Market News
We produce nearly 2 million tonnes of food surplus each year
In Hungary, we throw away nearly 2 million tonnes of food each year. The Food Bank aims to save the food surplus and deliver it to people in need. The...
Read moreIKEA increased its sales in Hungary by nearly 15 percent
Compared to the previous fiscal year, the IKEA increased its sales revenues in Hungary by 14.6 percent to 47.01 billion HUF in 2015 – Marek Feltl, leader of the company...
Read moreItalian cigarette smuggler was caught
An Italian man tried to smuggle over 14 million forints worth cigarettes from Hungary, but was caught by finance guards at the Hungarian-Croatian border crossing at Letenye. Joó Hilda, press...
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Leasing companies to join the financing scheme
Leasing companies can also join the agri-business financing programme in the EU budgetary period that lasts until 2020. Until 2020 there will be an annual budget of HUF 628 billion...
Read moreNGM: retail sales growth of around 5 percent is sustainable
Hungarian retail closed an exceptionally good year in 2015. Such an increase has not seen for more than 10 years – Lenner Áron Márk, Deputy Ministerof State of the National...
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The fruit and vegetable sector is waiting for the VAT reduction
Many market players think that about 60 billion HUF falls out of the budget annually because of VAT frauds – Magyar Nemzet Online wrote. The Vice President of the interbranch...
Read moreRetail sales grew rapidly last year in the Czech Republic
Last year, retail sales rose by 5.9 percent in the Czech Republic. Sales growth was so high as in 2008 – the Czech Statistical Office announced on Thursday in Prague....
Read moreIncrease in air freight and passenger traffic in 2015
The International Air Transport Association (IATA) announced global passenger traffic results for 2015 showing demand (revenue passenger kilometers or RPKs) rose 6.5 percent for the full year compared to 2014....
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VHT takes steps to raise meat consumption
The Livestock and Meat Interprofessional Organisation and Marketing Board’s (VHT) objective is to increase per capita pork consumption by 5kg by 2020. Conditions are given as due to the Russian...
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AKG calculator
The environmental management for agriculture (AKG) calculator is already working on the NAK website. As part of the Rural Development Programme (VP), farmers could apply for AKG funding between 7...
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Food safety guaranteed
There were almost 400 participants at the IFS Food Safety Conference in Budapest at the Corvinus University on 5 November. Before the speakers took the floor IFS business development consultant...
Read moreKSH: retail sales rose by 5.5 percent in 2015
Together with the 5.0 percent increase in December 2015, the annual retail trade turnover growth was 5.5 percent higher than in the previous year, when it was 5.2 percent. The...
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Nébih and the Dairy Product Council signed a cooperation agreement
In order to protect the high-quality Hungarian dairy products, the National Food Chain Safety Office (Nébih) and the Milk Interprofessional Organization and Marketing Board signed a long-term cooperation agreement –...
Read moreCellars may overflow
According to the International Organisation of Vine and Wine (OIV), the world's wine production was about 275.7 million hectoliters in 2015. World wine production increased by two percent in 2015,...
Read moreThe gap is closing between the US and European prices
The futures price of corn gets closer and closer on commodity exchanges in the US and Europe in January. The decline lasting for months has continued in Europe and in...
Read morePublic Workers into the trade!
The National Economy Ministry launched its Public Workers into the Private Sector program on 1 February. According to the plans 20-25 thousand public workers will switch to the primary labor...
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Hungarian seed market trends
The price of the seeds of the spring cereal crops is a net 97 thousand HUF per tonne price – the Seed Association Interprofessional Organization and Marketing Board published for...
Read moreRomanian retail sales grew by 8.9 percent last year
Romanian retail sales volume grew by 8.9 percent last year , compared to the previous year – the Romanian national statistical institute announced on Wednesday. The increase is mainly due...
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Stress resistant stock markets
After the 13 November terror attack in Paris many analysts say stock markets may fall sharply should the attacks continue. Due to the constant threat people might stay at home...
Read moreGKI: Deceleration continues in 2016
After a number of weak years, the development of the Hungarian economy in 2014 was the second fastest in the EU. GDP growth was above-average in 2015 as well; however,...
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In the European top three once again
Like-for-like FMCG value sales improved by 5.8 percent in Q3 2015 in Hungary. This performance was the third best in Europe, behind Turkey’s 12.4 percent and Austria’s 5.9 percent. According...
Read moreKSH: food exports in November increased by 7.7 percent
Hungary’s external trade surplus decreased by €22 million in year-on-year terms in November, to €687 mln, with the export volume growing by 8.4% and the import volume increasing by 11.2%,...
Read moreVHT: the impact of the VAT reduction appeared in the pork prices
According to Németh Antal, chairman of the Livestock and Meat Marketing Board and Interprofessional Organization (VHT), the impact of the VAT reduction appeared in the pork prices, but not to...
Read moreBisnode: The number of liquidations was record low last year
The number of liquidations was record low last year in the Hungarian company world: while in 2014, more than 17,500 proceedings were initiated, last year only less than 10 thousand:...
Read moreCigarette smuggler crashed
A cigarette smuggler crashed after a chase near Apagy with a twenty-seven million HUF worth cigarette shipment. Magyar Norbert, press officer of the Nationmal Tax and Customs Authority’s Szabolcs-Szatmár-Bereg county...
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NAK: the new site of the chamber will be available soon
The National Agricultural Chamber’s (NAK) new customer-friendly website serving all needs will be available within weeks – the NAK told MTI on Tuesday. According to the Communication, the site is...
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The reduced VAT would be beneficial to other sectors
The price of pork spectacularly declined in recent weeks, in addition that live pig prices also fell, the VAT reduction came into force on 1 January seems to be successfull....
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Hungary offset the Russian embargo with new markets
Hungary successfully offset the Russian embargo on the Hungarian agricultural and food products by exploring new markets – Budai Gyula, Ministerial Commissioner of the Ministry of Foreign Trade and Foreign...
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A decrease in the Hungarian banana exports, domestic demand increased
Consumers prefer bananas after apples in Hungary. According to the data of the Central Statistical Office (KSH) Hungary’s banana imports has increased by 32 percent to 56.3 thousand tonnes between...
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