Market News
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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The Association of Dietitians issued new dietary recommendations
The Association of Hungarian Dietitians (MDOSZ) has compiled the latest nutritional recommendations – the MDOSZ told MTI Thursday. According to the Communication, the recommendation prepared for healthy adults suggests to...
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Ten billion HUF for trading houses
The Hungarian National Trading House Ltd. (MNKH) can spend about ten billions HUF on the establishment of trading houses in more than fifty countries – the Magyar Nemzet wrote on...
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The traveling exhibition presenting the history of soda opens in Ozora
The traveling exhibition of the Hungarian Museum of Trade and Tourism opens on Thursday in Ozora in the renovated building of the Esterházy Reception Center. The Soda, the Hungarian cult...
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New VAT cuts to come
The Ministry of National Economy sent its 2017 budget draft to the Budget Council on Wednesday. Varga Mihály told MTI that next year's budget will be the budget of tax...
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The poultry producers welcome the reduction of VAT
Csorbai Attila CEO of the Poultry Product Council (BTT) considered the announcement of Varga Mihály, Minister of National Economy very favorable for the poultry sector. According to the Minister of...
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Ten thousand tons of food products and one million liters of drinks were seized within an international action
The Hungarian experts seized 243 tons of food products and 17 thousand liters of drinks in the action called Opson – the National Food Chain Safety Office (Nébih) announced on...
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Rétvári: increasing resources in children nutrition
The resources available for children nutrition increased significantly this year and surplus sources are also available – Rétvári Bence, Parliamentary Minister of State of the Ministry of Human Resources told....
Read moreMaize seed is cheap due to oversupply
Changing climate, rapidly rotating hybrid varieties, low crop prices and austerity constraints hampered the spring maize seed selection, but this year due to the excess in supply one can bargain...
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From stock exchange to goldmine?
February continued what started in January: after a small positive correction the markets started going south again and in mid-February they hit yet another nadir. In Germany the DAX index...
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Unfaithful shoppers – discount stores and supermarkets
Like-for-like FMCG volume sales have been dropping for five consecutive months in the United Kingdom. For instance in January 2016 sales were 0.8 percent lower than in January 2015; value...
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Above-average sales growth
Shower gel sales reached HUF 16 billion in 2015, growing by 10 percent from the 2014 level; volume sales were up 8 percent. The share of stores bigger than 2,500m²...
Read moreHousehold consumption increased by nearly 9 percent last year
The monthly expenditure of households per capita grew by 8.9 percent in 2015 and was an average of 74 608 HUF. The highest proportion of the household expenditure (26.7 percent...
Read moreKSH: the rise of agricultural producer prices slowed down in February
In February, agricultural producer prices rose by 2.8 percent, compared to the same period of the last year. The price of crop products grew by 7.3 percent, while the price...
Read moreThe Chamber of Agriculture calls for an urgent solution to the problems of irrigation
The Chamber of the National Agricultural Economics (NAK) and the Hungarian Farmers' Societies and Co-operatives (MAGOSZ) initiated an inter-ministerial consultation between the Ministry of Agriculture, the Ministry of Interior and...
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Cooperation agreement between the GVH and the Brand Association
The Hungarian Competition Authority (GVH) and the Brand Association have signed a co-operation agreement to promote the strengthening of the approach that respect the laws and ethical standards in economic...
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The Dairy Product Board is satisfied with the rapid payment of the crisis support
The Milk Interprofessional Organization and Marketing Board call for the attention of the press and retailers for the following: The Milk Interprofessional Organization and Marketing Board is pleased that the...
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Hungarian flavors presentation and agricultural ministerial meeting in Washington
Fazekas Sándor Hungarian Minister of Agriculture was negotiating about the dairy market crisis, the European-US free trade negotiations and about maintaining the GMO-free status. Scheduled to the visit, culinary product...
Read moreSlowdown in the growth rate of grocery sales
In the February 2015-January 2016 period HUF 1,550 billion worth of groceries were sold, 4 percent more than in the previous 12 months. However, in the year before last the...
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The new pilot program launches the spreading of the one-touch vending machines
Twenty vending machines will be suitable to one-touch payment. The vending machines are given bank card payment with the support of the MIÁSZ and the MasterCard. The user-friendly one-touch technology...
Read moreAmerican farmers priced new corn low
March corn prices were moving upward, until the end of the month. However, new information came to light that may keep prices low or even lower in the next 12-months....
Read moreNFH: alcohol or cigarettes were sold to juvenile in 37 percent of the test purchases
During the test purchases of the National Consumer Protection Authority (NFH) the violation of law was observed in 37 percent of the test purchases, in 392 cases out of 1046...
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Few really innovative products
GfK Hungária’s latest newsletter has revealed that only 20 percent of new products are real innovations (new brands or sub-brands). All other new products are so-called renovations – versions of...
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Lower VAT rate for egg is demanded
According to the Hungarian Egg Association, the Electronic Public Road Trade Control System (EKÁER) is efficient in catching some of the illegal egg transports, but in order to ‘whiten’ the...
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The end! Shops are opening on Sunday again!
Hungary’s National Commerce Association (OKSZ) believes the government’s proposal to abolish the Sunday closings legislation, which restricts retailers from opening on Sunday, is a rational one, György Vámos, chief secretary...
Read moreThe supermarket chains examine the proposal on the withdrawal of the Sunday store closure
The supermarket chains are examining the proposal on the withdrawal of the Sunday store closure – they told MTI. If the Parliament votes the change, the Hervis can open its...
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The number of domestic food stores fell by 5 percent in one year
A total of 16 869 general food stores were operating in Hungary at the beginning of this year; 5 percent less than a year before. 860 stores have disappeared from...
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