Market News
The European Commission may scrutinize the entire tobacco system in Hungary
Brussels is preparing a possible investigation decision about the Hungarian tobacco supplier slower than the market had expected, so instead of the initial absence the Philip Morris Magyarország Kft. chose...
Read moreFazekas Sándor: the share of animal husbandry should be increased within agriculture
The retail price of pork products may decline from January, because the VAT on pig meat will be reduced from 27 percent to 5 percent – Fazekas Sándor Minister of...
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The Food Bank gives help to about 40 thousand families during Christmas
The Hungarian Food Bank Association provides support to about 40 thousand families in need during Christmas, after last weekend the organization's volunteers collected 270 tons of food products. The amount...
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The Hungarian National Trading House has opened an office in Szabadka
The Hungarian National Trading House has opened its office in Szabadka, so the number of representatives in Serbia increased to three. The aim of the at the Hungarian National Trading...
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Star Wars madness expected before Christmas
According to an article published in USA Today, the 18 December US premiere of Star Wars 7 – The Force Awakens (Hungarian premiere: 17 December) will dominate in-store design solutions...
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Broadband development projects speeding up
Invitel subscribers can enjoy the advantages of the broadband optical fibre network sooner than scheduled. Deputy CEO Marianne Langsteiner informed that the network will be installed in 160,000 households –...
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All machines will be connected
Samsung’s estimation is that 100 percent of their new electronic products will be able to communicate with other machines by 2020. This means that washing machines and vacuum cleaners will...
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Bank card payment solution for free
Barion offers a free bank card payment solution to b2c retailers. Tamás Bíró, co-owner and marketing director of Barion Payment Zrt. told our magazine that retailers have to meet two...
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Cellum’s new operating director
Cellum Global Zrt. appointed Ábel Garamhegyi as its operating director and deputy CEO from mid-September. The new executive left his vice presidential position at Belgian visual technology company Barco for...
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Computer matches T-shirts with potential buyers
Japanese fashion brand Uniqlo started using a system in its Sidney store, which was designed to match to match the right T-shirt to a person based on brainwave analysis. The...
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Magazine: Online invoices on NAV’s desk
From 1 January 2016 invoicing software need to have a ‘tax inspection data providing’ function. With this feature data can be exported to the National Tax and Customs Administration’s (NAV)...
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The trade association expects a longer shopping period and growing Christmas traffic
The National Retail Federation (OKSZ) expects a longer shopping period this year. The OKSZ expects a 5-6 percent more, 950 billion HUF more consumer spendings in December 2015, compared to...
Read moreNGM: rising real wages contributed to the growth of retail sales
September has been the 28th month in a row when the volume of retail sales increased in Hungary. The consecutive 28 month increase is primarily due to the rising inflation...
Read moreOne million Internet users would purchase on Black Friday
According to a survey, the fifth of Internet users aged 18-59 (about a million people) are planning to purchase during the “Black Friday” promotions. The “Black Friday” is the Friday...
Read moreCampaign to promote Hungarian fish consumption
A campaign to be launched to promote Hungarian fish consumption and to raise awareness to fish diversity and the huge variety of flavors According to the notice of the Prime...
Read moreThe Hungarian enterprises concluded contracts in Beijing in a value of almost two billion USD
Almost two billion USD worth contracts have been concluded between the leaders of Hungarian and Chinese companies on Thursday in Beijing in the presence of Szijjártó Péter Foreign Economic Relations...
Read moreNAV: the ekáer and the HU-GO helped to detect hundreds of millions HUF tax evasion
The electronic road freight traffic control system (ekáer) and the HU-GO electronic toll system data contributed to detect a hundreds of millions of HUF VAT fraud case – the National...
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The year-end shopping fever has begun in the United States
The big supermarket chains are trying to attract customers mainly with tablets, laptops, consumer electronics, toys and games, sports equipment and fashion products. The National Retail Federation expects that this...
Read moreGfK: German consumers became slightly more pessimistic
Concerns about economic activity increased and therefore consumer sentiment slightly worsened in Germany, but it cannot be detected in the volume of Christmas shopping. The GfK Economic Research Institute announced...
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Positive non-food sales trends
In January-August 2015 retail sales of household chemicals and cosmetics grew 6 percent to HUF 230 billion, while volume sales improved 1 percent from the base period. Nielsen’s client service...
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Czech company Agrotec settles in Komárom
Agricultural machinery distributor Agrotec Magyarország Kft. moved in the Komárom industrial park, investing HUF 1 billion in setting up its headquarters. 70 people work here and the company has another...
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New innovation centre in Karcag
Recy-Pet Hungária Kft.’s new factory and innovation centre was inaugurated by Minister of Agriculture Dr Sándor Fazekas on 16 October 2015 in the Karcag Industrial Park. The new technology used...
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Poultry wiener innovation from Merian
In Hungary’s poultry processing industry the B. M. Bernardinelli family were among the pioneers, establishing a company in Orosháza in 1996. The company has always been one of the biggest...
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Ads and consumers: people trust each other and brands
For 81 percent of Hungarian consumers credible advertising is recommendation which comes from people they know and trust – reveals a 60-country Nielsen survey. 68 percent of Hungarian consumers named...
Read moreMagazine: Less black market tobacco
Once again, in the 3rd quarter of 2015 tobacco retail did better than expected, with sales improving in both value and volume. Like-for-like cigarette sales grew for the first time...
Read moreKSH: Retail sales rose by 5.1 percent in September
The volume of retail sales increased by 5.1 percent on a yearly basis in September after a 4.6 percent rise in August, according to the raw and calendar effect adjusted...
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Nielsen: eight and a half million chocolate Santa Claus figurines were sold last year in the stores
The food retail sector record broke a record in case of the holidays seasonal sweetness in December, compared to last year. The revenue was more than ever, amounted to 3.1...
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Black Friday: More than half of the Hungarians have heard about the promotions
54 percent of the Hungarians have heard about the Black Friday promotions. Most people would buy clothing products on this day – Millward Brown’s latest representative research reveals. According to...
Read moreFM: the financial and income situation of agriculture improved substantially
Thanks to the favorable performance of agriculture and the efficient agricultural and rural development funds, the financial and income situation of agriculture improved substantially – Nagy István Parliamentary Minister of...
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Next year’s milk marketing is focusin on the encouraging of domestic milk consumption
The Milk Interprofessional Organization and Marketing Board, together with the Hungarian Tourism Zrt. organized the annual conference of the dairy industry in Velence. At the annual conference called Indispensable marketing,...
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