Market News
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...
Read moreCzerván: wine producers expect a better than average vintage
The wine producers expect a better than average vintage, based on the quantity and quality of the grape harvest – Czerván György Minister of State responsible for agri-management said in...
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Online cash registers: the NAV imposed two billion HUF fines
Due to abuses in terms of online cash registers, the National Tax and Customs Administration (NAV) imposed two billion HUF fines – the Világgazdaság Online wrote after Magyar Idők. Kis...
Read moreThe leasing companies will also be involved in the financing of investments in agriculture
In the EU budget cycle that lasts until 2020, 628 billion per year will be available for the support of agriculture, of which 80 percent will be available for investments...
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The Christmas season starts online
The range of gifts will not change significantly, mostly various books, toys, electrical goods, computers, electronics sorts of clothing, household equipment will be under the Christmas trees. Toys are the...
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The Hungarian Highlands Depository has been established
With the support of the Ministry of Agriculture, the Civic Association of Farmers organized a conference titled Hungarikum and the Hungarian values of the Hungarian Highlands in Fülekpüspöki. At the...
Read moreCloser agriculture ties between Kazakhstan and Hungary
Nagy István, Parliamentary Minister of State of the Ministry of Agriculture (FM) negotiated with Szaparhan Keszikbajevics Omarov Kazakhstan’s Deputy Minister of the Agricultural Ministry to tighten agriculture ties between Kazakhstan...
Read moreRetail sales rose by 5.5 percent in the Czech Republic in September
Retail sales rose by 5.5 percent in the Czech Republic in September on an annual level. The index was 3.3 percent in August – the Czech Statistical Office announced on...
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Another big growth in television advertising spending
Between December 2014 and July 2015 tea sales were above HUF 8 billion in value. Value sales rose 1 percent but volume sales fell 2 percent. Manufacturer brands realised 84...
Read morePork is their trademark
On 2 September György Osvay, the CEO of Szerencs Agriculture Zrt. and Dr Antal Németh, the president of the Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) ceremonially signed...
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Interpreting the advertising law
As of 4 July 2014 the Hungarian parliament amended the Advertisement Act (Act 48 of 2008) with Act 72 of 2015 (Budget Act). In order to see clearly in the...
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Magazine: Trendy new gifts and evergreens
The advertising, promotional and business gift industry keeps evolving and innovating, so there is no shortage of new products in the market. Economic recession has consolidated the market and now...
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