Market News
Consumer confidence at a five-year-high in the last quarter of 2016
Just like in Q3, the Hungarian consumer confidence index was at 64 points in Q4 2016. The European average was 81 points. From the three components of the index Hungarians...
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Packaging is more than just an advertisement
The right packaging can make a product stand out from the crowd on the shelves of hyper-and supermarkets. DS Smith is a leader in the science of packaging, constantly looking...
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Producing quality for 125 years
The Dr. Oetker brand has stood for reliability and quality since the start in 1891. Dr. Oetker Backin Baking Powder, Vanilla Sugar and Pudding Mix have been the first products,...
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Magazine: NÉBIH starts using an INTELligent solution
The National Food Chain Safety Office (NÉBIH) has started using a new data analytics system, which helps the authority to monitor the whole supply chain: the Intelligent Food Chain Safety...
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Raw milk’s price rising again
In January 2017 agricultural production prices were down 2.6 percent in comparison with January 2016. This drop was the result of the price of vegetable products decreasing by 8.9 percent...
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Magazine: The many roles of oil
Cooking oil is one of the ‘magnet’ products of retail chains: there is constant demand for them and they are sold in large quantities. It isn’t easy for manufacturer brands...
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The salaries at the food chains will be increased this year again
The food chains will increase the salaries again this year, but recruitment does not take palce at every chains – companies told MTI. The in-store and warehouse manual workers of...
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The store of chains help the National Bank to develop financial awareness
The Hungarian National Bank (MNB) signed a cooperation agreement with five store of chains – the kamaraonline.hu wrote. The customers therefore have access to informations, developing financial awareness in a...
Read moreCIB Bank: GDP in Hungary could grow around 3 percent this year
This year the Hungarian GDP could grow around 3 percent, according to CIB Bank analysts, mainly due to the increase in domestic demand and the use of EU funds –...
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The Hungarian fish farming can be developed from sixteen billion HUF
According to the information the Prime Minister’s Office announced all Mahop tenders within the required time limit, in accordance with the government’s objective. The Prime Minister’s Office published the last...
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There is a need for a National protein feed program
Hungary covers its livestock protein requirement mainly from US imports. There is a need for a National protein feed program to induce genetically modified (GMO) foods – Fazekas Sándor Minister...
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Food production consumes underground water reserves with a dramatic pace
Food production consumes underground water reserves in many parts of the world, such as the pace of nature could replace it – BBC reported the findings of a new study....
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The Magyar Posta expects further expansion in package logistics
The Magyar Posta handled 17.7 million packages in 2016, which is 1.96 million pieces and 12.4 percent more than in 2015. The Magyar Posta expects a 12.5 percent increase package...
Read moreMKB Group and the Megfosz signed a cooperation agreement
Balog Ádám, CEO of the MKB Bank Zrt. and Harsányi Zsolt, CEO and owner of Axiál Kft., chairman of the National Agricultural Tool and Machine Dealers Association (Megfosz) signed a...
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Specific markets
Günther Ahmed Rusznak, CEO of the Islamic Information, Documentation and Certification GmbH (IIDZ) told our magazine that there are about 1.5 billion Muslim people all over the world and food...
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Only factual information about products
The global battle against counterfeit products, the protection of brands and the tracking of valuable products are increasingly important in international trade. Besides traditional product information indicated on the packaging,...
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Prices augmented by 2.9 percent in February
According to data from the Central Statistical Office (KSH), in February 2017 consumer prices were 2.9 percent higher on average than a year before. In comparison with February 2016, food...
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Opportunities in Canada
In mid-February the plenary session of the European Parliament voted in favour of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. It is now the parliaments...
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It is still EU law that is in effect in the United Kingdom
While the United Kingdom is a member of the European Union, the EU’s legal system needs to be respected – concluded a discussion in the European Commission in early March....
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Risky EKÁER
The modification of the Electronic Public Road Trade Control System (EKÁER) has entered into force: in the new system even those must pay a risk warrant who transport non-risky goods....
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Magazine: Packed in safety
The original task of packaging was to make the safe transport of goods possible, but today packaging materials must also be stylish and environmental. Zsolt Miklós, managing director of Rondo...
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Food processors: There was no differences in the majority of the products tested
After an investigation of the National Food Chain Safety Office (NÉBIH) it can be concluded that no compositional or sensory differences were found between the vast majority of products purchased...
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Chamber of Agriculture: the Hungarian primeur vegetables to arrive earlier to the stores
From early April the Hungarian primeur vegetables will be available in the stores and markets throughout the country – the National Association of Agricultural Economics (NAK) told MTI on Thursday....
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DPDgroup: Internet shopping habits in Europe and in Hungary
On behalf of the DPD Group, 23 450 citizens of 21 European countries were interviewed between 19 and 7 October 2016 about their online shopping habits. Hungary also took part...
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Euro-zone’s business sentiment index is on top
In March, the European zone’s business sentiment index (ESI) stagnated on its five and a half year peak, however, the economic sentiment index has deteriorated somewhat. In March the business...
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Electric vehicle market about to undergo a boom
Strategic investors are finding new areas for their investments, and one of these is electromobility. The message conveyed by development projects is that the S Curve of electric vehicles will...
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Premium category food products made using Hungarian technology on four continents
The story of Hagyó Kft. started as a small business in Miskolc, but today their distilling machinery is already used overseas, with help from the Hungarian National Trading House (MNKH)....
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Good export opportunities in Iran
On 7 February 2017 the Hungarian National Trading House (MNKH) organised a Hungary-Iran Business Forum in Budapest. There were almost 60 Hungarian and Iranian companies present. In 2015 the value...
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Magazine: Content and shape: mineral water bottles do dress up the products
According to Kata Bányi, trade marketing director of Coca-Cola HBC Magyarország Kft., the distributor of NaturAqua mineral waters, after two years of sales decline the mineral water category expanded again...
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Magazine: Oat is the new star
Oat is the star ingredient of the growing cereal product market. All three segments – muesli, breakfast cereal, cereal bar – contributed to the sales growth of last year. According...
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