Market News
Protected pálinka
The Hungarian government does everything they can for Hungarian pálinka, and the results include the public body National Pálinka Council, pálinka becoming a Hungaricum product and having a protected designation...
Read moreRetail sales may increase further
The growth in retail sales may remain, if the trends of the last four years continue – the Deputy Minister of State of the Ministry of National Economy (NGM) told...
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Sweet paprika growers closed a good year
This year, the not too much heat favored the pepper gardeners, while outdoor pepper producers closed only a moderate year, due to the rains. Ledó Ferenc Chairman of the FruitVeB...
Read morePrivate consumption growth is stimulating the economy
The public's attitude is changing to the situation of the Hungarian economy, which has a positive effect on economic growth – Németh Dávid, senior analyst of K&H toldd M1 news...
Read moreFM: Russia illegally banned pork from the European Union
Russia illegally banned pork from the European Union. The Russian pork import ban was not based on the relevant international laws – according to the World Trade Organization (WTO) –...
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MNB: SME lendings grew in the second quarter by 5 percent
Improving trends occured in the lendings of the credit institutions to the private sector. In this year's second quarter the loans to the small and medium-sized enterprises (SME sector) grew...
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A new green program for the selective collection aluminum cans
The “Throw Yourself in” new environmental program was launched to promote the separate collection of aluminum cans. 6390 tonnes of aluminum is recycled per year About 450 million pieces of...
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Fazekas: determining changes have started in the game management
The Minister of Agriculture considered the changes in the game management act as unprecedented in the last decades. Fazekas Sándor spoke in Kaszó, Somogy County on Saturday. Fazekas Sándor told...
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NGM: more than 68 billion HUF in EU the development sources
Recent sponsorship decisions were born within the framework of the Economic Development and Innovation Operational Programme (GINOP). 247 projects won more than 68 billion HUF EU development funds – the...
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Back to school: Ongoing actions at the retail chains
The large retail chains can significantly increase their turnover in the school starting season. The most important factor for the families is price – Világgazdaság Online wrote. “Although fewer children...
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With the focus on self-development
At the June meeting of Trade Marketing Club speakers were presenting new ideas and solutions that can help us plan and conduct talks more effectively. Members met in the Fortuna...
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Magazine: I like to give
In Hungary 1.8 million tons of food ends up in the waste bin every year, while more than 200,000 people don’t have enough to eat. In 2015 the Hungarian Food...
Read moreKSH: retail sales increased by 5.7 percent in June
According to the raw data and the calendar adjusted data, the volume of retail sales in June increased by 5.7 percent, compared to the same period of the previous year...
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Food retailing: a 2.5 percent increase was enough to the forefront
In terms of value, food retail sales in Hungary increased by 2.5 percent during the second quarter of this year, compared to last year's first three months. This is the...
Read moreThe pig sector calls for further VAT rate cut
The Livestock and Meat Interprofessional Organization and Marketing Board (VHT) considers a further reduction in the value added tax (VAT) necessary in the pig sector – the President of the...
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The GfK market research company may have a new owner
German market research firm GfK named an executive from its main shareholder as its chairman on Thursday, on the same day a magazine reported the shareholder was considering a sale...
Read moreWine production may decrease by ten percent in France
Due to wild storms which hit France in April wine production may decrease by almost 10 percent this year – the ministry of agriculture announced on Thursday. The unseasonably cool...
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A tender was announced to support non-agricultural activities in the rural development program
A tender was announced to support the launch of non-agricultural activities in the rural development program. The amount of support is 13.85 billion HUF – the Prime Minister's Office told...
Read moreFavorable yield may compensate livestock farmers
In 2016, all the yield of the plants significantly outperformed the average of the past five years – the presidency spokesman for the National Association of Agricultural Economics (NAK) told....
Read moreGerman business sentiment deteriorated
The ifo Economic Research Institute’s German business sentiment index for August has declined. The German companies have become clearly pessimistic about their business situation and outlook. According to the institute's...
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Reclaimable innovation contribution
According to a report by MAZARS, micro- and small enterprises probably paid millions of forints worth of innovation contributions unnecessarily in 2016 – informed Heléna Csizmadia, the company’s tax director....
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Magazine: A visit to the store of the future
Our magazine set up its Future Store stand for the fifth time at the Sirha Budapest trade show between 9 and 11 May 2016. On 400m² a wide range of...
Read moreFazekas Sándor: the national debate on food marketing program to start
The national food marketing program designates the way of food production in Hungary in long-terms. The program’s debate will start soon – Fazekas Sándor Minister of Agriculture told M1 news...
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NÉBIH: the EU resolution on unfair commercial practices is important
A significant step was taken to protect food producers and processors – the National Food Chain Safety Office (NÉBIH) evaluated the European Parliament’s resolution on unfair trade practices. According to...
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MNB: credit information service for small and medium enterprises to be launched
The National Bank of Hungary (MNB) and the BIS Central Credit Information Office will launch the small and medium enterprise credit information service in the near future. With the help...
Read moreA significant increase in sales of Swiss watches in the UK
Due to the lower exchange rate of the pound, a significant increase in sales of Swiss watches occured in the United Kingdom. Swiss watch exports to the UK rose by...
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Youth employment declining again
After three years of improvement youth employment in the world is deteriorating again this year, mainly due to a longer than expected recession that hit the commodity exporting emerging countries,...
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FM: one and a half million hectares of ragweed infected area was detected
According to Monday's data one and a half million hectares of ragweed infected area was detected so far, and the authority had to take action on 1,500 hectares. The amount...
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