Market News

International brands move to Székesfehérvár

On 19 September National Economy Minister Mihály Varga and mayor András Cser-Palkovics were both present when Mondelez’s new production unit was inaugurated in Székesfehérvár. Milka, Cadbury TUC, LU and Ritz...

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51827.png Hundreds of million spent on laboratories and studios at the University of Kaposvár

The University of Kaposvár spent HUF 443 million on infrastructural development, part of which was realised at the Faculty of Agriculture and Environmental Sciences. Research, development, innovation and education all...

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Rondo expands Soroksár factory

Austrian group Rondo celebrated the 20th anniversary of establishing its Hungarian affiliate with opening a HUF 350-million factory. The company now produces corrugated board products on 10,000m² in Soroksár. Rondo...

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The prospects for agriculture are promising

Czerván György, the Minister of State for the Ministry of Agriculture, responsible for Agri Management called the agriculture prospects encouraging this year and for the next years. Czerván George, agrárgazdaságért...

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Hungary is world leader in per capita duck meat production

We increasingly look for products made from duck instead of goose meat and foie gras – agrarszektor.hu wrote. The duck is cheaper and many say it is tastier by many...

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One week has been left for those who are not willing to pay security risk after 1 March

The NGM has extended the test run of the EKÁER system until 22 January, and those who are obliged do not have to pay the security risk until 28 February...

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FM: 170 million HUF support to the seasoning paprika growers

The Ministry of Agriculture (FM) provides approximately 170 million HUF support to the seasoning paprika growers this year – the ministry published on the news site of the government on...

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The revenue of the Belgian food industry is five times bigger than the revenue of the Hungarian food industry

Belgium’s land area is less than Hungary’s, however the output per farm is still ten times more there than in Hungary, while the revenue of the Belgian food industry is...

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Public catering should use more local products!

The public catering should use more locally grown, healthy agricultural products at a higher proportion – Gajda Róbert, Government commissioner, leader of the Békés County Government in Sarkad, where he...

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NAV: Seventy-five tons of unmarked potatoes were found in Szabolcs-Szatmár-Bereg county

The members of the regional electric road freight control system (ekáer) of the National Tax and Customs Authority (NAV) found seventy-five tons of unmarked Polish potatoes in Szabolcs-Szatmár-Bereg county. Dávid...

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SMEs can modernise the technology they use from a bigger budget

From the recently started European Union funding schemes, those enterprises can profit the most which plan to invest in technological modernisation: instead of the originally declared HUF 5 billion they...

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Today’s youth is spoiled!

At a conference held on 20 November in Budapest, Dr Mária Törőcsik, a professor at the University of Pécs, presented the results of a survey on the so-called Generation Z....

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The ekáer’s trial run was extended until the first of March

The government extended the trial run of the electronic control system for road freight (ekáer) until the first of March take the proposal of the operators into consideration – the...

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Hungary is preparing to produce GMO-free milk, meat and eggs

Hungary is preparing to produce genetic manipulation-free (GMO-free), milk, meat and eggs. The necessary first steps have already been done in the case of milk. Nagy István, Parliamentary Minister of...

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KSH: a record crop occured from corn last year

Last year, the yields of all-important autumn harvested plants were higher than in the previous year, and from corn a record crop occured. The yield increased by 42.3 percent over...

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Who will check the Sunday store closure

The Hungarian Trade Licensing Office has published which authorities will check the compliance with the Sunday store closure regulation that will came into force on 15 March. The commercial activities...

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The Rondo Hullámkartongyártó Kft. increased its turnover in 2014

The Rondo Hullámkartongyártó Kft. (Rondo Corrugated Manufacturer Ltd.) last year reached a 12 billion HUF turnover, and increased its sales by 5 percent this year and plans to implemend a...

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Office space is eight times cheaper in Budapest than in London's West End

The rental cost of one square meter of an office costs 2,945 USD in London's West End a year, in Budapest you only have to pay 366 USD, the difference...

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The sales of luxury goods stopped in China

Geopolitical troubles and anticorruption measures in China are taking their toll on the world’s luxury industry, as sales in the sector will likely fall both in China and Russia this...

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We used our bank cards the most on Fridays in December

We loved our bellies during Christmas the most. At least we can draw the conclusions on the basis of the December 2014 traffic datas of Global Payments global market leader...

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Advertising Association: the advertising tax distorts the competition in the market

The advertising tax distorts the competition in the Hungarian media market, it inhibits the growth and innovation, and has a negative impact on the content, quality and quantity of the...

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EKÁER: the MLSZKSZ requires a further two months grace period

The Association of the Hungarian Logistics Service Centers (MLSZKSZ) and the Hungarian Freighting and Logistics Service Providers Association (MSZSZ) summarized the practical experiences of the road freight electronic control system...

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MNKSZ: the calculations of VOSZ are not proper

According to the Hungarian National Trade Association (MNKSZ), the Tuesday statement of the National Association of Entrepreneurs and Employers (VOSZ) is unfounded in connection with the Sunday store closure and...

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The rate of wage growth slowed in November

The average gross wage growth slowed in November, compared to the same period of the previous year, but in terms of regular gross earnings the trend remained positive, according to...

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Inflation may be lower, due to the persistently low oil prices

If the price of oil remain low in 2015 on the international markets, the annual inflation may be lower than the Ministry of National Economy’s (NGM) forecast of 1.8 percent...

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The AMC welcomes the Hungarian initiative on GMOs

The Agricultural Marketing Centre (AMC) General Directorate of the Hungarian National Tourist Office welcomes Fazekas Sándor Minister of Agriculture's announcement that Hungary initiated a cooperation for countries that are against...

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Hungarian Product partners meeting

HUNGARIAN PRODUCT Nonprofit Kft. organised an informal partners meeting on 7 November, where participants were also playing games connected to the theme of the traditional Hungarian pig slaughter. Managing director...

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Nielsen: the buying mood of the Hungarian consumers is still huge

The buying mood of the Hungarian consumers continues to be huge – on the basis of the trends of the recent twelve-months. The retail sales of food products increased by...

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Economists: economic growth should be made sustainable

2014 was a successful year in the Hungarian economy, but it was also due to external factors, and Hungary in terms of innovation, and poverty is lagging behind the European...

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Demján: 200-250 billion HUF will fall out of the budget due to the Sunday store closure

According to the executive Chairman of the National Association of Entrepreneurs and Employers (VOSZ), it is expected that 200-250 billion HUF less revenue will flow into the budget due to...

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