Market News
KSH: earnings grew by 12.8 percent in October
In October, gross average earnings were 295,800 forints, 12.8 percent more than a year before – the Central Statistical Office (KSH) reported on Wednesday. The average net earnings without family...
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“Catch it” flashmob at St. Stephen’s Basilica
The Agrármarketing Centrum and the Ministry of Agriculture popularized the fish consumption with fishy delicacies and with a real curiosity, the flashmob of the Kodály Zoltán Art School at the...
Read moreThe anti-counterfeiting panel warns of the dangers of buying counterfeit products
In the last week of the Christmas shopping season, the appearance of counterfeit and uncontrolled sources is particularly risky, so it is worth to buy cautiously – the National Anti-Counterfeiting...
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More than 3.2 tonnes of meat products were withdrawn from the market by Nébih at a market in Budapest
The destruction of more than 3.2 tonnes of expired, unmarked, moldy, heavily polluted and irregularly produced meat products were ordered by the National Food Chain Safety Office (Nébih) in the...
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Orbán: We will not be anybody’s forecourt
Hungary will not be the forecourt of any other country – said Prime Minister Orbán Viktor, referring to the importance of keeping the land in Hungarian ownership at the delegate...
Read moreSzázadvég: the increase in wages explains the increase in retail turnover
October’s retail trade shows a significant increase, which can be explained by the increase in wages – Regős Gábor, economist of the Századvég Economic Researcher told M1 news channel on...
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Fazekas: 2.6 billion HUF can be used to improve the conditions of fish processing
2.6 billion HUF can be spent to improve the conditions of fish processing from the about 15 billion HUF, resources of the Hungarian Fisheries Operational Program (MAHOP) – the Minister...
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Next year will bring changes in the environmental protection product fee rules
As of 1 January 2018 the act on the environmental protection product fee will be amended again. An analysis by MAZARS has revealed that the new changes are primarily entailed by...
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Ericsson: technology will bear a human face in 2018
Consumers expect technology interactions to be controlled by intonation, facial expression and body language facilitating to track the changes of accelerating technology and will able to manage new devices –...
Read moreKSH: retail sales grew by 6.3 percent in October
In October, retail sales grew by 6.3 percent, compared to the same period of the previous year, according to both the raw and the calendar-adjusted data – the Central Statistical...
Read moreThe food industry may grow continuously by up to 4 percent
According to Atradius’ industry analysis, the food industry’s performance in the next five years may increase by 3-4 percent annually. The sector continues to be one of the most important...
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NFM: the Consumer Protection Authority tested light chains and fondants
The Consumer Protection Authority tested light chains and fondants. Among the tested light chains 25 did not meet the requirements, while in case of fondants problems occured in only one...
Read moreThere is an enormous interest towards the Honey Report
There is an enormous interest in the European Parliament (EP) towards the Honey Report on the situation of the honey sector, Erdős Norbert MEP (Fidesz), the the rapporteur for the...
Read moreThe domestic SME sector is before a huge growth, but not the way we would expect it
It is expected that the conditions for SME classification will change from 2020, which will result in an increase in the number of Hungarian SMEs. With the change of legislation,...
Read moreGKI’s Business Index on its new historical peak
In December, the GKI’s economic growth index reached its new historic peak. According to a survey conducted by GKI (www.gki.hu), with the support of the EU, business expectation has never...
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Winter set offers are popular
Body care product sales are growing year after year, as the economic situation is improving and product manufacturers keep coming out with new innovations. Besides the price-value ratio, buying decisions are...
Read moreThe GVH terminated the pesticide market cartel procedure
The Office of the Hungarian Competition Authority did not establish a concerted approach by examining the activities of the operators of the pesticide market, so the procedure will not continue,...
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(HU) Ételkülönlegesség az AMC baromfihús kampányban
Sorry, this entry is only available in HU....
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KSH: the rise in agricultural producer prices continued in October
In October, the prices of plant products increased by 8.0 percent and the prices of live animals and animal products increased by 6.2 percent. As a result, agricultural producer prices...
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A new trademark guarantees the quality of Hungarian fish
The Ministry of Agriculture (FM) and the Hungarian Aquaculture and Fisheries Intermediary Organization introduced a new trademark to guarantee the quality of the Hungarian fish – Fazekas Sándor, Minister of...
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Agrarian Marketing Center: Egg is the miracle itself!
Egg is the miracle itself! With this slogan, the Agrármarketing Centrum and its professional partner, the Poultry Product Council, promote good quality, healthy poultry meat and egg values through the...
Read moreThe Takarékbank expects economic growth above 4 percent next year
Thanks to a favorable external environment and a boom in domestic investment, the economic growth may continue to accelerate. Takarékbank’s analysts expect a 4 percent growth in GDP for 2017...
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40 percent of the annual fish consumption occurs during the holidays
In Hungary, fish consumption is steadily increasing. About 40 percent of the trade volume continues to be realized in the Christmas season – according to Auchan’s experience. Every year, buyers...
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Nearly 1.5 billion HUF export success in the African region
Small and medium-sized enterprises (SMEs) with high quality and competitive product portfolios in international markets have found new markets in the African continent. The goods and services covering a broad...
Read moreThe EU has adopted a measure to prevent the smuggling of tobacco products
The European Commission has decided to set up a new EU Product Tracking System from 2019 to ensure that tobacco products can easily be traced across the EU with the...
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Nielsen: consumer confidence is on ten-year peak
The confidence index of Hungarian consumers in the third quarter of 2017 broke records again. It has become 76 points, 5 points more than the pre-crisis peak value of 71-points....
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CIB: the population will spend 8 percent more this Christmas than in last year
Compared to last year, the Hungarian population will spend about 8 percent more, on average 42 900 HUF for Christmas and three quarters of them will cover the costs of...
Read moreThis year, Kopint-Tárki is expecting a 3.9 percent increase next year, 4 percent
The Kopint-Tárki Prosperity Research Institute has not changed its main forecasts, this year GDP will continue to grow by 3.9 percent and 4 percent next year, while the inflation is...
Read moreEU court: there is no justification for the European Commission’s support withdrawal for Hungarian farmers
In its decision on Thursday, the Court of Justice of the European Union partially annulled the European Commission’s decision to reduce the amount of the support of the Hungarian farmers....
Read moreMore than 10 tons of inadequate quality honey were found by Nébih’s specialists
In two tests, more than 10 tonnes of inadequate honey were found by the experts of the National Food Chain Safety Office (Nébih) – the authority told MTI on Thursday....
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