Market News
Generation Y is now history, here comes Generation Z
According to an expert at AdAge, the so-called Generation Z will be an even bigger challenge for marketing managers to reach than Generation Y was. There are 72 million consumers...
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Domestic advertising spendings increased by nearly eight percent last year
Last year’s 189.05 billion HUF domestic advertising spendings exceeds the data of 2013 by 7.77 percent – Hivatal Péter, teh vice president of the Hungarian Advertising Association (MRSZ) announced on...
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Magazine: Consumer confidence record – but with worries in the background
Ingo Schier, Nielsen’s director in Germany, told to trade magazine Lebensmittel Zeitung at the end of last year that in the first quarter of 2014 consumer confidence was at record...
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Advertising cake: the total press media market revenue became 100.416 billion HUF in 2014
The press market revenues of 2014 were published. The press media market achieved 34.637 billion HUF advertising revenues and 60.179 billion HUF sales in 2014. In addition, the print companies...
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The excise fuse for alcohol products to be decreased to twenty million HUF
The excise fuse for alcohol products will be decreased to twenty million HUF after the National Assembly adopted the bill of Lázár János Minister leading the Prime Minister’s Office and...
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The government considers to introduce a 3-5 percent tax on advertising
The government is considering to introduce a 3-5 percent tax on advertising and seeks to protect the smaller media companies. Specific proposals for the amendment of the advertising tax has...
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An increase in the domestic direct and interactive marketing market
The Direct and Interactive Marketing Association (DIMSZ) published its report on the 2014 Direct Marketing sector spendings on 3 March. The market spendings increased. The sector maintained its fourth place...
Read moreThe Spring cereal seed price forecast was published
The Seed Association Interprofessional Organization and Marketing Board has announced this year’s forecasted prices on spring barley, spring wheat and oats. The price is net 94 thousand HUF per tonne....
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Consumer prices fell in the euro zone in February
The consumer prices in the euro zone fell by 0.3 percent on an annual basis in February, after the 0.6 percent annual decline of January – according to the preliminary...
Read moreGerman retail sales increased
Annual retail sales in Germany increased in January by 5.3 percent in real terms. In nominal value retail sales rose with an annual 4.1 percent – according to preliminary data...
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NAV: the finance officers seized tens of thousands of counterfeit shoes and clothing
More than 21 thousand pairs of counterfeit shoes and slippers, 13.5 thousand counterfeit T-shirts and jeans, as well as three thousand fake baseball caps were seized by the National Tax...
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The ‘tigers’ of the Far East like Hungarian meat
Japan’s population is 127 million and it is an aging society, as only 8 children are born per 1,000 people a year. The Japanese economy is growing between 2 and...
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New trading houses in Asia and Africa
In December Hungary opened four new trading houses: in Mongolia, Morocco, Botswana and the Republic of South Africa. Mongolia has great potential for Hungary, in the last two years the...
Read moreGKI: slowing growth and upgrade may come this year
After last year's exceptionally fast 3.5 percent growth, a deceleration may come. The GKI expects a 2 percent economic growth, and that the credit rating agencies will upgrade Hungary’s classification...
Read moreThe Hungarian agriculture grew with the fastest pace in the EU
The output of the Hungarian agriculture expanded with the fastest pace in the EU in 2014 – the Minister of Agriculture said on Friday in Budapest at the Agrya Young...
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No more tricks with the online cash registers
The Hungarian Cash Register Alliance's research found that 20 percent of the users would still use tricks on the online cash machines, if it would be possible. Two hundred dealers...
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MasterCard: the list of the best mobile shopping applications in 2015
MasterCard announced its unique “Mobile Top App Index”, a European Index of mobile shopping apps. The index not only showcasestop the best mobile shopping apps from across 36 European countries,...
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Gyuricza Csaba is the new president of the MVH
Gyuricza Csaba, the Dean of the Agricultural and Environmental Sciences Faculty of the Szent István University will be the new president of the Agriculture and Rural Development Agency (MVH) –...
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More than a hundred thousand birds were killed due to bird flu in Füzesgyarmat
The elimination of more than a hundred thousand duck stock is completed at the poultry farm in Füzesgyarmat, where the bird flu virus turned up last week. The detected H5N8...
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British researchers looking for new climate change resistant coffee beans
Scientists at the Royal Botanic Gardens in Kew have begun a desperate bid to find a new bean of coffee which can thrive as the climate warms, before the world’s...
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The first food Ombudsman was appointed in Slovenia
The government appointed Joza Podgorsek to the post with a five-year mandate. He is the Dean of the Agricultural College. The Ombudsman told the Delo Slovenian newspaper that his aim...
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U.S. Attorney General Eric Holder would strenghten the security of the malls
Eric Holder, who will be leaving his post in the coming weeks, sat down for an interview with CNN at the U.S. Department of Justice headquarters Thursday in Washington D.C....
Read moreActive agricultural producers are about to be born
After the European Union, the concept of ‘active agricultural producer’ is introduced in Hungary too. From 2015 only those are entitled to receive direct subsidies who qualify as ‘active farmers’....
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Young farmers can count on more funding
Despite less money – EUR 373 billion – from the CAP, the 2014-2020 period brings considerable funding for young farmers: they will receive 3-4 percent of the total sum. In...
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Magazine: The salty snacks market has been taken off the medical ventilator
Based on data from the first 11 months of 2014 it seems that salty snacks are now past the worst: sales have started increasing again....
Read moreMVH made the most EMVA payments last year
The Agricultural and Rural Development Agency (MVH) paid the biggest sum, HUF 258 billion in subsidies to projects co-financed from the European Regional Development Fund. MVH awarded HUF 160.5 billion...
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More on the spot checks
Bad news for farmers: the European Court of Auditors (ECA) decided to follow a stricter payment control policy in the next programming period. In the case of Hungary this means...
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Back to six from seven
From 15 March 2015 shops stay closed on Sundays in Hungary. Who is this good for? Perhaps for families, but definitely not for the families of those 15,000-20,000 people who...
Read moreThe NGM expects the further expansion of retail trade
The retail sales reached a ten-year record in 2014 – the Ministry of National Economy (NGM) told MTI on Thursday MTI, commenting the data of the Central Statistical Office (KSH)....
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The NAV would explore the unreported machines
The tax authorities would explore the food vending machines that were not reported by their operators with targeted inspections. The National Tax and Customs Administration (NAV) told MTI on Friday...
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