Market News
SuperShop loyalty programme rewarded with international award
SuperShop, the joint loyalty programme of SPAR and OMV, won the Global Award for Brand Excellence – Best Loyalty Program Award. Those companies can win the prestigious prize which offer...
Read moreNearly five million tonnes of wheat is expected
Based on preliminary estimates good results can be expected this year: from winter wheat 5 tonnes per hectare yield is expected – the Minister of State of the Ministry of...
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Two hundred thousand more children in need can get free lunches during the summer
Up to 208 thousand children can get lunch on weekdays during the summer holiday after the government made it mandatory for local authorities – the Minister of State of the...
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The 2016 Quality Innovation contest was announced
The European Organization for Quality’s (EOQ) Hungarian National Committee Association announced the 2016 international Quality Innovation competition in recognition of quality products and services and customer-oriented quality development – the...
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Philadelphia imposes a tax on soft drinks
Philadelphia became the first large American city to impose a tax on soft drinks in what could be a tipping point in the long-running war between health advocates and the...
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Difficult year for livestock farmers
Livestock farmers are ahead of a difficult year – the representatives of the chambers of agriculture from the Visegrád Four (V4) countries concluded at their meeting in Czajowice (Poland). These...
Read morePopular Hungarian strawberry
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that on the 17th week of 2016 fewer types of Hungarian-grown apples were available...
Read moreHailstorm damage compensation: new deadline
The Ministry of Agriculture originally set the 31 March 2016 deadline for applying for compensation in the Agricultural Széchenyi Card scheme. However, the ministry has given a new deadline, 30...
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A comprehensive dairy sector strategy may help
In the European-level milk crisis government help alone isn’t enough: market players need to cooperate in the medium and long term if they want to solve the problems – participants...
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Agriculture’s performance can be improved by one third
With the maximum utilisation of European Union and government subsidies, agriculture’s performance can be improved by 30 percent. Last year the value of the sector’s output reached HUF 2,400 billion...
Read moreThe stores during the European Football Championship can expect increasing traffic
The stores during the European Football Championship can expect increasing traffic, not only from fan products, but also from beer and snacks considerably more are bought this time compared to...
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Nielsen: Nearly half of the Hungarians are happy to hunt for good promotions in stores
Excitement is part of the joy of shopping caused by the hunting for discount promotions. Nearly half of the Hungarian consumers (48%) is pleased to dedicate the time to get...
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MNB: card payments continued to increase in the first quarter
The expansion of electronic payments continued to increase in this year's first quarter in Hungary, mainly the increase in payment card turnover was significant – according to the summary of...
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Nébih: more than 39 tons of pickles were withdrawn from circulation
The specialists of the National Food Chain Safety Office (Nébih) withdrew more than 39 tons of pickles from circulation, after revealed several food safety deficiencies at a pickle production plant...
Read moreChinese are buying up Italian agricultural firms
It seems that China is serious about its economic conquest. The Chinese are buying up Italian agricultural companies – agrarszektor.hu wrote. Recently it appeared on the news that the Italian...
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A bigger monster
Monster Corporation, the manufacturer of Monster soft drinks increased sales by 8.5 percent to USD 680.2 million in the 1st quarter of 2016. In the summer Coca-Cola acquired a 17-percent...
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Magazine: Private labels have the advantage
About 30 percent of European grocery retail is realised by private label products – reported EuroCommerce and the European Retail Round Table. EuroCommerce director Christian Verschueren told: decision-makers shouldn’t look...
Read more100 plus 20 billion HUF to the agricultural medium-sized enterprises
The Prime Minister’s Office allocated twenty billion HUF to support the agricultural medium-sized enterprises in the Rural Development Programme (VP) – agrarszektor.hu wrote. The supports can be used on food...
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Italian restaurant chosen to be the best in the world
Osteria Francescana in Modena, Italy, has been picked as the best restaurant in the world at the World’s 50 Best Restaurants ceremony in New York. The first ever Italian restaurant...
Read moreDouble differences in food prices in EU countries
Last year, more than twice differences were measured in average food prices in the European Union. Foods and drinks were the cheapest in Poland, while the most expensive in Denmark...
Read moreThe slaughterhouse in Mohács can be launched during the autumn
The Bonafarm Group, owned by Csányi Sándor Chairman-CEO of OTP plans to slaughter 1 million pigs a year, from next year. It is a very ambitious vision in a country...
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Nébih: 22 foreign UHT milks were withdrawn from the market
22 foreign UHT milks out of the examined 48 UHT milks including Slovak, Czech, Polish products should be withdrawn from the market, because of their fat content was lower than...
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The Hungarian Association of Chocolate and Confectionery has been established
The Hungarian Association of Chocolate and Confectionery (Csésze) has been established – Rebrus Csaba, the president of the new organization told MTI. According to the information, the most important objectives...
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The Polish government adopted a draft law on special tax on retail
On Tuesday, the Polish government adopted a bill on the special retail tax. The special retail tax was previously presented by the Polish Finance Minister in the parliament. It will...
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Women executives increase company value
Skema Business School have published the results of a 10-year-long study. They had examined the stock exchange data of 40 companies in France. It turned out that the 15 firms...
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Magazine: Good opportunities in Azerbaijan
Azerbaijan’s economy has been developing dynamically in the last few years and it offers excellent opportunities for Hungarian products. Azerbaijan has already shown great interest in buying Hungarian industrial and...
Read moreThe turnover of department stores increased since the introduction of the Sunday opening hours
Both the turnover and the number of employees increased in several retail chains since the governing parties allowed Sunday opening hours – portfolio.hu wrote after Magyar Nemzet. Detailed datas were...
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Food TV ads reached the most viewers in May
Within the sectors, the TV ads of foods reached the most viewers among the 18-49 year-old viewers in May this year, just like in May 2015. Most recently, the Nielsen...
Read moreThe European Football Championship boosts the food and beverage industry
The Hungarian beer consumption is expected to grow, while the shrinkage of the beer market is likely to temporarily stop in Austria – according to the sectoral analysis of Atradius...
Read moreHungary can transport live cattle to Turkey again
Hungary can transport live cattle to Turkey again – the Ministry of Agriculture (FM) told MTI on Tuesday. According to the ministry’s statement Bognár Lajos Chief veterinarian carried out bilateral...
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