Market News
Consumer spending in the region
Four years ago in the third quarter 76 percent of Hungarians said that they had changed their spending habits if compared with the previous year – the European average in...
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GKI: wage increase prospects for the next year
The low level of wages in Hungary is becoming a more acute problem. While the employees feel the severity of the problem for a long, the employers are beginning to...
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Red Cross fondants under the Christmas tree
The private label Christmas fondants of the Hungarian Red Cross are available from 7 December. The classic red packaging Christmas fondants were made on the basis of the unique recipe...
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The NÉBIH prohibited the distribution of nearly 100 thousand liters of expired apple juice
The inspectors of the National Food Chain Safety Office (NÉBIH) prohibited the distribution of more than 94 thousand liters of expired apple juice. The National Food Chain Safety Office informs...
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NGM: more than eight thousand entrepreneurs have claimed support
More than eight thousand entrepreneurs have claimed support for the purchase of online cash registers. Tamásné Czinege Csilla, Deputy Minister of State of the Ministry of National Economy (NGM) told...
Read moreCorn hybrids were tested for the tenth time
A total of 28 corn hybrids were tested in the corn post-registration variety experiment of the Seed Association Interprofessional Organization and Marketing Board, and the National Association of Grain Producers....
Read moreThe IT system of the EKÁER to be developed further
The government decided to support the further development of the Electronic Road Control System, so prrovides slightly more than 1.5 billion HUF for this purpose – the Magyar Közlöny wrote...
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The economic growth of the euro zone accelerated in November
The rate of eurozone economic expansion accelerated to its highest in the year to date during November. This was highlighted by the final Markit Eurozone PMI Composite Output Index posting...
Read moreAir freight traffic increased in October
The Montreal-based International Air Transport Association (IATA) reported on Wednesday that demand for air freight increased by 8.2 percent in October, the fastest rate of growth in 18 months and...
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Government pays attention to what retailers are saying
On Europe’s Day in Commerce Minister for National Economy Mihály Varga told: retail is one of the most important sectors of the economy and it also plays a vital role...
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Food safety from the farm to the table
On 3 November 2016 the National Food Chain Safety Office (NÉBIH) and Szent István University signed a cooperation agreement. The goal is to establish a Risk Analysis Department at the...
Read moreAnalysts are surprised by the retail data
The 2.6 percent modest growth of retail sales is a negative surprise for the analysts, who expected 4.3 percent. The ten-month average is 4.8 percent. According to the report of...
Read moreThe NGM expects a further expansion in retail trade
Retail sales will significantly increase during the Christmas shopping season and in the coming months and years – the Deputy Minister of State of the National Economy Ministry (NGM) told...
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The Áldomás Food Products were introduced in Moscow
The Hungarian National Trading House (MNKH) organized a product presentation banquet and a businessmen meeting on Monday in Moscow using dishes prepared of Áldomás branded premium food products and matching...
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Hungarian Advertising Association: advertising surtax is causeless
The communication of the association points out that street advertising tools are in the focus once again, but this time, for tax purposes. The introduction of the street advertising tools...
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DiVino and Junibor
At its December annual general meeting, the Junibor / Young Winemakers Association once again voted on the new members. Among the young winemakers debuted at this summer’s Green harvest Babiczki...
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The Chamber of Agriculture collects the membership fees
The National Agricultural Chamber collects the membership fees that have not been paid yet, with the help of the Tax Authority. The Chamber wishes to recover a total of 4...
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Witor’s: pralines in top quality
Witor’s is one of the biggest Italian chocolate manufacturers. Hilda Helyes, marketing manager of Hungarian distributor Glatz Hungary Kft. informed us that in Hungary their pralines are available in several...
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Coop Rally: record number of participants
Racers in the 11th Coop Rally drove around Transdanubia between 8 and 10 September, visiting the premises of 8 Hungarian FMCG companies. A record number of 104 cars from 97...
Read moreKSH: retail sales rose in October
The volume of retail sales increased by 2.6 percent in October, compared to the same period of last year, both according to the calendar adjusted and raw data – the...
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FM: winter seasonal food controls have started
The seasonal food inspection was ordered by Zsigó Róbert, Minister of State responsible for the oversight of the food chain. The country-wide winter seasonal food inspection, which lasts until 31...
Read moreKSH: monthly trade surplus exceeded one billion euros
In September, the value of exports in euros increased by 1.7 percent, while the value of imports was the same as a year before. The export surplus increased by 140...
Read moreNo support without mandatory training
The clients supported from the Transition to Organic Farming and Agri-Environment Support of the European Agricultural and Rural Development Fund should participate in mandatory training. According to the manager of...
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The EU’s and the euro area’s retail increased in October
Retail sales increased in October both in the euro zone and in the European Union. The EU's statistical office (Eurostat) on Monday announced that, according to the seasonally adjusted data,...
Read moreThe number of smallholders is decreasing
More and more organizations appear as land users in the statistics of the Central Statistical Office (KSH). Mainly due to regulatory legal reasons, but the proportion of the land area...
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China-influenced trend reversal in the dairy sector
A trend reversal occurred in the dairy sector: the negative trend of purchasing prices had turned around and milk was purchased from farmers at increasing prices. According to data from...
Read moreSeveral thousands packs of cigarettes were found in modified cars
The finance guards found about 2600 boxes untaxed cigarettes in two modified passenger cars in Röszke – the NAV informed MTI. Némedi-Varga Éva, press officer of the NAV told that...
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Fresh Cut is about to break through
Hand Kft. has been taking part in MACFRUT since 2005. Managing director Gábor Füredi told our magazine that Fresh Cut products (ready to eat fruits and vegetables, e.g. salads, juices)...
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2016 is the year of ransomware
According to Trend Micro, more ransomware infections were reported in the first half of 2016 than in the whole of 2015. 172 percent more attacks took place and USD 3-billion...
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