Market News
Illegal distillery was found in Szabolcs
The finance guards found an illegal distillery at one of the settlements in Szabolcs-Szatmár-Bereg County. Magyar Norbert, Press Officer of the Szabolcs-Szatmár-Bereg County National Tax and Customs Authority told MTI...
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NAV auctioneers chocolates
The starting price of 500 chocolates is 50 thousand forints. The products will expire in mid-September. The National Tax and Customs Authority (NAV) regularly advertises different products, real estates, that...
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Miracle in Brazil
The first months of 2016 produced an unexpected sales growth for retailers in Brazil. Sales were up 1.2 percent in February – the biggest growth since July 2013. There has...
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More funding available in more areas
The annual framework budget of the Economic Development and Innovation Operative Programme (GINOP) got HUF 300 billion bigger. This means that until the end of 2016 businesses can apply for...
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Magazine: Business travel abroad is what Hungarians want
Young Hungarian workers, especially men, are very much attracted by international opportunities. The latest findings of the Randstad Workmonitor show that 79 percent of Hungarian men younger than 34 years...
Read moreAnalysts: the increase in retail sales may continue throughout the year
The growth in retail sales continues during the year – according to analysts interviewed by MTI, who mentioned the increase in net real wages as the main reason. The Central...
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Wheat replaces Makói onion
Fewer and fewer onion is grown in Hungary. Rather wheat is produced in the Makó region, instead of garlic and onions – Népszabadság Online wrote. – While the cost of...
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Domestic watermelon is very popular abroad
The melon yield can reach up to 240 thousand tons this year – Magyar Hírlap Online wrote. Half of this amount goes for export, mainly to Germany. The melon growers...
Read moreAnother tender was announced for farmers
About 19.68 billion HUF applications were announced by the Prime Minister's Office within a tender invitation on Monday. According to the notice, the supports can be used to establish crop...
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The Greeks have stopped spending on food
The sanctions and tax increases caused a decline in household spendings in Greece – mfor.hu wrote, after Kathimerini daily. The newspaper in its Sunday edition reports that the Greek population...
Read moreRobot farmers in Japan
Human-like robots and self-driving tractors are the future to replace the agricultural labor force in Japan – agrarszektor.hu wrote. The reason is that the Japanese farmers are getting too old...
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Magazine: A new approach in shop fitting
In the last few years there has been great progress in the field of shop fitting design, in terms of both material use and creative ideas. Brand communication can only...
Read moreKSH: Retail sales rose 4.7 percent in April
According to the raw data, retail sales increased by 4.7 percent in April, compared to the same period of the previous year. According to the calendar effect adjusted data the...
Read moreAnother program will start to support horticulture
The Ministry of Agriculture launches a new five-year agri-environment program for the horticultural industry from 2016, which provides 15 billion HUF additional support capabilities to the farmers – Kis Miklós...
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Ultrasound may help in the production of the perfect chocolate
Professor Imogen Foubert from the KU Leuven Department of Microbial and Molecular Systems explains: “Cocoa butter crystallises as the liquid chocolate hardens. Five types of crystals can be formed during...
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KKM: the national trading house will open two offices in India
The Hungarian National Trading House Plc. (MNKH) will open two offices in India before the end of the year. One of the offices will open in north and the other...
Read moreRomanian retail sales continued to rise in April
In April, Romanian retail sales volume increased by 6.7 percent, compared to March – the Romanian national statistical institute announced on Friday The sales of food, drinks and tobacco products...
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Size matters the most in the household paper product market
Household paper towels have remained the engine of sales growth with a performance above 10 percent. Facial tissue volume sales went above 5 percent and did better than toilet papers....
Read moreFood prices increased further in May
FAO’s world food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, rose 2.1 percent in May to average 155.8 points. Rising...
Read moreKSH: export and import declined in March
In March, the value of exports in euros decreased by 3.5, while imports by 3.2 percent compared to a year before, the trade balance surplus declined by 58 million euros...
Read moreMNKH: Hungarian food exports to China expand further
Another four Hungarian food companies might appear in the Chinese market. With the contribution of the Hungarian National Trading House (MNKH) sweets and wine will be exported in a value...
Read moreMLSZKSZ: the development of intermodal transport will bring several tens of billions on a national economic level
The Association of the Hungarian Logistics Service Centers (MLSZKSZ) submitted a proposal to the Ministry of National Economy to improve the functioning of the domestic intermodal freight transport system. According...
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Russia has eased the embargo on agricultural products intended for children’s consumption
The Russian government has decided to ease the food embargo introduced against Western countries and allow the import of poultry meat, beef and vegetables used for baby food. Importers will...
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The Nébih found active pharmaceutical ingredients in dietary supplement
The National Food Chain Safety Office (Nébih) found active pharmaceutical ingredients in three dietary supplements, ordered online. The National Food Chain Safety Office (Nébih) ordered the withdrawal of the products...
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Significant growth in both value and volume sales
Like-for-like fruit juice sales were up 11 percent in value and 8 percent in volume between February 2015 and January 2016; value sales reached HUF 47 billion in this period....
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Magazine: A world of new flavours
In 2015 carbonated soft drink sales kept growing. Coca-Cola Hungary’s communications director Valentin Tóth told our magazine that the importance of hypermarkets decreased a little in sales, while supermarkets and...
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MNB: the efficiency of the Hungarian cash flow increased significantly
The effectiveness of the Hungarian cash flow has grown exceptionally in international comparison last year. Each indicators measuring the spread of remittances, purchases, electronic payments and electronic bill payments have...
Read moreThe “Agrárium 2016” agricultural data collection continues
Within the “Agrárium 2016” agricultural census of the Central Statistical Office (KSH), 590 thousand farmers will be listed in 1442 settlements from 1 June to 15 July. The Central Statistical...
Read moreMore than six hundred domestic M&A transactions were closed in the last six years
More than 600 public transactions were concluded in Hungary between 2010 and 2015 on the domestic market of mergers and acquisitions (M&A). The total value of these transactions is estimated...
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