Market News

KSH: retail sales increased by 4.7 percent in August

The volume of retail sales increased by 4.7 percent, compared to a year before in August – according to both the raw and calendar adjusted data – the Central Statistics...

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Every year, more and more Hungarian nuts are consumed in the world market

This year Hungary can conduct more than ever nut graft sales, including the Magyar Kertészeti Szaporítóanyag Nonprofit Kft. (MKSZN), one of the major distributor of Eastern Europe, which sold approximately...

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Tobacco farmers should hurry if they want support

The tobacco producers have the opportunity to log in into the Agriculture and Rural Development Office’s new restructuring program until 7 October 2015. It is important for the tobacco producers...

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The greening time limit expires this week

The European Commission decided after a number of Member States' proposals that further amendments will be made to the greening system in the spirit of simplification. So at the end...

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Romanian retail grew over six percent

In the first eight months the Romanian retail sales grew by 6.2 percent, compared to the same period of the last year – the Romanian national statistical institute announced on...

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State lands should not be sold

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Magazine: Tobacco products from a single distributor

Tabán Trafik Zrt.’s consortium has been given the rights for operating the new central tobacco product supply system in controversial circumstances. This story may continue in Brussels, but at the...

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Soproni ‘It is more fun to drink it together’ summer promotion – Own Beer Festival 2015

This promotion was realised between 15 June and 20 August 2015 to support sales of Soproni beer’s classic bottle version in the retail and Horeca channels. Those who purchased the...

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Tokaj Trading House builds bottling plant

State-owned wine company Tokaj Trading House is building a cutting edge bottling plant. In the first stage of the project they built a 66,000-hectolitre capacity tank hall from HUF 2.5...

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MNKH: flagships sailing towards new horizons

Zsanett Ducsai-Oláh has been the CEO of the Hungarian National Trading House Zrt. (MNKH) since this spring. She told Trade magazin that MNKH’s primary objective is to assist internationally competitive...

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The renovated Klauzál square Market Hall opened its doors

On 2 October the renovated Klauzál square Market Hall opened its doors. The Market Hall aims to supply the population of the 7th District as well as to improve the...

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The Hungarian cabbage is increasingly popular in Europe

More and more European countries are looking for quality Hungarian brassicas. Experts expect an increase in domestic – health conscious – consumption as well as the incentive effect of the...

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NGM: the expansion of the food industry also contributed to foreign trade

Vehicle exports, as well as the performance expansion of the pharmaceutical and food industries also helped the foreign trade dynamics in the first seven months of 2015 – Marczinkó Zoltán...

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Deutsch Tamás proposes to reduce the VAT on Internet to 18 percent

Deutsch Tamás proposes to reduce the VAT on Internet from 27 percent to 18 percent, on the basis of the data of the results of national consultations on the Internet...

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Food Avalanche won the first prize for the most successful partnership cooperation

The Food Avalanche program of the Hungarian Food Bank Association and the Syngenta received the first prize in the category of the most successful partnerships at the Social Investment Awards...

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The Pécsi Cuvée and the Szekszárdi Bull's Blood have become the wines of the University of Pécs

The 2014 vintage “Pécsi cuvée” white wine of the Batthyány Cellar and the 2012 vintage ” Tüke Szekszárdi Bull's Blood” red wine of the Eszterbauer Kft. won this year's competition...

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Eight trucks of milk and four trucks of sugar were seized by the NAV

According to the data gathered so far the members of chain of groups cheated more than 700 million HUF VAT with trading milk, sugar and cooking oil. The finance officers...

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Heineken continues its expansion in India

Heineken has acquired a 3.21-percent share for USD 138 million in Indian company United Breweries Ltd. This brewery is the manufacturer of Kingfisher. The group now owns 42 percent of...

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Grocery retail in top form

In the December 2014-May 2015 period grocery retail sales amounted to HUF 750 billion in the 90 categories audited by Nielsen. In value sales were 4 percent higher than in...

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Magazine: What we are proud of

Cserszegi Fűszeres Made using reductive technology, this is a fragrant wine with characteristics similar to those made from Irsai Olivér grapes. A spicy, light and elegant wine, with harmonic acidity....

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Hungarian pork exports continue to grow in China

The Certification and Accreditation Administration of the People's Republic of China gave permission for another two Hungarian companies to deliver pork to China. The two companies are the Pick Szeged...

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Fitch: the big emerging economies pull the world economy back

In its latest Global Economic Outlook (GEO) Fitch Ratings forecasts the global economy will grow by just 2.3% in 2015, the weakest since the global financial crisis in 2009, dragged...

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The Nébih tested special salts

The National Food Chain Safety Office (Nébih) tested special salts – for example, iodinated, fluorinated or reduced sodium content salts. As the result of the investigation public proceedings were initated...

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GfK: the mobile internet is spreading rapidly

Internet usage on phone or tablet is increasingly shifting towards mobile internet technology; Last year, 23 percent of users have used most of this modality, and the stationary wifi hotspots...

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Increasing Purchasing Managers' Index

The seasonally adjusted value of the Purchasing Managers' Index (PMI) was 55.8 points in September, 4.8 percentage points higher than in August. The respondents evaluated the economic processes more favorable...

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Consumer protection fines may decrease if the company is trying to comply with the law

The Competition Authority (GVH) can soften the fines in consumer protection cases, if the business justify its substantive efforts to ensure regulatory compliance – the Hungarian Competition Authority (GVH) on...

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The VAT on several basic foods will decrease in Slovakia from January

From next January, the VAT on several basic foods will decrease in Slovakia from 20 percent to 10 percent – the bill was approved on Thursday by the parliament. The...

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Eurostat: for 2080 almost one third of the EU's population of will be over 65

The European Union (EU) population is steadily aging. While in 2014, 18.5 percent of the total population was over 65, by 2080 this proportion is expected to reach 30 percent...

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Cheese to be made from powdered milk in Italy too?

The European Commission would like Italy to end the ban on the use of milk powder, condensed milk and reconstituted milk in manufacturing cheese and other dairy products. The Italian...

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Non-salary benefits

For benefits offered as a package the so-called ‘HUF 500,000 rule’ is discontinued and the concept of the framework sum is introduced, together with the recreational framework sum. In the...

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