Market News
Nébih occupied pesticides sold without permission
In November, the specialists of the National Food Chain Safety Office (Nébih) tested online pesticide sellers. During the action, the authority seized unlicensed products in a value of nearly 200...
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Fourfold increase in the amount of household machinery replacement
The Ministry of National Development (NFM) will raise the subsidy amount of the household machinery replacement from 600 million HUF to 2.6 billion, so every successful applicant will receive the...
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Fragrance experiences in portions
The fabric softener market continues to grow in Hungary: in the last 12 months value sales augmented by 5.5 percent and volume sales jumped 7.2 percent. Nearly 40 million litres of...
Read moreAnalysts: retail sales may continue to increase
MTI analysts expect further growth in retail sales based on the latest data of the Central Statistical Office (KSH). According to the communication of the Central Statistical Office (KSH) published...
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Here is the new Hungarian champagne that will not be sold during the holidays
A new premium quality Hungarian champagne brand arrived on the domestic market, which is not consciously sold during the most popular time of the beverage, from mid December to early...
Read moreNébih calls attention to the import ban on meat
The National Food Chain Safety Office (Nébih) again calls attention to the ban on imports of meat products after African swine fever (ASP) virus was detected in pig meat sample...
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Agro-research cooperation between Ghana and Hungary
With the Hungarian agricultural research results agriculture in Ghana can be developed – the National Agrarian Research and Innovation Center (NAIK) told MTI on Wednesday, after an agricultural research and...
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The retail sales of the euro area declined in October
Compared to the previous month, retail sales in the euro area declined with the largest extent of the past four years in October – the European Union’s statistical office Eurostat...
Read moreCarpathian Basin village economist program to be started
The government has adopted the Carpathian Basin village economist program, which will increase the number of village economists in the Carpathian Basin from 41 to 100, the Minister of Agriculture...
Read moreRetail sales grew by 6.3 percent in October
In October, the volume of retail sales grew by 6.3 percent, according to the raw and calendar-affected data, according to the first estimate of the Central Statistical Office (KSH) published...
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The turnover of the domestic sweets market is around 180 billion forints annually
The turnover of the domestic sweets market is about 180 billion HUF annually – the Association of Hungarian Candy Manufacturers told MTI. Sánta Sándor, president of the Hungarian Confectionery Manufacturers...
Read moreThe world’s coffee exports broke record
In the 2016/17 season, world coffee exports broke record, and stocks have risen to 8-year high in the importing countries, according to the ICO (International Coffee Organization). Global coffee exports...
Read moreKSH: Third-quarter GDP data rose to 3.9 percent
Referring primarily to the better-than-expected performance of market services, the Central Statistical Office (KSH) raised its third quarter growth data of the gross domestic product by 0.3 percentage points to...
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Hungarian businesses signed a deal worth more than 220 million HUF after the Agrosalon trade show in Nitra
More than 220 million HUF worth of deals have been made by Hungarian companies at one of the most prominent agricultural and agro-industry exhibitions of Slovakia at the Agrosalon in...
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European Commission: the Makó Parsley Root also receives a protected geographical indication
The European Union has approved that the Makó parsley root should also be protected as a protected geographical indication (ofj) – the European Commission said on Tuesday. The Geographical Indication...
Read moreThe pace of increase in consumer prices has slowed down in the OECD countries
Due to a more moderate increase in energy and food prices, the pace of increase in consumer prices has slowed down in the member states of the Organization for Economic...
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Magazine: A new era in everyday shopping
Data measured by Nielsen reveals that the Hungarian consumer confidence index has never been this high since 2009, there is a record-low unemployment level and the GDP has increased. Sales...
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GKI: Foundations of economic growth should be established now
Trends in the Hungarian economy of the first half of the year have continued in the past few months. Although the 3.8 per cent GDP growth in the third quarter...
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Most of the Hungarian families are over-spending at Christmas
Nearly 40 percent of Hungarians feel they spend more on Christmas gifts than they could do, but they typically do not finance them from loans – according to Intrum Justitia’s...
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Trade Association: the Black Friday action does not affect the December gift purchase badly
Many people anticipated the end of the year purchase during the Black Friday in November,but this will not make December spendings lower – Vámos György, Secretary-General of the National Trade...
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FM: winter seasonal food chain control lasts until the end of the year
The nationwide winter seasonal food chain control takes place from 1 December to the end of the year – Zsigó Róbert, Minister of State of the Ministry of Agriculture (FM)...
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German Chamber: a rise in Hungarian wages is expected next year
According to international companies operating in Hungary, in 2018, Hungarian wages are expected to rise further, because wage continues to be a determining factor in the competition for skilled labor...
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MNB: The financial situation of households and companies improved in October
In October, households repayed more loans than they incurred and increased their deposits by a significant amount, and companies received less credit for the third month than savings were placed...
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Almost a thousand products from about two hundred producers bear the National Park Product trademark
Nearly a thousand products of about two hundred producers bear the National Park Product trademark, which was launched by the government in 2011 to acknowledge local products – was said...
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Horticulture can calculate with a 90-billion-forint funding
From the HUF 1,300-billion rural development budget HUF 90 billion will be granted to horticulture enterprises. The money can be invested in building greenhouses and cold storage facilities or in buying...
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Frozen desserts from Nádudvari
Nádudvari Food Kft. has started selling a frozen dessert product line, called ‘Nádudvari Dumplings’. The dessert is available in six flavours: cottage cheese dumplings, plum-filled and cottage cheese-filled dumplings, hazelnut cream-filled dumplings,...
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Supertruck turns roads into information highways
One of the biggest stars at the Bosch Mobility Experience 2017 event was the 40-ton smart truck VisionX. The trucks of the future will have online connection, will be powered by...
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Nielsen chart of the month
Sales of the following food and drug categories produced the biggest like-for-like growth (in value) in Hungarian retail between October 2016 and September 2017. //...
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Value-based segmentation and data enrichment
The 18-49 age group is the most frequently used brand communication target group. However, this target group definition lacks features and characteristics that can help in forming a more precise...
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Nielsen: in the holiday season people clink glasses
Spirit sales traditionally soar in December, for instance in November-December 2016 volume sales increased by 35 percent from the level in September-October 2016; in the same period value sales jumped...
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