Market News
Lower yield because of the drought
According to USDA and IGC, this year’s corn yield will be 4 percent lower than in 2014-2015, at about 970 million tons. Because of the summer drought the European Union’s...
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Positive expectations about the end of the year in online retail
In e-commerce the Christmas season starts with the so-called Black Friday, held at the end of November. This year three quarters of Hungary’s online shops take part in the campaign:...
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Share in sales changed for four store types
Battery retail sales were between HUF 4 and 5 billion in the last two January-October periods. Value sales fell by 1 percent and volume sales also dropped 1 percent. The...
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Magazine: The colourful world of white goods
According to market research data, Hungary’s large household appliances (also called white goods) market keeps growing – we learned from Zsolt Belényesi, domestic sales division manager of Electrolux Lehel Kft....
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OKSZ-Secretary-General: retail revenue in December may exceed 950 billion HUF
According to the Secretary-General of the National Retail Federation (OKSZ), retail turnover may be higher than previously estimated: it can even exceed 950 billion HUF in December. Vámos György Secretary-General...
Read moreRetail trade continued to expand
The volume of retail sales increased by 4.1 percent in an annual comparison in October after the 5.1 percent rise in September, while the calendar adjusted data shows a 4.6...
Read moreNGM: the rise of retail sales is unstoppable
The increase of retail sales is unstoppable in Hungary. The expansion lasted in October for the 29th consecutive month – the Deputy Minister of State of the Ministry of National...
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Winter food chain controls: more than 12 million HUF fine so far
During the winter seasonal food chain controls a total fines of 12.3 million HUF were imposed in 87 cases. Bognár Lajos, Minister of State of the Ministry of Agriculture told...
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Fish Farmers: carps are the most popular
Before Christmas the most sought fish is still the carp, however the consumers are increasingly looking for ready to cook fish fillets – the president of Mahal told MTI. Németh...
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Wages increased by 4.8 percent in October
In October 2015, the gross and net average earnings increased by 4.8 percent, compared to a year before. Without counting the public workers the increase was 5.6 percent compared to...
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Five Hungarian companies among the region's 500 fastest growing companies
Five Hungarian company are among Deloitte Technology Fast’s EMEA region (Europe, Middle East and Africa) ranking list of the 500 fastest growing companies this year. The Central and Eastern European...
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Recession hits Italy
In the last 4 years the number of stores fell by 21,320 units in Italy and half of these were grocery stores. Between 2010 and 2014 Italians spent 7.9 percent...
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Magazine: Pralines are slowly but steadily regaining their old glory
Praline sales grew by a couple of percent in the last 12 months, a bit more in value than in volume. Sándor Sánta, managing director of Chocco Garden Kft. reckons...
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Half million tonnes less fruits and vegetables grown this year than in 2014
This year, the farmers harvested about 2.5 million tons of vegetables and fruits, about 500 tons less than the record harvest in 2014. The yield loss was mainly due to...
Read moreThe quality of Hungarian wines is improving constantly
The quality of Hungarian wines is steadily improving and it is also recognized abroad – Fazekas Sándor Minister of Agriculture told at a press conference in Budapest. The Minister, while...
Read moreThe chairman of the Fiscal Council expects a two-three percent increase in the future
The GDP growth can be close to 3 percent this year, in the future 2-3 percent annual economic expansion can be expected – Kovács Árpád, chairman of the Fiscal Council...
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The Hungarian National Merchant House has 35 offices already
The Hungarian National Merchant House (MNKH), has offices in 35 countries, backed by the Central European network, which will have 22 members – Ducsai-Oláh Zsanett, CEO of the Hungarian National...
Read moreNébih: delivery of animals susceptible to bluetongue to be simplified
The National Food Chain Safety Office (Nébih) told MTI on Thursday that the delivery of animals susceptible to bluetongue diesase is authorized temporarily to disease-free or low-risk areas without previous...
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Nearly sixty percent of the light garlands are faulty
This year, 58.8 percent of the tested christmas light garlands did not meet the product safety requirements which is almost 30 percent less than last year's 87.5 percent – Vermes...
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Less food wasted
According to a survey conducted by The British Retail Consortium, while in 2013 British retail chains produced 200,000 tons of food waste, in 2014 they only generated 180,000 tons. Data...
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Magazine: Something natural, prepared quickly and simply
The price of frozen vegetables and fruits depends on vegetable and fruit prices, which are shaped by weather conditions. This year the summer was very hot and dry, therefore in...
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Nielsen: seven percent increase in the household chemicals and cosmetics retail
Compared to January-October 2014, the retail sales of household chemicals and cosmetics increased by 7 percent to 290 billion HUF in the first ten months of the year. In terms...
Read moreThe Kopint-Tárki expects a 2.9 percent growth for this year
The Kopint-Tárki modified its growth forecast for this year to 2.9 percent from the previously forecasted 3 percent. For next year, a slightly lower 2.4 percent of gross domestic product...
Read moreThe Romanian Parliament adopted the smoking ban
Smoking is completely banned in Romania at enclosed public areas, after the House of Representatives adopted a law on this issue on Tuesday. The bill was also voted by the...
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LeasePlan is an international market leader with its 1.5-million-vehicle fleet
LeasePlan’s Dutch parent company, LeasePlan Corporation announced that the size of its international fleet reached 1.5 million vehicles. This is a record number in the market that strengthens the company’s...
Read moreGfK: households spend 20 percent more on fast moving consumer goods in December
An average household spent 74 thousand HUF on food and household chemical goods in December last year, which was 20 percent more than the monthly average of 61,500 HUF –...
Read moreThe agricultural ministry initiated the stricter monitoring of imported honeys into the 0EU
Hungary has Initiated the stricter monitoring and a more accurate indication of the origin of imported honeys into the European Union, at the Agriculture and Fisheries Council meeting in Brussels...
Read moreIn the future, the electronic cigarettes can be bought in the national tobacco stores
The National Assembly set the same rules on electronic cigarettes as traditional tobacco products on Tuesday. These products can only be purchased in the national tobacco stores in the future....
Read moreNet: the proportion of smartphone users grew by 20 percent in the last two years
Compared to the 47 percent of 2013, 20 percent more people, 3.3 million people use smart phones, which is 67 percent of the Hungarian adult Internet users – according to...
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Mothers’ House opens with support from FMCG companies
SCA Hygiene Products Kft., Hungaropharma Zrt., SPAR Hungary, Rossmann Hungary and the Tork brand were among the sponsors of creating the Mothers’ House that opened on 19 November. A building...
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