Magyar Posta expects further expansion in package logistics
The Magyar Posta handled 17.7 million packages in 2016, which is 1.96 million pieces and 12.4 percent more than in 2015. The Magyar Posta expects a 12.5 percent increase package...
Read moreMKB Group and the Megfosz signed a cooperation agreement
Balog Ádám, CEO of the MKB Bank Zrt. and Harsányi Zsolt, CEO and owner of Axiál Kft., chairman of the National Agricultural Tool and Machine Dealers Association (Megfosz) signed a...
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Specific markets
Günther Ahmed Rusznak, CEO of the Islamic Information, Documentation and Certification GmbH (IIDZ) told our magazine that there are about 1.5 billion Muslim people all over the world and food...
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Only factual information about products
The global battle against counterfeit products, the protection of brands and the tracking of valuable products are increasingly important in international trade. Besides traditional product information indicated on the packaging,...
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Prices augmented by 2.9 percent in February
According to data from the Central Statistical Office (KSH), in February 2017 consumer prices were 2.9 percent higher on average than a year before. In comparison with February 2016, food...
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Opportunities in Canada
In mid-February the plenary session of the European Parliament voted in favour of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. It is now the parliaments...
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It is still EU law that is in effect in the United Kingdom
While the United Kingdom is a member of the European Union, the EU’s legal system needs to be respected – concluded a discussion in the European Commission in early March....
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Risky EKÁER
The modification of the Electronic Public Road Trade Control System (EKÁER) has entered into force: in the new system even those must pay a risk warrant who transport non-risky goods....
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Magazine: Packed in safety
The original task of packaging was to make the safe transport of goods possible, but today packaging materials must also be stylish and environmental. Zsolt Miklós, managing director of Rondo...
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Food processors: There was no differences in the majority of the products tested
After an investigation of the National Food Chain Safety Office (NÉBIH) it can be concluded that no compositional or sensory differences were found between the vast majority of products purchased...
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