Market News
Rural Development Office: more than 175 thousand single applications have arrived
Until the May 23 deadline, the producers submitted 175 355 applications for about 5 million hectares to the Agriculture and Rural Development Office (MVH); about the same amount as in...
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Last year we purchased 22 million times on the Internet
In 2015, the Hungarian consumers purchased products online for more than 22 million times. Nearly 30 percent of the products were taken over personally at the webshop's own shop, but...
Read moreKSH: the number of employees continued to increase
The number of employees continued to increase in the three months from February to April: compared with the first quarter by 31 thousand, and compared to the same period of...
Read moreThe FAO announces an international drawing and video contest
The UN Food and Agriculture Organization (FAO)announced a new global video and poster contest. The FAO is asking the world’s children to help it highlight how climate change is making...
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Expanding resources for children nutrition
In next year's budget it is planned that the funding of the Child Nutrition Program reaches 74 billion HUF, which is 2.2 billion more than this year’s amount. Rétvári Bence,...
Read moreGfK: Consumer sentiment improved slightly in Germany
German consumer confidence is set to strengthen in June as the economy is expected to grow over coming months, survey data published by the research group GfK showed Wednesday. The...
Read moreKSH: March retail sales growth slowed slightly
In March the annual growth rate of retail sales slowed slightly. According to the calendar effect adjusted data the retail trade volume was 4.2 percent, compared to a year before....
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The MVH brings forward the payment of the transitional national dairy premium to milk producers
The Agriculture and Rural Development Agency (MVH) starts the payment of the transitional national dairy premium to alleviate the serious problems of the dairy farmers – Gyuricza Csaba, president of...
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Stores may be closed due to renovations in the subway
Due to renovations of the subway line 3, some stores operating in the subway and on platforms will not be able to open, in addition the BKV Zrt. may terminate...
Read moreOne-third of this year's cherry harvest was destroyed by frost
It is estimated that about 30 percent less sour cherry will grow this year due to the spring frost damage. Because of the frost damages in April, the purchase prices...
Read moreThe weight of foreign companies in Hungary is decreasing strongly
The proportion of foreign-owned companies is declining among the dominant businesses ie the role of foreign capital is declining. This decline is more apparent in light of the fact that...
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Wine Days to be held in Tokaj on the first weekend in June
The Tokaji Wine Days program series are planned to be internationally known and respected wine event. The Tokaji Wine Days will be held between the 3rd and 5th of June...
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Staropramen: Prague’s number one beer entices the visitors to take part in gastronomic adventures inspired by the Czech cuisine
The centuries-old Czech beer culture’s iconic brand, Prague's number one beer, the Staropramen entices the domestic lovers of the brand to take part in Czech gastronomic adventures this summer, in...
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Beware of ransomware!
Ransomware can cause great damage to companies in Hungary too. According to Zsolt Bárány, regional key account manager of Trend Micro, we don’t know about Hungarian cases only because companies...
Read moreBees are bellwethers for the healthy agricultural ecosystems they help create
Bees make a priceless contribution to agriculture and are a bellwether for environmental health, working without pay while both delivering and reflecting biodiversity. “A world without pollinators would be a...
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Retail sales drop in the USA
After the 0.1-percent sales decline in February, March suddenly brought a 0.8-percent decrease in retail sales in the USA. Motor vehicle sales suffered the most, falling by 2.1 percent. The...
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Magazine: A commonplace that is often true: sometimes less is more
Consumer needs shape the laundry detergent category: namely how can manufacturers make it easier for consumers to do the washing? Hungarians like innovative detergent solutions, therefore in comparison with other...
Read moreDo not expect lower strawberry prices
The price of strawberries will not be cheaper in June. Currently it is around 1000-1400 HUF per kilo. Due to the severe frost damages, about 30 percent of the yield...
Read moreMore and more farmers are growing asparagus
Domestic asparagus growers may expect smaller revenues this year, because due to the cool weather the season starts very slow. In some areas, 20-30 percent less was harvested from the...
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Bisnode: payment discipline improves, but the length of the delays increases
The rate of bills paid before deadline increases every year, but in length of the delay in payments a worsening trend can be experienced among the Hungarian companies. This year,...
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Improved consumer sentiment in Europe
Consumer confidence appreciably strengthened in May in the euro zone and in the European Union as a whole – according to the European Commission's preliminary flash estimate that was published...
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Ten billions HUF investment to exploit the thermal water in Tura
A small power plant generating electricity and a giant vegetable production greenhouse is under construction in Tura, Pest County for the utilization of the local thermal water. The preparatory works...
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The Parmesan may reduce high blood pressure
According to a study presented at a New York conference, however, small amounts of Italian cheese can keep hypertension at bay. A serving of Italian Grana Padano cheese – a...
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The more than 100 years old Bečov wines are in excellent condition
Well-known wine experts tasted the West Bohemian Becov nad Teplou Castle’s more than 130 year old wines that were discovered in 1985 and found that the wines are in excellent...
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Combined annual market above 55 billion forints
Toilet paper: sales exceeded HUF 29 billion in January-December 2015. Value sales were up 5 percent and volume sales grew by 3 percent. Stores bigger than 400m² realised 71 percent...
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Wages continue to increase
According to analysts polled by MTI the momentum of wage growth may continue, in the next few months. According to the data of the Central Statistical Office (KSH) published on...
Read moreThe GKI sentiment index increased slightly in May
The decline of the GKI sentiment index has stopped in May. The index declined since January. The index increased slightly. According to the research of GKI (www.gki.hu), carried out with...
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Ukraine plans to increase flour exports
Ukraine intends to increase flour exports continuously in the coming years. Last year, Ukraine exported, a record amount of 257.5 thousand tons of flour, but the half a million tons...
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Chocolate bar and toothpaste commercials reached the most viewers
In the first quarter of 2016 television commercials for chocolate bars, puddings/dairy snacks and fruit juices reached the most viewers, their GRPs were 10,802 points, 9,637 points and 6,480 points,...
Read moreWe drink less beer but chosse domestic
If the size of the country would be based on how many beers the citizens drink a year, the Czechs, would dominate with their consumption of 144 liters per capita....
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