Market News

Magazine: Big tax changes

There will be great changes in tax rules as of next year. The Hungarian parliament voted with yes to Minister of National Economy Mihály Varga’s proposal to amend the tax...

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Forty billion HUF for the development of the wine industry

The Prime Minister's Office published a forty billion HUF call for proposals to support the wine industry – the Minister of State of the Prime Minister's Office announced on Tuesday...

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The Kopint-Tárki expects 2.2 percent growth for this year, and a 2.7 percent growth for next year

The Kopint-Tárki decreased its Hungarian economic growth forecasts (forecasted in April) from 2.4 per cent to 2.2 per cent, while next year’s forecast from 2.9 to 2.7 per cent –...

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The ULT does not process more tobacco in Nyíregyháza

The processing plant of the Universal Leaf Tobacco (ULT) Magyarország Zrt. in Nyíregyháza will terminate its tobacco processing activities. The processing of the Virginia and Burley tobaccos will be transferred...

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Fazekas: the Hungarian watermelon is popular abroad

The Hungarian watermelon and seedless watermelon is also popular on the export markets. Hungary mainly transports them to Germany, Poland, the Czech Republic, Slovakia and to the Nordic countries –...

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The Chamber of Agriculture launches an energy efficiency audit service

The National Chamber of Agriculture launches an energy audit service to its large corporate members. The National Chamber of Agriculture developed a service and an online system. The service is...

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The per hectare wheat yield is six and a half tonnes in Tolna County

Approaching to the half of the harvest, the per hectare winter wheat yield is six and a half tonnes in Tolna County, where winter barley and canola also have outstanding...

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Eight times more contraband cigarettes were seized in the first five months of 2016 than in the first five months of 2015

In the first five months of this year, eight times more contraband cigarettes were seized, compared to the same period of last year, according to the data of the National...

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This year's PET Cup cleansed the Tisza from forty-five thousand plastic bottles

The participants of the PET Cup gathered this record amount of plastic bottles in the Upper Tisza region. The self-built fleet of plastic bottle vessels collected this huge amount of...

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Magazine: Multifunctional expectations in hair care

In the last few years consumers started economising a little in buying cosmetic products, too. Before the economic recession they were using 2-3 different products for the same purpose, but...

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KSH: producer prices increased by 2.4 percent in May

Agricultural producer prices increased by 2.4 percent in May, compared to the same month of the previous year – the Central Statistical Office (KSH) announced on Tuesday. The price of...

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GfK: the market share of private label products has increased

Last year, after five years of stagnation, the market share of private label products of the retail chains increased by 1 percentage point to 24 percent on the fast moving...

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The sales of domestic webshops continued to grow, according to a survey

77 percent of the Hungarian web stores increased their sales last year, and only 4 percent reported a decrease in turnover – the latest survey of WebShop Experts revealed. According...

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FruitVeB: this year more watermelon will be harvested than last year

This year 235-240 thousand tons of watermelon is expected to be produced in Hungary, which is 25-30 thousand tons more than last year – the President of the Hungarian Fruit...

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Analysts: export growth may remain

Export growth may remain sustained and record levels of foreign trade surplus is expected this year – analysts told MTI on Friday. According to the first estimate of the Central...

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EU’s common agricultural policy does not favor livestock production

The Union's common agricultural policy does not favor livestock production. This means that these sectors are not eligible for EU funds, therefore the role of national subsidies aree appreciated in...

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Nébih: more than two tonnes of products were destroyed in the wholesale fruit and vegetable market in Budapest

The National Food Chain Safety Office (Nébih) carried out an inspection at the wholesale fruit and vegetable market in Budapest. During the action, more than two tons of deteriorated or...

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The law on the increase of the mandatory distribution of Romanian food in the hypermarkets was announced

President Klaus Iohannis signed the law amendment – the Romanian President’s Office announced on Monday. According to the amendment, the retail chains achieving more than 2 million euros in sales...

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Old-new ECR SecGen

BGA established ECR Hungary back in 2000, as a joint supplier-retailer forum dealing with EDI and Logistics. The recent ECR Annual Meeting elected BGA SecGen Zoltan Fekete to become ECR...

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Italian food products in the international market

Coop Italia has created a new company that will try to match Italian food manufacturers with international buyers. Coop Italian Food intends to appear with Italian specialties – all of...

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Renewable energy at Tetra Pak

Tetra Pak plans to gradually rely fully on renewable energy: they intend to reach this goal by 2030 – at the moment 20 percent of the energy they use comes...

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GFK: the properly used trade mark causes sales growth in the FMCG sector

The number of brands awarded in the Product of the Year Competition grew by more than 60 percent. This year the products competed in 23 categories. The range of categories...

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The Hungarian melons are available in several supermarket chains

The Hungarian melons have appeared in the stores of several supermarket chains. Sales grew from other seasonal products as well: from mineral water, soft drinks and ice cream – the...

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European pigs are popular

According to the European Commission, the European Union sold 35 percent more pork (1.3 million tons) in the international markets in 2016 in the first four months, compared to a...

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There is still no inflationary pressure in the economy

There is still no inflationary pressures in the economy, so throughout the year an average of 0.6-0.7 percent price increase can be expected. Analysts told MTI that according to the...

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The British agriculture after the Brexit

Cheap labor may lost, but regulations will be more permissive. For the time being only guessing is taking place about the future of the British farmer after the Brexit. The...

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No more bird flu in Northern Italy

The Ministry of Health in Italy at the end of June withdrew the stict measures in the Emilia Romagna region. The first suspected case was in La Nuova Ferrara at...

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Special vadas sauce for the elderly

Within the framework of the NU-AGE project, which is supported by the European Commission, the specific dietary needs of the elderly population are addressed. MIRELITE MIRSA Zrt. developed its new...

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Neta lobby reloaded

Requesting Neta tax decrease options, BGA recently submitted two amendment proposals to the 2017 tax changes act. Before the final voting, both were rejected therefore a new round of BGA...

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SPAR and P&G campaign for gym refurbishment

This year Procter&Gamble works with SPAR Hungary in a campaign offering the chance to primary and secondary schools to refurbish their gym. Until 20 July shoppers who purchase P&G products...

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