Market News
Rising food prices in the world market
Once again the FAO food price index grew in February – for the seventh month in a row – and the increase was mainly driven by rising wheat and corn...
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Nielsen: The market continues to grow
Fruit juice retail sales were up 8 percent in value and the size of the market exceeded HUF 52 billion between February 2016 and January 2017. In the same period...
Read moreThe sales of the Hungarian breweries increased by 2.5 percent last year
Last year, the sales of the Hungarian breweries increased by 2.5 percent. Mainly the exports pulled the sales. According to the beer market indicators published by the Association of Hungarian...
Read more(HU) GKI: 2,5 éves csúcsára jutott a konjunktúraindex márciusban
The GKI sentiment index is increasing for the fifth consecutive month in March. There were no significant changes, but the index reached its peak of the past 2.5 years –...
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SPAR renewed communication
The SPAR Magyarország has launched a new image campaign with the new “Quality. I Love It” slogan from 23 March. The campaign emphasizes the core values of the business chain....
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NGM: the growth in household incomes is faster than growth in retail
The strengthening of Hungary is indicated by the increase in household income that exceeds the growth of retail. The data indicates that the propensity to save of the households remains...
Read moreChamber of Agriculture: frost damages can be reported until 15 April
The farmers can claim compensation for frost damages until 15 April; the notification of frost damages will be no longer be possible after the deadline – the National Association of...
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NGM Minister of State: a strong surge in investment is expected in the next few years
Powerful surge in investment is expected in the next few years, Hungary’s investment rate will be over 20 percent in the long-term – Hornung Ágnes, Minister of State of the...
Read moreThe grain-processing plant in Tiszapüspöki will be raedy for the summer
The grain-processing factory of the Tisza-TK Projekt Kft. in the outskirts of Tiszapüspöki is expected to be completed in the summer from about 45 billion HUF – the Managing Director...
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Brexit – British food sector: a free trade agreement with the EU is essential
According to the British food producer and retail networks, the sector will definitely need a free trade agreement with the European Union after the termination of the British EU membership....
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The foundation stone of Hungrana’s new new biomass power plant was laid in Szabadegyháza
With the one and half billion HUF investment the Hungrana Kft. will one hundred percently fulfill its steam and heat demand used for the production. Fazekas Sándor Minister of Agriculture...
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New Hungarian startup
It was the Startup Capital Programme of Hiventures, the venture capital management fund of the Hungarian Development Bank (MFB) that financed the startup which developed the detergent and cleaning product...
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NGM: several programs to help SMEs digitization
The “factory model” program that was launched this year promotes the technological development of the small and medium-sized enterprises (SMEs), as well as the dissemination of digital information and communication...
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FM: meat from Brazil is inspected at the Hungarian border posts
Bognár Lajos Chief veterinarian ordered the increased testing of meat products coming from Brazil, after the Brazilian authorities have revealed serious irregularities at the largest meat processing companies of the...
Read moreThe competitive position of SMEs may improve
The K&H SME confidence index interviewed half thousand domestic SMEs about how their competitive situation may occur this year, compared to their competitors. The market position of SMEs may strengthen....
Read morePrime Minister’s Office: applications for agribusiness training support can be submitted from 14 April
Applications for agribusiness training support can be submitted from 14 April, instead of the original 27 March date – the Prime Minister’s Office announced on Friday. According to the communication...
Read moreStores are closing one after another because of the online retail
Az utóbbi évtizedek legnagyobb üzletbezárási hulláma sújtja az Egyesült Államokat az internetes kereskedelem terjedése és a fogyasztói szokások átalakulása miatt – idézi a Business Insider cikkét az index. A következő...
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Economic cooperation can expand in many sectors between Hungary and Vietnam
About 100 domestic and Vietnamese companies carried out bilateral business talks within the Hungarian-Vietnamese Business Forum, organized by the Hungarian National Trading House on 23 March in Budapest. The event...
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Grant programmes for agricultural diversification
In the new grant scheme of the Rural Development Programme there is a HUF 36-billion budget for financing projects, such as stabilising the income of agri-businesses, and starting and developing...
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Russian expansion
Lenta, one of Russia’s leading grocery retailers managed to increase sales by 21.2 percent last year. In 2016 the chain opened 51 hyper- and 17 supermarkets. In December Lenta made...
Read moreOrganic farming gains momentum
The Hungarian Organic Culture Association and Takarékbank Zrt. signed a cooperation agreement: in the future the two parties will pay special attention to fostering programmes that promote the consumption of...
Read moreKSH: retail sales in January increased by 4.8 percent
In January, the volume of retail stores increased by 4.8 percent, according to the raw data, while calendar effect adjusted increased by 3.8 percent, compared to the same period of...
Read moreNGM Deputy Minister of State: the growth of retail sector is continuous for 43 months
Retail turnover is continuously increasing for 43 months. The above average January sales growth is due to the fact that because of higher wages that arrived in February, confidence increased...
Read moreSzázadvég: the economy may expand with 3.6 percent this year and with 3.4 percent in 2018
According to the latest forecast of the Századvég Gazdaságkutató Zrt. economic researcher, the Hungarian economy in 2018 may grow by 3.4 percent this year and by 3.6 next year. If...
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The Association of Hungarian Brewers would whiten the beer market with the Association of Small Breweries
In the wake of HVG’s article, the Association of Hungarian Brewers turned to NAV’s Excise Department in a letter. The Association of Hungarian Brewers compiling the major domestic beer manufacturers...
Read moreNÉBIH: there is a shortage of eco seeds
There is a shortage of domestic propagated eco seeds, so it is worth to the seed producers to register their products on the National Food Chain Safety Office’s (NÉBIH) database...
Read moreGerman consumer sentiment worsened in April
The increase in inflation decreased the consumer sentiment index in April below the expected level – according to the GfK market research institute. In April, the GfK German consumer sentiment...
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This year the Government provides 40.5 billion HUF to the state companies to raise wages
The Government provides 40.46 billion HUF this year to the state-owned companies to raise wages and in the next few years these companies will be given significant sources to implement...
Read morePortugal to levy sugar tax on soft drinks
The Portuguese government expects to raise EUR 80 million for public health from introducing a sugar tax on soft drinks from 1 February 2017. The new tax would apply to...
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Italian wines in the US market
Last year 2.53 million hectolitres of Italian wine was sold to the USA. Although Italy’s wine export reduced by 0.5 percent in volume, it augmented by 3.1 percent in value...
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