Market News
Magazine: Many development programmes will be announced early summer
In the 2014-2020 EU budgetary period development policy must focus on employment and competitiveness. If all programmes are considered, Hungary is entitled to HUF 12,000 billion worth of European Union...
Read moreRomanian retail sales increased by three percent in the first quarter
According to the raw and calendar adjusted data, the volume of the Romanian retail sales increased by three percent in the first quarter of 2015, compared to the same period...
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NÉBIH connects to the electronic payment and accounting system
NÉBIH completed its project for joining the electronic payment and accounting system. Thanks to this payment is now also possible with bank card, online bank card and via the home...
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Magazin: One pair, two pairs, grill
ming more and more popular, the market keeps expanding and the product selection is growing. Tamás Kováts, sales director of ZIMBO Perbál Kft. told our magazine that consumers like trying...
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One thousands small grocery stores disappeared in a year
A total of 17,729 general food stores were operating in Hungary at the beginning of this year. In January 2014 their number was 18,679. This means a 5 percent decline....
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Amendment in the advertising tax
The tax on advertising to be amended. According to the amendment, the amount of tax will be 0 to 100 million HUF and 5.3 percent above 100 million HUF. According...
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The SPAR was given the disability-friendly recognition again
The SPAR Magyarország Kereskedelmi Kft. received the Disability Friendly Employer on March 26 this year for the third time after 2010 and 2012, so the company can use the Disability...
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One in five supermarket scales measure more
According to the inspectors of the National Consumer Protection Authority (NFH), one in five supermarket scales measure more. This ratio at smaller shops is: every fourth – the NFH told...
Read moreCereals became 3 percent cheaper in April
Hungarian cereals became 3 percent cheaper in April on average, compared with March 2015 at the Magro.hu online agricultural marketplace. The Magro Wheat Index (MGX) indicating the combined value of...
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Bankmonitor: The savings of the Hungarians are below the Western European average
On average, Hungarians have savings of 2.1 million HUF per capita. This amount is significantly below the Western European average of 23.9 million HUF and significantly lower than the Central...
Read moreThe majority of SMEs do not plan any staff increase
Only around one in six domestic SMEs plans new recruitment of workers, while the majority of businesses expect stagnation in the number of the staff. Thus, spectacular growth in employment...
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160-180 billion forint investment is necessary in the fruit-vegetable sector
In the next 6-8 years Hungary needs to invest HUF 160-180 billion in fruit and vegetable growing and processing if it wants to make products competitive in the market. FruitVeb...
Read moreThe GKI expects accelerating consumption and stagnation in investment
According to the forecast of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), the growth was exceptionally fast temporarily in 2014: 3.6 percent. However the Hungarian economy was not able...
Read moreNGM: the demand supports the strengthening of foreign trade
Behind the upturn in foreign trade the strengthening of external and domestic demand can be both observed – the Ministry of National Economy (NGM) commented to the report of the...
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KSH: the trade surplus continued to rise in February
In February, exports in euros increased by 6.0, while imports rose by by 6.1 percent compared with the previous year. The trade balance surplus increased by 41 million euros to...
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Five Central and Eastern European countries call for joint action against VAT fraud
Five Central and Eastern European countries call for joint action against VAT fraud, among other things, to extend reverse VAT – Varga Mihály, Minister of National Economy (NGM) told MTI....
Read moreThe tobacconists already took the folies down several places
Several tobacconists took the folies down from the tobacco shop windows after the murder in Kaposvár. The shop owners usually covers the tobacco products with a shutter – the M1...
Read moreThirty Million HUF worth smuggled cigarettes were found near Szatmárcseke
The National Tax and Customs Administration (NAV) found thirty Million HUF worth smuggled cigarettes near Szatmárcseke. The finance guards detected a suspicious boat on the Tisza river and a vehicle...
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Manufacturer brands bettered their position
Razor and epilator sales exceeded HUF 800 million last year, but value sales reduced by 8 percent – while volume sales were stable. Drugstores were responsible for the majority of...
Read moreCBRE: dynamic growth on the commercial property market
Last year11.4 million square meters of shopping centers were built in the world. This is 800 thousand square meters more than in 2013. Twenty percent of the new shopping centers...
Read moreThe government raised its GDP forecast for 2015 to 3.1 percent
The government raised the expected economic growth forecast to 3.1 percent from 2.5 percent – Banai Péter Benő, Minister of State of the Ministry of National Economy (NGM) told M1...
Read moreHungarian-Russian negotiations on food security in Budapest
Bognár Lajos, Deputy Minister of State of the Ministry of Agriculture (FM), and Alexei Alekszejenko, deputy leader of the the Russian Federation’s Federal Veterinary and Phytosanitary Supervision (Rosszelhoznadzor) were discussing...
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The Hungarian television advertising market is expecting a single-digit growth this year
The Chairman of the Hungarian Electronic Broadcasters Association (MEME) predicted a “correct, but single-digit” growth for the Hungarian television advertising market this year. Kovács Krisztián stated that they do not...
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The fisheries management operational program aims to increase fish consumption
The Hungarian Fisheries Management Operational Program is soon to be completed. The program aims to double the current domestic fish consumption of about 5 kilogrammes per capita – Viski József,...
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Rising cocoa prices on the world market
Cocoa prices rebounded strongly despite another set of data signalling a drop in demand for beans this time from Asia, where the grind fell even further than in Europe...
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Hungarian trading houses were opened in Namibia and Zambia
The Head of Communications of the Hungarian National Trading House Plc. (MNKH) informed MTI on Friday that the government opened two Hungarian trading houses on Thursday in accordance with the...
Read moreGMO corn seed was found in a consignment in Kecskemét
GMOs (genetically modified organisms) contaminated maize seed was found in a shipment, ordered by a Kecskemét-based company. The National Food Chain Safety Authority (Nébih) seized the shipment worth 10 million...
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Magazine: Tens of billions in promotional revenue – but how much comes from extra sales?
In Hungary from the sales of certain high-turnover categories more than 50 percent is realised in promotion. Do promotions generate extra sales or do manufacturers destroy value with the many...
Read moreThe owners of small shops will benefit from Sunday store closure
The mandatory Sunday rest day will provide new jobs in trade. The regulation brought a positive turn to small shops – the Napi Gazdaság wrote in its Wednesday edition. Pichler...
Read moreThe majority of the domestic consumers are open for online food shopping
One in six Hungarian consumers have purchased food products available in online retail, which were shipped to home. Apart from them, more than half of the Hungarian consumers are prepared...
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