Market News
Sunday shopping makes its return
As of 16 April 2016 the law allows shops to be open on Sundays once again. Shopping centres reacted to this change very quickly and made it mandatory for shops...
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GKI forecasts fewer investments and economic slowdown
GKI Economic Research Zrt. forecasts a 2.3-percent economic growth in 2016 (after the 3.7-percent expansion in 2014 and the 2.9-percent growth in 2015). Data from the beginning of the year...
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Small shops with a large share in sales
Beer is one of the top sellers in 200m² and smaller shops: 38 percent of beer’s total value sales were realised in this channel in December 2015-March 2016. The 51-200m²...
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Magazine: Time to get wet
Consumer demand keeps shifting towards more convenient products in the pet food market. Nestlé Hungária brand manager Nikolett Koch told our magazine that a good price-value ratio is more important...
Read moreNGM: Hungarian retail grew above the European average
The Hungarian retail sales growth in April was the fourth largest in the European Union, significantly above the EU average of 2.4 percent – the Ministry of National Economy (NGM)...
Read moreGKI: business expectations are deteriorating since January
GKI’s business climate index is stagnated in June and May as well. According to the (www.gki.hu), survey conducted in June with the support of the EU, business and consumer expectations...
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Every forint spent on advertising adds another six to the country’s economic performance
At the Media Hungary conference the Hungarian Advertising Association (MRSZ) and PwC Hungary revealed the findings of their study, ‘The Economic Impacts of Hungary’s Advertising Sector’. MRSZ president Zsolt Urbán...
Read moreThe harvest has started in Békés County
The harvest has begun in Békés County with the harvesting of the winter barley, canola and pea seed. Kozsuch Kornél chairman of the county harvest coordination committee told MTI on...
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The European Commission wants more flexible VAT system
The European Commission would change the EU VAT system. The European Commission want more flexible, simpler and at the same time more rigorous system against frauds by standardizing the value...
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The NAV sold almost 80 tonnes of fruits
The National Tax and Customs Office (NAV) identified nearly 30 million HUF tax shortfall at a wholesaler at the Budapest Wholesale Market. The NAV seized 22 tons of oranges and...
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Nébih examines cooking oils
The Nébih examines those suspected of cooking oils, which were found by a group of experts in several domestic stores. The tax authority claims that carries out strict actions against...
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More and more farmers grow soybeans in Hungary
More and more people are growing GMO-free soybeans in Hungary, which is essential in animal feeding – mfor.hu wrote after Magyar Hírlap. Tikász Ildikó Edit, researcher of the Agricultural Research...
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The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places
The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places; so now it is the time to use sunflower fungicide protection, which has a good performance...
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Preservative sales dropped the least
Sales of home preserving supplies were moving between HUF 1.5 billion and 2 billion in the last two cumulative years. In the February 2015-January 2016 period value sales fell 12...
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Mandatory indication of the place of origin
In the middle of May members of the European Parliament put forward a motion for a non-binding resolution for introducing mandatory country of origin labelling of meat and dairy products....
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Information sharing in corporate tax matters
The European Commission’s proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by the European Parliament as a positive step in the fight against aggressive...
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Electronic signature just as valid as the handwritten
As of 1 July 2016 a new regulation applies to electronic signatures. E-signatures will become valid, legally binding, evidence providing and accepted in each member state of the European Union....
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A hundred million bank card payments
Cellum started Hungary’s first nationwide mobile payment service in 2006. Since then 100 million payments have been realised in the system, in the value of HUF 70 billion. The first...
Read moreFM: next year 43 billion HUF will stay in the pockets of families as the result of the food VAT cut
Next year 43 billion HUF (about 35-40 thousand HUF per families) will remain at the families as the result of the food VAT cut. Fazekas Sándor, Minister of Agriculture told...
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FruitVeB: significant hail in the east part of Szabolcs-Szatmár-Bereg county
Significant hail occured in the east part of the Csenger and Fehérgyarmat regions of Szabolcs-Szatmár-Bereg county – the President of the Hungarian Fruit and Vegetable Interprofessional Organisation and Product Board...
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Fazekas: Great Britain is an important agricultural market for Hungary
The Minister of Agriculture is confident that the Hungarian products will reach the British market even after the termination of in Britain's EU membership. Fazekas Sándor told MTI that detailed...
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Lidl recalled salmonella contaminated paprika powder
The Lidl Magyarország recalled the 100 grams Mikado delicacy spicy paprika powder, which will keep expires on 26 December 2016, because during Lidl’sown quality control tests the product was found...
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MNB: the decline in vulnerability reduces the risks in Hungary
The fact that Hungary’s vulnerability considerably decreased in the past years reduces the risks that will occur because of the Brexit. The outcome of the British referendum caused volatility in...
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Salmon oil brands in Norway under credibility test
Salmon oil brands were tested with a new, unique method in Norway. At the independent test of the OmegaVeritas, the ingredients in the world's leading salmon oil products were analyzed,...
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Direct payment manual published
NAK has published their tenth manual to make the work of the chamber’s members easier. The system of direct payments under the CAP was transformed in 2015 and NAK’s manual...
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Donation to the foster home
NAK donated gardening tools, flowers and seeds to the 60 children who live in the two homes of the Bólyai Foster Care. NAK president Balázs Győrffy handed over the donation...
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Cooperation is only possible with more trust
At the spring conference of the Hungarian Chamber of Agriculture (NAK), Magosz and COGECA participants discussed the role of cooperatives in Hungary and other parts of Europe. One of the...
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Magazine: Facing cleansers
For facial care products the biggest challenge in the Hungarian market is the low penetration level of the category. NIVEA’s 2015 ‘Good value for money’ survey found that only 31...
Read moreThe harvest has begun
This year's harvest season has begun in Hungary with the harvest of winter barley. the experts expect a good average crop – Minister of State of the Ministry of Agriculture...
Read moreThe investment mood of SMEs is improving
After last year's low point SMEs' willingness to invest revives again. Currently 56% of the CEOs are preparing for some kind of improvements – according to the K&H SME confidence...
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