Market News

A new era of eating problems has begun

Overweight and obesity are more frequent and a whole range of diseases will comewith them – the new FAO report on the European and Central Asian region reveals. Due to...

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Good crop prospects in orchards, despite the harsh winter

The unusually cold winter frost did not cause significant damage to the orchards – the Hungarian Horticultural Propagation Management Company (MKSZ) states on the basis of laboratory tests of fourteen...

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Cooperation agreement between the NÉBIH and the Association of Excise Services

The National Food Chain Safety Office (NÉBIH) and the Customs, Excise and Taxation Service Providers Association (VJASZSZ) signed a cooperation agreement to contribute to the fight against food adulteration and...

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Crisis in the ostrich industry in Hungary

The ostrich industry in Hungary is in trouble. Demand declined significantly, sales prices decreased, the profit is mainly goes to the Slovak, Romanian, Italian and Czech processors, so fewer and...

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We spent seventeen thousand billion last year

In 2016, the consumption spending of families rose by 5 percent faster than in-store purchases. The 17 thousand billion HUF spendings roughly correspond to the level of the spendings of...

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NÉBIH: 12 million investigations within five years

Since its inception, the National Food Chain Safety Office (NÉBIH) initiated more than 12 million investigations and restrained approximately 10 billion HUF VAT and other tax avoidances in the past...

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Analysts: foreign trade surplus is decreasing, but remains high

Foreign trade surplus is expected to decrease this year, but still remains high – according to analysts commenting the most recent data of the Central Statistical Office (KSH). According to...

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More than 6,300 tons of tobacco grown last year in Hungary

In Hungary, a total of 6343 tons of tobacco was produced in 2016 on 3366 hectares. Compared to the figures from two years ago the average yield increased, while area...

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The Chamber of Agriculture issued eighty thousand fewer farmers’ certificates

Compared to recent years, the Chamber of Agriculture issued more than eighty thousand fewer farmers’ certificates. Süle Katalin Chamber presidency spokesperson told M1 news channel on Monday that the decline...

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Survey on the British spending habits

Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by...

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The NAV seized twelve thousand bottles of fake perfumes

The finance guards of the National Tax and Customs Office (NAV) seized twelve thousand bottles of fake perfumes hidden in a warehouse – the press officer of NAV’s Bács-Kiskun County...

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Annual market nears 30 billion forints

Combined sales of the five hair care categories Nielsen monitors realised 3 percent higher value sales between December 2015 and November 2016 than a year earlier. The 12-month market exceeded...

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Chamber of agriculture joins Brussels lobby group

The Hungarian Chamber of Agriculture (NAK) joined Brussels-based lobbyist The Association for Better European Access to Nutrients (ABEAN). ABEAN is lobbying for the abolition of the 6.5-percent import duty on...

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Consumer recognitions can bring significant sales growth

The winning of the Product of the Year Award (POY) award may bring an average of 40 percent increase in traffic for the brands, but the scope of consumers may...

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Beekeepers proposed a honey data bank

There is a need to create a EU honey data bank, in order to reduce the counterfeit import products mainly from Asia – Bross Péter, president of the Hungarian National...

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Fish can be cheaper in stores

The Ministry of Agriculture (FM) initiates a VAT reduction for fish, because the measure would whiten the sector and would contribute to double the consumption of fish in a few...

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Chamber of Agriculture: sectoral cooperation should be placed on new basics

The cooperation in agriculture should be placed on new basics. Integration should be made more attractive – Győrffy Balázs, president of the National Association of Agricultural Economics (NAK) said at...

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KSH: foreign trade turnover started the year well

In January, the value of export in euros increased by 14.3 percent, while the value of import increased by 15.1 percent, compared to the same period of the previous year....

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Major frost damage in the autumn rape

Frost damages affected the winter wheat, winter barley and triticale smaller than expected, but the autumn rape suffered major frost damages in Békés county Kulcsár László, Békés county chairman of...

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Large stores becoming more important in grocery retail

December 2015-November 2016 grocery retail sales valued at HUG 1,620 billion. Value sales were up 2 percent but volume sales dropped 1 percent in the 90 food categories audited by...

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Packaging is a ‘dark horse’ in the case of breakthrough innovations

Nielsen analysed the market performance of 9,900 new products in its latest Breakthrough Innovation Report. There are eleven products in the report that realised at least EUR or GBP 7.5-million...

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2017 – Az új lehetőség!Magazine: 2017 – The new opportunity!

It is interesting to monitor the changes in the labour market. It seems to me that job security is still a very important factor, especially if there is only one...

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11.2-billion dollar turnover estimated in the electronic display market

A report by Technavio forecasts that the growth rate of the in-store display market will be 16 percent between 2017 and 2021. The main driving force behind this growth will...

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Coffee, tea, bread and detergent: premium products Hungarians would buy for more

40 percent of Hungarian consumers would pay more than the average price for premium quality coffee or tea. 39 percent would do the same when buying bread or other baked...

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Fazekas: a strong CAP is needed after 2020

Hungary will do everything to ensure to give a strong and appropriate budget to the Common Agricultural Policy (CAP) after 2020. In order to reach this goal the Member States...

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Inflation accelerated as expected

Inflation accelerated in February in Hungary by 2.9 percent, in line with the analysts’ expectations. In the coming months, inflation may exceed 3 percent, but the macroeconomic analysts interviewed by...

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The NÉBIH tested spiral-shaped pastas

At the lastest product test of the National Food Chain Safety Office (NÉBIH) 23 objections were raised out of 33 pastas – the agency told. During the product test, the...

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Massive bee mortality in Somogy county

Although precise data has not been disclosed yet, but experts say that bee mortality is 30-40 percent in the apiaries in Somogy county – sonline.hu wrote. Who could not make...

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NGM: customs and VAT revenues increased

In the first two months of the year, Hungary’s EU customs revenues increased with almost 5 billion HUF, while 4.3 billion HUF more Value Added Tax (VAT) flown into the...

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Slovenia is at the forefront in the origin protection of traditional agricultural products

Slovenia is at the forefront in the community preservation of origin protection of agricultural products and geographical indications. Slovenia applies for protection for more products than Austria, Hungary or Croatia...

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