Market News
Dairy products: value sales grew
Value sales of the fourteen dairy product categories audited by Nielsen grew 2 percent to HUF 187 billion in the December 2014-July 2015 period. As for the performance of dairy...
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Sales up 6 percent on average
Combined retail sales of spirits in the nine categories audited by Nielsen amounted to HUF 47 billion, growing by 6 percent in December 2014-Jul 2015. Bitter (15 percent), pálinka (14...
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Magazine: Tax levied on ‘feelings’
At the end of the year spirits are among the most popular gifts – the category realises 15-20 percent of annual sales in this period. However, the introduction of the...
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Nielsen: the value and volume of food retail increased as well
The food retail trade achieved a turnover of close to 1,300 billion HUF, between December 2014 and September 2015 in the ninety product categories measured by Nielsen; 5 percent more...
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FruitVeB: third less fruit grown than last year
It is estimated that about 30 percent less less fruits grown this year than last year – the president of the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) told MTI...
Read moreCzerván: wine producers expect a better than average vintage
The wine producers expect a better than average vintage, based on the quantity and quality of the grape harvest – Czerván György Minister of State responsible for agri-management said in...
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Online cash registers: the NAV imposed two billion HUF fines
Due to abuses in terms of online cash registers, the National Tax and Customs Administration (NAV) imposed two billion HUF fines – the Világgazdaság Online wrote after Magyar Idők. Kis...
Read moreThe leasing companies will also be involved in the financing of investments in agriculture
In the EU budget cycle that lasts until 2020, 628 billion per year will be available for the support of agriculture, of which 80 percent will be available for investments...
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The Christmas season starts online
The range of gifts will not change significantly, mostly various books, toys, electrical goods, computers, electronics sorts of clothing, household equipment will be under the Christmas trees. Toys are the...
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The Hungarian Highlands Depository has been established
With the support of the Ministry of Agriculture, the Civic Association of Farmers organized a conference titled Hungarikum and the Hungarian values of the Hungarian Highlands in Fülekpüspöki. At the...
Read moreCloser agriculture ties between Kazakhstan and Hungary
Nagy István, Parliamentary Minister of State of the Ministry of Agriculture (FM) negotiated with Szaparhan Keszikbajevics Omarov Kazakhstan’s Deputy Minister of the Agricultural Ministry to tighten agriculture ties between Kazakhstan...
Read moreRetail sales rose by 5.5 percent in the Czech Republic in September
Retail sales rose by 5.5 percent in the Czech Republic in September on an annual level. The index was 3.3 percent in August – the Czech Statistical Office announced on...
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Another big growth in television advertising spending
Between December 2014 and July 2015 tea sales were above HUF 8 billion in value. Value sales rose 1 percent but volume sales fell 2 percent. Manufacturer brands realised 84...
Read morePork is their trademark
On 2 September György Osvay, the CEO of Szerencs Agriculture Zrt. and Dr Antal Németh, the president of the Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) ceremonially signed...
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Interpreting the advertising law
As of 4 July 2014 the Hungarian parliament amended the Advertisement Act (Act 48 of 2008) with Act 72 of 2015 (Budget Act). In order to see clearly in the...
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Magazine: Trendy new gifts and evergreens
The advertising, promotional and business gift industry keeps evolving and innovating, so there is no shortage of new products in the market. Economic recession has consolidated the market and now...
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Analysts: retail trade may grow by 5-6 percent this year
The macro-analysts of the Savings Bank and the K & H banks expect for a further sustained growth in retail sales. For the whole year a 5-6 percent growth is...
Read moreNot every store will be obliged to increase the number of staff
The mandatory staff number requirement would be iintroduced only in supermarkets selling food and daily consumer goods – the Magyar Idők wrote. So the malls do not have to expand...
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NGM: retail sales became clearer thanks to the introduction of the online cash registers
The effect of the introduction of the online cash registers in last September could be only felt moderately, but this year retail sales became clearer as well as the economy...
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The public media plans to increase its advertising revenues
The public media will sell its television, radio and online advertising surfaces within a public procurement procedure. The winner became the Média Services Company Magyarország Kft.. The aim of the...
Read moreAdministration facilitation for wine producers
The electronic cellar diary is expected to be introduced at the larger wine cellars, while the smaller producers, producing less than one thousand hectoliters per year are exempted from the...
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Nébih: minor deficiencies in case of garlic creams
The National Food Chain Safety Office (Nébih) carried out the official investigations of five garlic creams. During the tests, minor deficiencies were found – the agency told MTI on Thursday....
Read moreThe young farmers were given support for more than 150 thousand hectares this year
This year, the young farmers claimed supports for about 154,000 thousand hectares, for an average of 15 hectares – Czerván György said on Thursday at the ceremonial handover of the...
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Retail sales of the Eurozone decreased, while the retail sales of the EU increased in September
The volume of retail sales of the Eurozone declined, while the retail sales of the European Union increased in September on a monthly basis. The EU's statistical office (Eurostat) reported...
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The European Union forecasts a modest economic growth
Despite the drop in oil prices and the relatively weak euro, a moderate economic growth can be expected in all countries of the European Union – according to the autumn...
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Legislation should be modified
According to the Hungarian Cash Register Association, the legislation on online cash registers should be modified. At the moment online cash registers mustn’t be sold, so if a shop goes...
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E-money in the cash register
More than a thousand, NAV-approved cash registers can now be used to accept payment in e-money. Barion’s e-payment solution is featured in 1,200 large and 100 small cash registers manufactured...
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Discussions on the opening hours near the Lake Balaton
The Lake Balaton Association (BSZ) consits of municipalities near the lake would like to achieve the shops to be open on Sunday for a few occassions during the summer instead...
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