Market News

The average purchase price of corn and wheat decreased in November

In November, the Magro Grain Index (MGX) fell by 14 percent compared to the previous month. The inex that is showing the joint price movement of the Hungarian grains was...

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Better expectations after the summer worsening

In September the GKI-Erste economic sentiment index grew a little. Both consumer and business expectations improved a little. After a 3-month decline the industrial confidence index has been rising a...

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Hungarians consume 25 percent more pork in December

Hungarian people spend more on pork In December; instead of the usual 2 kilogrammes, they consume 25 percent more, approximately 2.5 kilograms per person – the Livestock and Meat Marketing...

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KSH: the detailed data also showed a GDP growth of 3.2 percent

The gross domestic product (GDP) was 3.2 percent higher than a year earlier in this year's third quarter. According to the seasonally and calendar adjusted data the GDP increased by...

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The confectionery market expects the same turnover as in 2013

The turnover of the Hungarian confectionery market last year was a little more than 180 billion HUF. The market players expect a similar amount this year is for the industry...

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The economic committee's proposals for tobacco retail act

In the future, the tobacco retail supplier can be selected by the relevant minister in three ways, the concession fee fows to thestate treasury – the the tobacco retail law’s...

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The consumer protection authority has started the Christmas controls

The consumer protection authority has started the controls associated with the Christmas season – Koszorús László, Deputy Minister of State of the Ministry of National Development (NFH), announced on Tuesday...

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An increase in retail sales in the EU

According to the Wednesday statement of Eurostat, the monthly retail sales grew by 0.7 percent in the European Union (EU) in October, after the 1.2 percent decrease of September. The...

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Chamber of Commerce and Industry: offensive behavior to keep the level of Russian exports

The Hungarian-Russian branch of the Hungarian Chamber of Commerce and Industry – MKIKI – suggests to the Hungarian government that with offensive behavior the level of exports to Russia can...

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Claessens Group-Agrár protects pigs with a lift

With support from the European Union, Claessens Group-Agrár Kft. invested HUF 2.3 billion in expanding its pig farm and stock in Kisbarátipuszta. Somogy County’s biggest livestock farmer spent HUF 1.7...

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The online cash machines have brought fifty billion HUF VAT

Roughly fifty billion HUF more VAT was received from those areas of trade, where black market trade was typical before – the Magyar Nemzet wrote. Pankucsi Zoltán, Deputy Minister of...

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Positive Change: New Effie Award for Sustainable Development

The Positive Change Effie was born in Davos and is the child of Effie Worldwide and the World Economic Forum. The Positive Change Effie awards the most successful brands that...

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The Nébih has launched a food security mobile application

The food security mobile application of the National Food Chain Safety Office (Nébih is available from 1 December. With the new mobile application called Nébih Navigátor, the consumers can effectively...

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An unending work beside the laboratory glassware

Ten thousands of plants are grown in flasks currently at one of the country's renowned micropropagation laboratory. The staff of NAIK is worling to provide high quality GMO-free but more...

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Christmas cloth collection for the benefit of the SOS Children's Villages

The Pólus Center is organizing a Christmas clothes collection for the benefit of the residents of the SOS Children's Villages. The donations can be delivered to the shopping center’s information...

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Moderate shopping fever during the first weekend of Advent in Vienna

The shopping fever was moderate during the first weekend of Advent in Vienna. According to the forecasts, lower sales expected this Christmas season than in last year. According to the...

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Tangible growth in people’s willingness to take out loans

The Deloitte-Scale Bank Index surveys consumer willingness to buy, save and take out loans. We learned from the latest edition of the quarterly index that consumers still tend to say...

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COOP’s refurbished website is the strategic pillar of the company’s digital communication

In the middle of August retail chain COOP launched its refurbished website. With the new layout and redesign the goal was to communicate price promotions and band innovation efficiently, and...

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Bank card payment – when buying from vending machines

Ingenico Group developed iSelf, a device which if integrated in vending machines makes card payment possible. iSelf can be used for contactless card payment, it can read magnetic strips and...

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Pessimistic French consumers

While the European average is 64 percent, 78 percent of French consumers think their country is in a state of economic recession. What is more, 74 percent of them reckon...

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The Superbrands and Business Superbrands Council reached their verdict

For the tenth time a panel of experts selected the best brands from the several thousand that is present in the Hungarian market – these brands have all earned prestige...

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GKI: economic growth will slow down next year

According to the forecast of the GKI Economic Research Institute, teh economic growth will slow further in the forthcoming quarters. The factors contributing to the growth so far – such...

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Safety in numbers: the pálinka of the year

2015 is the year of the apple! The distilleries of Hungary have joined forces this year, just kike in the previous years, to prepare the pálinka of the year, this...

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The Hungarian paprika production is declining

Slowly the Hungarian paprika production is wasting away, if nothing changes – the president of the Hungarian Spice Paprika Product Council told Magyar Nemzet. This page quoted Németh József in...

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The website of NÉBIHis developed for visually impaired people

To measure teh health of our society and our communities is the appreciation of those who have disabilities and need the help of the healthy people – Zsigó Robert Minister...

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Biological agents in hutches and plants

In the second quarter of 2015, the employment agency highly verifiers that that if the employers pay enough attention to the prevention of infections caused by biological agents. This year's...

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Retailers may profit from the switch to online cash registers

According to István Bessenyei, owner-managing director of the Laurel Group, cash registers with PC connection such as Jota, Sento or CashCube can be integrated into SKU management systems. With such...

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Optimistic online shops

GKI Digital and árukereső.hu’s joint survey found that in Q2 2014 sales realised by online shops grew robustly. It doesn’t come as a surprise that the mood is rather optimistic...

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Hungarian company successfully launches mobile payment in Thailand

Early October a Hungarian company, Cellum Zrt. launched a mobile wallet service in Thailand. DTAC is Thailand’s second biggest mobile service provider with 28 million subscribers. DTAC is owned by...

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Hungary’s food retailers follow the best European trends

The food retail trends of Hungar in the third quarter of 2014 are belonging among the bests in Europe. During July-September 2014 in-store sales in value of rose yb 4.4...

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