Market News

Three SMEs won the ‘Exporter of 2014’ prize

Three SMEs won the ‘Exporter of 2014’ prize of the Hungarian National Trading House Zrt. (MNKH): pump technology firm Elpumps Kft., sweets manufacturer Stühmer Kft. and wool trader Hungarowool Kft....

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Hungarian firms passed the Russian exam

At a recent examination all Hungarian firms met the Russian food safety requirements, so when the ban is lifted we can start exporting to the Russian market straight away. Moscow...

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Hungarian white acacia left off the list of alien invasive species

Hungarian white acacia tree (one of the so-called Hungaricums) will most probably be left off the list of alien invasive species, compiled by the European Union – informed the Ministry...

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Men are more loyal to their favourite deodorant

As the temperature keeps rising, unpleasant body odour and sweating are becoming a problem to many. Viktória Tantics, brand activation manager with Beiersdorf Kft. told our magazine that the company’s...

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The sales of higher than average quality ham expanded last year

The retail sales of ham and smoked meat products reached revenues of approximately 7 billion HUF in the two months of the Easter period in 2014. That's 15 percent more...

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GfK: a further boost in willingness to buy

The GfK Consumer Confidence Index remained virtually unchanged in March 2015, compared to the end of last year. The GfK Consumer Confidence Index is standing on 164.8 points in March...

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The NGM investigates the possible effects of the VAT reduction

The Ministry of National Economy (NGM) is examining the financial and real economic impact of the reduction of the value added tax (VAT), but the primary goal is to make...

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Varga: the Hungarian economy remains on the current growth trajectory

The Hungarian economy will stay at the current growth trajectory in the next 1.5 – 2 years; According to the latest calculations the Hungarian GDP may grow by 2.8 to...

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NGM: the use of online cash registers would be mandatory for money changers

The Ministry of National Economy (NGM) would require that the use of online cash registers would be mandatory for money changers mandatory use of online cash for the money-changers –...

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The rules for product presentations would be tightened further

The Ministry of National Development (NGM) would further tighten the rules on product presentations. Therefore the ministry initated consultation with the partner authorities and civil organizations – was said at...

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Contraband cigarettes were seized in an Italian van

The finance guards of the National Tax and Customs Administration (NAV) seized Contraband cigarettes in a value of five million HUF in an Italian van in Zala county – the...

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Integrated oenology and viticulture sector

Actors in the oenology and viticulture sector need to cooperate in an integrated network, using their knowledge base collectively – Zsolt Feldman, deputy state secretary of the Ministry of Agriculture...

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Hungary is a net pig exporter

According to the Agricultural Economics Research Institute’s (AKI) latest report, in the European Union the price of ‘E’-category pig was EUR 1.35/kg in December 2014 – 21 percent less than...

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GMO-free Hungary

Hungary is getting ready to produce GMO-free milk, meat and egg products and the first steps have already been taken in the case of milk – reported the Ministry of...

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Successful safety mark

The National Council of Wine Communities (HNT) made it compulsory for members to put a safety mark on wines that lack geographical indication. This proved to be an excellent idea:...

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Magazine: Two-digit growth in value and volume sales alike

In the two-month Easter period of 2014 ham and smoked meat were sold in the value of HUF 7 billion. This constitutes a 15-percent increase from the category’s performance in...

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The sales of Easter sweets may grow by 3-5 percent this year

The candy manufacturers are optimistic before the Easter season. According to the Association of the Hungarian Confectionery Manufacturers, the sales of Easter sweets can grow by 3-5 percent this year....

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Stores should be closed at World Heritage areas on Sundays

The government expands the Sunday store closure to shops situated in World Heritage areas in a bill submitted to the National Assembly on Tuesday. The parliament voted for the introduction...

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Significant improvements are expected in the wake of the food strategy

Significant improvements can be implemented in the Hungarian food industry by 2020, due to the food industry development strategy. According to the plans, the available funding will be about 300...

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The termination of the quota system will be good for the Hungarian dairy sector

The EU milk quota system will be ceased from 1 April. It is not a thread to the Hungarian dairy sector, but rather an opportunity – agrarszektor.hu wrote. The position...

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The KKM does not know that Russia would allow food shipments

Neither the Ministry of Foreign Affairs and Foreign Trade (KKM), nor Bognár Lajos chief veterinary officer has received any formal or informal notification from Russia, that Russia would allow food...

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GKI: sentiment index remained unchanged in March

The seasonally adjusted value of the GKI-Erste economic index remained unchanged in March 2015. The index still represents a relatively optimistic mood; the business expectations have improved slightly, while the...

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Analysts expect further rate cuts

Market analysts expect further rate cuts after the Monetary Board’s Tuesday decision; lowering the base rate by 15 basis points to 1.95 percent, which is a new new historical low....

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A daily bowl of whole grain can save lives

People who consumed around 34 grams of whole grains per 1000kcal per day lowered their risk of premature death by 17 percent A study by Harvard Public School of Health...

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Closely watched freight goods

In accordance with a ministerial decree, the first storage place of imported food products must be reported to the authorities – and this can very well be connected with the...

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What do brands think?

‘Hunguest Hotels is one of Hungary’s biggest hotel chains, the majority of which is in Hungarian ownership. We represent the values promoted by the MagyarBrands programme and are really proud...

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The MagyarBrands programme is 5 years old

The MagyarBrands awards were presented for the fifth time in 2014. In 2010 experts in the Superbrands Hungary Council decided to launch the MagyarBrands Programme to honour the best Hungarian...

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The NAK does not support the public health product tax extension

The National Association of Agricultural Economics (NAK) does not support the extension of the public health product tax (NETA) – the NAK told MTI on Monday. According to the National...

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The document about the Sunday shop closure is available

The Ministry of National Economy (NGM) has published the public opinion poll carried out in 2011 about Sunday shop closure. The document was uploaded to kormany.hu. The Ministry of National...

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GKI forecasts slower growth

In 2014, the performance of the Hungarian economy was much better than anticipated by anyone. Nevertheless, in a forward looking perspective, it did not reach a trajectory that ensures sound...

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