Market News
Improved business and consumer confidence
Date: 2016-07-26 11:39:45
The business activity index of GKI improved in July. According to the survey, both business and consumer expectations have improved, but are still slightly below the high level at the...
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The NAV found forty million HUF worth contraband cigarettes in Szabolcs County
Date: 2016-07-26 11:12:46
The staff National Tax and Customs Office (NAV) found forty million HUF worth contraband cigarettes in a property in Szabolcs-Szatmár Bereg County. Suller György Attila the press officer of the...
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CNG filling station network can be built in Hungary
Date: 2016-07-26 11:07:36
In the next two years, 39 new CNG (compressed natural gas) filling stations can be built in Hungary. The Hungarian Gas Transport Cluster Association (MGKKE) told that 39 new CNG...
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Consumer confidence decreased in the USA
Date: 2016-07-26 11:05:03
Conference Board economic research institute’s consumer confidence index fell slightly in July, but became better than expected. In July, the consumer confidence index fell to 97.3 points, from June’s 97.4...
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German economy continues to perform well
Date: 2016-07-26 11:03:17
Markit Economics Institute’s German Purchasing Managers' Index (PMI) for July became better than expected. It has risen up to this year’s highest value in July. The preliminary value of the...
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Zwack satisfied with results
Date: 2016-07-26 09:42:22
Despite the introduction of the public health product tax (NETA) in the spirits market last year, 225-year-old Zwack Unicum Nyrt. had a successful year – stated a press release by...
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KSH: retail trade grew 6.8 percent in May
Date: 2016-07-25 11:58:34
In May, the volume of retail turnover – according to the raw data – increased by 6.8 percent. According to the calendar effects adjusted data the increase was 5.7 percent,...
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Last year, consumers spent one in four HUF on own branded products
Date: 2016-07-25 11:53:23
According to the latest data of GfK’s annual Brand Analysis, last year the market share of own branded products of the commercial chains increased slightly after five years of stagnation....
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NGM: retail sales increase since nearly three years
Date: 2016-07-25 11:50:36
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages,...
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Less melons may be imported this year
Date: 2016-07-25 11:48:00
After the previous years, this year's market was more favorable to producers, but the fruit will be more expensive than last year – Népszabadság Online wrote. Oravecz Tamás, president of...
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The farmers need to prepare to convert the support system
Date: 2016-07-25 11:21:55
One of the biggest challenges in the coming years is to help farmers to prepare for the significant transition of the support scheme after 2020. One of the most important...
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GE: the majority of Hungarian companies can not adapt to the speed of technological progress
Date: 2016-07-25 11:20:25
According to 80 percent of the interviewed executives in Hungary in charge of innovation – (81 percent worldwide) industrial digital technologies in the next 10 years will radically transform the...
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The ekáer filters more efficiently from 1 August
Date: 2016-07-25 11:20:09
The electronic road freight traffic control system (ekáer) will filter more efficiently from 1 August. After the National Assembly had refined the rules of the system, on the basis of...
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FAO: cattle disease spreads fast
Date: 2016-07-25 11:17:26
The lumpy skin disease among cattle is spreading very fast. The disease in recent weeks has reached Serbia, Albania and Montenegro, and can even appear in Hungary – the UN...
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Consumer prices down 0.2 percent in May
Date: 2016-07-25 10:41:06
In May like-for-like consumer prices dropped 0.2 percent according to the Central Statistical Office (KSH). In comparison with May 2015, food prices didn’t change. Sugar prices soared by 19.7 percent...
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Non-FMCG category, SILVER MEDAL: HD Group, Budapest Airport Budapest Airport – Close to your heart – promotional competition
Date: 2016-07-25 10:38:03
Budapest Airport and HD Group implemented this Valentine’s Day activity on 9-15 February 2015. The campaign’s objective was to improve Budapest Airport’s passenger-friendly image, to increase sales of shops in...
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FM: 300 million HUF additional national support to the fruit and vegetable producer organizations
Date: 2016-07-22 11:50:51
The fruit and vegetable producer organizations can claim for additional national support on a value of three hundred million HUF in Central Hungary, the Great Plains, the Northern region and...
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NGM: an increase in retail sales confirms the spending of income
Date: 2016-07-22 11:40:13
The increasing retail sales justify increasing household spendings – Simon Attila, Deputy Minister of State of the Ministry of National Economy (NGM) responsible for labor market told M1 news channel...
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Food is the most expensive in Slovakia among the Visegrád countries
Date: 2016-07-22 11:30:19
Among the Visegrad Group (Hungary, Slovakia, the Czech Republic and Poland) the highest food prices can be found in Slovakia, although they still remain under the European Union (EU) average,...
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KAVOSZ: the frost-affected farmers can also receive full support
Date: 2016-07-22 11:22:40
After the farmers who suffered ice damage, those agricultural enterprises suffered frost-damages can also benefit from the full support under the Agricultural Széchenyi Card (ASZK) scheme – the KAVOSZ Zrt....
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More winter wheat grown this year in Zala county
Date: 2016-07-22 11:20:20
More winter wheat was grown this year in Zala county: Winter wheat was grown on 12 thousand hectares. The average yield was 5.9 tons, compared to last year’s 5.2 tons...
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Most of the Hungarian have never met with black market cigarettes
Date: 2016-07-22 11:13:17
According to the majority of Hungarians the main problem of contraband cigarettes is not that the state generates less income tax, but the quality of these products are not controlled...
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If you have diabetes, then you better watch out in the shops!
Date: 2016-07-22 11:08:37
The shelves of diabetic products will disappear from the shops as well as the diabetic designation – the orange circle – will disappear from the products after July 20. The...
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A decrease in the economic performance of the euro area
Date: 2016-07-22 11:05:00
A less than expected decrease occured in the economic performance of the euro area, but the preliminary data of the Purchasing Managers Index (PMI) is standing in July on its...
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Laws amended in favour of the agri-food sector
Date: 2016-07-22 10:53:12
Recently the Hungarian parliament modified several laws in a way that the agri-food sector benefits from the changes. For instance upon the proposal of NAK and the Association of Hungarian...
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Consultation on food industry grants in Csorna
Date: 2016-07-22 10:51:21
In the summer two grant programmes will be announced which are open to medium-sized and large food industry companies as well. At the end of June NAK and the representatives...
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Dairy Product Board: the EU support saves the milk producers
Date: 2016-07-21 11:55:47
The EU support of 3 billion HUF (9.5 million euros) aid package is a significant help to the Hungarian dairy farmers – according to the Chairman of the Dairy Interprofessional...
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FM: compensation fund should be enough to treat the damages of this year
Date: 2016-07-21 11:38:18
By next March, 24 billion HUF will be available in the compensation fund, which is likely to be enough to treat this year’s damages – the Ministry of Agriculture (FM)...
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The Nébih impose fines due to marking errors detected in salad mixes
Date: 2016-07-21 11:10:14
The National Food Chain Safety Office (Nébih) tested pre-packed salad mixtures and their major components. During the examination the professionals found tagging errors in case of 10 pre-packed salad mixtures....
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Roundtable discussion at the Free University about the agriculture trade opportunities
Date: 2016-07-21 11:05:05
The improvement of foreign trade results in agriculture can be expected from the growth of highly processed products – the speakers of the roundtable discussion emphasized. The roundtable discussion was...
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