Market News

53 billion HUF for water management until 2020

In the new EU budget period Hungary can spend 53 billion HUF on water management tasks – Mezei Dávid, Deputy Minister of State of the Prime Minister’s Office The Deputy...

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The harvest of autumn barley and rapeseed has ended in Békés County

Outstanding autumn barley yield occured this year in Békés County – Barabás Béla, secretary of the Békés County Farmers' Federation told MTI on Monday. The average yield per hectare in...

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One glass of red wine is equivalent to an hour at the gym

According to researchers of the University of Alberta in Canada the resveratrol, a compound found in red wine has health benefits similar to those we get from exercise. According to...

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The HNT asks its members to block Italian origin wines

The National Council of Wine Communities (HNT) draws the attention of its members to block their Italian origin wine stocks and withdraw the already delivered Italian wines from the shelves,...

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More money for the Bocuse d’Or competition

The government doubled the sum for supporting the Bocuse d’Or chef competition from the central budget: next year the contest’s European final will take place in Budapest and the organisers...

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Five a day is OK

The European Food Safety Authority conducted a study with 66,531 participants on the food safety aspects of caffeine consumption. They found that a maximum 400mg daily caffeine intake is perfectly...

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Manufacturer brands stayed strong

Shower gel is in the top 10 of the 70 household chemical and cosmetics categories audited by Nielsen. Sales were worth HUF 15 billion in the March 2014-February 2015 period,...

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When times are hard, product selection and prices become more important

In Q1 2015 consumer confidence dropped further in Russia: it was at 72 points (Q3 2014: 87 points, Q4 2014: 79 points). At the end of last year the rouble’s...

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E-money in the cash registers

More than a thousand cash machines authorized by the NAV were transformed into machines that accept e-money. Soon we can pay with e-money in public kiosks and tobacco shops. The...

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Better than medium quality wheat crop is expected this year

This year, better than medium quality wheat crop is expected, according to the preliminary estimates. About twenty percent of the winter wheat sown on one million hectares has been harvested...

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Lawsuits may also take place due to the GMO ban

Neither the Constitution nor the recent amendment of the genetic engineering law is not capable to prevent from the Hungarian appearance of the genetically modified organisms (GMOs) – Darvas Béla...

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Brussels is optimistic about the agricultural markets

The European Commission published its short-term forecast on the the agricultural markets on Friday. The forecast projects a positive image of production and the meat industry. Brussels notes that last...

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The climate change is a threat to the survival of bumblebees

Bumblebees already have to contend with lethal infections, deadly pesticides and habitat loss due to agriculture and urban development. A new study shows they have another cause for worry: climate...

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A shipment of illegal cloths was detected with ekáer

On the basis of the data of the ekáer road toll cams, the National Tax and Customs Administration (NAV) detected shipment of illegal cloths – the NAV told MTI. The...

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Promising start of the year in grocery retail

Grocery retail sales improved once again: sales were up 5 percent in value and grew 4 percent in volume between December 2014 and March 2015 in the 90 categories audited...

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Beer season

Beer sales expanded once again last year, despite that the weather wasn’t always ideal for drinking beer. Zita Szederkényi, senior corporate affairs specialist at Dreher Breweries Zrt. told our magazine...

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L’Oréal growth despite the market uncertainty

Despite the slow growth in Western Europe L’Oréal’s sales expanded by 14 percent in Q1 2015. Sales amounted to EUR 6.44 billion. Luxury products and active cosmetics were the driving...

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KSH: exports grew and imports declined in May

The euro-denominated value of exports increased by 2.5 percent in May, while imports were 0.7 percent lower than in May 2014 – the first estimate of the Central Statistical Office...

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Hungarian-Russian cattle breeding negotiations

Budai Gyula, the Ministerial Commissioner of the Ministry of Foreign Affairs and Foreign Trade Relations negotiated with Sergei Levin, Deputy Minister of Agriculture about the foundation of a Hungarian-Russian joint...

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The Ministry of National Economy does not expect serious inflation

The consumer price trend is in line with the estimate of the Ministry of National Economy (NGM). The Ministry does not expect serious inflation in the rest of the year....

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Analysts: foreign trade continues to perform at a high level

The Hungarian foreign trade continued to perform at a high level, the dynamics of growth in the longer term will depend on the evolution of export capacities – according to...

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MNB: the NHP contributed to Hungary's GDP growth with more than 1 percent

The NHP is the growth credit program of the National Bank of Hungary (MNB). The NHP is supporting micro, small and medium-sized companies to access credit, to expand investments and...

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Hopefully there will not be yield losses in case of corn

Hopefully there will be yield losses in case of corn as heat has stopped – the president of the National Association of Grain Producers (GOSZ) told MTI on Thursday. Vancsura...

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The growth of the Czech retail sales continued in May

The data of the retail index indicated an annual increase of 5.4 percent after the 6 percent of April – the Czech Statistical Office (CSU) announced in Prague on Tuesday....

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Children posters to raise awareness to road safety

The Mercedes-Benz factory in Kecskemét announced a road safety poster competition within the company’s MobileKids Program. The best works were exhibited in the town at 10 busy points to drawn...

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Forbes Top 2,000 global companies

On 6 May Forbes published its latest ranking of the world’s biggest companies. Instead of the former 3 now we find 4 Chinese banks at the top of the list....

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The Kopint- Tárki expects a 3.2 percent growth and 0.5 percent inflation

The Kopint-Tárki Konjunktúrakutató Intézet Zrt. business climate research institute is expecting a 3.2 percent GDP growth and 0.5 percent inflation in its latest projection. Palócz Éva, chief executive of Kopint-Tárki...

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The price of food and alcoholic beverages have risen

In June, consumer prices were on average 0.6 percent higher than a year earlier, while compared with May consumer prices rose by 0.2 percent – the Central Statistical Office (KSH)...

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GKI Digital: the turnover of the 10 largest web stores exceeded 50 billion HUF in Hungary

The turnover of the 10 largest web stores operating in Hungary exceeded 50 billion HUF, with nearly 3 million purchases – according to GKI Digital’s research which ranked the e-retailers...

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If summer, then melon: the melon season has started without scandals

If summer, then melon: if melon, then melon campaign. The Agricultural Marketing Directorate of the Hungarian National Tourist Office launched a promotional campaign again this year to promote fresh, domestic...

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