Market News
Harvest has begun in Békés county.
Winter barley is produced on 12.5 thousand hectares in Békés county. The experts forecast 4.5 tons per hectare average yields. The winter barley harvest has started in every district of...
Read more
The MakerBot has opened its first European Innovation Centre
MakerBot’s first European Innovation Centre was opened near Milan, at the University of Cattenao (LIUC) on 10 June, at the innovation centre nearly 2 thousand students can use 20 pieces...
Read more
HEINEKEN conquers Asia and Mexico
HEINEKEN, the world’s third biggest brewing company performed better than they had hoped, because sales in the Asian market increased by 11 percent. Heineken’s volume sales were up 2.2 percent...
Read more
BGA will continue its lobbies
Though the parliament passed the amendment of the ad tax act, BGA will continue its lobbies to delete the notion of self-ads detrimental to brand building....
Read more
Wine competition at a higher level
Tamás Tornai, the president of the National Council of Wine Communities (HNT) told at a press conference that they wish to integrate many existing wine competitions into the Hungarian Wine...
Read more
BGA is a sponsoring partner of the annual Unfair Commercial Practices Directive
For the third year now, BGA is a sponsoring partner of the annual Unfair Commercial Practices Directive conference this time focusing on cosmetics and social media....
Read more
Ice cream sales: the concentration process came to a halt
With annual sales above HUF 22 billion, ice cream is in the top 20 of the 90 grocery categories audited by Nielsen. Retail value sales fell 2 percent and volume...
Read more
Sixty-five large food companies will be left out of the development support
A total of 65 domestic large food companies in Hungary will not receive development support in the 2015-2020 budget cycle – agrárszektor.hu wrote, on the basis of KSH’s list. The...
Read moreThe ÉFOSZ calls for VAT cuts
The National Association of Food Industries welcomes the adoption of the Food Development Strategy – the ÉFOSZ published on its website. The organization considers the government-level recognition of the food...
Read more
Nielsen: the majority of the retail promotions close with losses
Food, household chemical goods and cosmetics manufacturing companies close six out of ten retail discount actions with lossses and the balance is deteriorating further – the three-year analysis of the...
Read more
Dispersed prices in the European Union
The difference between the price level of the cheapest and the most expensive country was nearly threefold in the EU last year. According to the survey of Eurostat, published on...
Read more
KSH: average earnings rose by 3.6 percent in April
Average earnings increased by 3.6 percent in April, compared to the same period of the previous year. Without public workers, the increase was 2.6 percent – the Central Statistical Office...
Read more
We hardly know our consumer rights
Despite the fact that the Hungarians are facing more problems during the purchasing of goods or services, and we also buy more often under the effect of misleading advertisings, we...
Read more
HIPA: working capital inflow may increase further
In the next period, the working capital inflow may increase in Hungary further and the data of the first five months also indicate that there is an investor-friendly environment in...
Read more
Counterfeiting threatens the economy of the EU
Intellectual property rights (IPR) related industries are increasingly threatened by organized crime, producing and selling counterfeit products – the notice of the National Board Against Counterfeiting (HENT) warns. The notice...
Read moreFour Hungarian universities have developed food safety curriculum
A food safety curriculum was developed by four Hungarian universities. The participating universities were the Universities of Debrecen, Szeged, Eger and the Western Hungarian University – Jávor András, vice-rector of...
Read moreSmuggled cigarettes were seized near Beregdaróc
Nine thousand boxes of cigarettes worth 7.5 million HUF were left behind by fleeing smugglers near Beregdaróc – the press officer of the National Tax and Customs Administration (NAV) told...
Read more
Paris’s iconic department store la Samaritaine to be extended
The La Samaritaine, which is one of Paris’s iconic landmarks, is to be reborn following an ambitious makeover project. The famous department store, first opened in 1870, is situated between...
Read more
After the (almost) seven lean years
The economy seems to be recovering from recession that started in 2008, but the question is: can the old model be used any longer? It is sure that the last...
Read moreBeers that give more: the Association of Hungarian Brewers opens the new season
In May the Association of Hungarian Brewers launched its ‘Beers that give more’ programme. The objective is to educate consumers about beer and beer consumption. It will be at the...
Read more
Where does the meat come from?
As of 1 April more precise data must be indicated on packaged fresh, cooled and frozen meat in the European Union. In most cases the place of origin has to...
Read more
Aerospace & Defense Executive Joins Stanton Chase
Kristi Moe, a veteran aerospace and defense executive, has joined the Atlanta office of Stanton Chase, a global retained executive search firm, as a Director. The announcement was made by...
Read moreThe agricultural producer prices are driven down by global overproduction
According to the latest data of the Central Statistical Office (KSH), the twenty-two month-long downward trend in the agricultural price index continued in April 2015. According to the data of...
Read moreThe NFM stands by the central tobacco shop supplier
According to the Ministry of National Development (NFM), tobacco sales will be faster and more flexible with the cooperation of the central tobacco shop supplier from 1 November. The NFM...
Read more
The NAV seized more than half a million bottles of spirits
More than half a million bottles of spirits were seized by the National Tax and Customs Administration (NAV) at a beverage wholesaler. The wholesaler was previously fined for 100 million...
Read more
New professional award for young leaders
The Academy of Young Leaders (Fiatal Vezetők Akadémiája) announces the “Young Leader of the Year – 2015” award for the first time. The award would recognize the managers with exemplary...
Read moreUS-Chinese cooperation to encourage Chinese investment
The newly formed Hungarian-Chinese New Immigrants Investment Encouraging Association (MBKSZ) and the Hungarian National Hungaricums and Values Association (MNHSZ) signed a cooperation agreement to encourage Chinese investment in Hungary –...
Read more
Mobile phones are our virtual wallet
Mobile technologies are changing the way retail works and retailers have to adapt to these changes – says Balázs Szánthó, concept manager with Media Markt. The consumer electronics retailer is...
Read more
Magazin: The age of cheap money
After the Central Bank of Hungary (MNB) had cut the base rate again, the forint weakened against the euro and climbed to the zone way above 300. Interest rates are...
Read moreSavings Bank: private consumption can be the engine for economic growth
The Savings Bank analysts say that the GDP in 2015 will increase by 3.3 percent in Hungary, while they believe that inflation will be higher than expected, an annual average...
Read more