Market News
Food retail sales to grow this year
Food retail sales grew again both in value and volume. The shops reached revenues of around 490 billion HUF between December 2014 and March 2015 in the Ninety categories measured...
Read moreIn the past two years the number of online shoppers has increased tenfold in Hungary
The proportion of online purchases is strongly rising in Hungary: in 2014 almost the quarter of the households purchased daily consumer goods online at least once. The best-selling products on...
Read moreThe growth of the digital advertising market is slowing
The growth of the digital advertising market decelerated in the first quarter – the statement of the Interactive Advertising Bureau (IAB) reveals. According to the data, in the first three...
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Twenty billion HUF to the wine sector by 2020
The Hungarian wine industry receives twenty billion HUF until 2020 – Kis Miklós Zsolt, Minister of State of the Prime Minister's Office announced on Friday in Jakabszállás. Kis Miklós Zsolt...
Read more42 percent of US bee colonies died in the past one year
More than two out of five American honeybee colonies died in the past year, and surprisingly the worst die-off was in the summer – according to a federal survey. Since...
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A thousand euros donkey cheese was produced in Serbia
A Serbian producer offers its donkey cheese for a surprisingly high price, for one thousand euros per kilogramme. The staff of the Zasavica-based plant told MTI that the donkey cheeses...
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The EKÁER system in practice
As of 1 March the Electronic Freight Goods Tracking System (EKÁER) has been operational. In the last days of February the legislators reworked the regulation, making changes based on the...
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Magazine: Mixed flavours are flying high
Fruit juice sales have been growing for many years. The key drivers behind the 7-percent volume sales growth and the 12-percent increase in value sales were the following: willingness to...
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KSH: agricultural producer prices continued to decline in March
The price of plant products was 9.1 percent lower, while the price of live animals and animal products was 6.6 percent cheaper in March, so the agricultural producer prices were...
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Shrinking financial expectations for the SME sector
The sales revenue and profit expectations of the domestic SME managers have significantly declined since the end of last year. The domestic SME managers expect a 4 percent increase in...
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The NAV destroyed five tons of eggs
The ekáer inspectors of the National Tax and Customs Authority checked a truck carrying 80 thousand eggs near Rajka. The consignment had no ekáer (Electronic road freight traffic control system)...
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The Hungarian National Trading House opened its local office in Tel Aviv
The local office of the Hungarian National Trading House in Tel Aviv was opened on Wednesday, in the center of technology of the Middle East region. This Hungarian National Trading...
Read moreThe proportion of Slovakian foods fell to a record low rate in Slovakia
The proportion of Slovakian foods continued to decline in Slovakian stores last year. The proportion of Slovakian foods fell to a record low level to 40 percent in April 2015...
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Willingness to purchase gains new momentum
In March 2015 the GfK Complex Consumer Index was basically the same as at the end of last year at 164.8 points. The Consumer Expectations Index was down 5 points...
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Market increase for premium category bottled waters
The latest report from Zenith International – the world’s leading food and drink consultant – reveals that global sales of premium waters are growing year after year: at world level...
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KSH: GDP grew by 3.4 percent in the first quarter
Hungary’s gross domestic product (GDP) grew by 3.4 percent in the first quarter, compared to the same period of the last year – the Central Statistical Office (KSH) announced its...
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The supermarket chains may pay multi-billion HUF advertising taxes
The government significantly underestimates the expected revenues from the new advertising tax – nol.hu wrote. Népszabadság calculates that it will exceed the planned 7-9 billion HUF, and it will be...
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Public consultation about the Hungarian fisheries management program
The Prime Minister's Office sent the first version of the Hungarian Fish Operational Programme (MAHOP) to public consultation. The Prime Minister's Office expects the textual comments and suggestions of the...
Read moreMenthol cigarettes to be banned from 2020
From 20 May 2020, the selling of menthol tobacco and menthol cigarettes will be prohibited in Hungary – Zombor Gábor, Minister of State of the Human Resources Ministry announced on...
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Printed foods to come
Special printers were presented on 21 April in Venlo, the Netherlands at the World’s first 3D Food Printing Conference. The special 3D printers are able to print foods – agrarszektor.hu...
Read moreGive the bees a world day!
The agricultural ministers of the EU was discussing in Brussels within the framework of the GMO-free Europe initiative and supported the prohibition of the cultivation of genetically modified plants –...
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The national trading house is promoting Hungarian start-up companies in Singapore
The national trading house in Singapore is promoting Hungarian start-up companies, to help the companies breaking into the South East Asian markets. Szőke István, advisor of the trading house that...
Read moreAn increase in consumer prices in Germany
According to the provisional figures, the consumer prices in April stagnated in Germany on a montly basis, while increased by 0.5 percent in an annual comparison – the German Statistical...
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Are the employers to blame only?
A client of mine is working for a municipality company in a city. She is in an executive position and despite the fact that she is a top professional too...
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GfK: the households' spendings on fast moving consumer goods have increased
According to the Commerce Analysis study of GfK the households' spendings on fast moving consumer goods have increased last year. The population’s own more pessimistic assessment of its financial situation...
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Analysts say that the foreign trade outlooks are favorable
The outlooks of foreign trade are favorable – according to analysts interviewed by MTI who pointed out that the surge in exports can be mainly explained with the increasing performance...
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The chief veterinarian ordered inspection in the milk sector
On the basis of the reports of the Milk Interprofessional Organisation and Product Board, the Hungarian chief veterinarian ordered inspection in the milk sector from 6 May. The food safety...
Read moreFM: the government supports the simplification of the Common Agricultural Policy
The government supports the simplification of the Common Agricultural Policy (CAP), in order to protect the Hungarian producers – the Ministry of Agriculture (FM) told MTI on Tuesday. According to...
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Excessive administration against VAT frauds hampers growth
VAT frauds cost nearly 200 billion euros for the EU member states every year. In Hungary 25 percent of the VAT is swallowed by the traders. However the increase of...
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