Market News
Magazine: Special cosmetics
In the good old days cosmetics were made from natural ingredients. Later with the development of the market economy the composition of cosmetic products changed. Zsolt Kajtár, owner and managing...
Read moreFifteen Hungarian companies may export food to Russia
The Russian Federal Veterinary and Plant Protection Service (Rosszelhoznadzor) allowed fifteen Hungarian, two Cypriot and a few Greek companies to export their products to Russia if the food embargo to...
Read moreHungary’s GMO-free status will soon be guaranteed by law
Hungary’s GMO-free status will soon be guaranteed by law within a few weeks – the Minister of Agriculture announced at a press conference in Budapest on Wednesday. Fazekas Sándor told...
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The increase of freshwater fish production can be a break out point
The fish stocks of the European seas are depleted, Europe will soon look for new sources and Hungary has excellent features in freshwater fish production – Bitay Márton, Minister of...
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Nielsen: growing consumer confidence in Hungary
Hungary belongs to the fifteen European countries where the consumer confidence index rose in the first quarter to 57 points, from the 54 points of last year's fourth quarter –...
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The reduction of bank tax is necessary to the expansion of lending
The government adheres the signed cooperation agreement with the European Bank for Reconstruction and Development (EBRD). According to the recent report of the EBRD, the image of the Hungarian economy...
Read moreThe self-control on food advertising aimed at children is effective
The latest report shows that the EU Pledge (voluntary commitments of the food companies regarding food advertising aimed at children) has reached significant progress in 2014 in Hungary. The Hungarian...
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Atradius: Hungarian companies are crediting to each other but pay on time
The Hungarian enterprises are using the deferred payment in the Central Eastern European region the most, however the payment deadlines have become tighter and the rate of paid bills also...
Read moreThe beekeepers are living from acacia honey
We need to shift the attacks against the Hungarian acacia, because the Hungarian beekeepers are living from acacia honey – the president of the Hungarian Beekeepers Association told the M1...
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GfK: the market of technical products grew by 11.1 percent in the first quarter
The Durable & Electronics sales increased by 11.1 percent in the first quarter of 2015, compared to the same period of the previous year. The growth was mainly driven by...
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The decline in prices has stopped in the European Union
The decline in consumer prices stopped in the European Union in April. The annual inflation rate was zero percent – Eurostat announced on Tuesday. According to the data of the...
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Every year one million tons of food products are thrown out in Austria
Every year one million tons of food products are thrown into the trash in Austria – according to a study presented on Monday in Linz. The study was made by...
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Mixed flavours are flying high
There are added vitamins in these low-calorie products, which offer a fruit-vegetable taste. At www.siogyumolcs.hu and on the SIÓ Facebook page the company continues its loyalty programme. New packaging designs...
Read moreSunday opening may be easier
Within weeks, the Ministry of National Economy (NGM) may change the decree which lists the specific qualifications required for the sale of products – the Magyar Nemzet wrote. If certain...
Read moreThe Book of Red Wine Excellences has been published
Five hundred and eighty items were included into the Book of Red Wine Excellences in 2015. In the book, published by the Ministry of Agriculture the red wines of Szekszárd...
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The Nébih seized 9 tons of potatoes
The National Food Chain Safety Office (Nébih) seized 9 tons of edible potatoes sold as seed potatoes during the spring checks -the Nébih told MTI on Monday. The Nébih drew...
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An exhibition presenting Hungarian products was opened in Yemen
The world-class Hungarian products and services need to be introduced in a concentrated way – Magyar Levente, Minister of State of the Ministry of Foreign Trade and Foreign Affairs told...
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Insect chips are available in Hungary
We can spice up our dinner with insects even in Hungary – the hvg.hu wrote. True, these are bought as funny gifts yet, but who knows, maybe in the future...
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A record volume of garbage was collected in TeSzedd! action
A record volume of 2300 tonnes of garbage was collected from Friday to Sunday afternoon within the nationwide TeSzedd! Action – the National Environment and Nature Protection Inspectorate (OKTF) told...
Read moreFruitVeB: the support framework for gardening machinery was sold out on the first day
The support framework for gardening machinery was sold out on the first day – Ledó Ferenc, president of the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) told MTI on Monday....
Read moreThe NAV launched an investigation against VAT frauder meat distributor companies
The National Tax and Customs Administration (NAV) launched an investigation against Hungarian and Slovak VAT frauder meat distributor companies. According to the tax authorities, the investigation was launched after checking...
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21 Székesfehérvár-based companies are supporting the Community Value Creation Program
When it was started in 2013, ten enterprises were involved in the Community Value Creation (KÉPES) Program in Székesfehérvár, now 21 locally-based companies are supporting the pioneering social responsibility community...
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More thorough transfer price checks
According to audit and tax consulting firm Baker Tilly Hungária’s latest report, last year the tax authorities performed more transfer price inspections than in the previous years. Transfer price errors...
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Food retail sales to grow this year
Food retail sales grew again both in value and volume. The shops reached revenues of around 490 billion HUF between December 2014 and March 2015 in the Ninety categories measured...
Read moreIn the past two years the number of online shoppers has increased tenfold in Hungary
The proportion of online purchases is strongly rising in Hungary: in 2014 almost the quarter of the households purchased daily consumer goods online at least once. The best-selling products on...
Read moreThe growth of the digital advertising market is slowing
The growth of the digital advertising market decelerated in the first quarter – the statement of the Interactive Advertising Bureau (IAB) reveals. According to the data, in the first three...
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Twenty billion HUF to the wine sector by 2020
The Hungarian wine industry receives twenty billion HUF until 2020 – Kis Miklós Zsolt, Minister of State of the Prime Minister's Office announced on Friday in Jakabszállás. Kis Miklós Zsolt...
Read more42 percent of US bee colonies died in the past one year
More than two out of five American honeybee colonies died in the past year, and surprisingly the worst die-off was in the summer – according to a federal survey. Since...
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A thousand euros donkey cheese was produced in Serbia
A Serbian producer offers its donkey cheese for a surprisingly high price, for one thousand euros per kilogramme. The staff of the Zasavica-based plant told MTI that the donkey cheeses...
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The EKÁER system in practice
As of 1 March the Electronic Freight Goods Tracking System (EKÁER) has been operational. In the last days of February the legislators reworked the regulation, making changes based on the...
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