Market News
Demand for Hungarian wine in foreign markets
In the first half of 2015 Hungarian wineries exported 349,000 hectolitres of wine, 5.2 percent more than a year earlier. This represents a EUR 40-million value, which is 9 percent...
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EU restarts payment
After 5 months of debates the European Commission decided to restart payment in the first three priorities of the Economic Development Operative Programme (GOP). Hungary received HUF 210 billion for...
Read moreThe state can win 20 billion, while the chains can lose 40
The state can achieve at least twenty billion HUF tax revenue, if the large supermarket chains would be required to employ vendors to every seventy square meters, regardless of whether...
Read moreA double-digit growth in the online advertising market
The domestic digital advertising market achieved a double-digit growth in the third quarter – the IAB Hungary told MTI. According to IAB Hungary, between early July and late September, the...
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Online Cash Registers may be introduced in the case of other service providers
The government is preparing further steps to fight against the black economy. Such steps will be the launch of the electronic billing system, as well as the introduction of the...
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Illegal alcohol plant in Kecskemét
An illegal alcohol plant was found by the finance guards of the National Tax and Customs Administration (NAV) in Kecskemét. At the illegal alcohol plant almost one hundred thousand liters...
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Eeco-labeled products to be promoted
Tripartite Environment Minister partnership agreement was signed between the Ministry of Agriculture (FM) and the CO-OP Hungary Zrt. and the Environmentally Friendly Products Nonprofit Kft. on Thursday in Budapest. According...
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New investor buys Mall.hu
International investment firm Rockaway Capital announced acquiring a 100-percent share in Netretail Holding B.V, owner of the MALL brand. This step makes the company one of the biggest e-commerce enterprises...
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Rapid salmonella detection
A US company called BioDetection Instruments is developing a portable device for testing food quality and detecting salmonella infection. The device would primarily be used to test ready-to-go food. Presently...
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Bioenergy from Vajszló
As a result of a HUF 1-billion development project by Ormánsági Zöldenergia Kft., a 637-kilowatt power plant was built in Vajszló. The new plant’s annual production capacity is 4.5 gigawatt...
Read moreIn trade everyone must pay a food safety supervision fee
The food safety supervision fee’s 0 percent band to be ceased, so in the future everyone must pay a food safety supervision fee in trade – due to EU complaints....
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The Nébih to test the Christmas seasonal foods
The National Food Chain Safety Office (Nébih) organizes a series of seasonal inspection before the Christmas holidays. The investigations will affect seasonal products, connected to the Christmas holidays and the...
Read moreNegotiations about the simplification of the Common Agricultural Policy
The EU Agriculture and Fisheries Council negotiated in Brussels about the simplification of the Common Agricultural Policy and about the significant reduction in the relevant legislations. Czerván György Minister of...
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GDP growth slowed in the euro area
The growth rate of gross domestic product (GDP) decreased in the euro area, while in the EU did not change in in the third quarter, compared with the previous three...
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Container distribution centre to be built in Csepel
In April logistics company METRANS Kft. announced building their Budapest-Csepel terminal, which will open in 2017 and employ 200 people. On 22 October Minister of Foreign Affairs and Trade Péter...
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New ways in marketing
According to a joint survey by IBM and CMO Club, large companies’ marketing activity has entered a new era: the emphasis is shifting from acquiring customers to keeping them, adopting...
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Grand Prix for DanOn
DanOn programme was rewarded in the CRM and e-CRM categories at the consumer marketing Grand Prix of French magazine Stratégies. Danone first launched its international CRM programme in Hungary, creating...
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Nielsen: Hungary’s food retail sales increase continues to be on podium
Hungary is on podium again in the ranking of the European food retail growth. In Hungary, the retail revenue rose by 5.8 percent from foodstuff and household chemical products in...
Read moreAnalysts: the slowdown in growth is appropriate to the expectations
The slowdown in economic growth in the third quarter is appropriate to the expectations – according to analysts polled by MTI, who expect a growth below 3 percent throughout the...
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Russian economic relations are changing
There is still a possibility of delivering Hungarian products to the Russian market, but compared to the period before the embargo Hungary should focus on other sectors – Ducsai-Oláh Zsanett,...
Read moreGfK: slowing the growth of long-term technical goods market
The sales of durable technical goods increased by 3.0 percent in this year's third quarter compared to the same period of the last year in Hungary. The total turnover amounted...
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Consumer prices rose in the euro zone and stagnated in the EU
According to the data, the EU’s harmonized index of consumer prices (HICP) in the euro area was 0.1 percent in October after the 0.1 percent decline of September in an...
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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...
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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...
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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,...
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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...
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