Market News
Improved consumer sentiment in the US
Consumer sentiment has improved substantially in October in the United States – according to the consumer sentiment index of the University of Michigan and Reuters. The October consumer sentiment index...
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Interactive consumer protection
On 17 September the Hungarian Authority for Consumer Protection’s (NFH) programme series (financed by the EU and ERDF) arrived at the Auchan store in Budaörs, to educate consumers about what...
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WHAT IS NEUROMERCHANDISING? … and how can I use it? – invitation to a workshop
Would you be interested in a workshop where you can learn something new? (Yes, even you who have participated in several workshops and trainings because of your work) Would you...
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Nielsen: shops next to gas stations have increased their revenues
Carbonated soft drinks, energy and sports drinks and beer are the three most traded products in the stores attached to domestic gas stations. The stores of the gas stations have...
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FM: the production of high-protein feed need to be increased
The government has set a goal to expand the production of GMO-free soya-based high-protein feed in Hungary – Feldman Zsolt, Deputy Minister of State said in Ulm, at the an...
Read moreAnalysts expected more from the German retail
German retail sales in September became much less favorable than expected. According to the preliminary data of the Federal Statistical Office (Destatis) released on Friday, the volume of retail sales...
Read moreThe University of Debrecen did not perform honey certification tests
The University of Debrecen (DE) denies that they tested parameters that are used to taken into account in assessing honey. Takács Ferenc beekeeper from Kaposvár did not ask the university...
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More than 50 tons of expired confectionery materials were found in Budapest
At an enterprise specialized to supply confectioners and bakeries a total of 53 tons of expired, unlabelled, improperly stored products were found. The Pest County Government Office ordered the destruction...
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A digital assistant from Facebook
At the end of summer Facebook started testing its digital assistant. This artificial intelligence tool, simply called M, is a virtual assistant who can book a table in a restaurant...
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More loan schemes to satisfy the needs of the FMCG sector
László Kálmán, the head of Erste Bank’s SME business line told that a large proportion of their customers are from the FMCG sector, therefore they are familiar with the special...
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Magazine: The risk is eliminated
Factoring services make life easier to plan and safer in general for SMEs. According to K&H’s expert Attila Bocsó, in the dynamically changing market environment it is of major importance...
Read moreKSH: retail sales increased by 4.6 percent in August
In August, the volume of retail sales rose by 4.6 percent from a year earlier, according to the calendar adjusted and raw data, which is 0.1 percentage points lower than...
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GKI Digital: the online retail in numbers
The GKI Digital has created the infographics containing the most important data of the domestic online retail. The data are derived from the GKI Digital’s own 2015 corporate and household...
Read moreLázár: the government would introduce a new special tax on tobacco
The Hungarian government recommends the introduction of a special tax in the tobacco industry. The particularly damaging tobacco products would be taxed with a further 4 HUF per cigarette –...
Read moreThe NAK received WHO’s classification uncomprehendingly
The National Association of Agricultural Economics (NAK) received the International Agency for Research on Cancer’s (IARC) and WHO’s classification uncomprehendingly, which assessed the meat products as carcinogenic risky. The consumption...
Read moreNGM: the August slowdown was only temporary in retail
In the first eight months of the year, the volume of retail increased by 6 percent, which adjusts to the other growth trends of the Hungarian economy. The August slowdown...
Read moreThe price of this year's vintage wines may increase by 10-15 percent
More and better-quality grapes grown this year, but due to rising costs and improving quality, the purchase price of grapes also increases. That is why this year's vintage wines may...
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Eco-labeled products to be promoted
The Ministry of Agriculture (FM), the CO-OP Hungary Zrt., and the Environmentally Friendly Products Nonprofit Kft. (Környezetbarát Termékek Nonprofit Kft.) signed a tripartite partnership agreement on Thursday in Budapest. Tóth...
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Economic sentiment in the euro zone improved further in October
In October, the economic sentiment improved in the euro zone, although the European Central Bank has repeatedly warned that China’s and other emerging countries' economic slowdown may halt the recovery...
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The Hungarian National Trading House opened its first representation in Serbia
The key objective of the Hungarian Government is to increase its economic presence in the neighboring countries – including Serbia as well – not only in trade but also in...
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Tax forgers were detained
Tax forgers were detained by the financial investigators of the National Tax and Customs Administration (NAV) in Budapest and Tatabánya. The suspects (managing directors of companies in Budapest and Tatabánya)...
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Two-digit growth in average price
Retail sales of baking additives were worth almost HUF 4 billion in the December 2014-July 2015 period. Like-for-like value sales were up 7 percent and volume sales improved by 1...
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Delicious baking ingredients
Baking and cooking in the Christmas period involves using tasty ingredients such as poppy seed, various types of nuts and dried fruits. The category’s leading company, Gilan Trading Kft. offers...
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Shopping experience for retail buyers
Retail chain Target (USA) developed an online platform for retail buyers, called RangeMe. The new solution makes it possible for suppliers to upload product photos, parameters, related information, videos and...
Read moreThe previous level of the food chain supervision fee to be restored
In accordance with last week's news, the government really gave ground in connection with the food chain supervision fee. According to the bill, the previous flat rate of 0.1 percent...
Read moreThe ministry would introduce the indication on GMO-free products
On a voluntary basis, there would be an indication on food packagings, labels and in advertisings that the product derives from GMO-free production – the Minister of Agriculture’s draft regulation...
Read moreMandatory staff increase in retail trade
According to a draft law, the department stores over a floor area of 400 square meters should double the their manpower – the Magyar Idők wrote on Wednesday. According to...
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This year’s season product campaign starts with the promotion of apples
This year’s season product campaign starts with the promotion of apples, followed by poultry products, wine and fish in the consumption incentive campaign of the agricultural marketing directorate of the...
Read moreWorld wine production increased by two percent this year
The world's wine production this year is expected to grow by two percent to 275.7 million hectoliters. Italy will be the largest producer, followed by France and Spain – the...
Read moreThe European Parliament opposes national bans on GMO-food imports
The European Parliament rejected a draft law that would give individual countries in Europe scope to ban imports of genetically modified food and animal feed, potentially killing an initiative that...
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