Market News
NAV: 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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Tokaj Kereskedőház Zrt.: more than 17 billion HUF development by 2017
The state-owned Tokaj Trading House Plc. completely transforms and develops the winery from an amount of a total of about 17.1 billion HUF. The first phase, the new bottling plant...
Read moreBudai Gyula: Hungarian wines are becoming more and more popular in Germany
Hungarian wines are becoming more and more popular in Germany, the data of the Hungarian Harvest in Berlin series of events show. More and more people visit the Hungarian Harvest...
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Pine trees will not become more expensive this year
The sales of pine trees will begin from the end of next week. The prices remain unchanged from the previous year – Biza Klára, the Chairman of (Maker) Chairman of...
Read more42 thousand packs of cigarettes were destroyed by the NAV
The National Tax and Customs Administration (NAV) destroyed 42 thousand packs of cigarettes in Nyíregyháza on Thursday. The cigarettes were seized by the staff of NAV from smugglers. Suller György...
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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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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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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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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...
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Winners of the 32nd HUNGAROPACK Hungarian Packaging Competition
At this year’s HUNGAROPACK Hungarian Packaging Competition the Save Food prize was awarded for the first time, to reward food packaging solutions which can contribute to reducing food waste. There...
Read moreThe share of domestic food products will not increase without the meaningful support for the entire food industry
The National Food Processors Association (ÉFOSZ) organized a public roundtable discussion in Budapest about the challenges and the future of the industry. The food industry players are calling for unity...
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According to the Hungarian Turkey Association the high VAT inhibits consumption
The Hungarian Turkey Association has organized its annual professional conference for the third time, where the major issues of the poultry and turkey industry were discussed. At the event, it...
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Drastic decline: this year's apple crop reduced by half
This year's apple crop was lower than it was expected. Because of the drought, compared to last year’s nearly 900 thousand tons this year only 450 thousand tons of apples...
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The Food Bank collects Christmas donations in three hundred stores
The Hungarian Food Bank Association organizes its traditional Christmas food donation campaign in 2015 again. It is a novelty that from this year for the first time, the campaign lasts...
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The FM would register the Chimney Cake as a Traditional Special Product
The Ministry of Agriculture (FM) acts for EU registration of Chimney Cake as a “Traditional Special Product” – the ministry told MTI on Wednesday. The registered name can be used...
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Consumer confidence improved in the USA
Consumer confidence improved in the USA in November – according to the final data of the Reuters and the University of Michigan. According to the regular monthly survey published on...
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