Market News
30 tons of food in the anniversary donation convoy
In the middle of October the Hungarian Food Bank Association and FAO organised a donation convoy, which travelled through the city centre of Budapest to take 30 tons of donation...
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ÉFOSZ and the Association of Confectionery Manufacturers suggest partnership
A paradigm shift has become inevitable in public health – it was revealed at the conference organised by the National Institute for Health Development (NEFI). Hungarians are still less healthy...
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Magazine: Hungary’s packaging industry produces international quality
Statistical data from the Hungarian Association of Packaging and Materials Handling (CSAOSZ) reveal that the packaging industry’s turnover was HUF 482 billion in 2014, HUF 15 billion more than in...
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GfK purchasing power: a huge gap between Europe's north-west and south-eastern part
Purchasing power in Europe climbed by around four percent this year. But purchasing power levels vary substantially across the continent and within the 42 individual countries considered by GfK’s study....
Read moreMNB: food prices also increased inflation
In October, the annual inflation rate was 0.5 percent higher, while core inflation was 0.2 percentage points higher than in the previous month. The rise in inflation was because of...
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The National Association of Agricultural Economics and the Moving Market signed a cooperation agreement
The National Association of Agricultural Economics and the Moving Market Programme (Mozgó piac program) signed a strategic cooperation agreement on Tuesday. The Chamber of Agriculture said in a statement that...
Read moreMedium fish harvest in Tolna County
The fish farms in Tolna county expect a medium fish harvest that will be similar to last year’s amount. This year, the Polish market can improve the export opportunities. Csibi...
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Unicum’s new promotional film quotes the heroic age of the Hungarian history
Corps equipped with whips, multi-meter sturgeons, the Parliament and Hajós Alfréd in a movie. The new promotional film of Zwack Unicum evokes the past 225 years of the outstanding heroic...
Read more92 percent of the corn is in the granaries
The harvesting works are approaching to the end in Zala county. More than 90 percent of the corn produced on 40 thousand hectares have already been transported to the granaries....
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The consumer protection authority tested baby chairs, diaper tables and diapers
The Hungarian National Consumer Protection Authority (NCPA) tested baby chairs, diaper tables and diapers. Two out of five baby chairs and one out of ten diaper tables did not meet...
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Million HUF fine for the marketing of fake foie gras
The National Food Chain Safety Office (Nébih) obliged a company immediate to recall its frozen duck liver products labeled as foie gras. More than two tonnes products were placed under...
Read moreSlovaks have higher purchasing power than the Czechs
The Slovak citizens have higher purchasing power than the Czechs – the independent Pravda of Bratislava reported on Tuesday citing the analysis of the GfK market research institute. According to...
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MLSZKSZ: mass migration increases logistics costs
Mass migration and the measures imposed (temporary border closings, limiting rail freight transport, etc.) because of it by the European Union’s member states pose great challenges to logistics service providers...
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Hungarian road transport firms may become more competitive
On 28 October members of NiT Hungary (International Transporters’ Guild of Private Entrepreneurs) discussed the government’s 16-point plan to increase the competitiveness of logistics, road freight and passenger transport businesses...
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Magazine: Milk as a magnet
The price of raw milk has dropped considerably this year because of two reasons: the European Union lifted milk quotas and this created an oversupply in the market; and because...
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FruitVeB: 100 thousand tonnes less vegetables has grown
About 100 thousand tonnes less vegetables has grown this year, compared to last year. This year 1.7 million tonnes of vegetables are expected to be harvested – the President of...
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The growing area of the red pepper is decreasing rapidly
Despite the more and more support, the pepper market is in crisis. The ministry that is keen to support Hungaricums seems to be helplessly watching as fewer and fewer ground...
Read moreThe recovery of domestic demand increased imports
Analysts polled by MTI explained the 7.386 billion euros import data of September, with the recovery of the domestic demand. In September, imports grew by 8.2 percent to 7.386 billion...
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The Ministry of Agriculture would increase the support on hungaricums
The agricultural ministry intends to increase the annual support on hungaricums in the coming years, – the Minister of Agriculture said on Monday in Budapest, at the opening of the...
Read moreThe Internet users are thinking about less, but more expensive gifts
The Internet users are thinking about less presents, but more expensive gifts, while the amount for a gift increased by nearly 12 percent increase – the online survey of Árukereső.hu...
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KSH: export surplus amounted to 814 million euros in September
In September, the value exports in euros was 5.6 percent higher than in September 2015, while the value in imports was 8.2 percent higher than in the previous year. The...
Read moreX-ray showed hidden cigarettes under the iron ore
The finance guards of the National Tax and Customs Administration (NAV) found 22 million HUF worth contraband cigarettes in a freight train came from Ukraine. Dávid Zoltán press officer of...
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The Turkish national drink was violated verbally
The Turkish Customs and Trade Ministry fined a state owned company for 220 thousand Turkish liras (22 million HUF), because the company with an ice tea advert “violated” the ayrant,...
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Hungarians spend more using their bank cards when on holiday
Hungarian Visa card owners spent almost HUF 4 billion more abroad this summer – Visa Europe revealed at the end of September. In the June-August 2015 period Hungarians spent nearly...
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David Allen will held two lectures in Budapest
The world's most popular time management guru David Allen will held two lectures in Budapest. The world-famous American writer and self-efficacy advisor arrives to the Hungarian capital on the occasion...
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Dairy products: value sales grew
Value sales of the fourteen dairy product categories audited by Nielsen grew 2 percent to HUF 187 billion in the December 2014-July 2015 period. As for the performance of dairy...
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Sales up 6 percent on average
Combined retail sales of spirits in the nine categories audited by Nielsen amounted to HUF 47 billion, growing by 6 percent in December 2014-Jul 2015. Bitter (15 percent), pálinka (14...
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Magazine: Tax levied on ‘feelings’
At the end of the year spirits are among the most popular gifts – the category realises 15-20 percent of annual sales in this period. However, the introduction of the...
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Nielsen: the value and volume of food retail increased as well
The food retail trade achieved a turnover of close to 1,300 billion HUF, between December 2014 and September 2015 in the ninety product categories measured by Nielsen; 5 percent more...
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FruitVeB: third less fruit grown than last year
It is estimated that about 30 percent less less fruits grown this year than last year – the president of the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) told MTI...
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