Market News

The food prices in Russia are sharply rising because of the embargo

Due to limitation of imported foods from the Western countries, food prices are rising sharply in Russia – Anton Sziluanov Russian Finance Minister stated at the Thursday meeting of the...

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GKI expects slowdown

GKI Economic Research Zrt.’s summer forecast is that from a growth perspective this year is going to be much better for Hungary than the last few. The main reason for...

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The world’s wholesale markets will meet in Budapest

Budapest will be the host of the World Union of Wholesale Markets’ (WUWM) next meeting on 27-29 May 2015. The event will focus on cooperation between wholesale and retail markets...

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Going uphill

Optimism was reigning in the financial market early autumn. The recession is finally over in the USA. Billions of dollars printed in the last 5 years put the stock exchange...

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Magazine: Hungarian or Domestic – what is the difference?

A couple of years back consumers were attracted by exotic products, but these days they are much more drawn to Hungarian products or those produced in Hungary. In 2012 a...

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GfK: Consumer confidence fell sharply

According to the GfK Consumer Confidence Index, in the third quarter of this year consumer confidence showed a significant decrease of about 15 points. The values of both the consumer...

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Russian embargo: the Hungarian farmers will receive EU support to withdraw more than four tons of fruits and vegetables

The Hungarian farmers can apply for support from the new 165 million worth EU funds opened on Tuesday, to withdraw more than four tons of fruits and vegetables to compensate...

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Poultry meat is healthy

The latest research shows that among the fresh meats poultry meat is the most popular in the Hungarian households. The Agricultural Marketing Centre General Directorate of the Hungarian National Tourist...

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Magosz-chairman: the farmers should be the owners of the processors!

A regulatory system must be developed in which the farmers should be the owners of the processing plants – Jakab István President, of Magosz told reporters on Tuesday after a...

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A Trading House was opened in Montenegro

The newest Trading House was opened in another Western Balkan country, in Montenegro. The Hungarian National Trading House (MNKH) aims to increase its export position in the Western Balkans, to...

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A business center was built in the former tobacco factory in Debrecen

The Lion productive and innovative business center was expanded with a new office building in the former tobacco factory in Debrecen. The 1.2 billion HUF investment was handed over by...

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The consultation of the world heritage management plan of Tokaj-Hegyalja is completed

The public consultation of the world heritage management plan of the Tokaj-Hegyalja historic wine region has been completed. Everyone agrees that the World Heritage title means international rank and honor...

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A big increase in German retail sales

The German retail sales reached the greatest increase of the past three years in August, compared to the previous month – the German Federal Statistics Office, the Destatis announced. In...

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Waitress reality – Video of the day

Morgan and Kristyn are still fighting because of the issues between their boyfriends. Can they salvage their friendship or is it over for good? Episode airs Wednesday at 11/10c. Big...

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‘Experience cellar’ opens in Szekszárd

The Garay experience cellar opened in Szekszárd. The investment was realised from almost HUF 200-million funding from the European Union. Szekszárd’s municipality bought the town’s oldest wine cellar for nearly...

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SMEs investment mood toned down a little

Hungarian enterprises’ investment mood toned down a little: at the moment 56 percent of them plan some kind of development. IT developments are the most popular and it is industrial...

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The government pays more than 300 billion HUF EU funds for food development by 2020

In the next six years, the Hungarian government pays more than 300 billion HUF EU funds for food development. Kis Miklós Zsolt Minister of State of the Prime Minister's Office...

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KSH: the GDP growth in 2013 was 1.5 percent

Hungary's gross domestic product (GDP) was 29 HUF 846 billion HUF in 2013, which at constant prices (in real terms) is a 1.5 per cent increase compared to the previous...

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MNB: contactless cards are spreading rapidly

In the second quarter of this year, the turnover of electronic transactions continued to increase, however, the infrastructure of electronic payments has not changed significantly – the latest payment statistics...

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The NÉBIH seized worm infected eggs

More than 380 thousand expired worm infected eggs were destroyed by the National Food Chain Safety Office (NÉBIH) at an egg packing plant in Bács-Kiskun county – the agency told...

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Novodomszky Éva became the ambassador of the Syngenta Food Avalanche Program

The popular TV presenter visited Sopolya in Fejér county, where the harvest of the locally grown potatoes is under way in the scope of the Syngenta Food Avalanche Program. As...

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The Conscious Shopping System helps in planning personalised promotions

Laurel Group announced the launch of a retail system that is capable of comprehensive shopping habit analysis. The company developed the Conscious Shopping System from which retailers, shoppers and society...

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Three billion forints more for SMEs’ job creation investments

Seeing the great demand the government decided to earmark HUF 3 billion more for the originally HUF 13-billion programme that aims at financing the job creation efforts of SMEs. This...

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Hungary’s first organic beer developed from a 300-millon-forint budget

Körös-Maros Biofarm Kft. announced that they finished developing the first Hungarian organic beer from a fully Hungarian HUF 300-million budget. The company also developed a quality control system that is...

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The characteristics of food products must be indicated with a larger font size

The mandatory included datas will be indicated with a bigger font size and more noticeable place on the packagings of pre-packaged food products in the future. This will help the...

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The Hungarian developed Laura cash program is used at more than 4000 points already

For now the Laura cash register software is used at more than four thousand points after the Hungarian food franchise chain stores also switched to the program – Szabó Ervin,...

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The European Commission announced to restrict the usage of preservatives containing allergens in cosmetic products

The European Commission announced to restrict the usage of preservatives containing allergens in cosmetic products. The Board took its decision after the Scientific Committee on Consumer Safety (SCCS) proposed prohibition...

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The NAV seized an illegal cigarette storage in Miskolc

Hundreds of Ukrainian packs of cigarettes and cut tobacco boxes were found by the finance officers in Miskolc, at the first-floor flat of a block of flats, which is essentially...

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Market hall built in Gyula

As part of the government’s farm development programme, the municipality of Gyula built a new 500m² market hall at the town’s marketplace. They received HUF 43 million in funding for...

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State companies’ screening will be completed before the end of summer

The Ministry of National Development (NFM) is busy screening state-owned companies under its supervision in order to see whether their operation could be made more efficient. If everything goes according...

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