Market News
GKI: the economy is slowing down
The growth figures in the beginning of the year indicate a slowdown in the Hungarian economy. GKI’s GDP forecast remained unchanged: after the 3.7 percent growth of 2014 and last...
Read moreKSH: e-commerce is expanding constantly
Mail orders and Internet purchases reached the 2.5 percent of last year’s total domestic retail market turnover. The sales revenue was 229 billion HUF; Since 2010, the sales volume increased...
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Chamber of Agriculture: accurate data on the frost damages will be available at the end of May
Accurate data on the frost damages and on the fruit and vegetable crop failure rate will be available at the end of May – the leader of the Horticultural Department...
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The Carolina Reaper is the world's most powerful pepper
A new hybrid variety of pepper called Carolina Reaper, reavhed the astonishing high 2.2 million units on the Scoville scale. A South Carolina farmer, Ed Currie produces the Carolina Reaper...
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Nearly 17 million HUF was gathered to alleviate children hunger
As the result of the academic charity collection nearly, 17 million HUF was gathered to alleviate children hunger – Lovász László President of the Hungarian Academy of Sciences (MTA) said...
Read moreConsumer sentiment deteriorated in the world's largest economy
Consumer sentiment deteriorated slightly in the United States in April, according to final data of regular monthly survey released on Friday by the University of Michigan. The University of Michigan's...
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New development programme from this summer
Magosz president István Jakab and Hungarian Chamber of Agriculture (NAK) president Balázs Győrffy held a joint press conference. The former spoke about how they strengthened the 700-member village farmer network...
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Magazine: Sense or sensibility: rational thinking or emotions? (Part 2)
Trade Marketing Club and POPAI organised their annual ‘I love trade marketing’ conference on 18 February. This time the one-day conference was focusing on the role of emotions in the...
Read moreOKSZ: the hundred percent bonus payment for Sundays would undermine many businesses
According to the National Retail Federation (OKSZ), the hundred percent bonus payment for Sundays would make Sunday opening hours for many businesses impossible, and would force many people to carve...
Read moreKSH: Hungary's economic performance is in the midfield in the EU
The performance growth of the Hungarian economy continued in 2015. The gross domestic product (GDP) grew by 2.9 percent in 2015, compared to a year before. With this economic output...
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26 billion HUF was earmarked to the producer organizations
In the 2014-2020 Rural Development Programme 26 billion HUF was earmarked to support the producer groups and organizations – Kis Miklós Zsolt, Minister of State of the Prime Minister's Office...
Read moreThe European Commission terminated the infringement proceedings in the case of excise duty on pálinka
The European Commission terminated the infringement proceeding that was launched in the case of excise duty on pálinka – the press service of the EU commission announced on Thursday. According...
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Soy Boom: a growing demand for the domestic GMO-free protein crop
The soy crop season begins at the end of April. Soy has sown to a 50 percent larger area, ie 77 thousand hectares last year in Hungary. One of the...
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Food, alcoholic beverages and tobacco prices increased in the euro area
After stagnating in April, consumer prices in the euro zone fell in March – Eurostat announced on Friday. According to the flash estimate of the European Union's statistical office, the...
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Agricultural Chamber: report the frost damages as soon as possible
Frost damages must be reported within 15 days from the date of the observation of the frost in order to achieve compensation – Győrffy Balázs, president of the National Agricultural...
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Economic growth is accelerating in Europe
This year’s first quarter growth rate was higher than in the previous quarter both in the European Union and in the Euro Zone – the European Union's statistical office, the...
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Garfield returns with animal records
Garfield returns with another sticker album: this time SPAR presents records from the world of animals. Stickers with the images of the smartest, fastest, most dangerous, etc. animals can be...
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Magazine: Yogurt: you can eat it or you can drink it
Last year sales increased in the yogurt category, with sales improving in all segments. Beáta Várkonyi, external corporate relations director of Danone Hungary told us that they are trying to...
Read moreDomestic retail sales growth beats EU average
The volume of retail sales grew by 6.6 percent and 4.4 percent, respectively, in February 2016 and in the initial two months of the year. Thus, an upward sales trend...
Read moreThe KSH is preparing for another agro-economic structural census
The Central Statistical Office (KSH) is preparing for another agro-economic structural census called “Agrárium 2016” between 15 May and 15 July this year. The census aim to track the changes...
Read moreKSH: employment increased further
The number of employees increased further in the first quarter and 145 thousand more peple are working than a year before – the Central Statistical Office (KSH) announced on Thursday....
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Hungary sent the second highest proportion of alerts about dangerous products into the EU’s system
Hungary sent 238 alerts, due to dangerous or unidentified products into the European Union's rapid alert system (RAPEX) last year, just one less than Spain on the first place. 195...
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Direct Supports Manual has been published
The National Agricultural Economics Chamber supports the work of its members with a handbook again. The publication aims to help the farmers to familiarize with the direct supports that were...
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Czerván György: the frost damages to be mitigated from the 24 billion HUF of the compensation fund
24 billion HUF can be found in this year’s compensation fund – Czerván György, Minister of State of the Ministry of Agriculture told M1 news channel on Thursday. The farmers...
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The Free Trade Agreement may potentially jeopardize European agriculture
The Transatlantic Trade and Investment Partnership (TTIP) can have a major impact on farming and food production in the European Union – the Friends of the Earth Europe and the...
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The Nébih suspended the operation of a tofu plant in Budapest
The National Food Chain Safety Office (Nébih) suspended the operation of a tofu plant in Budapest, due to hygiene and traceability problems. Due to hygiene and traceability problems nearly 600...
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The first months of 2016 produced an unexpected sales growth for retailers in Brazil
The first months of 2016 produced an unexpected sales growth for retailers in Brazil. Sales were up 1.2 percent in February – the biggest growth since July 2013. There has...
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Magazine: The barbecue season is about to start – there are unanswered questions, though
Although sales are growing in the grill product market year after year, major manufacturers are missing from the Hungarian market, while others have decided to narrow the selection of products...
Read moreGfK: a boom may come in domestic retail
The annual conference of the Hungarian Association of Shopping Centers (MBSZ) was held on 25-26 April 2016. The 170 representatives of the domestic retail analyzed the developments of the past...
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The dairy market balance must be restored
The market needs to find a balance between supply and demand, which will require radical ruthless measures – Agroinform.hu wrote. According to the German Wochenblatt für Landwirtschaft und Landleben, urgent...
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