Market News
Chamber of Agriculture: the Hungarian primeur vegetables to arrive earlier to the stores
From early April the Hungarian primeur vegetables will be available in the stores and markets throughout the country – the National Association of Agricultural Economics (NAK) told MTI on Thursday....
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DPDgroup: Internet shopping habits in Europe and in Hungary
On behalf of the DPD Group, 23 450 citizens of 21 European countries were interviewed between 19 and 7 October 2016 about their online shopping habits. Hungary also took part...
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Euro-zone’s business sentiment index is on top
In March, the European zone’s business sentiment index (ESI) stagnated on its five and a half year peak, however, the economic sentiment index has deteriorated somewhat. In March the business...
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Electric vehicle market about to undergo a boom
Strategic investors are finding new areas for their investments, and one of these is electromobility. The message conveyed by development projects is that the S Curve of electric vehicles will...
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Premium category food products made using Hungarian technology on four continents
The story of Hagyó Kft. started as a small business in Miskolc, but today their distilling machinery is already used overseas, with help from the Hungarian National Trading House (MNKH)....
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Good export opportunities in Iran
On 7 February 2017 the Hungarian National Trading House (MNKH) organised a Hungary-Iran Business Forum in Budapest. There were almost 60 Hungarian and Iranian companies present. In 2015 the value...
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Magazine: Content and shape: mineral water bottles do dress up the products
According to Kata Bányi, trade marketing director of Coca-Cola HBC Magyarország Kft., the distributor of NaturAqua mineral waters, after two years of sales decline the mineral water category expanded again...
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Magazine: Oat is the new star
Oat is the star ingredient of the growing cereal product market. All three segments – muesli, breakfast cereal, cereal bar – contributed to the sales growth of last year. According...
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The Magyar Termék has launched an online campaign
The “We Love the Hungarian Products” marketing campaign was launched on 22 March with a short film made in the Castle Garden Bazaar. Almost 300 actors took part in the...
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According to the Advertising Association and its co-associations the advertising tax should be eliminated
According to the Hungarian Advertising Association (MRSZ) and its co-associations, the government declared war on the domestic media industry with the increase of the advertising tax to 9 percent. The...
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Hungarian sellers are above the world average in smiling and greeting
The level of domestic customer services in smiling and greeting outperformed the world average. However Hungary is still lagging behind the front-runners but the development can be easily seen from...
Read moreGKI published its forecast for 2017
Last year, the Hungarian economic growth slowed strongly, compared to the previous two years, mainly to the decline in EU funds and the decrease in investments. The GDP increased by...
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The Association of Traders asks for the amendment of the Agricultural Act
The Hungarian National Trade Association (MNKSZ) asks for the amendment of the range of activities in the Agricultural Act, because according to the association the sales of food beverages and...
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Brazil food scandal: the NAK urges strict trade regulations
The National Agricultural Chamber (NAK) expects strict trade regulations, due to the Brazil food scandal; therefore urges the development of a strict criteria sysrem to provide the safety of EU...
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One-third of the EU’s trade was concluded with the USA and China in 2016
The European Union concluded one-third of its trade with the USA and China in 2016. Hungary’s largest trade partner remains Germany – Eurostat reveals in its report published on Wednesday....
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Margarine brands getting stronger
Margarine manufacturers are still struggling to change the negative general opinion about the category. Although product ingredients have been modernised in the last few years and many positive characteristics of...
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There isn’t enough rapeseed oil in Europe
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of...
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Optimistic islanders
In the United Kingdom, the political and economic uncertainty after the Brexit vote didn’t have an influence on consumers’ mood in Q4 2016, because real wages were rising all year...
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Magazine: Growing market share for low fat cottage cheese
Although cottage cheese isn’t a real seasonal product, sales rise in December when people cook and bake more. Private label products are strong and the importance of discount supermarkets is...
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Based on facts only!
I think if one does something, they should do it well or at least give their best. Most of the time it takes just as much time to do something...
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Whitening the milk market
A couple of weeks ago a new data providing regulation entered into force, the goal of which is to whiten the milk production and distribution sector. It has been a...
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FM: the spring seasonal food chain control has started
The spring seasonal food chain control has started. The country-wide monitoring takes place between March 20 and April 17 – the Ministry of Agriculture (FM) told MTI on Tuesday. The...
Read moreThe Agricultural Chamber Act may be amended
The National Assembly’s Agriculture Committee – with the majority vote of the MPs, with one abstention – scheduled the bill on the amendment of the Agricultural Chamber Act. For thr...
Read moreThis year’s tobacco producing and sales contracts were concluded
The two major acquiring companies have already concluded 99 percent of this year’s product sales contracts with the tobacco producers. Minimum number of contracts are expected for Burley tobacco varieties...
Read moreThe large companies expect higher revenues but lower profits for this year
Following the upturn in domestic trade the large companies in Hungary expect higher revenues but lower profits this year – the research of the K&H Enterprise Growth Index showed. The...
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Hungarian meat exports to be launched to the Philippines
After lengthy negotiations, three Hungarian companies received authorization to begin the export of Hungarian meat to the Philippines – Szijjártó Péter Foreign Economic Relations and Foreign Minister announced on Tuesday...
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All EU proposals will be announced by the end of the week
Until 2020, the country will receive approximately 9 thousand billion HUF from EU funds, while roughly three thousand billion HUF will be from the state budget – Bánki Erik (Fidesz),...
Read moreThe Slovak stores will be closed on all public holidays
The Slovak legislature on Tuesday in Bratislava approved the amendments to the Labor Code, which extends the store closure on public holidays. The amendment tabled by the ruling coalition take...
Read moreLondon remains the world’s leading financial center
According to the latest investor survey London is still the world’s top financial services center, but only because the outcome of the US presidential election caused as much damage to...
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Hungary is taking part in a project aimed at the development of innovative home care products and services
Hungary is taking part in a Hoca (development of innovative home care products and services) project. The program is implemented with the support of the European Union’s European Regional Development...
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