Market News
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...
Read moreThe 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...
Read moreHoney 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...
Read moreThe 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...
Read moreSeklerland 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...
Read moreGerman 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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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...
Read moreGKI: 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...
Read moreFM: 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...
Read moreThe 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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