Market News
Sunflower exports expanded, wheat exports fell
The export value of agricultural and food products reached 5887 million euros, while the value of imports amounted to 3764 million euros in the first three quarters of 2016, so...
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Retail sales decreased in Europe
Retail sales in the euro zone and in the European Union decreased in November, compared to the previous month – according to Eurostat. In November 2016, retail sales in the...
Read moreThe Slovak Government plans to extend the opening hours of shops
The Slovak Government plans to extend the ban on shops’ opening hours for all public holidays – Ján Richter work, family and social affairs minister said – the Hospodárské Noviny...
Read moreRomanian retail increased further
Romanian retail sales volume increased by more than 14 percent in the first eleven months of last year, compared to the same period of 2015 the Romanian national statistical institute...
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Useful and practical promotional gifts
Absolut Gift’s experience is that companies try to spend their gift budget in a well-planned manner. They tend to choose small products in large numbers, which are easy to put...
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Hostess services market: higher expectations
High-level services and transparent operation. This is the reason why they have customers that plan for the long term and have high expectations, because they say that shoppers identify the...
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Better-than-average trends
In the first three quarters of the year 200m² and smaller shops had a 27-percent share in the retail value sales of grocery categories audited by Nielsen. However, from candy...
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Sales remain concentrated
Cream retail sales were realised in the value of HUF 7 billion in January-September 2016. Like-for-like value sales rose 3 percent and volume sales got 4 percent better. Cream sales...
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Provident: Christmas budget increased in 2016
According to the research of the Provident Pénzügyi Zrt. carried out during the holidays with the participation of 500 respondents, Christmas budget of the households increased slightly in 2016, compared...
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Changes in the structure of milk foreign trade
In Hungary, the imports of milk and dairy products increased by five percent, while revenue from exports increased by three percent in the first nine months of 2016, compared to...
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There is no New Year without salt mixes
During New Year’s Eve, the demand for salty snacks and chips increases. One of the most popular snack is the mix consist of crackers, small salted pretzels and salt sticks....
Read moreWheat sown area hardly changed
According to the EU’s statistical office, winter wheat seeds were sown on 24.2 million hectares in the European Union last year, which is the same as in 2015. According to...
Read moreUS online retail had a record-breaking holiday season
Retailers reached a record 91.7 USD billion in online sales over the holidays, which is a 11 percent increase, compared to last year. Mobile devices reached 28.4 billion USD revenues,...
Read moreVAT decreased to 19 percent in Romania
The value added tax was reduced by further one percentage point, from 20 to 19 percent in Romania from Sunday. The one percent special tax on industrial buildings and the...
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NBAC: 7.4 percent of the sales revenue is lost due to counterfeiting in the EU
7.4 percent of the sales revenue (48 billion euros) is lost every year because of counterfeiting and different forms of piracy in the European Union – the National Board Against...
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130-billion funding budget in the Rural Development Programme
Approximately HUF 130 billion worth of financial resources will be made available to businesses within the framework of the Rural Development Programme. So far 41 schemes have been started from...
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Swiss Krono’s new wood processing plant starts production
Swiss Krono Group invested HUF 30 billion in building a factory that manufactures OSB panels in Vásárosnamény. State-of-the-art production technology is used in the new factory, where more than 100...
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Changes in subsidies tied to production
The conditions of subsidies tied to production and greening are going to change next year, so that farmers will be able to comply with the rules more easily. For instance...
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State Horse and Model Farm established in Mezőhegyes
After a government decision in November, the state bought back the Mezőhegyes State Horse Farm Zrt. for HUF 2 billion (it had been privatised in 2004) and merged it with...
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Everything you wanted to know about the Christmas gift shopping
Christmas is the most beautiful time of the year. Gift-giving is an integral part of Christmas, so the MOM Park with the contribution of GfK Hungária was searching for the...
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Nielsen: 41 percent of the Hungarians believe that it is worth to by premium products
Intense and uniquely aromatic arabica coffee, leaf tea on the highest degree of tea culture, sourdough bread made with great care or capsule washing powder. For example, most of the...
Read moreGKI expects a 3 percent growth in the economy and a 5 percent in consumption next year
The Hungarian economy is essentially proceed along the path indicated in September. Due to the decline in EU subsidies, the 2 percent GDP growth of 2016 is one of the...
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FM: the quality of bakery products can be improved, due to the amendment in the Hungarian Food Codex
The regulation about the mandatory specifications of the Hungarian Food Codex was amended, which covers the regulations on bakery products as well. Thanks to the amendment higher-quality breads and bakery...
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KSH: the rise in earnings has continued
The gross average wage increased by 5.4 percent in a year and was 262.2 thousand HUF in October, while net earnings due to changes in the rules of personal income...
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Major Christmas operation in the fish plant in Hortobágy
Major Christmas operation has started in the plant of the Hortobágyi Halgazdaság Zrt.; ten tons of fish is processed every day – the CEO of the nation's largest fish farm...
Read moreGKI: labor shortage is the most acute at small companies
Mostly, firms employing fewer than 20 people are looking for manpower, they could employ about a quarter more than the existing staff number – the GKI Economic Research Co. announced...
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Twenty thousand new online cash register users in 2017
The Ministry of National Economy (MNE) estimates that from January 1, the range of online cash machine users will expand by about 20 thousand enterprises. More than half of the...
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The offerings of the Syngenta employees will be used to develop children
Syngenta has organized a Christmas fundraising action. The toys and tools bought from the offerings of the company's employees will be used in the member institution of the Jász-Nagykun-Szolnok County...
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A merchant from Újfehértó broke the lock of the authorities and re-tagged apples
A merchant from Újfehértó broke into a warehouse sealed by the authorities and re-tagged 14 tons of apples that were waiting to be destroyed – the National Tax and Customs...
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Hungarian consumer confidence at six-year record high
The confidence index of Hungarian consumers increased by 7 points from Q2 to Q3 2016 and reached 64 points – the highest level since 2010. In Europe the average of...
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