Market News

Magazine: Trendy liver patés

With its annual volume sales around 9,600 tons, the liver paté category is a medium-sized one among meat products. According to Zoltán Szántó, senior product manager of Pick Szeged Zrt.,...

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Moody’s: 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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GKI: economic growth may be around 3 percent this year

After last year’s 2 percent, Hungary’s GDP growth will be around 3 percent this year. In particular, due to the restart of the EU support a significant growth will occur...

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The growth of online retailing requires new logistics solutions

We faced the fact already last Christmas that online shopping has become part of everyday life, while e-commerce has become one of the fastest growing sectors. The portfolio.hu asked the...

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FM: The government will continue to treat the position of the farmers as a priority

The government will continue to treat the position of the farmers as a priority. In addition to the EU supports, the Ministry of Agriculture (FM) maintains the system of transitional...

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The earnings of sellers has increased

The earnings of sellers, cashiers, pickers working in stores and department stores increased by 25 thousand forints in November 2016 compared to January exceeding 179 thousand forints, while the in-store...

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The commercial real estate investments in Hungary grew by 133 percent last year

The value of commercial real estate investments more than doubled last year in Hungary. The Colliers International real estate consulting firm expects a similar active year for this year and...

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KSH: 152 thousand more workers at the end of 2016 than a year before

In the fourth quarter of last year, the number of employees was 4 million 411 thousand, 3.6 percent (152 thousand) more than a year before. The employment rate of aged...

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The deadline for the submission of the fish farming tender was extended

The deadline for the submission of six applications of the Hungarian Fish Operational Programme (MAHOP) was modified. Instead of February, the applicants can submit their support claims until March –...

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Chamber of Agriculture: feeding wildlife in the winter is the interest of the farmers

The winter feeding of the wildlife is not only significant because it helps the animals to survive the hard frosts, but also also serves the interests of farmers. The winter...

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Online wins

A Deloitte survey conducted in 2016 forecasts that e-commerce will be the big winner of this year’s Christmas season. In the USA online sales are expected to grow by 17-19...

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Transparent contactless payment is popular in the vending market as well

The turnover is increasing and purchase becomes transparent at locations where contactless payment is accepted. According to András Méth, head of commerce development at Mastercard, the choice of products and...

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Hungarian gray cattle can be registered in Slovakia as well

Nagy István, Parliamentary Minister of State of the Ministry of Agriculture and Csicsai Gábor Minister of State of the Slovak Ministry of Agriculture negotiated over the possibility of the Slovakian...

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The KSH has published the foreign trade figures on cattle

According to the data of the Central Statistical Office (KSH), Hungary’s exports of cattle increased by 11 percent in January-October 2016, compared with January-October of 2015. The main partners were...

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The government encourages the consumption of honey

The government would like to increase the average annual honey consumption of 70 dekagrammes to 1 kilogramme per person within 2-3 years – Nagy István, Parliamentary Minister of State of...

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Twenty cigarettes will be in the packs again

Soon cigarette packs containing twenty cigarettes will replace the current packs of 19 cigarettes – the magyaridok.hu wrote. According to the new EU regulations, the manufacturer cannot produce the old...

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The gardeners were quick

Because of the depletion of the commitment framework, the Prime Minister’s Office suspends the “Modernization of Gardening, Glass and Foil House Construction and Efficiency Increase by Using Geothermal Energy” application...

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Tax regulations on primary producers to change

From 1 January this year the rules on agricultural producers’ contribution payment have changed. The National Tax and Customs Office (NAV) draws attention that rules on income earned as advance,...

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The grapes of the northern shore of the Lake Balaton are at risk

According to local wine producers due to real estate speculators and due to the aging of the plantations the grapes of the northern shore of the Lake Balaton are in...

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Hundreds of kilos of unmarked ewe’s cheese was seized by the NÉBIH

More than 450 kilogram of unmarked, partly moldy dairy products were seized by the experts of the National Food Chain Safety Office (NÉBIH) in Kistarcsa. Hundreds of thousands of HUF...

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U.S. consumers are optimism

he University of Michigan Final Consumer Sentiment for January came in at 98.5, up from the December Final reading. Investing.com had forecast 98.1. Surveys of Consumers chief economist, Richard Curtin,...

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More than eight thousand chickens died in a fire in Orosháza

8700 chickens died in a building fire in the outskirts of Orosháza – the press officer of the Békés County Emergency Management told MTI. Baráth Ilona said that the fire...

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Hungary regarded as reliable business partner also in Asia

Hungary has been Hong Kong’s number one trade partner in the CEE region, and the existing mutual confidence may be further improved by Hungary’s participation in the “One Belt, One...

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Magazine: Digitally connected consumers

Digital device use is expanding dynamically in Hungary, for instance back in 2013 only 49 percent of internet users owned a smartphone, but by 2016 this proportion reached 80 percent. The...

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The output of agriculture grew by 48 percent between 2010 and 2015

The output of Hungarian agriculture increased by 48 percent between 2010 and 2015, while its gross added value grew by 85 percent between 2010 and 2015 – Czerván György Minister...

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The FAO Food Price Index fell for the fifth consecutive year in 2016

The FAO Food Price Index* (FFPI) averaged almost 172 points in December 2016, unchanged from November with strong gains in the prices of vegetable oils and dairy largely offsetting a...

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Csepreghy Nándor: Hungary is at the forefront in the use of EU funds

Hungary is ranked as the first among the Visegrád countries in the utilization of the European Union funds, while in the European Union’s 28 member states Hungary is among the...

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The bird flu outbreak affected 230 farms in the country

In recent months due to the bird flu, the killing of 3 million animals was ordered by the authorities in 230 farms, which means that 3 billion HUF worth stocks...

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Strategy to increase the prestige of the wine of Somogy county

The strategy that intends to increase the prestige of the wine of Somogy county – especially in the Balatonboglár wine region – will be completed for the summer. The wine...

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Union: nearly two-third of the Hungarians do not save for retirement

60 percent of Hungarians do not save for old age. 67 percent of the 36-40 year old population has no savings for retirement – according to Union Insurance Group’s latest...

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