Market News

U.S. Attorney General Eric Holder would strenghten the security of the malls

Eric Holder, who will be leaving his post in the coming weeks, sat down for an interview with CNN at the U.S. Department of Justice headquarters Thursday in Washington D.C....

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Active agricultural producers are about to be born

After the European Union, the concept of ‘active agricultural producer’ is introduced in Hungary too. From 2015 only those are entitled to receive direct subsidies who qualify as ‘active farmers’....

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Young farmers can count on more funding

Despite less money – EUR 373 billion – from the CAP, the 2014-2020 period brings considerable funding for young farmers: they will receive 3-4 percent of the total sum. In...

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Magazine: The salty snacks market has been taken off the medical ventilator

Based on data from the first 11 months of 2014 it seems that salty snacks are now past the worst: sales have started increasing again....

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MVH made the most EMVA payments last year

The Agricultural and Rural Development Agency (MVH) paid the biggest sum, HUF 258 billion in subsidies to projects co-financed from the European Regional Development Fund. MVH awarded HUF 160.5 billion...

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More on the spot checks

Bad news for farmers: the European Court of Auditors (ECA) decided to follow a stricter payment control policy in the next programming period. In the case of Hungary this means...

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Back to six from seven

From 15 March 2015 shops stay closed on Sundays in Hungary. Who is this good for? Perhaps for families, but definitely not for the families of those 15,000-20,000 people who...

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The NGM expects the further expansion of retail trade

The retail sales reached a ten-year record in 2014 – the Ministry of National Economy (NGM) told MTI on Thursday MTI, commenting the data of the Central Statistical Office (KSH)....

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The NAV would explore the unreported machines

The tax authorities would explore the food vending machines that were not reported by their operators with targeted inspections. The National Tax and Customs Administration (NAV) told MTI on Friday...

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Economic sentiment improved in the EU in February

The Economic sentiment has improved in the EU28 in February, as well as in the Euro Zone – according to the communication of the European Commission (EC) that was released...

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The two-third of the population barely able to save

In Hungary, 61 percent of the economically active age group (25-55 year olds) can be considered as savers. They save an average of 20 thousand HUF per month– the Union...

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Hungary is the privileged partner of the Croatian Viroexpo

Hungary is the privileged partner of the 20th Viroexpo international fair, which was opened on Friday in Verőce – the Hungarian Embassy told MTI. Fifty-one Hungarian companies participate at the...

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Fifteen thousand boxes of smuggled cigarettes were found in Pécs

Fifteen thousand boxes of cigarettes without tax stamps were found by the finance officers in a Hungarian truck – the NAV informed MTI on Thursday Bus Szilvia the Press Officer...

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Consumers want snacks with natural flavours and ingredients

An international survey on sweets and salty snacks found that three quarters of consumers want products with natural flavours and ingredients – these characteristics are more important to them than...

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Chocolate rabbit is the most popular

Easter confectionery sales amounted to HUF 4 billion and represented 940 tons in the three-month season last year. Like-for-like value sales surged by 12 percent and volume sales bettered by...

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There is value in chocolate figures

Last year’s improved consumer mood manifested in the sales data of Easter chocolate figures too. More and better quality products were purchased in 2014. – Besides a 2-percent growth in...

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A 17-billion-forint annual market

Mayonnaise, ketchup and mustard generated a HUF 17-billion combined turnover in the December 2013 – November 2014 period. Value sales improved 4 percent from the base period. Mayonnaise sales valued...

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KSH: retail sales rose by 5.6 percent in December

According to calendar adjusted data, retail sales rose by 5.6 percent in last December, while in 2014 the volume of sales was 5.2 percent, higher than in the previous year...

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The Sunday store closure can rearrange the turnover towards smaller shops

The Sunday store closure can affect third of the Hungarians, who buy intensively on the last day of the week. They will have to purchase in more expensive, smaller shops....

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The food processing strategy has been completed

The food processing strategy has been completed, which is expected to be discussed by the government in a few weeks – Zsigó Róbert announced at a professional forum. Zsigó Róbert,...

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Lázár János initiates a meeting in connection with the advertising tax amendment

Lázár János initiates the meeting of the Economic Committee in order to discuss the possibilities of the changes in the advertising tax – the Prime Minister's Office told MTI on...

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Investment increased by 14 percent last year

A total of 5,216 billion HUF was spent on investments in Hungary in 2014, 14 percent more than a year before. The investments increased in the majority of teh sectors...

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Magazine: Spicier flavours from condiment makers

Easter is one of the driving forces behind mustard, ketchup, mayonnaise and horseradish sales. Last year sales expanded, in part because barbecues are becoming trendier, creating a third season for...

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EKAER: the NiT Hungary ask for a longer fine-free period

The NiT Hungary ask for the extension of the fine-free test period from the government. The Executive Secretary General of the advocacy organization, Dittel Gábor wrote a letter to Varga...

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China has dropped some of the world's leading technology brands from its approved state purchase list

China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response...

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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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More and more stores sell Quality Hungarian Pork

Pork products marked with the Quality Hungarian Pork (KMS) trademark. Hungarian pork meat and pork products are only allowed to use the KMS trademark if they regularly go through the...

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Nielsen: more people were watching food, chemicals and cosmetics commercials

The domestic TV commercials of food, household chemicals and cosmetics reached 1 percent more GRP last year, than a year before – according to a Nielsen Audience Measurement Ltd. The...

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The MLSZKSZ welcomes the retuning of EKÁER

The Association of Hungarian Logistics Service Centers (MLSZKSZ) welcomes the government's efforts that they retune the EKÁER system, building on the experiences of the two-month test period. The Association considers...

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Credit Market: More than half of the Hungarians do not compare the offers

The Hungarians’ trust in crediting shows a rising trend in the recent period; nearly two-third of the population accepts or even considers the good credit scheme as an option –...

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