Market News
Bridgehead in North Africa
The European Union has been working on closer cooperation with the countries in the Mediterranean, especially in North Africa for quite a while. So far diplomatic and economic opening worked...
Read moreHungary’s GDP growth may go above three percent
Ernst & Young’s quarterly Eurozone Forecast reveals that this year Hungary’s economy may grow by 3.3 percent – this would be the best performance since 2006. Ernst & Young CEO...
Read moreMVH answers SMS messages too
From HUF 400 million the Agricultural and Rural Development Agency (MVH) improved its customer service system within the framework of the New Széchenyi Plan. The new system means that MVH...
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Tradition is a trend
In Hungary the average basket value in a bakery is between HUF 250 and 380. One bakery generally needs to serve 1,000-1,300 customers to sustain itself. Obviously bigger bakeries located...
Read moreA new development brings relief to the users of EKÁER
Many businesses are unprepared for the introduction of the EKÁER. The owners sent the data sheets with many mistakes. The ProgAdat Kft. (belonging to the Laurel Group) dealing with commercial...
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Lázár suggests the reduction of the advertising tax
Lázár János Minister of the Prime Minister’s Office proposes advertising tax reduction and to introduce a flat rate system, instead of the current progressive tax tax system on advertising. Lázár...
Read moreThe BMI index increased in January
The value of the purchasing manager index increased by 3.3 percentage points to 54.2 points in January, compared to the previous month's 50.9 points – the Hungarian Logistics, Purchasing and...
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KSH: 843 million euros export surplus
Last November, the exports increased by 3.1 percent in euros, compared with a year earlier, while the imports rose by 2.1 percent. The monthly merchandise trade surplus was 843 million...
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The Hungarian seed is a competitive economic value
Hungary is the sixth largest seed exporter in the world behind France, the Netherlands, the United States, Germany and Chile. This year, 35 percent of the quantity of the seed...
Read moreBisnode: the number of firms decreased last year
The number of active companies between January 2014 and January 2015 decreased by 2.55 percent to 543,692 firms in Hungary – the Bisnode international company rating firm told MTI on...
Read more145.5 million euros support for plantation renewal
In the new EU grant cycle 145.5 million euros support will be available for plantation renewal in Hungary – Feldman Zsolt Deputy Minister of State, resposnible for agri-management said on...
Read moreRetail sales increased by 7 percent in Romania last year
Last year, retail sales increased by 7 percent in Romania, compared to 2013 – teh Romanian national statistical institute announced on Tuesday. The increase is mainly due to the 10.6...
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More than two million poultry were slaughtered because of bird flu in Taiwan
So far more than two million poultry had to be cut down, due to the spreading bird flu epidemic on the island of Taiwan. According to the latest nerws a...
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A paprika grist called Szegedi was withdrawn in the United States
Because of the possible allergy content of peanut, the Szegedi Sweet Hungarian Paprika was withdrawn in the United States. The product was sold between September 18, 2014 and October 13,...
Read moreTwenty-million HUF worth smuggled cigarettes were found in Tiszakerecseny
The finance guards and police officers found Twenty-million HUF worth smuggled cigarettes were found in the region of Tiszakerecseny – the press officer of the Szabolcs-Szatmár-Bereg County Directorate of Customs...
Read moreGood performance – with prices forced down
In the metal packaging market steel cans have the biggest, 70-percent market share. Aluminium solutions – including aerosol cans – represent only 10 percent of the market but they play...
Read moreGKI: Improvement in terms of trade
The GKI Economic Research Co. predicts that – although in 2014 the growth was approx. 3.2 percent a temporarily extremely rapid growth – the deceleration started in the third quarter...
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The two-third of the apple crop is processed by industrial plants
Industrial plants processed the two-third of the annual 820-900 thousand tonnes of apple crop last year – the President of the Product Council in Újfehértó told MTI. Takács Ferenc said...
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Fifteen percent is spent on production from CAP payments
Industry experts say that it is “life saving” that Hungary can spend 15 percent within the direct payments of the Common Agricultural Policy (CAP) between 2015-2020. The allocation of funds...
Read moreThe Pig population increased in Békés County
The pig population increased in Békés County last year, after several years of decline. According to the 1 June 2014data of the Central Statistical Office (KSH), the number of pigs...
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The Central Bank's Growth Loan Program will be popular among the entrepreneurs this year
According to corporate experts of the Budapest Bank, the Central Bank's Growth Loan Program (NHP) will be popular among the businesses this year. The opening of EU funds will bring...
Read moreFazekas: the authority will help to the animal breeders
The Hungarian Veterinary Authority will help the farmerswhose animals were affected by bluetongue desease with all possible tools – Fazekas Sándor, Minister of Agriculture said in response to a question....
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A pumpkin that takes your breath away
A new record has been set for the heaviest pumpkin in Australia and New Zealand. Dale Oliver's winning pumpkin weighed in at 743 kilograms during the Summerland Pumpkin Competition held...
Read moreMagazine: For healthier consumers: voluntary pledges made by food companies
After six months of preparation the Federation of Hungarian Food Industries (ÉFOSZ) published its scheme of voluntary pledges. Already 20 companies have joined the initiative who have made 70 pledges....
Read moreSmall increase in industrial production prices
In August 2014 domestic industrial sales prices rose 0.7 percent on average from the previous month. If compared with the level of August 2013, prices lowered 0.4 percent. Domestic production...
Read moreBridgeheads in North Africa: Algeria
In Algeria, a country with a population of 39 million, there is hardly any land suitable for agricultural production – no wonder that more than 80 percent food is imported....
Read moreEveryone would buy a smart car
Nearly three quarters of consumers, 72 percent would delay buying a car by a year if a smart version was available from their favourite make – reveals an Ericsson-AT&T Drive...
Read moreOnline database about the shops that will remain open on Sundays
The Hungarian-owned content provider the NPMobileComm-NaviPro Group, has launcehed the VasarnapiNyitvatartas.hu site by involving its twenty-thousand commercial and tourism partners in Hungary – the company informs. According to the communication,...
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The Nielsen is the new owner of the Brandbank
Nielsen has announced the acquisition of Brandbank, which collects, manages and distributes FMCG product and brand image content, via digital means, for retail syndication across in-store, print promotional and e-commerce...
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The proportion of separately collected beverage cartons has increased
Last year, the proportion of separately collected beverage cartons has increased by 23 percent in Hungary. According to data of the Beverage Carton Environment Association (IKSZ) the amount of separately...
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