Market News

Falling tomato prices

According to the recent data, fruit and vegetable imports from third countries significantly increased in the European Union in the last year. The biggest jump occured in South Africa and...

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The pig sector is not in an easy situation in spite of the VAT reduction

The VAT reduction on pork from 27 to 5 percent resulted in increased in sales, but the industry is still struggling to compete with the cheap Western European imports because...

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The NAV is inspecting the meat companies

The National Tax and Customs Authority (NAV) is inspecting the meat companies after the pork VAT reduction – the agrarszektor.hu wrote. The most recent catch of the NAV was a...

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All lip care products corresponded to the consumer test

According to the National Consumer Protection Authority (NFH), all tested lip care products corresponded to the test, which studied the amount of UV filter of the products – the authority...

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A fruit picking crisis may occur in Australia

Australian fruit growers are worrying that they can not recruit enough workers to the harvest due to the introduced visa regulatory changes, so the crop may remain on trees in...

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Annual market expands to fifty billion forints

Snacks sell for HUF 50 billion a year, according to data from the last December-November period by the Nielsen Retail Index. In the following five categories stores realised 10 percent...

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The European Green Capital 2016 title was handed over to Ljubljana

The European Green Capital Award rewards EU cities’ efforts and commitment to improving the urban environment, boosting awareness of the need for environmental change at the city level. As European...

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The International Association of Perfume Makers was established

The world's major sixty perfume makers founded the International Association of Perfume Makers (SIPC) in Versailles France in hope to reach higher recognition – the Le Monde daily newspaper wrote....

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Two-digit sales growth in both value and volume

Sorry, this entry is only available in HU....

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Better quality in focus

Easter confectionery sales were worth HUF 4 billion at 844 tons in the three months around Easter 2015. Compared with the Easter season of 2014, value sales fell 2 percent...

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Value sales increased above the average

Combined sales of mayonnaise, ketchup and mustard reached HUF 18 billion in December 2014-November 2015. Value sales rose 7 percent from the base period level. MAYONNAISE: retail sales were worth...

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Magazine: More new flavours to make food taste better

Condiment products perform well throughout the year, but the strongest seasons are the Easter and Christmas periods. In the last few years the summer barbecue season has become the third...

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The domestic producers want 5 percent VAT on eggs

While the tasty rural farm eggs are becoming more and more popular, the industrial eggs may come from distant continents. Nowadays large quantities of eggs arrive to Europe from India....

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The cash register situation has improved because of the online transition

The cash register market has come to a standstill after the online transition. The general technical situation of the cash registers has improved and because of the legal requirements, many...

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Analysts: last year's foreign trade surplus reached its historical peak

The evolution of the trade balance in December 2015 exceeded analysts' expectations, while the annual surplus rose to its historic highs. Suppan Gergely, analyst of the Savings Bank told MTI...

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The deadline of the food industrial support tender has been extended

The deadline of the food industrial support tender has been extended, so the first round of requests can be sent online between 25 February and 25 April – the Minister...

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MKIK: business confidence significantly improved in Hungary

According to the business climate analysis of the MKIK Economic and Enterprise Research Institute (GVI) business confidence significantly improved in Hungary in January, compared to the previous quarter. The Research...

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Climate change: the science will rescue the wine-growing regions

Without Merlot, the Bordeaux wine region would be like Tokaj without Furmint. How the world's best-known wine regions will adapt to the impacts of the climate change without losing their...

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Three hundred tons of carp is deployed into the Lake Balaton each year

The Balaton Fish Management Company begins the spring fish domiciliations into the Lake Balaton. Now 60 tons of carps are leaking into the lake. Every year 300 tons of carp...

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Mobile devices used more frequently in job seeking

According to the 2015 Adecco Work Trend Study, conducted with the participation of 4,100 employers and 31,000 job seekers in 26 countries, in job seeking the use of company websites...

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Informatics development is necessary

Parcel vending machine use can only become more frequent if online shops improve their IT systems: the machines can only hold relatively small parcels but online shops sell big objects...

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The fish may be cheaper as well

According to the operators of the sectors, the VAT should be reduced not only on pork, but also on dairy products and fish. Lévai Ferenc former president of the National...

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Hungarian premium beef is already available in the Chinese shops

The sales of the Hungarian premium quality beef has begun in Shanghai and the surrounding area, in ten stores of the Chinese Greenland Group supermarket chain on 1 February –...

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Fazekas Sándor: the decline in the pig population has stopped

The decline in the pig population has stopped in Hungary in the past few years, now the pig population is around 3.2 million again – the Minister of Agriculture said...

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The EC expects 2.1 percent growth in Hungary this year and 2.5 percent next year

This year the European Commission (EC) expects 2.1 percent economic growth in Hungary and 2.5 percent for the next year. The European Commission (EC) published its winter economic forecast in...

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We produce nearly 2 million tonnes of food surplus each year

In Hungary, we throw away nearly 2 million tonnes of food each year. The Food Bank aims to save the food surplus and deliver it to people in need. The...

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IKEA increased its sales in Hungary by nearly 15 percent

Compared to the previous fiscal year, the IKEA increased its sales revenues in Hungary by 14.6 percent to 47.01 billion HUF in 2015 – Marek Feltl, leader of the company...

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Italian cigarette smuggler was caught

An Italian man tried to smuggle over 14 million forints worth cigarettes from Hungary, but was caught by finance guards at the Hungarian-Croatian border crossing at Letenye. Joó Hilda, press...

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Leasing companies to join the financing scheme

Leasing companies can also join the agri-business financing programme in the EU budgetary period that lasts until 2020. Until 2020 there will be an annual budget of HUF 628 billion...

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NGM: retail sales growth of around 5 percent is sustainable

Hungarian retail closed an exceptionally good year in 2015. Such an increase has not seen for more than 10 years – Lenner Áron Márk, Deputy Ministerof State of the National...

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