Market News
Törley and St. Hubertus were included to the Hungarian depository
The Hungarikum Committee at its meeting held on Tuesday in Budapest expanded the Hungarian depository with eight items – the Ministry of Agriculture (FM) told MTI. The more than 130-year-old...
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The Omega band has become the ambassador of the Csabai Sausage
The Omega rock band has become the ambassador of the Csabai Sausage. The agreement was signed on Wednesday in Budapest by Hanó Miklós, deputy mayor of Békéscsaba and two members...
Read moreNGM: 300 billion HUF more for economic development this year
The government raised the Economic Development and Innovation Operational Programme (GINOP) by about 300 billion HUF, so the tendering framework increased to more than 2,200 billion HUF and will be...
Read moreSzijjártó discussed with AmCham leaders
Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade and leaders of the American Chamber of Commerce (AmCham) discussed during a meeting on Tuesday, how to improve competitiveness in Hungary...
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Improving economic sentiment in the euro zone
The Mannheim-based ZEW economic research institute’s economic sentiment index for Germany and the euro zone exceeded the expectations in April. The ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute’s index...
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Consumer confidence grew again
The consumer confidence index was up once again in Hungary: the 63 points in the 4th quarter was 2 points higher than the index of the 3rd quarter. As a...
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FMCG retail sales decreased early this year
Retail volume sales increased by 1.6 percent from the base period level in January 2016; adjusted for calendar effects, the sales growth was 2.1 percent. Food and food-type retail sales...
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Magazine: Here – and there too’ – International employment structures
In general we can talk about an international employment structure when the place of work changes, and the employee – based on an agreement with their employer – temporary do...
Read moreFM: agricultural economy has strengthened in Hungary
The agricultural economy strengthened and developed significantly in Hungary. Employment and exports increased greatly – the Deputy Minister of State of the Ministry of Agriculture (FM) announced at the four...
Read moreRaiffeisen: 2.2 percent economic growth and 0.5 percent inflation is expected this year
This year Hungary's GDP may expand by 2.2 percent, as the economy is in a growing pit, however, annual inflation will be only 0.5 percent – Török Zoltán senior analyst...
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The consumer protection authority tested baby cosmetics
The experts of the consumer protection authority found problems in 6 cases among the 40 kinds of baby cosmetics. In a microbiological point of view, all product have passed the...
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Half of the Hungarian population does not collect drink cans separately
About half of the Hungarian population does not collect the milk and juice boxes separately – the Beverage Carton Environmental Protection Association’s (IKSZ) new nationwide representative survey reveals. The survey...
Read moreInstead of Sunday store closure the Romanian shops would be obliged to sell more domestic food products
The commission of the Romanian house of representatives rejected the Sunday store closure initiative on major stores, however would oblige the commercial chains to sell more domestic food products –...
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Jesus' age beer was brewed from two thousand year old grains in Jerusalem
A Jerusalem brewery has produced a craft beer with a taste it says dates back to the time of Jesus. A sip of the concoction may help explain why wine...
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Faith in loans
According to the Deloitte-Scale BankIndex survey, Hungarian consumers’ attitude towards the banking system and banking services kept improving last year. Deloitte Zrt. partner Ákos Demeter told that the level of...
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Value sales up, volumes sales down
Last year 1 percent less insecticide and insect repellent products were sold in FMCG retail than in 2014, but value sales grew by 5 percent. The size of the annual...
Read moreAnalyst: the VAT reduction will pull down inflation
Until the submission of the budget, the impact of measures can not be seen accurately, but it is certain that the VAT reduction on several product groups will pull down...
Read moreThat is how food prices increased in the past 10 years
On the basis of the data of the Central Statistical Office, penzcentrum.hu collected how food became more expensive in the past 10 years. Here's the list: Pork: 1000 HUF ->...
Read moreThe NFH closed 14 stores for five days, due to the infridgement of the Sunday store closure
In one year, the National Consumer Protection Authority (NFH) received 27 notifications, in which the informers complained that shops were open despite the law on Sunday store closure – the...
Read moreThe Chamber of Agriculture would extend the village consultant network beyond the border
The Chamber of the National Agricultural Economics (NAK) made a proposal to extend the village consultant network beyond the border at the Carpathian Basin Hungarian Farmers Co-ordination Forum (KEF) –...
Read moreChatbots may substitute us to order meal or pay invoices
One of the greatest science fiction cliché may be realized: the chatting, command – abiding computer – origo.hu wrote. “We may be witnessing the beginning of a new era –...
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Honesty rewarded
In 2015 Aon Hewitt organised a Workplace Video Campaign (MuVi) competition. The winners received their awards on 11 February in Budapest’s Tabán cinema. There were entries from 13 companies and...
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Same career opportunities, similar chances?
In Hungary 50 percent of women say that men and women have equal chances for realising their career goals – revealed a survey by Ipsos, conducted in 23 countries with...
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Trade association: a favorable decision was born
To extend the reduction of the Value Added Tax (VAT) to other basic food products is a right decision – Vámos György, Secretary-General of the National Retail Federation (OKSZ) told...
Read moreNew excise rules will help the pálinka makers
The Ministry of National Economy (NGM) is creating a new excise law, which will help the pálinka makers – said Tállai András on Friday, at the excise conference held in...
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The FM plans to continue the Year of Local Products event series
The Ministry of Agriculture (FM) intends to continue the Year of Local Products event series from September – Zsigó Róbert, Minister of State of the Ministry of Agriculture (FM) responsible...
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More than 100 thousand people have joined to the “Teszedd!” special action
More than 100 thousand people have joined to the “Teszedd!” (Pick it Up!) special action – Móni István, the program leader of the litter picking action program told M1 news...
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Magazine: E-commerce getting stronger
This year is expected to bring further growth in online sales. The market expanded by 25-26 percent last year and according to Zoltán Ormós, the president of Szek.org, the expansion...
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The fruit and vegetable processing gives 8-10 percent of Hungarian food production
The fruit and vegetable processing industry gives 8-10 percent of Hungarian food production. 55-65 percent of the fruit and vegetable consumption is processed products – Cseh László, president of the...
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Poultry Product Council: consumers may be the biggest winners of the reduction in poultry VAT
According to the president of the Poultry Product Council (BTT), the consumers may be the biggest winners if value added tax (VAT) on eggs and poultry will be reduced next...
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