Market News
The competitive position of SMEs may improve
The K&H SME confidence index interviewed half thousand domestic SMEs about how their competitive situation may occur this year, compared to their competitors. The market position of SMEs may strengthen....
Read morePrime Minister’s Office: applications for agribusiness training support can be submitted from 14 April
Applications for agribusiness training support can be submitted from 14 April, instead of the original 27 March date – the Prime Minister’s Office announced on Friday. According to the communication...
Read moreStores are closing one after another because of the online retail
Az utóbbi évtizedek legnagyobb üzletbezárási hulláma sújtja az Egyesült Államokat az internetes kereskedelem terjedése és a fogyasztói szokások átalakulása miatt – idézi a Business Insider cikkét az index. A következő...
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Economic cooperation can expand in many sectors between Hungary and Vietnam
About 100 domestic and Vietnamese companies carried out bilateral business talks within the Hungarian-Vietnamese Business Forum, organized by the Hungarian National Trading House on 23 March in Budapest. The event...
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Grant programmes for agricultural diversification
In the new grant scheme of the Rural Development Programme there is a HUF 36-billion budget for financing projects, such as stabilising the income of agri-businesses, and starting and developing...
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Russian expansion
Lenta, one of Russia’s leading grocery retailers managed to increase sales by 21.2 percent last year. In 2016 the chain opened 51 hyper- and 17 supermarkets. In December Lenta made...
Read moreOrganic farming gains momentum
The Hungarian Organic Culture Association and Takarékbank Zrt. signed a cooperation agreement: in the future the two parties will pay special attention to fostering programmes that promote the consumption of...
Read moreKSH: retail sales in January increased by 4.8 percent
In January, the volume of retail stores increased by 4.8 percent, according to the raw data, while calendar effect adjusted increased by 3.8 percent, compared to the same period of...
Read moreNGM Deputy Minister of State: the growth of retail sector is continuous for 43 months
Retail turnover is continuously increasing for 43 months. The above average January sales growth is due to the fact that because of higher wages that arrived in February, confidence increased...
Read moreSzázadvég: the economy may expand with 3.6 percent this year and with 3.4 percent in 2018
According to the latest forecast of the Századvég Gazdaságkutató Zrt. economic researcher, the Hungarian economy in 2018 may grow by 3.4 percent this year and by 3.6 next year. If...
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The Association of Hungarian Brewers would whiten the beer market with the Association of Small Breweries
In the wake of HVG’s article, the Association of Hungarian Brewers turned to NAV’s Excise Department in a letter. The Association of Hungarian Brewers compiling the major domestic beer manufacturers...
Read moreNÉBIH: there is a shortage of eco seeds
There is a shortage of domestic propagated eco seeds, so it is worth to the seed producers to register their products on the National Food Chain Safety Office’s (NÉBIH) database...
Read moreGerman consumer sentiment worsened in April
The increase in inflation decreased the consumer sentiment index in April below the expected level – according to the GfK market research institute. In April, the GfK German consumer sentiment...
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This year the Government provides 40.5 billion HUF to the state companies to raise wages
The Government provides 40.46 billion HUF this year to the state-owned companies to raise wages and in the next few years these companies will be given significant sources to implement...
Read morePortugal to levy sugar tax on soft drinks
The Portuguese government expects to raise EUR 80 million for public health from introducing a sugar tax on soft drinks from 1 February 2017. The new tax would apply to...
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Italian wines in the US market
Last year 2.53 million hectolitres of Italian wine was sold to the USA. Although Italy’s wine export reduced by 0.5 percent in volume, it augmented by 3.1 percent in value...
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Optimistic US consumers
A Bloomberg survey has revealed that US consumers are more optimistic than ever before in the last 15 years. 36 percent of respondents said the US economy is going in...
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Magazine: Piquant flavours on the Easter table
Christmas, Easter and the summer barbecue season are the three most important periods in wet condiment (mayonnaise, mustard, ketchup, horseradish, etc.) sales. Amarillisz Vlahosz, junior brand manager of Unilever Hungary...
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Bull’s Blood and the Tisza fish soup became Hungariukums
The Hungarikum Committee raised the Bull’s Blood, the Kodaly method, the Hungarian shepherd and hound breeds, as well as the Tisza fish soup into the row of Hungarikums; The Hungarian...
Read moreGermans like Hungarian wines
Germans like Hungarian wines. Germany is a major outlet for the Hungarian wine producers – according to Czerván György Minister of State of the Ministry of Agriculture (FM). The Ministry...
Read morePénzügykutató: GDP will expand above 4 percent this year
The gross domestic product (GDP) growth rate this year may rise above 4 percent, due to the fact that investments will jump on low base. According to the latest forecast...
Read moreK&H: subdued corporate demand for credit
According to the K&H Bank, credit demand is subdued, despite the low interest rate environment, and a growing deposit base characterizes the corporate sector. The demand for loans primarily boosts...
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The agricultural chamber helps with qualified tender writers
The Consulting Network of the National Association of Agricultural Economics (NAK) provides assistance to about 400 thousand members in the selection of proposals, preparation, AND implementation. According to the information...
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Melania Trump’s hometown is selling new products under the First Lady brand name
Melania Trump’s hometown (Sevnica in Slovenia), is honoring their famous former resident with a line of exclusive “First Lady” products including chocolates, beauty creams, salami and red wines. The products...
Read moreSpring sowing has begun
Most of the autumn sowings are in favorable conditions in Zala county. The farmers have begun to sown spring cereals, and if warming continues further, the sowing of sunflower and...
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Superfast internet is available in almost quarter of a million households
About 230 thousand households has access to superfast internet thanks to the self-financed investments of the service providers. The development of the network will be started in all parts of...
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Positive cattle and beef trade balance
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s live cattle export grew by 11 percent in the January-October 2016 period....
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Magazine: Who is going to work?
One of the biggest challenges in Europe is to have more people working. At a professional forum organised by the National Trade Association (OKSZ) at the Budapest Chamber of Commerce...
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Few chemicals used in small crop categories
Farmers growing crops on a smaller area of land are having problems with protecting their plants, because in small crop categories very often there aren’t authorised pesticides. NAK started cooperating...
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The Hungarian Quality Product Award is celebrating its twentieth anniversary
The 20th Hungarian Quality Product Award was published in 46 major categories. The Hungarian Quality Product Award has become Hungary’s most prestigious rating system, proving that quality is also able...
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