Market News

The PayPal.Me was launched in Hungary as well

According to the statement of PayPal sent to MTI, with the new PayPal.Me service anyone can send and receive money with a unique link, which can be sent to the...

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The Government declared 2017 as the year of Furmint

The Government declared 2017 as the year of Furmint, with the aim to raise the attention of the international and domestic markets and the consumers on one of the most...

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KSH: export growth continues further

Last November, export value in euros increased by 5.8, while the value of imports increased by 5.1 percent, compared to the same month of the previous year. The trade surplus...

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New tenders are available for farm development and natural disasters prevention

Two new combined 10 billion HUF worth proposals appeared under the Rural Development Programme: support for infrastructure development of the farms and investments for the prevention of hailstorms – the...

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Deterioration in consumer confidence in the United States in January

The Conference Board Consumer Confidence Index, which had increased in December, retreated in January. The Index now stands at 111.8 points, down from 113.3 in December. The Present Situation Index...

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Air cargo and passenger traffic increased in 2016

According to the data of the International Air Transport Association (IATA), air freight grew by 3.8 percent, while passenger traffic increased by 6.3 percent in 2016 compared to the previous...

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Annual packaging barometer

Hungary’s packaging industry is an important one in Europe and it keeps developing. This year’s preliminary data are also positive, but the growth rate seems to have slowed down a...

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Sales remain concentrated when it comes to creames

Cream retail sales were realised in the value of HUF 7 billion in January-September 2016. Like-for-like value sales rose 3 percent and volume sales got 4 percent better. Cream sales...

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Better-than-average trends

In the first three quarters of the year 200m² and smaller shops had a 27-percent share in the retail value sales of grocery categories audited by Nielsen. However, from candy...

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In the same team as Messi

Nestlé cooperates with Lionel Messi in popularising a healthy lifestyle among young people. A four-year contract has been signed, making the Milo brand FC Barcelona’s ‘tonic food drink’ product. In...

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Nielsen: an increase in the weight of large stores in food-retailing

Food retail trade reached an around 1620 billion HUF turnover between December 2015 and November 2016, 2 percent more than during the same period of the previous year. Nielsen’s Retail...

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The NGM turns to the competition office if the effect of the VAT reduction fails

The National Economy Ministry (NGM) will turn to the competition office if the market operators violate of the competition rules and affect the market processes in a way that the...

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The Italian-led cheese manufactory will launch a training

The CBA opened a cheese manufactory in Veresegyháza in order to ensure quality cheese consumption in Hungary – Fodor Attila, Director of Communications of the Hungarian chain told MTI at...

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Workania: the average salary increased slightly last year in Hungary

Gross salaries increased last year, compared to the previous year. The earnings continue to be the highest in Budapest, but wages are also affected by educational attainment, the job and...

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The long-lasting cold caused damages in the autumn crop

Because of the bad weather most of the autumn sowings developed poorly in Hajdú-Bihar county, due to continuous cold the situation deteriorated further – the regional president of the National...

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Economic growth accelerated in Europe

Economic growth accelerated in Europe both in the European Union as a whole and in the euro area in the last quarter of last year – according to the first...

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Europe’s unique soil quality research center will be established

The internationally recognized researchers of the Eötvös Loránd University’s Faculty of Sciences (ELTE TTK) and the Hungarian Academy’sf Agricultural Sciences Research Centre (MTA ATK) will create a new strategic R...

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Euro area inflation strengthened in January

According to the preliminary data of the European Union’s statistical office (Eurostat), euro zone’s inflation became 1.8 percent in January, after the 1.1 percent of December. The 8.1 percent annual...

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Modernised Lipica horse equestrian centre

As part of a modernisation project, from HUF 1.8 billion a new, roof-covered equestrian centre was built in Szilvásvárad. The buildings serving the centre are also refurbished – works will...

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Mohács abattoir nears completion

The test run of the new, HUF 20-billion Mohács abattoir – built by Market Építő Zrt. for MCS Vágóhíd – started in November. Production will commence in the first quarter...

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Quality Innovation 2016 competition winners announced

The president of Finland started the Quality Innovation programme in 2007 in cooperation with quality assurance organisation Excellence Finland. In the National Prize category Pick Szeged Zrt. was one of...

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Honey falsification: EU needs to take actions against honey adulteration

If the beekeepers would sell their honey at current price it would mean bankruptcy for them – Nagyernyei Attila, president of the Tolna County Apiary Association told. The purchasers offer...

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The appropriate use of the digital economy would create more than 100 thousand new jobs in Europe

The start-up technology companies increasingly go to Asia or to America and Europe seems to lag behind the developments in the digital market. If a Franco-German Valley would be established...

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Seklerland would also use the pálinka product name

Kovászna, Hargita and Maros counties in Székelyföld asks for the amendment of the pálinka law from the Hungarian government. They also want to use the pálinka product name. The Hargita...

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Firms and households saved huge amounts in December last year

The population and the companies both increased the amount of their deposits in the last month of last year – according to the recent data of MNB, published on the...

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A tender to prevent of hail damages

The Prime Minister’s Office published an application that supports investments for the prevention from hail damages – agrarszektor.hu wrote. The applications can be submitted between 14 March 2017 and 13...

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German retail sales declined

Retail sales in Germany declined unexpectedly in December, provisional data from Destatis revealed Tuesday. Retail sales fell 0.9 percent in December from November, confounding expectations for an increase of 0.6...

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Economic sentiment improved in the euro area and declined in the EU

In January, the economic sentiment improved slightly in the euro area and deteriorated somewhat in the EU – according to the communication of the European Commission Directorate-General for Economic and...

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More than 8 billion HUF for farm development

The Prime Minister’s Office announced a grant for farm infrastructure development. A total of 8.2 billion HUF is allocated in the Rural Development Program for tghis purpose – agrarszektor.hu wrote....

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Hungarian consumer confidence at six-year record high

The confidence index of Hungarian consumers increased by 7 points from Q2 to Q3 2016 and reached 64 points – the highest level since 2010. In Europe the average of...

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