Market News

Fazekas Sándor: two-thirds of the area is complete grape harvest

Grape harvest has been completed about two-thirds of the fields – the Minister of Agriculture said on Saturday in Rátka, Borsod-Abaúj-Zemplén county. During a visit to the Angyal Borászat és...

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The day of Internet shopping was organized again

The day of Internet shopping will be organized for the sixth time in Hungary. During Friday's one-day e-commerce action hundreds of shops will offer special discounts – the organizer, the...

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NGM: A hundred billion HUF worth food support program to be sent to social debate

The NGM on Friday sent the Support of Food-Industrial Complex Investments with combined loan products call for proposal to social debate. The total of 100 billion forints – 50 billion...

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KSH: foreign trade turnover in August increased significantly

In August, the value of exports increased by 12.5 percent in euros, while imports increased by 10.8 percent, compared to last year, after the 5.4 and 6.4 percent decline of...

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NÉBIH: Due to misleading labeling organic rice milk chocolate was withdrawn from the market

Due to misleading labeling organic rice milk chocolate was withdrawn from circulation. The consumption of the chocolate with milk-free and vegan inscription is dangerous for people with milk and protein...

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Global wheat and rice harvests poised to set new record

Global food markets will likely remain “generally well balanced” in the year ahead, as prices for most internationally-traded agricultural commodities are relatively low and stable, FAO said today. The benign...

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Budapest Wholesale Market is 25 years old

Budapest Wholesale Market, Hungary’s biggest fruit and vegetable wholesaler, opened its gates in the summer of 1991. CEO Zoltán Házi told that in the last 25 years the market’s infrastructure...

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Higher sales revenue for companies in Central Europe in 2015

Last year Central Europe remained an important target for foreign investors – revealed the Deloitte Central Europe TOP 500 survey. This time 67 Hungarian companies made it to the top...

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Rondo appoints new managing director

As of 1 April 2016 Rondo Ganahl AG appointed Zsolt Miklós as the new managing director of the company’s Hungarian affiliate. Mr Miklós worked in the furniture industry before joining...

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PayPal and Mastercard expand cooperation

PayPal and Mastercard are expanding their long-standing cooperation with an important new element: in the future Mastercard will be one of the PayPal payment options and Masterpass will be accessible...

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The NÉBIH preceded 9 billion HUF VAT evasions last year

The National Food Chain Safety Office (NÉBIH) preceded 9 billion HUF VAT evasions last year thanks to its inspections. The National Food Chain Safety Office (NÉBIH) carried out almost three...

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More fresh milk would be given to the children in public catering

The public catering regulation of the Human Resources Ministry will be amended. Among other things, it is planned that more fresh milk would be given to the children in public...

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The importance of domestic demand became more valuable for the large enterprises

The importance of domestic demand became more valuable for the large enterprises – the privatbankar.hu wrote. Now the large enterprises’ profitability depends on mostly this factor, but the government's economic...

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MNB: businesses used 231.8 billion HUF in the third stage of the NHP so far this year

In the third phase of the growth loan program (NHP) between 1 January to 30 September, the companies concluded contracts amounting to 231.8 billion HUF, of which 68 percent were...

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Carton recycling rate in Europe is close to 50 percent

Carton recycling in the European Union is at last within sight of reaching 50 percent. From under 30 percent in 2005, it has risen to 44 percent in 2015 -foodbev.com...

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Praktiker expands

Praktiker opened its twentieth store in Hungary. In the near future the company is planning to open new stores. According to the statement of the company sent to MTI, Karl-Heinz...

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Romanian retail sales expanded significantly

In the first eight months, the volume of retail sales in Romania increased by 16.3 percent, compared to the same period last year – the Romanian national statistical institute annponced...

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KSH: retail sales accelerated again in August

According to the raw data, the volume of retail sales increased by 5.8 percent in August, compared to the same period last year. Calendar effect adjusted, the volume of retail...

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Kopint-Tárki: GDP may grow by 2.2 this year and 2.7 percent next year

According to the lastest forecast of the Kopint-Tárki Zrt., the Hungarian economy may grow by 2.2 this year and by 2.7 percent next year. The government deficit this year may...

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NGM: retail sales are growing steadily for 38 months

Hungarian retail sales are growing steadily for 38 months, and significantly above the EU average – Lepsényi István, Minister of State for the Ministry of National Economy (NGM) told M1...

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Coface: the number of insolvent companies may reduce this year in Central and Eastern Europe

The number of insolvent companies may decrease by 5.3 percent this year in the Central and Eastern European region, due to more favorable economic environment – according to the recent...

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Retail sales decreased in August in the EU and in the euro area

In August 2016 compared with July 2016, the seasonally adjusted volume of retail trade fell by 0.1 percent in both the euro area (EA19) and the EU28, according to estimates...

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This year, more sunflowers and corn grown in Zala county

This year, more sunflowers and corn grown in Zala county, as in last year. The harvested crop has a good quality – the county chairman of the National Association of...

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Szekszárd is preparing a cooperation with a Portuguese wine city

The local government of Szekszárd is preparing a cooperation with Viseu, a Portuguese wine-growing town. According to the commercial manager of the Portuguese Embassy, it can bring new markets to...

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Acquisition transforms the employment market

One of the world’s leading human resource consulting firms, Randstad Holding (present in 39 countries), has announced their acquisition of online recruitment specialist company Monster Worldwide Inc. Monster Worldwide will...

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It is good to work for industrial firms

According to K&H’s latest SME confidence index, conducted with the participation of 500 Hungarian managing directors, the proportion of businesses that plan to recruit new workers dropped from 24 percent...

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We don’t understand IT terms

53 percent of Hungarians (the European average is 52 percent) say they use modern technology much more often than two years ago and 8 percent of them (in Europe: 13...

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Magazine: Sweet(ener) life

In the last few years sugar retail sales stagnated, but sales of alternative sweeteners (sugar substitutes) were able to grow considerably. Ákos Fodor, marketing manager of Magyar Cukor Manufaktúra Kft....

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More modern cash registers may come soon

Soon, the authority may issue the distribution license of the first new type of online cash register – Magyar Idők wrote. The authority is currently investigating the parameters of twelve...

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The NÉBIH only objected the “organic” mark in case of the tested brown and cane sugars

The cane sugars available in Hungary are truly made of sugar cane – the National Food Chain Safety Office (NÉBIH) told MTI. During the test of the National Food Chain...

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