Market News
The CBA, Coop and the Reál are supporting the Sunday shop closure
Date: 2014-11-18 12:20:21
The CBA, Coop and the Reál have the highest turnover (combined revenues of 1,441.4 billion HUF in 2013, 77,000 employees) among the chains in Hungary. Now these three Hungarian owned...
Read more
The sales of daily consumer goods would be prohibited for the large loss making companies
Date: 2014-11-18 12:12:50
From January 2018, the government would prohibit the sales of daily consumer goods for the big companies that have zero or negative net income in two business years in a...
Read more
Stronger consumer demand for quality food products
Date: 2014-11-18 12:10:22
The demand for high-quality, healthy products is becaoming stronger with conscious consumer behavior – said Helik Ferenc, head of the Board of Directors of the priority issues at the National...
Read more
KPMG: the corporate debt market can switch to a higher gear
Date: 2014-11-18 11:40:24
Banks are more optimistic in relation of the future prospects of the corporate debt market – the KPMG sets in the sixth edition of its Corporate Lending Sentiment Index publication....
Read more
More and more people would be their own bosses
Date: 2014-11-18 11:20:38
The flexible forms of employment are given a larger emphasis in Hungary, such as self-employment. Not only globally, but entrepreneurship is getting stronger in Hungary as well: although we have...
Read more
Several dangerous food products were banned
Date: 2014-11-18 11:15:56
The National Public Health and Medical Officer Service (ÁNTSZ) prohibited the distribution of a number of so-called special nutritional food products – was said on the organization's website. The alleged...
Read more
GfK: the domestic market of technical products grew in the third quarter of 2014
Date: 2014-11-18 11:11:41
The sales of long-term technical products increased by 9 percent, in the third quarter of 2014, compared to the same period of 2013. Despite the fact that the market is...
Read more
Optimism in Europe's strongest economy
Date: 2014-11-18 11:10:00
The sentiment index for the assessment of the economic outlook of the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) increased much stronger-than-expected in November, while the assessment of the current business...
Read more
NAK and the Medicinal Plant Association and Product Council cooperate
Date: 2014-11-18 10:14:23
The storage room was redesigned, the old drying room was modernised and a new drying room was built at Herbária Zrt.’s plant in Székkutas. The Ministry of Agriculture, the Medicinal...
Read more
Concentration in winemakers’ revenues
Date: 2014-11-18 09:14:22
A recent analysis by Bisnode reveals that the HUF 4.3-billion combined revenue of the ten biggest grape growers represented one third of the sector’s HUF 12.5 billon revenue in 2013....
Read more
Drying with subsidised gas
Date: 2014-11-18 09:10:21
Since the autumn has been wet, certain crops – corn, sugar beet, soya bean, sunflower, potato – are still being harvested. Corn, sunflower and soya bean have higher humidity content...
Read more
Hungary’s fisheries sector on a growth track
Date: 2014-11-18 09:10:20
The Hungarian Chamber of Agriculture (NAK) and the Hungarian Association of Fish Farmers and Fisheries Water Management (MAHAL) signed a cooperation agreement in Kisbajcs. NAK president Balázs Győrffy told that...
Read more
Record turnover of sweets in December 2013
Date: 2014-11-17 12:10:26
Food retail achieved a record turnover from selling sweets last December. People spent more than ever 2.7 billion HUF to around 650 tonnes of sweet gifts – the Nielsen Retail...
Read more
The foreign trade surplus of the euro zone has increased
Date: 2014-11-17 11:40:51
The foreign trade surplus of the euro zone has increased in September, thanks to increase of export growth. According to the the first estimate, the 18-member euro zone's trade surplus...
Read more
The Dutch bird flu can be transmitted from animals to humans
Date: 2014-11-17 11:38:26
A strain of bird flu which can be transmitted to humans has been detected on a farm south of Amsterdam, prompting Dutch authorities to ban the transport of all poultry...
Read more
Almost half of the corn has been harvested in Zala County
Date: 2014-11-17 11:30:28
Forty-five percent of the corn is harvested in Zala County, the average yield is 6.98 tons per hectare – Süle Katalin, county chairman of the National Association of Agricultural Economics...
Read more
MasterCard is working with Visa on an online payment simplifying standard
Date: 2014-11-17 11:22:17
The MasterCard and the Visa are working together on an online payment simplifying standard. The single-use passwords and biometric data will play the main role in the new standard –...
Read more
It will be easier to trade with China
Date: 2014-11-17 11:20:19
The euro zone's first clearing platform calculating in Chinese currency started operations in Frankfurt. With the platform, operated by the Bank of China it is possible to carry out trade...
Read more
Low-grade seed sold without permission was seized by the NÉBIH
Date: 2014-11-17 11:10:04
The National Food Chain Safety Office (NÉBIH) seized a total of 600 kilograms – about 14 bags – of unknown origin oak seeds from vendors in the Biharnagybajom and Nyírbátor...
Read more
P&G among the leaders in the Chinese FMCG market too
Date: 2014-11-17 10:39:15
According to AdvertisingAge (USA), since 2012 Procter & Gamble’s second biggest market has been China. P&G is the country’s biggest advertising spender and is the market leader in basically all...
Read more
Drugstores dominate
Date: 2014-11-17 09:52:40
Decorative cosmetics retail sales exceeded HUF 5 billion between January and August 2014. Value sales augmented by 10 percent and volume sales rose 2 percent, according to the Nielsen Retail...
Read more
Body care when it is cold outside
Date: 2014-11-17 08:49:35
Economic recession and changing consumption trends made great changes in the body care market in the last few years – Katalin Rosta, junior shopper & customer marketing manager of Unilever...
Read more
The legal requirements for invoice issuing have changed
Date: 2014-11-17 08:35:41
Until 15 November 2014 enterprises must report data on the invoicing software they use to the tax authorities. Data to be reported: a) software name and ID, b) name and...
Read more
What is on the packaging: from manual labels to two-dimensional barcodes
Date: 2014-11-17 02:53:59
Packaging – be it consumer, collective or transportation packaging – plays a crucial role in every point of the product and information flow. Information is carried by text, pictogram or...
Read more
Omnichannel guide
Date: 2014-11-17 02:42:13
1. Customers in a new light: not only their spending, basket composition and purchasing history defines customers but also their interaction, which can change from minute to minute. 2. Loyalty...
Read more
Promotions: legal and tax issues
Date: 2014-11-17 02:39:40
On 4 October 2014 PwC’s Academy held its October session – in the spectacular Eiffel Palace building on Bajcsy-Zsilinszky Road – where promotion-related legal and tax issues were discussed. Dr...
Read more
Rotomoulding: excellent performance
Date: 2014-11-16 02:46:21
Although plastic is public enemy No. 1 in the eye of many due to environmental considerations, international packaging trends reveal that this material type is developing the most dynamically. There...
Read more
The rate of the third quarter GDP growth has surprised the analysts
Date: 2014-11-14 12:00:17
According to the flash estimate of the KSH Hungary’s gross domestic product (GDP) grew by 3.2 percent in the third quarter compared to the same period last year. The result...
Read more
Hong Kong is open to the Hungarian meat products
Date: 2014-11-14 11:35:43
Fazekas Sándor Minister of Agriculture, who continued his program in Hong Kong, China on Friday in a special administrative zone. He talked about the effectiveness of licensing procedures for pigs...
Read more
Artisjus: background music in stores to be obtained easier and cheaper
Date: 2014-11-14 11:19:08
The Artisjus signs a cooperation agreement with background music provider companies and also encourages to play quality music in the shops with royalty discounts – the Artisjus Hungarian Copyright Protection...
Read more
