Market News
KSH: the Hungarian economy grew faster in the first quarter than predicted
In the first quarter, Hungary's gross domestic product (GDP) increased by 3.5 percent, and was 0.8 percent higher than in the previous quarter – Central Statistical Office (KSH) reported in...
Read moreThe government supports the construction of the family farms’ grain storages
The government supports the construction of grain storages at small and medium-sized family farms, because the government wants to reduce their exposure to the market – Kis Miklós Zsolt, Minister...
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ECJ: the food packaging cannot refer to a component that is not in the product
If a product’s package indicates the presence of ingredients that are not included in the product can be deceive to consumers, but it just turns out from the detailed list...
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Garden in the city: the Picnic Garden of the bloggers has debuted
Four popular bloggers, gastronomy and lifestyle experts presented their joint vegetable garden in the organic garden of the Corvinus University’s arboretum. The Picnic Garden draws attention to the values of...
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Protective tariff was introduced for milk and milk products in Serbia
The Serbian government has introduced a protective tariff on milk and milk products. The 10-30 dinar (26-78 HUF) levy would protect the Serbian producers – the Vecernje Novosti Belgrade newspaper...
Read moreRetail sales grew by six percent in the Czech Republic
Retail sales grew by six percent in the Czech Republic on an annual comparision in April, in the Czech Republic – the Czech Statistical Office (CSÚ) announced in Prague on...
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Magazine: Grilling accessories sell well
Sunshine and beautiful spring weather make friends and families go out and cook in the garden. Barbecues are increasingly popular in Hungary, according to Károly Deli, brand manager with Sarantis...
Read moreThe sharing economy is already knocking at the door
In many cities all over the world cab drivers were protesting against taxi service application Uber, a smartphone app that directly connects users with the nearest registered Uber cars, which...
Read moreAnalysts: the growth in retail sales continues at a slower pace
The retail sales growth may continue, but the growth rate is expected to slow down by the end of the year – analysts told to MTI, referring to the data...
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Domestic e-retail in heights never seen
The domestic e-merchants closed an excellent year again. A net turnover of 273 billion HUF was realized in the e-retail sector in Hungary in 2014, which is much higher than...
Read moreForeign webshops are popular among the Hungarian online shoppers
The data of GfK’s E-commerce Report shows the domestic online trade’s high degree of concentration in the first half of the year. 88 percent of the orders are by domestic...
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Japan terminated the ban on Hungarian poultry meat imports
Japan terminated the ban on Hungarian poultry meat imports from 2 June. The measure was introduced because bird flue was detected in Békés county in February. According to the communication...
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Each year, 1.8 million tons of food products are thrown out in Hungary
In Hungary 1.8 million tons of food products are thrown out each year, of which only 2,000 tons are gathered to feed the needy – Cseh Balázs, President of the...
Read moreKSH: the growth in consumption continued in April
In April, the volume of retail sales increased by 4.4 percent according to the raw data and by 5.3 percent on the basis of the calendar effect adjusted data, compared...
Read moreNGM: the growth in retail sales is continuous for 22 months
It is very positive that the growth in retail sales is continuous for 22 months – Lenner Áron Márk, Deputy Minister of State of the Ministry of National Economy (NGM)...
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Retail sales of the euro zone and the EU increased in April
Euro zone retail sales rose and unemployment fell in April, the European Union's statistics office data showed on Wednesday, adding to signs of economic recovery in the single currency area....
Read moreTwenty cigarettes for five percent more
Due to the EU tobacco directive 20 cigarettes will be in a pack from next May. Therefore, the price of a pack of cigarette will be proportionally higher, because the...
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ÁNTSZ: the WHO and Interpol issued an alert on an illegal wieght loss aid
The World Health Organization (WHO) and Interpol issued an alert on an illegal wieght loss aid. The dangerous substance is called 2,4-dinitrophenol (DNP briefly) – the National Public Health and...
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Magazin: The unexamined life is not worth living
Unfortunately the burnout syndrome can hide itself really well. I know an entrepreneur who, after many successful years, managed to survive the recession years starting in 2008 but in the...
Read moreThe performance of the livestock sector has increased
Czerván György, Minister of State for the Ministry of Agriculture spoke about the production capacity expansion of livestock in 2014 at M1 news channel’s agricultural show on Saturday. He told...
Read moreAlmost 6 billion HUF EU support to develop domestic logistics
Fifteen companies won almost 6 billion HUF EU support within the Economic Development Operational Programme (GOP) – Rákossy Balázs Minister of State responsible for the use of EU funds told...
Read moreThe proportion of smokers decreased in the EU
The proportion of smokers decreased by two percentage points, from 28 to 26 percent, compared to 2012 in the European Union – according to the lastest Eurobarometer survey. According to...
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Asia is the favorite of the international retailers
The Japanese capital is the most attractive for the international companies entering a new market. 63 new brands arrived new last year to Tokyo, followed by Singapore with 58 new...
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Nébih: About half of the nutrients does not meet the standards
The National Food Chain Safety Office (Nébih) tested nutrients during its latest product test session. During the comprehensive test involving 50 products, some problems occured at nearly every second product....
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All the face primers met the requirements at the consumer protection test
The National Consumer Protection Authority (NFH) tested face primers. All of the 19 products met the requirements. The National Consumer Protection Authority (NFH) announced on Tuesday that on the basis...
Read moreGrowth in the beer market
On 1 April the Federation of Hungarian Breweries reported that beer sales expanded by 2 percent last year. Altogether 6.2 million hectolitres of beer were sold by the big four:...
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Magazine: Meeting for the first time
The first impression is very important when meeting someone for the first time: only if both parties are attracted to one another will they be motivated to meet for a...
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Nielsen: Hungarian grocery store turnover increased above the average
The domestic food stores sold 4.9 percent more products in terms of value, while 3.0 percent more in terms of volume, during the first quarter of this year than during...
Read moreThe GKI expects a two and a half percent economic growth
According to the forecast of the GKI Gazdaságkutató Zrt. economy research company, the Hungarian economy will increase more rapidly even after 2014 than the EU average. The EU average is...
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KSH: the quarterly trade surplus is close to 2.5 billion euros
In this year's first quarter exports were 7.7 percent higher, while imports were 5.7 percent higher than a year before. The quarterly export surplus increased by 531 million euros to...
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