Market News
The unified packaging of cigarette products would be introduced from next May
The provision that provides uniform packaging for tobacco products may enter into force on 20 May next year – according to a draft, published on the website of the government....
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FruitVeB: a part of this year's watermelon crop will be exported
This year's watermelon crop will be around 220-240 thousand tons. A part of it will be exported – Ledó Ferenc told M1 news channel on Sunday. Ledó Ferenc president of...
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The Hungarian Post starts to distribute personal loans
The Hungarian Post (Magyar Posta) starts to distribute personal loans – the company confirmed to MTI. In the latest issue of the Heti Válasz weekly Szarka Zsolt CEO announced that...
Read moreA huge increase in the EU-China trade turnover
In the last decade, a significant increase occured in the trade turnover of goods and services between the European Union and China – according to Eurostat’s communication released on Friday....
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Cherry: the panacea of athletes and those who want to loose weight
The deep red colored and tangy fruit has many positive attributes. There are several scientific evidences about its benefits on health. The cherry is an excellent choice for both athletes...
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International joint tender to reboost silkworm breeding
A Hungarian-Italian-Slovenian company submitted international research proposals to reboost silkworm breeding. The company is willing to won EU fund. The world price of silk is increasing. In China the silkworms...
Read moreNAV: finance guards seized 7500 boxes of smuggled cigarettes in Vecsés
Seven thousand five hundred boxes of contraband cigarettes and 50 kilograms of tobacco were seized by the finance guards of the National Tax and Customs Administration (NAV) in Vecsés. According...
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New coffee industry giant is given the green light
The European Commission set certain conditions but gave a green light to creating one of the world’s biggest ‘pure-play’ coffee companies with the merger of Mondelez International, Inc. and D.E....
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Messages served on a tray
According to ARTMATCH, from in-store POS tools demand is the biggest for smaller and cheaper, but attention raising solutions. One of these can be the classic change return tray made...
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Value sales grew in all four categories
Sales grew 7 percent to HUF 52 billion in the household paper category between March 2014 and February 2015. Although value sales bettered in all four product categories, volume sales...
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Magazine: Men’s and women’s trends are separating
According to Sarolta Majkut, brand manager of Unilever Magyarország Kft. in the last few years the shower gel market had been in stagnation, but finally both value and volume sales...
Read moreKSH: the volume of retail sales increased by 4.1 percent in April
According to the raw data, retail sales increased by 4.1percent in April. The calendar effect adjusted increase is 5.0 percent, compared with the previous year – the Central Statistical Office...
Read moreThe MNB expects less investments, but further economy growth
The National Bank of Hungary (MNB) has significantly reduced its forecast for the investments: in its March projections, the MNB calculated with an increase of 5.2 percent for this year,...
Read moreGKI: Hungarian consumer expectations on a twenty-month low
The business expectations have reached their peak this year, while consumer expectations decreased to their twenty-month low point in June – the new survey of GKI reveals. Although some fluctuation...
Read moreNGM: Sunday store closure did not cause a decline in retail trade
Sunday store closure did not cause a decline in retail trade – Lenner Áron Márk, Deputy Minister of State of the National Economy Ministry (NGM) told M1 news channel on...
Read moreNFM: the Imperial Tobacco’s offer does not meet the conditions
According to the Ministry of National Development, the offer of the Imperial Tobacco Magyarország Kft. does not meet the conditions statutory conditions. The ministry in its statement sent to MTI...
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Large retailers under pressure
The turnover of the major department stores is declining continuously, as more and more people prefer to purchase on the Internet. The situation is even worse, because the smaller market-type...
Read moreThe harvest has begun in Hungary
The harvest has begun in the country; farmers started to harvest the winter barley in almost every counties – Czerván György Minister of State of the Ministry of Agriculture (FM)...
Read moreMinistry of Agriculture: the beef sector is on a stable growth path
The cattle industry is on a stable growth track in recent years. The government has not abandoned the sector – Fazekas Sándor Minister of Agriculture said in Szentkirály at the...
Read moreThe Minister of State expects a medium wheat crop
According to the Minister of State of the Ministry of Agriculture, there is good chance for medium wheat crop. Czerván György told M1 news channel on Thursday that harvest began...
Read moreUnified cigarette packs to come
All tobacco products will have the same appearance, and will bear the same images on the cigarette packs – Lázár János announced at the government’s press conference. He did not...
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Undivided collective ownership may be discontinued
The Ministry of Agriculture informed that undivided collective ownership still has to be discontinued on 950,000 hectares of agricultural land. In May 300,000 land owners concerned received letters from the...
Read moreChanges in the conditions for alleviating agricultural damages
Green house farmers can now also be members of the scheme for alleviating agricultural damages. Per hectare contributions to the fund is defined based on what kind of fruit or...
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FMCG trends: decline in volume sales
FMCG volume sales dropped in all quarters of the last three years in Russia. Between December 2014 and February 2015 1 percent fewer products were sold than in the previous...
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NAK modifies statutes
At its Gödöllő meeting NAK modified its statutes: in the future members whose revenue from agricultural activities is below 20 percent will have to pay a membership fee based only...
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Magazine: Zsendülés conference: a very important event for the horticulture sector in Szeged
Kert-Ész Klub Hungary Association and Vitamin Szalon Kft. organised their 1st Zsendülés Horticulture Conference in mid-April in Szeged. The European Union budgetary cycle that ends in 2020 guarantees more funding...
Read moreThe three missed tobacco companies have cooperated
The Imperial Tobacco Magyarország Kft. offers an up to 6 billion HUF concession fee to the provision of tobacco retail. The JTI Hungary Zrt. és a Philip Morris Magyarország Kft....
Read moreThe Balaton Association’s request was rejected
Varga Mihály Minister for Economic Affairs rejected the Balaton Association's request that all the shops need to be open during the summer season. The ministry will decide in the autumn...
Read moreBisnode: not permitting the delay in payment is a competitive disadvantage to the companies
According to the analysis of the Bisnode business information company sent to MTI on Wednesday, those companies can be in competitive disadvantage that do not permit the delay in payment...
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