Market News

Swiss Krono’s new wood processing plant starts production

Swiss Krono Group invested HUF 30 billion in building a factory that manufactures OSB panels in Vásárosnamény. State-of-the-art production technology is used in the new factory, where more than 100...

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Changes in subsidies tied to production

The conditions of subsidies tied to production and greening are going to change next year, so that farmers will be able to comply with the rules more easily. For instance...

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State Horse and Model Farm established in Mezőhegyes

After a government decision in November, the state bought back the Mezőhegyes State Horse Farm Zrt. for HUF 2 billion (it had been privatised in 2004) and merged it with...

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Everything you wanted to know about the Christmas gift shopping

Christmas is the most beautiful time of the year. Gift-giving is an integral part of Christmas, so the MOM Park with the contribution of GfK Hungária was searching for the...

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Nielsen: 41 percent of the Hungarians believe that it is worth to by premium products

Intense and uniquely aromatic arabica coffee, leaf tea on the highest degree of tea culture, sourdough bread made with great care or capsule washing powder. For example, most of the...

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GKI expects a 3 percent growth in the economy and a 5 percent in consumption next year

The Hungarian economy is essentially proceed along the path indicated in September. Due to the decline in EU subsidies, the 2 percent GDP growth of 2016 is one of the...

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FM: the quality of bakery products can be improved, due to the amendment in the Hungarian Food Codex

The regulation about the mandatory specifications of the Hungarian Food Codex was amended, which covers the regulations on bakery products as well. Thanks to the amendment higher-quality breads and bakery...

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KSH: the rise in earnings has continued

The gross average wage increased by 5.4 percent in a year and was 262.2 thousand HUF in October, while net earnings due to changes in the rules of personal income...

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Major Christmas operation in the fish plant in Hortobágy

Major Christmas operation has started in the plant of the Hortobágyi Halgazdaság Zrt.; ten tons of fish is processed every day – the CEO of the nation's largest fish farm...

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GKI: labor shortage is the most acute at small companies

Mostly, firms employing fewer than 20 people are looking for manpower, they could employ about a quarter more than the existing staff number – the GKI Economic Research Co. announced...

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Twenty thousand new online cash register users in 2017

The Ministry of National Economy (MNE) estimates that from January 1, the range of online cash machine users will expand by about 20 thousand enterprises. More than half of the...

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The offerings of the Syngenta employees will be used to develop children

Syngenta has organized a Christmas fundraising action. The toys and tools bought from the offerings of the company's employees will be used in the member institution of the Jász-Nagykun-Szolnok County...

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A merchant from Újfehértó broke the lock of the authorities and re-tagged apples

A merchant from Újfehértó broke into a warehouse sealed by the authorities and re-tagged 14 tons of apples that were waiting to be destroyed – the National Tax and Customs...

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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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Growth rate slowing down in grocery retail

In the first three quarters of the year the growth rate of grocery retail sales slowed down. Between January and September 2016 sales represented a value of HUF 1,200 billion...

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Trade fairs: participation isn’t obligatory, but recommended

Experts say that the international trade fair market is booming again. In general we can say that demand is the biggest for special trade shows with a well-planned concept, events...

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Magazine: Business Days 2016: Facts and prescriptions (Part 2)

On Thursday manufacturers were in the centre of attention at the Business Days conference. In the first section of the day the Branded Goods Association (BGA) was the host, with...

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GKI: the consumer confidence index closed the year on its ten year peak

The GKI economic index increased again in December. The index has been surging in a relatively narrow band for about three years and is now located at the top of...

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MAGOSZ: cereals and industrial crops closed this year with a near-record harvest

Thanks to the abundant rain, cereals and industrial crops closed this year with a near-record harvest – the chairman of the Hungarian Farmers' Societies and Co-operatives Association (MAGOSZ), told at...

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FM: less hygienic problems at the Christmas fairs

Less hygienic problems were found by the professionals at the Christmas events during this year's current winter seasonal food chain controls – the Minister of State of the Ministry of...

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NGM: 3500 new cash registers were put into operation

Until Monday noon, the enterprises installed around 3500 new cash registers. The 50 thousand HUF public support pertains to those cash registers that will be put into operation until 31...

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Gardeners can apply for grants even in January

The submision deadline of the “Modernization of Gardening – Gardening Machinery Support” application was amended to 6 January 2017. (MTI)...

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The survey of Játéksziget was published

In connection with the Christmas purchases, the staff of the Játéksziget carried out a survey, in what age the parents would buy a tablet or laptop to their children. One-third...

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Inflation increased in the euro area and in the EU

Inflation increased in the euro area and in the EU in November, both the euro area and in the European Union, compared to October, according to the data of Eurostat...

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Food prices keep rising in the world market

According to FAO, food prices continued to increase in October: the price index grew by 0.7 percent to 172.6 points. The report revealed that meat and vegetable oil prices dropped,...

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The goal is to improve the situation of farmers

In order to improve the situation of farmers, Brussels should reform the policy framework of the supply chain, fight unfair trading practices and facilitate accessing financial resources – stressed the...

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Croatian companies on home soil

Croatian retail chains will strengthen their positions further in the domestic market next year. Market leader Konzum modernised 10 stores and opens 10 new stores in 2016. In 2017 the...

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The test selling of the premium category Áldomás food products has started

The test selling combined with tasting of the premium category Áldomás food products has started in eight Prima stores in Budapest in early December – Magyar Levente Minister of State...

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Turkey Association: the growth of the sector has stopped

After the expansion of 2014 and 2015 the growth in the Turkey sector has stopped this year. This year’s production was around 102 thousand tons which is similar to last...

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Good poultry export data

According to the European Commission's latest November data, the total poultry meat output of the European Union is expected to rise 2.5 percent to 14.6 million tonnes compared to 2015....

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