Market News

NGM: retail continues to grow for 37 months

Retail are continuously growing for more than three years. The annual voulme of retail trade increased by 4.9 percent compared to last year's January-July period – the Deputy Minister of...

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Depressed prices on the honey market

Less than average honey was produced this year, but the purchase price is still low. The Hungarian beekeepers are selling the honey on depressed prices and want EU action against...

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The state provides support to the connecting of the food and beverage vending machines into the online system

According to the Economy Ministry's decision state aid will be guaranteed to the connecting of the the food and beverage vending machines into the online system – Varga Mihály, Minister...

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The proportion of lactose-free products is increasing

The growing sales shows that buyers today are not only choose organic foods because of health considerations – Magyar Nemzet Online wrote. Although, more and more Hungarian suppliers can be...

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The performance of consumer markets in the EU continued to improve

The performance of consumer markets in the European Union continued to improve, however, there are still serious differences between the individual Member States – according to the European Commission’s report...

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Hungary and Romania to coordinate agricultural diplomacy

Hungary and Romania will coordinate their agricultural diplomacy efforts in the planning and shaping of the EU’s agricultural policy (CAP) – Fazekas Sándor, Minister of Agriculture and Achim Irimescu Romanian...

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India and China may also introduce VAT

The Value Added Tax (VAT) originally comes from France. India introduces the VAT next year, while China is switching to the new system these days – Magyar Nemzet Online wrote....

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Retail sales increased by 1.6 percent in the Czech Republic in July

In July, retail sales increased by 1.6 percent on an annual basis in the Czech Republic – the Czech Statistical Office announced on Monday in Prague. Compared to the 6.3...

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Scientists may found the substitute for cocoa beans

Those who are addicted to chocolate will be happy; scientists may have found a way to solve a potential impending shortage of cocoa – privatbankar.hu wrote. Scientists may have found...

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Investor sentiment improved in the euro area

The improved sentiment index of September reflecting the finish of the Brexit-effect – according to the Sentix investor survey. In September, the investor sentiment index of the Sentix economic research...

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Art for shopping

Several works of art from the Louvre-Lens museum of fine arts have been exhibited in the Auchan hypermarket of Noyelles-Godault in France. The store manager hopes that the 60m² exhibition...

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Greek chain about to go bankrupt

Marinopoulos Group, the company that operates Greece’s biggest supermarket chain, has temporarily been granted protection from its creditors by the Athens court. Marinopoulos Group supposedly owes EUR 500-700 million to...

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This year's vintage will be good

This year's vintage will be quantitatively mixed, but will have a good quality – these are the first experiences of this year's harvest – according to the growers and winemakers'...

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The government would whiten the drink and snack vending machines market

The government would whiten the drink and snack vending machines market from the illegal market participants. The technical details of this regulation were published in Friday's issue of the Hungarian...

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KSH: The revised data show an even larger trade surplus in 2015

In 2015, exports reached 79 million euros, while imports were 556 million euros less than the known 90.539 and 82.421 billion euros. Last year's trade surplus is 477 million euros...

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FM: the School Fruit and Vegetable Program continues

The School Fruit and Vegetable Program continues this year to provide healthy fresh fruits and vegetables to the schoolchildren in the school year – the Minister of Agriculture told M1...

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The private sector improves the employment

According to the senior analyst of the K&H Bank mainly the private sector improves the employment data, but further improvement will be slowed by the fact that it increasingly difficult...

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A new public catering institution was handed over in Tahitótfalu

A kitchen-dining complex suitable for the production of six hundred portions of food began operations with two hundred seats in Tahitótfalu, Pest County; the greenfield project is the largest own-funded...

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Drugstores’ share in sales increases further

Toothpaste: last year toothpaste was sold in a value of more than HUF 13 billion. Like-for-like value sales were up 3 percent but volume sales dropped 1 percent. Drugstores’ share...

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The online sector accelerates

The domestic online retail continues to grow steadily. The market closed the first half of this year with a 18 percent increase. According to joint Online Retail Index survey of...

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Madosz president: good tobacco crop is expected this year

Slightly better quality tobacco crop is expected this season compared to the previous years – the President of the Hungarian National Association of Tobacco Growers (MADOSZ) told MTI on Thursday....

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NFM: “the school learning consumer awareness” application has been launched

The application for “the school learning consumer awareness” has been launched – Keszthelyi Nikoletta, Deputy Minister of State of the Ministry of National Development (NFM) told M1 news channel on...

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KSH: trade surplus is above one billion euros in June

In June, the reported export value in euros increased by 4.9 percent while the value of imports increased by 1.8 percent, compared with a year before. The trade balance surplus...

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Coface: Hungarian companies achieved the highest growth among the regional companies

The Central and Eastern European region's five hundred largest companies last year generated revenues of 593 billion EUROS, which is a 4.2 percent increase in an annual comparison. According to...

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FM: the hail response system is expanding to nationwide

The government will extend the already successfully operating hail response system in several counties to the area of the entire country – the Ministry of Agriculture told MTI on Thursday....

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The Nébih closed an illegal grocery store

The National Food Chain Safety Office (NÉBIH) closed an illegal grocery store during its last control – the authority told MTI on Thursday. According to the information of the National...

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Close to 170 million HUF worth smuggled cigarettes were found in a truck

The finance guards found nearly 170 million HUF worth smuggled cigarettes in a truck that was seized as well as the tobacco products. The driver with Hungarian-Ukrainian citizenship was questioned...

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K&H Bank: SME loans increased by 8 percent

K&H Bank's small and medium enterprise (SME) business branch increased by 8 percent in this year's first five months – Rajna Gábor, director of K&H responsible for bank sales networks...

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Magazine: Protect your mouth!

In oral care it is very important to use products that contain natural ingredients and do no harm to the teeth and the oral mucosa. Dr. Theiss has found a...

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Dairy Product Board: turning point in the dairy sector

Trend turning point occured in the dairy sector in recent times. The declining trend of prices has stopped and a price increase started in the market – the chairman of...

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