Market News
KSH: retail sales increased by 4.5 percent in 2016
The volume of retail sales increased by 4.5 percent in 2016 after the 5.8 percent increase of last year, while the calendar-adjusted figures indicate a 4.6 percent increase – the...
Read moreNielsen: retail sales increased by four and a half percent in the last quarter of 2016
In terms of value, retail sales in Hungary increased by four and a half percent in the last quarter of 2016 – Nielsen measured the food and chemical products market....
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FruitVeB: average fruit and vegetable harvests last year
The output of the fruit and vegetable sector in 2016 is provisionally estimated at 280 billion HUF, 5-7 percent more than in the previous year – the Hungarian Fruit and...
Read moreConcorde: Hungary’s GDP growth may be over 3 percent this year
The Hungarian GDP growth this year may range between 3-4 percent, and next year it is expected to increase over 3 percent, due to the retail wage growth and the...
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Wine competition for the “Wine of the Parliament 2017” title
Kövér László, Chairman of the National Assembly announced a wine competition for the “Wine of the Parliament 2017” title. According to the communication of the parliamentary press office, the bottled...
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The NÉBIH seized more than 100 tons of unmarked feed
The National Food Chain Safety Office (NÉBIH), seized more than 100 tons of unmarked, partly illegal feed at two venues in Pest County. According to the communication of NÉBIH sent...
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Hungarian food products in Sweden
Sweden is four and a half times bigger than Hungary but its population is about the same. Almost 70 percent of Sweden is covered by forest, therefore only 7.5 percent...
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Optimistic consumers
Germany has a 16-percent share in Hungary’s total food export– in January-October 2016 its value was EUR 1.04 billion, 3 percent more than in the same period of 2015. From...
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Retail sales: increase in value, decrease in volume
In January-October 2016 Hungarian companies sold EUR 211 million worth of food in the Netherlands – this represented 3 percent of our total food export. This sum was 59 percent...
Read moreMagazine: Fierce competition for housewives
Compared with 2015, dishwasher detergent sales increased in 2016. Dishwasher tablet sales contracted a little, while dishwasher gales performed a bit better. Washing-up liquid sales decreased, with large-sized products producing...
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Magazine: Dolce vita
This year the Association of Hungarian Confectionery Manufacturers celebrated its 25th anniversary. President Sándor Sánta told: they have 25 members that are responsible for more than 85 percent of Hungary’s sweets...
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Hungary’s online retail is worth more than a billion euros
This year’s first survey by GKI Digital and Árukereső.hu revealed that online retail sales represented a HUF 310-billion value last year. Online sales expanded by 18 percent in 2016 – Norbert...
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The one-fifth of world’s food production is wasted due to over-consumption and waste
About 20 percent of world’s food production is wasted due to the fact that people consume more than necessary, and a part of the food ends in the trash –...
Read moreK&H: Subdued revenues and profit growth is expected by the SMEs this year
On average, 5.5 percent and 3.2 percent profit growth in revenues is expected by the small and medium-sized enterprises (SMEs) this year – according to the latest data of the...
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Inflation is accelerating in Europe
Consumer prices in the Euro Area increased 1.8 percent year-on-year in January of 2017, following a 1.1 percent rise in December and in line with preliminary estimates. It is the...
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The Growth Loan Program ends
The companies have slightly more than one month left, to claim for the favorable sources of the Growth Loan Program’s for their investments. “The decisions on investments of a significant...
Read moreNew trade offices to be opened abroad
The government initiates the establishment and operation of three additional foreign commercial offices. This time, a total of slightly more than 400 million HUF will be spent on boosting up...
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World’s future food security “in jeopardy” due to multiple challenges, report warns
Mankind’s future ability to feed itself is in jeopardy due to intensifying pressures on natural resources, mounting inequality, and the fallout from a changing climate, warns a new FAO report...
Read moreHungary lost a lot because of the sanctions against Russia
Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...
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Client Gateway risks
The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...
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The Russian embargo reduced the Hungarian agricultural exports with nearly a hundred million euros
The Russian import ban introduced in 2014 affected the Hungarian agri-food industry badly. During three years, the sector’s exports decreased by nearly one hundred million euros – Magyar Idők wrote....
Read moreThe mountain council to develop a plan to regulate the sale of grapes
The National Council of Wine Communities (HNT) worked out a draft for the regulation on the sale of grapes. The viticulturist interbranch organization plans to publish a new type of...
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The rise in real wages can be 8 percent this year
This year, real wages can increase by 7-8 percent in addition to a 1-1.5 percent inflation rate – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...
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GfK: the proportion of customers loyal to their banks is increasing
The proportion of customers who are loyal to their banks increased steadily last year, while the proportion of those who are open to change bank is stable; it is around...
Read morePrologis: strong demand stays on the logistics real estate market
Strong tenant demand remains on the domestic logistics real estate market, and because the current stock is saturated, new developments are expected this year – Kemenes László, managing director of...
Read moreThe chain of stores are preparing for significant wage increases
Wage negotiations are taking place smoothly this year at the a large international supermarket chains – Világgazdaság Online wrote. In order to keep the workers, the companies were forced to...
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The Hungarian simmental heifer is more and more popular
These cattle are popular in Hungary and abroad as well – Magyar Hírlap wrote on Tuesday. Füller Imre, executive director of the Association of Hungarian Simmental Breeders’ told the newspaper...
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Brazil is importing coffee
Brazil’s government has authorised the country’s first-ever imports of robusta coffee, at the request of the instant coffee industry, and it should soon start taking delivery of limited amounts from...
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Newer applications for local economic and tourism development
Another five, call for proposals were published aim to support of local economic and tourism development, energy modernization and development of sustainable urban environment. The value of the call for...
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