Market News
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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Economic sentiment improved in the EU in February
The Economic sentiment has improved in the EU28 in February, as well as in the Euro Zone – according to the communication of the European Commission (EC) that was released...
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The two-third of the population barely able to save
In Hungary, 61 percent of the economically active age group (25-55 year olds) can be considered as savers. They save an average of 20 thousand HUF per month– the Union...
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Hungary is the privileged partner of the Croatian Viroexpo
Hungary is the privileged partner of the 20th Viroexpo international fair, which was opened on Friday in Verőce – the Hungarian Embassy told MTI. Fifty-one Hungarian companies participate at the...
Read moreFifteen thousand boxes of smuggled cigarettes were found in Pécs
Fifteen thousand boxes of cigarettes without tax stamps were found by the finance officers in a Hungarian truck – the NAV informed MTI on Thursday Bus Szilvia the Press Officer...
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Consumers want snacks with natural flavours and ingredients
An international survey on sweets and salty snacks found that three quarters of consumers want products with natural flavours and ingredients – these characteristics are more important to them than...
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Chocolate rabbit is the most popular
Easter confectionery sales amounted to HUF 4 billion and represented 940 tons in the three-month season last year. Like-for-like value sales surged by 12 percent and volume sales bettered by...
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There is value in chocolate figures
Last year’s improved consumer mood manifested in the sales data of Easter chocolate figures too. More and better quality products were purchased in 2014. – Besides a 2-percent growth in...
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A 17-billion-forint annual market
Mayonnaise, ketchup and mustard generated a HUF 17-billion combined turnover in the December 2013 – November 2014 period. Value sales improved 4 percent from the base period. Mayonnaise sales valued...
Read moreKSH: retail sales rose by 5.6 percent in December
According to calendar adjusted data, retail sales rose by 5.6 percent in last December, while in 2014 the volume of sales was 5.2 percent, higher than in the previous year...
Read moreThe Sunday store closure can rearrange the turnover towards smaller shops
The Sunday store closure can affect third of the Hungarians, who buy intensively on the last day of the week. They will have to purchase in more expensive, smaller shops....
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The food processing strategy has been completed
The food processing strategy has been completed, which is expected to be discussed by the government in a few weeks – Zsigó Róbert announced at a professional forum. Zsigó Róbert,...
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Lázár János initiates a meeting in connection with the advertising tax amendment
Lázár János initiates the meeting of the Economic Committee in order to discuss the possibilities of the changes in the advertising tax – the Prime Minister's Office told MTI on...
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Investment increased by 14 percent last year
A total of 5,216 billion HUF was spent on investments in Hungary in 2014, 14 percent more than a year before. The investments increased in the majority of teh sectors...
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Magazine: Spicier flavours from condiment makers
Easter is one of the driving forces behind mustard, ketchup, mayonnaise and horseradish sales. Last year sales expanded, in part because barbecues are becoming trendier, creating a third season for...
Read moreEKAER: the NiT Hungary ask for a longer fine-free period
The NiT Hungary ask for the extension of the fine-free test period from the government. The Executive Secretary General of the advocacy organization, Dittel Gábor wrote a letter to Varga...
Read moreChina has dropped some of the world's leading technology brands from its approved state purchase list
China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response...
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Two-digit growth in value and volume sales alike
In the two-month Easter period of 2014 ham and smoked meat were sold in the value of HUF 7 billion. This constitutes a 15-percent increase from the category’s performance in...
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More and more stores sell Quality Hungarian Pork
Pork products marked with the Quality Hungarian Pork (KMS) trademark. Hungarian pork meat and pork products are only allowed to use the KMS trademark if they regularly go through the...
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Nielsen: more people were watching food, chemicals and cosmetics commercials
The domestic TV commercials of food, household chemicals and cosmetics reached 1 percent more GRP last year, than a year before – according to a Nielsen Audience Measurement Ltd. The...
Read moreThe MLSZKSZ welcomes the retuning of EKÁER
The Association of Hungarian Logistics Service Centers (MLSZKSZ) welcomes the government's efforts that they retune the EKÁER system, building on the experiences of the two-month test period. The Association considers...
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Credit Market: More than half of the Hungarians do not compare the offers
The Hungarians’ trust in crediting shows a rising trend in the recent period; nearly two-third of the population accepts or even considers the good credit scheme as an option –...
Read moreFrench consumer confidence rose to a nearly three years peak
The French consumer confidence has increased to a nearly three years peak in February – according to the data of the French statistical office (INSEE). The index increased in February...
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Patterns inside the bottle
O-I, the owner of more than 50 years old Orosháza Container Glass Factory, had its internally embossed bottles patented in 2010. The innovation was first used in the neck of...
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A change in store type shares
General cleaner retail sales were between HUF 9 and 10 billion in the first ten months of recent years. The category is the 9th biggest from the 70 household chemical...
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CAP direct payments legislation is ready
The new legislation regulating the direct subsidies through the Common Agricultural Policy (CAP) has now reached the conciliation stage. In Hungary seven regulations have been worked out by the Ministry...
Read moreMagazine: What to expect from the 2014 vintage?
According to Dr Zsombor Sümegi, development director of the National Council of Wine Communities (HNT), 2014 wasn’t an easy year for Hungarian winemakers, it was full of challenges. There was...
Read moreA paradigm shift is needed in the role of the sales organizations
In recent years, the sales efficiency is often mentioned as the task that the sales organizations are facing, mostly without specifics. With the aim to have an instant picture of...
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