Market News

FM: agriculture's second quarter weakness is due to individual effects

According to the Ministry of Agriculture, behind the second quarter’s weak agricultural performance individual effects can be found. The long-term prospects for the industry remain favorable. The Ministry of Agriculture...

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Hungarian white wines are preferred more than reds abroad

This year, Due to tightened controls on wine a change is apparent in the structure of the Hungarian wine traffic. Hungary’s wine import in the January-May 2015 period dropped by...

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Analysts: faster-than-expected increase in retail trade

Retail sales increased faster-than-expected in July, according to analysts polled by MTI, who commented on the data released on Thursday by the Central Statistical Office (KSH). According to the first...

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Romania: a two step VAT reduction in next two years

After the Senate, the Romanian Parliament also voted for the next year’s new tax bill on Thursday. According to the new bill, the Value Added Tax (VAT) will be reduced...

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The chocolate pralines withdrawn from circulation can cause severe allergic reactions

The National Food Chain Safety Office (NÉBIH) told MTI on Friday that an alert arrived on September 3 on Thursday night through the European Union’s the Rapid Alert System for...

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Jam factory in Környe

Környe will be the home of a new jam factory, where only flavouring- and preservative-free jam will be produced. A 300m² plant and a 500m² cold storage facility will be...

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Biomass-processing plant inaugurated in Kaba

At the Kaba premises of Evonik Agroferm Zrt. a new HUF 1.5-billion biomass-processing plant started working. 51.3 percent of the budget was the company’s own financial resources and the rest...

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Start of the 2015 school year

According to the National Retail Federation (NRF) of the USA, families are expected to spend USD 68 billion in the back-to-school season, from which USD 98 million will go to...

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Magazine: Promotion of the year 2014 – Gold medalists and special award winners

With help from Nielsen, Trade Marketing Club and POPAI Hungary, Trade magazine organised the ‘Promotion of the year’ competition for the 7th time. The award ceremony was a special day...

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KSH: retail sales were mainly stimulated by food consumption

The volume of retail sales rose by 7.0 percent in July – according to both the raw data and the calendar effect adjusted data, compared to the same period of...

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Fruits have become more expensive in Europe despite the Russian embargo

Much less, but better quality peaches have grown this year. The FruitVeB estimates that the volume of production can reach 42 to 45 thousand tonnes. The Hungarian apricot prices are...

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Downward trend: we consume less and less milk

We know that milk is our basic food product. The consumption of milk and dairy products is important in terms of the development of the organization, the calcium is the...

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Romanian retail sales increased by nearly 8 percent

The volume of the Romanian retail sales increased by 7.9 percent in July compared to the previous month – the Romanian national statistical institute announced on Thursday. Compared to July...

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E-money in the cash register

More than a thousand, NAV-approved cash registers can now be used to accept payment in e-money. Barion’s e-payment solution is featured in 1,200 large and 100 small cash registers manufactured...

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7.2-percent increase in retail turnover

In June 2015 retail turnover is estimated to have increased by 7.2 percent (in volume) from the same period of 2014. Adjusted for calendar effects, sales were up 6.2 percent....

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Magazine: Personalised shopping

Retailers are trying to increase sales efficiency by personalising the shopping experience. Consumers are more and more open to being contacted online, but for the time being this translates into...

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Large pepper test

We think it is good, but it is not – in fact the majority of the ground red pepper available in stores sold as hungaricums – a warns the Hungarian...

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Pankucsi: Hungary protects the tobacco surtax

Hungary would like to defend the health care contribution on the tobacco industry and the food chain supervision fee, therefore, the European Commission in Brussels will be given this the...

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KSH: the trade balance surplus continued to increase

The euro-denominated value of exports increased by 13.9 percent, while imports exceeded by 9.5 percent in June, compared to a year before. The trade balance surplus amounted to 801 million...

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NFH: three out of the examined dietary supplements did not meet the requirements

The National Consumer Protection Authority (NFH) analyzed about 54 dietary supplements. The National Consumer Protection Authority (NFH) analyzed the mineral content the vitamins, and “beneficial” bacterias. Three of the tested...

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The series of conferences presenting the potential of the Rural Development Programme will start in Siófok

The first stop of the series of conferences which focuses on the EU tenders, projects, grants and financing options will be held in Siófok on 22 September 2015. The European...

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NAV: The VAT cheaters were unable to scam the ekáer system

The organized criminal group was unable to scam the electronic road freight traffic control system (ekáer) system. The criminals imported a variety of foods to Hungary without the payment of...

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Jam factory in Környe

Környe will be the home of a new jam factory, where only flavouring- and preservative-free jam will be produced. A 300m² plant and a 500m² cold storage facility will be...

Read more

Biomass-processing plant inaugurated in Kaba

At the Kaba premises of Evonik Agroferm Zrt. a new HUF 1.5-billion biomass-processing plant started working. 51.3 percent of the budget was the company’s own financial resources and the rest...

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Magazine: Competitiveness for dinner

At end of May Trade magazine and Chain Bridge Club organised their traditional Business Dinner. The topic was competitiveness and the guests were Ferenc Dávid, general secretary of the National...

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Are made-up sales days in the off-season the new craze?

Amazon appointed 15 July a special sales day and named it Prime Day. The e-commerce company offered special deals and huge bargains on this day, when consumers also had the...

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The online retail market grew by 16 percent in he first half of 2015

According to the third joint Online Retail Index reearch of GKI Digital and Árukereső.hu, the online retail market grew by 16 percent in he first half of 2015. OKI index:...

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Analysts: the increase in investments was a positive surprise

The analysts polled by MTI called the 5.7 percent second quarterly growth in investments as a positive surprise. According to the Central Statistical Office, investments increased by 5.7 percent in...

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This year's wine can be good and expensive

2015 can be an excellent vintage at wine-growing regions where the hail and the vine diseases did not damaged the well-developing grape harvest – the wine growers told. It is...

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Hungary expects half of last year's apple crop, while in Europe the decline will be 5 percent

Although the apple harvest has begun in the orchards and the plants started to processing the concentrates, the domestic apple varieties suitable for winter storing have barely appeared in the...

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