Market News
Policy-makers not to over-regulate the market
Fresh survey shows one euro ad spend generates seven euro GDP growth – BGA takes this opportunity to urge local policy-makers not to over-regulate the market....
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WHO plans to tax HFSS
BGA Hungary opposed WHO plans to tax HFSS and to ban M2K (marketing to children)....
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Az immoral campaign
BGA Hungary successfully combats illicit Asia Center ad campaign misusing prestigious FMCG-brands....
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Volkswagen Crafter in Hungary now
The all-new Volkswagen Crafter has been voted International Van of the Year 2017. The award was announced at the 2016 IAA Commercial Vehicle Show in Hanover, where conventional versions of...
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Avian flu: restrictions may end in early March
Since the end of January no evidence of avian influenza infection was detected in poultry and if this trend stays, at the beginning of March all the protection and surveillance...
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The European Commission launched infringement proceeding against Hungary
The European Commission has launched infringement proceeding against Hungary on Wednesday, in order to ensure the free movement of retail, agricultural and food industrial goods. The European Commission has informed...
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Infocommunication explosion in agriculture
The mobile technology is now also available in agriculture. In fact, without precision farming based on data transfer technologies, the production of quality agricultural products is difficult. The agricultural use...
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The local government of Hajdúböszörmény establishes a meat processing plant
The local government of Hajdúböszörmény establishes a meat processing plant to serve the public catering needs – the deputy mayor of the city announced on Thursday at a press conference....
Read moreSeed Association: the informative price of spring cereal seeds is 92 200 HUF per tonne
The Seed Association Interprofessional Organization and Marketing Board (VSZT) established an informative price of 92 200 HUF per tonne for spring cereal seeds – the association told MTI on Thursday....
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Food VAT frauders were arrested
Financial investigators found a criminal organization dealing with fictitious business accounts in the South Plains – the National Tax and Customs Office (NAV) informed MTI on Thursday. Barnáné Horváth Melinda...
Read moreThe US retail sector started the year with overwhelming enthusiasm
After the 1 percent increase of December, retail sales in the United States increased by 0.4 percent this January, which significantly exceeded analysts’ expectations. The annual pace of 4.4 percent...
Read moreHong Kong is the freest economy in the world again
Hong Kong once again qualified as the world’s freest economy in the joint ranking of the US Heritage Foundation and The Wall Street Journal. The 2017 Index of Economic Freedom...
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Women has the key to build a world free from hunger and poverty
Stamping out gender inequality and giving women greater opportunity to participate in work is imperative if the world wants to achieve the goal to end hunger and poverty, officials say....
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Growing drink market
According to a report by Moody’s, in the next 1-1.5 years the global drink market will expand by 4-5 percent. They expect a decline in volume sales in certain markets...
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Companies want customised stands
Partners of trade exhibition organiser and stand builder companies show growing demand for a 360-degree service. For instance in addition to building the stand, customers want them to help in...
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VHT: the pork strategy stabilized the situation in the sector
The pork strategy stabilized the situation of the sector – the Secretary of the Livestock and Meat Interprofessional Organization and Marketing Board (VHT) told MTI on Wednesday. Menczel Lászlóné added...
Read moreA decline in agricultural producer prices
Agricultural producer prices decreased by 4.7 percent last December, compared to a year before, after the 5.5 percent decline in November. The price of crop products decreased by 11.8 percent,...
Read moreIt is already certain that the primeur season will be expensive
Inland water and frost cause damages at several areas of the country. The assessment of the winter frost damages in orchards and the fields has begun. The cold, below minus...
Read moreEconomic growth can substantially accelerate this year
The gross domestic product (GDP) increased less than expected in the fourth quarter of last year, but this year the analysts interviewed by MTI expect a substantial acceleration. The Central...
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KSH: the cattle stock increased in the second half of 2016
The growth of the cattle population that is lasting since 2010 has continued. In the six months until 1 December, the number of cattle increased by 6 thousand. The pig...
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Analysts: Inflation may continue to accelerate in the first quarter
Inflation may continue to accelerate in the first quarter, but analysts interviewed by MTI do not expect to exceed the central bank’s inflation target of 3 percent this year. According...
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Food industrial support applications can be submitted from Wednesday
Food industrial small and medium-sized enterprises can submit their requests for 212.5 billion HUF development funds for food and capacity expansion investments from Wednesday – Rákossy Balázs, Minister of State...
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The largest companies are optimistic
According to the latest results of the K&H corporate growth index, the large domestic companies start this year with cautious optimism. The companies assume a slightly growing revenue, but most...
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The NAK urges unified EU actions to mitigate food waste
The National Agricultural Economics Association (NAK) urges unified EU actions to mitigate food waste – the public body told MTI on Wednesday. The NAK supports the proposal – that encourages...
Read moreIKEA achieved a turnover growth of fifteen percent in Hungary
IKEA’s two department stores in Hungary – with an increase of 14.5 percent – reached 54 billion HUF sales revenue in its fiscal year ended last August, which is an...
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Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
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Hungarian groceries on the shelves of Chinese stores
More and more Hungarian companies conquer the Chinese market with the help of the Hungarian National Trading House (MNKH). Thanks to the government’s ‘Eastern Opening’ foreign trade strategy, in the...
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Magazine: Valuable waste
According to Norbert Höflinger, strategy director of HWD Recycling Kft., working in the waste management industry means facing challenges all the time. One of the biggest problems in the sector...
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OTP: VAT should also be reduced in the case of the long-life milk
According to the experts of the OTP Bank, VAT should also be reduced in the case of the UHT and ESL milks. The VAT reduction would increase domestic consumption, which...
Read moreKSH: GDP rose by 2.0 percent in 2016
Hungary’s gross domestic product (GDP) in the fourth quarter of 2016 rose 1.6 percent last year, compared to the same period of the previous year. In 2016, GDP rose by...
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