Market News
Jackfruit pálinka at the model farm in Uganda
A Hungarian business delegation is negotiating in Kampala of the possibilities of economic cooperation between Hungary and Uganda – globoport.hu wrote. After the successful negotiations it became apparent that the...
Read moreA weapon was found at an illegal distillery
The finance guards of the National Tax and Customs Administration (NAV) found a home-modified weapon and ammunition in an illegal distillery in Miskolc. When the raid happened the owner was...
Read more
Price war continues in the UK
In October Lidl and Aldi improved sales by 18 percent in the United Kingdom. Both Tesco and Asda lost market share against their German competitors in the past quarter. According...
Read moreKSH: GDP grew by 2.3 percent in the third quarter
Hungary's gross domestic product (GDP) grew by 2.3 percent in the third quarter compared to the same period of the previous year – based on an initial estimate by the...
Read more
Tenders for the development of the fruit and vegetable sector to appear soon
In the following months, several proposals will be published to support improvements in the fruit and vegetable sector. In the applications, in addition to the individual farmers, producer marketing organizations...
Read moreNGM: the slowdown in growth is due to the weaker performance of agriculture this year
The slowdown in GDP growth is due to the weaker agricultural performance this year, compared with last year, which is the result of the droughty summer and previous year's high...
Read moreAccording to a survey the domestic online B2B trade is expanding more and more rapidly
The domestic online B2B (business to business) trade is expanding more and more rapidly in Hungary. Betwen 2013 to 2015 the annual average of proposals increased by nearly 10 percent,...
Read more
The transit time of packages can be even fifty days during the Christmas season
The transit time of packages can be even fifty days during the Christmas period. The National Tax and Customs Administration (NAV) and the Magyar Posta (Hungarian Post) wrote in a...
Read moreInternetKon: building out free wifi and VAT rate cut was proposed to the government
On the basis of the national consultations on the Internet (InternetKon), the Internet users proposed the reducing of VAT on Internet to 18 percent and free wi-fi service at all...
Read more
Foreign trade surplus of the euro zone increased in September
According to the first estimate released by Eurostat, the European Union’s (EU) statistical office, eurozone’s trade surplus increased in September. The surplus in goods trade was 20.5 billion euros (22...
Read more
One in twenty founding companies will be successful
Tens of thousands companies are established by domestic entrepreneurs every year in Hungary, but almost forty percent of them proves to be short-lived, and only every twentieth will produce acceptable...
Read more
Bakers baking for people in need
On 16 October the Hungarian Baker Association organised its World Bread Day event for the 15th time. Many bakeries all over Hungary were distributing bread and other baked goods to...
Read more
New survey on trademarks
‘HUNGARIAN PRODUCT’ Nonprofit Kft. organised a partners meeting to share the results of their latest consumer survey. Managing director Attila Kecskeméti underlined that 80 percent of respondents buy products made...
Read more
The old fee returns
Hungary’s government decided against the new food chain supervision fee and this means that the former 0.1-percent fee returns – reported portfolio.hu. Shops with a smaller turnover mightn’t be happy...
Read more
Sweetener is most accepted as a soft drink ingredient
A survey conducted on sweeteners by Szinapszis this summer found that the proportion of conscious buyers increased in the soft drink, fruit juice, confectionery and fruit product categories, in terms...
Read more
Magazine: Skin care matters even more in cold weather
Women’s skin care is a category that full of challenges, because the market of widely used products is in stagnation. Economic recession made the category suffer, as body care isn’t...
Read more
The impact of the Black Friday and the Sunday store closure on domestic e-commerce
The Christmas season begins with the Black Friday in e-commerce, while despite the Sunday store closure we still not buy more online – according to the joint Online Retail Index...
Read more
Cofidis: the Hungarian households intend to spend an average of 43 thousand HUF for Christmas expenditure
The Hungarian households intend to spend an average of 43 thousand HUF for Christmas expenditure this year, of which 29 thousand HUF is planned to be spent on gifts, only...
Read more
The NGM is working on an agricultural lending stimulus package
The government is working on an incentive package to assist agricultural enterprises to get loans, in accordance with EU financial regulations – Hornung Ágnes, Minister of State for Finance in...
Read moreThe utilization of logistics real estate in Budapest has improved
14.2 percent of urban logistics real estate in the area of Budapest was empty at the end of the third quarter. A year ago this ratio was almost 20 percent...
Read moreThe marketing of e-cigarettes to be tightened
The government would tighten the marketing and the use of electronic cigarettes. According to a bill, such thing cannot be bought via the Internet in the future – the Deputy...
Read moreNatural-foods and wines at the Millenáris
More than one hundred natural-wines of about thirty producers from the Carpathian Basin, will be available to taste at the 5th Mitiszol festival on Saturday in the Millenáris Park, where...
Read moreAccording to archaeological finds, humans are keeping bees for almost 9,000 years
Traces of beeswax found on ancient pottery from Europe, the Near East and North Africa suggest the first farmers kept bees. The research, published in Nature, shows our links with...
Read more
Cooperation between GVH and OGYÉI
The Hungarian Competition Authority (GVH) and the National Institute of Pharmacy and Nutrition (OGYÉI) have signed a cooperation agreement. In the future the two organisations will help one another in...
Read moreWeak global growth in the next two years due to China and the emerging economies
Global growth will be lacklustre over the next two years as the slowdown in China and other emerging markets continues to weigh on the world economy, Moody's Investors Service said...
Read moreKSH: agricultural procurement prices have risen for the first time for two years
In September, the producer prices were 1.2 percent higher than a year before and thus they rose for the first time since June 2013 on a year on year comparision....
Read more
Nearly 100 groceries have entered the Budapest Nagybani Piac program already
In September 2015 the Budapest Wholesale Market (Budapest Nagybani Piac) has launched a program called “Fresh from the Nagybani”. The program emphasizes those fruit and vegetable specialist shops that buys...
Read moreCooperation between the large breweries and the micro- breweries
In order to increase the supply, a cooperation has been established between the large-scale breweries and the micro- and craft breweries for this year's Főzdefeszt – Bart Dániel, director of...
Read more
Billions have been spent on purchasing online within minutes during the “singles day” in China
Chinese consumers spent a record 91.2 billion yuan (14.3 billion USD, 9.4 billion pounds) online during the 24 hours of Singles Day this year, cementing the e-commerce extravaganza as the...
Read moreAlcohol consumption decreased in Slovakia
The per capita alcohol consumption in Slovakia shows a downward trend – the pluska.sk Slovak news portal wrote on its website referring to the current statistics of the Organisation for...
Read more
