Market News
Retail sales: increase in value, decrease in volume
In January-October 2016 Hungarian companies sold EUR 211 million worth of food in the Netherlands – this represented 3 percent of our total food export. This sum was 59 percent...
Read moreMagazine: Fierce competition for housewives
Compared with 2015, dishwasher detergent sales increased in 2016. Dishwasher tablet sales contracted a little, while dishwasher gales performed a bit better. Washing-up liquid sales decreased, with large-sized products producing...
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Magazine: Dolce vita
This year the Association of Hungarian Confectionery Manufacturers celebrated its 25th anniversary. President Sándor Sánta told: they have 25 members that are responsible for more than 85 percent of Hungary’s sweets...
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Hungary’s online retail is worth more than a billion euros
This year’s first survey by GKI Digital and Árukereső.hu revealed that online retail sales represented a HUF 310-billion value last year. Online sales expanded by 18 percent in 2016 – Norbert...
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The one-fifth of world’s food production is wasted due to over-consumption and waste
About 20 percent of world’s food production is wasted due to the fact that people consume more than necessary, and a part of the food ends in the trash –...
Read moreK&H: Subdued revenues and profit growth is expected by the SMEs this year
On average, 5.5 percent and 3.2 percent profit growth in revenues is expected by the small and medium-sized enterprises (SMEs) this year – according to the latest data of the...
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Inflation is accelerating in Europe
Consumer prices in the Euro Area increased 1.8 percent year-on-year in January of 2017, following a 1.1 percent rise in December and in line with preliminary estimates. It is the...
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The Growth Loan Program ends
The companies have slightly more than one month left, to claim for the favorable sources of the Growth Loan Program’s for their investments. “The decisions on investments of a significant...
Read moreNew trade offices to be opened abroad
The government initiates the establishment and operation of three additional foreign commercial offices. This time, a total of slightly more than 400 million HUF will be spent on boosting up...
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World’s future food security “in jeopardy” due to multiple challenges, report warns
Mankind’s future ability to feed itself is in jeopardy due to intensifying pressures on natural resources, mounting inequality, and the fallout from a changing climate, warns a new FAO report...
Read moreHungary lost a lot because of the sanctions against Russia
Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...
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Client Gateway risks
The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...
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The Russian embargo reduced the Hungarian agricultural exports with nearly a hundred million euros
The Russian import ban introduced in 2014 affected the Hungarian agri-food industry badly. During three years, the sector’s exports decreased by nearly one hundred million euros – Magyar Idők wrote....
Read moreThe mountain council to develop a plan to regulate the sale of grapes
The National Council of Wine Communities (HNT) worked out a draft for the regulation on the sale of grapes. The viticulturist interbranch organization plans to publish a new type of...
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The rise in real wages can be 8 percent this year
This year, real wages can increase by 7-8 percent in addition to a 1-1.5 percent inflation rate – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...
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GfK: the proportion of customers loyal to their banks is increasing
The proportion of customers who are loyal to their banks increased steadily last year, while the proportion of those who are open to change bank is stable; it is around...
Read morePrologis: strong demand stays on the logistics real estate market
Strong tenant demand remains on the domestic logistics real estate market, and because the current stock is saturated, new developments are expected this year – Kemenes László, managing director of...
Read moreThe chain of stores are preparing for significant wage increases
Wage negotiations are taking place smoothly this year at the a large international supermarket chains – Világgazdaság Online wrote. In order to keep the workers, the companies were forced to...
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The Hungarian simmental heifer is more and more popular
These cattle are popular in Hungary and abroad as well – Magyar Hírlap wrote on Tuesday. Füller Imre, executive director of the Association of Hungarian Simmental Breeders’ told the newspaper...
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Brazil is importing coffee
Brazil’s government has authorised the country’s first-ever imports of robusta coffee, at the request of the instant coffee industry, and it should soon start taking delivery of limited amounts from...
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Newer applications for local economic and tourism development
Another five, call for proposals were published aim to support of local economic and tourism development, energy modernization and development of sustainable urban environment. The value of the call for...
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FM: about ten thousand pheasants should be disposed in Abádszalók
Due to avian influenza about ten thousand pheasants, the entire herd must be destroyed in Abádszalók at the Hubertus Hunting Company. The disposal began on Tuesday – the Ministry of...
Read moreHENT: false pesticides can cause cancer and infertility
Counterfeit pesticides can have serious adverse health effects in human beings, they may contain dangerous and toxic pollutions and uncontrolled by-products that have carcinogenic or gametes damaging effect – the...
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Invoicing with value limits
Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...
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Under a supported roof
With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....
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Efficient NAV
In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...
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Cunning merger
Hungarian regulation on mergers has changed fundamentally. Due to the changes in competition law, in the future a transaction can be approved in 8 day instead of the present 30...
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ÉFOSZ and Branded Goods Association welcome the ministry’s decision
The Federation of Hungarian Food Industries (ÉFOSZ) and the Branded Goods Association (BGA) welcome the announcement that Róbert Zsigó, secretary of state at the Ministry of Agriculture made today: in...
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Ministry of Agriculture (FM): comprehensive testing has started because of the differences in the quality of food products sold
Minister of Agriculture Sándor Fazekas has commissioned another comprehensive laboratory testing of similar food products sold in shops in Hungary and abroad, in order to compare their qualities – told...
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