Market News
The production financing of the seal will be unified
The government is considering amendments in the excise tax rules, in order to unify them, to reduce administration and to increase the efficiency of tax collection. The production cost of...
Read moreThe GKI sentiment index continued to decline in March
The seasonally adjusted value of the GKI sentiment index continued to decline in March, after the fall in February. The business expectations have not changed, while the consumers’ expectations noticeably...
Read moreSavings Bank: economic growth will slow this year, but will accelerate in 2017
Economic growth will slow to 2.5 percent this year, however in 2017 it may accelerate to 3.1 percent – the analysts of the Savings Bank (Takarékbank) say. The bank's first...
Read moreKSH: the number of employees continued to increase
The average number of employees was 4.241 million in the period between December last year and February this year. It is 117 thousand more than in the previous year –...
Read moreFertilizers became much more expensive
The fertilizer distributors sold 1.5 million tons of fertilizers directly to farmers in 2015. The sales volume was eight percent higher than a year before. The fertiliser prices have risen...
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The European Commission rewards the most inspiring businesses
The European Commission rewards the most inspiring businesses again this year. The European Commission’s (EC) Award for the inspiring of European businesses will be organized in Hungary for the first...
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Magazine: Oat’s renaissance
Thanks to an excellent sales performance from mueslis and muesli bars, cereal sales have increased by 8 percent recently. Klaudia Takács, associate marketing manager of Nestlé Hungária Kft. told our...
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POPAI Global Award has a Hungarian winner again!
A.R.E | POPAI The New Association announced the 2016 Global Awards Winners at GlobalShop in Las Vegas on March 23, 2016. Each year, the POPAI Global Awards recognize excellence in...
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Call for Tenders for the Innovation Product Competition of Sirha Budapest
For the second time, Hungexpo Zrt. and Trade magazine will be jointly hosting the Sirha Budapest international Innovation Product Competition. The goal of the competition is to use the exhibition...
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Heavy traffic is expected in the chain of stores
The domestic retail chains expect a strong Easter traffic. The most popular products remain ham, eggs, chocolates, and alcoholic beverages; However, the consumers are increasingly turning to higher-quality products –...
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Trade Association: Easter brings 40-50 billion HUF additional revenues
During the pre-Easter holiday shoppings retail sales jump with 40-50 billion HUF – the secretary general of the National Retail Federation told M1 news channel on Sunday. Vámos György described...
Read moreThe Marketing Board would facilitate the efficiency of the pig sector with integration
The Livestock and Meat Interprofessional Organization and Marketing Board (VHT) would facilitate the efficiency and competitiveness of the pig sector with integration, in order to achieve the government's pork strategy....
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The Bull's Blood of Eger may be Hungarikum
Nyitrai Zsolt (Fidesz), MP of Eger and region initiates to declare the Bull's Blood of Eger as a Hungarikum. The Ministerial Commissioner announced this on Thursday at a viticulturist board...
Read moreCompetition to select the Pálinka of Békés County
Békés County ‘s local government is looking for the pálinka of the county again this year. The announcement of results will be at the 17th Gyulai Pálinka Festival – Zalai...
Read moreFive new table grape varieties were bred at the University of Nyíregyháza
Five new table grape varieties were given state-recognized variety ratings that were bred at the University of Nyíregyháza – the institution told MTI on Friday. The Adria, the Bíró kékje,...
Read moreFinance guards seized one and a half tons of tobacco leaves in Révleányvár
One and a half tons, about 15 million HUF worth dried tobacco leaves were seized by the finance guards of the National Tax and Customs Office (NAV). The dried tobacco...
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Partnership with BrandTrend results in Hungarian winners at World CSR Day
BrandTrend opened new horizons for companies in Hungary that take CSR activities seriously. Those who cooperated with the brand consulting firm came home with awards from the World CSR Day...
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Bravos is 25 years old: From small manufacture to major player in the coffee market
In the last 25 years Bravos went through many exciting changes. The Bravos story started in 1991 with roasted coffee packaging and distribution. At the end of the 1990s the...
Read moreThe NGM is confident that the expansion of retail sales continues
The Ministry of National Economy (NGM) is confident that the expansion of retail sales will continue, and believes that the 2.2 percent increase in turnover in January will reach last...
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Easter is the best with Hungarian ham
Easter is here again as well as the traditional, Hungarian quality ham. The Ministry of Agriculture, the Hungarian National Tourist Office, the General Directorate of the Agricultural Marketing Board and...
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Nébih: large quantities of unmarked eggs were withdrawn from circulation
More than 125 thousand unmarked eggs were withdrawn from circulation in Bács-Kiskun county. The entrepreneur wanted to sell them to “small producers” – the National Food Chain Safety Office (Nébih)...
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European overproduction plagued the Hungarian apple growers
After the pig farmers and the dairy sector, now the apple producers face difficulties due to overproduction in Europe – the Magyar Idők wrote. The Polish apple penetrated the market...
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Drink Hungarian beer to the Easter ham
According to the Association of Hungarian Brewers drink Hungarian beer of course during Easter. Vásárhelyi István beer gastronomer told that the lagers with their typical dry slightly spicy vegetable tastes...
Read moreFruitVeB: 150-160 HUF is a realistic purchase price for cherries
In the middle of this year a good cherry harvest is expected. The Hungarian Fruit and Vegetable Interprofessional Organisation and Product Board (FruitVeB) would consider a 150-160 HUF purchase price...
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The Dairy Product Board has also joined the “Feed Every Kids!” Foundation’s action
The “Feed Every Kids!” Foundation launches a newer action with the participation of several food chains in the 47 most disadvantaged micro-regions, where since 2010 the foundation offered a helping...
Read moreTwo hundred thousand primary producers were given cards
This year, slightly more than 200 thousand primary producer received 158 thousand primary producers’ cards between 1 January to 21 March. Süle Katalin presidency spokesman for the National Association of...
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Campaign for responsible alcohol consumption
The Detox is not a party! campaign was launched to promote responsible and moderate consumption of alcohol among the youth. The campaign aims to draw the young people's attention to...
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FAO food report
Last year the world’s countries set a schedule for sustainable development in the next 15 years and agreed to end famine by 2030. The Food and Agriculture Organisation of the...
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Sales grow, concentration process stalls
Grocery retail sales valued at HUF 1,540 billion in the December 2014-November 2015 period in the 90 categories audited by Nielsen. Both value and volume sales improved by 4 percent....
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Tax donation for the public good and for a bit of tax credit
Every year those companies that generate profit have the opportunity to support certain team sports or artistic endeavours financially. New ways of supporting in exchange for tax credit have been...
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