Market News
The Hungarian SMEs could meet with business development services within the series of events of MNKH and EEN
The Hungarian National Chamber of Commerce (MNKH) and the Enterprise Europe Network (EEN) organized a seven-station series of events for the enterprise development of the Hungarian SMEs. In the framework...
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The African swine fever (ASP) appeared near the Hungarian border
Again, the African swine fever (ASP) appeared near the Hungarian border; The virus was detected from a wild boar shed in Beregújfalu. The incident was notified by the Transcarpathian authorities...
Read moreGrowth in retail sales slowed in the Czech Republic
In April, retail sales in the Czech Republic rose by 2.7 percent year-on-year, after the 8.7 percent of March – the Czech statistical office (CSÚ) reported in Prague. Retail sales...
Read moreGlobal air cargo and passenger traffic increased
According to the data of the International Air Transport Association (IATA), air cargo and passenger traffic increased significantly in April compared to the same period of last year. According to...
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Favourable price and quick service is the key to sharing economy
The “sharing economy” is a term frequently incorrectly applied to ideas where there is an efficient model of matching supply with demand, but zero sharing and collaboration involved. Platforms such...
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Magazine: Consumers expect more from yogurts
In the past few months plain yogurt sales decreased in value and stayed put in volume, while fruit yogurt sales didn’t change in value but reduced in volume. Henriett Szabó-Spanyol,...
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The SME lending grew by 12 percent in 2016
Corporate lending increased in 2016 in an extent has not seen since the crisis. Corporate lending increased by 4 percent. The SME loan portfolio increased by 8 percent, and extended...
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VAT and its effects
When the new VAT rates were introduced in January, many thought that the 5-percent VAT on poultry, fresh milk and eggs would result in a market restructuring, e.g. consumer demand will increase for these products,...
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Tesco, Coop and SPAR are the top three retailers in 2016
TESCO is still Hungary’s biggest retailer, with an estimated annual turnover of HUF 790 billion, followed by COOP in Trade magazin’s FMCG retailer ranking in 2016. SPAR finished at the...
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Large stores with a high market share
Between April 2016 and March 2017 fruit yogurt sales exceeded HUF 37 billion. Value sales didn’t change in the examined period but volume sales decreased by 1.3 percent. Plain yogurt...
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Milk Product Board: milk production grew by 10 percent over the past three years
Over the past three years, there has been a clear improvement in the dairy industry in Hungary, as domestic milk production grew by 10 percent between 2013 and 2016, the...
Read moreNew Gozsdu Courtyard opens in Eger, and the star wineries are also taking part
Those people who visit the Eger wine region will find exciting developments. The Wineries are increasingly linked to (wine) tourism, and outstanding items can be found at the less known...
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What are we going to drink this summer?
As the summer approaches, we need to pay more attention to hydration, to ensure the body’s liquid needs. According to a recent surveys, we are choosing drinks more and more...
Read moreLondon analysts: we can expect strong growth in Central Europe
According to London’s financial analysts, the fresh factory activity figures in the emerging European region indicate that the strong growth in Central European EU economies continues. The economists of Capital...
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NGM: researchers won 7.6 billion HUF grant
Twenty research institutes have won a development aid of 7.6 billion HUF in the framework of two calls from the Competitive Central Hungary Operational Program (VEKOP) – Rákossy Balázs, Minister...
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German multinationals want standardised online identification
Leading German multinational companies wish to develop a multi-industry technological platform that would make standardised online registration, electronic identification and other data services available to companies. The new solution could...
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Online shops to pay bigger fines
Ákos Kara, secretary of state responsible for infocommunication and consumer protection informed that the name of online shops that don’t comply with the regulations will be registered in an online...
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Magazine: Pasta: a healthy choice
Hungarians like pasta, this is well-reflected by the fact that we are seventh in the European pasta consumption ranking. Although the product is healthy, sales only expand in certain segments....
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Summer preserved
Weather, fruit quantity available and market prices – basically these three factors decide what the home preserving (of fruits and vegetables) season will be like. According to Eszter Varga, trade...
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Slower growth
Between January and April 2017 more than HUF 11 billion worth of pasta was sold in Hungary. Both value and volume sales were up 2 percent. Small shops belonging to...
Read moreUnlimited data package, without a loyalty period
On 15 May Alexandra Reich, CEO of Telenor Hungary introduced the new, unlimited data tariffs of the mobile service provider at a press event. Telenor Hello Data limits the minutes...
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HEINEKEN brings us the Beers of Europe
On 9 May HEINEKEN Hungária Zrt.’s premium beer collection – which consists of four traditional European beer brands – debuted in Hungary. In the Beers of Europe selection shoppers can find...
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FMCG and retail commercials from a neuromarketing perspective
Synetiq’s neuromarketing team measured more than 1,100 commercials in 2016 with their innovative method, and from these 500 were retail and FMCG ads. The company also kept market expectations and KPIs...
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Better performance from the food industry, combined with market loss
Tamás Éder, president of the Federation of Hungarian Food Industries (ÉFOSZ) told that the food sector performed 1.4 percent better in 2016 than in the previous year. Despite this good performance...
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The calmness of the land before the storm
The Branded Goods Association (BGA) and its members had a successful year, but 2017 started with a bang – it is enough to mention the government’s planned measures to impose...
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Retail took a step forward in 2016
In 2016 retail sales grew by 4.7 percent – reported the Central Statistical Office (KSH). FMCG sales rose by almost 3 percent, sales of high-value consumer goods improved by 5 percent...
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2017 is the year of challenges in the Hungarian tobacco product market
Sales in the Hungarian tobacco product market have been increasing since the introduction of the new tobacco shop system. After the 25-percent surge at the end of 2014, sales have been...
Read moreAgrarian Chamber: The Cherry Season begins
The Cherry Season begins and the most popular variety is traditionally the Germersdorf’s giant, the Biggarreau Burlat and the Van. The price of fruit is likely to be affected by...
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Which are the most popular FMCG retail chains?
Kantar Hoffmann conducted a shopping habits survey in the 18-64 age group in March. They were trying to get to know which retail chains Hungarian shoppers know the best and like...
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Foreign trade balance: food exports reached outstanding results
In March, exports in euros were 19.0 percent higher, while imports were 21.3 percent higher than in the previous year, according to the second estimate of the Central Statistical Office...
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