Market News
The purpose is to make small farms viable
The Hungarian government aims to make small farms viable – Nagy István, Parliamentary Minister of State of the Ministry of Agriculture said at the 20th Tiszántúli Plant Protection Forum. He...
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Deterioration in consumer sentiment in the euro area and the EU as well
The mood among consumers in the Euro Area decreased by 0.6 points to -7.7 in October from -7.1 in September of 2015, missing market expectations of -7.35 and reaching the...
Read moreThe FM is searching for Chinese honey
The Ministry of Agriculture (FM) initiates an investigation to detect, which Hungarian honey mixes include Chinese imports – the agrarszektor.hu wrote. Officially, – according to the statistics – no honey...
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The Nébih found everything OK when checking the garlic
The National Food Chain Safety Office (Nébih) found no irregularities when examining garlic products – the Nébih told MTI on Thursday. During the test pesticide residues, heavy metals and mycotoxins...
Read moreThree hundred experts of fifty countries at the International Academy for Quality (IAQ) world forum in Budapest
Three hundred experts of fifty countries will take part at the International Academy for Quality (IAQ) world forum in Budapest on 26-27 October.More than 120 domestic professionals have also registered...
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Some SMEs want to invest, others don’t
Following the nadir of early 2015, Hungarian SMEs became more willing to invest: 51 percent of enterprises plan some kind of development project – reveals K&H’s latest SME confidence index....
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CHOCCO GARDEN: a new brand in the confectionery market
CHOCCO GARDEN was established with the goal of manufacturing confectionery products which can also be competitive in international markets. Managing director Sándor Sánta told that the products will be sold...
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Magazine: Laundry detergent innovations follow the changing trends
Washing habits are developing dynamically, in part because the proportions of fabrics and coloured clothes changed very much in the last few years. Anita Boros, PR manager of Procter&Gamble told...
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Household chemicals, cosmetics sales up
Sales of household chemicals and cosmetics in Hungary saw a year-on-year rise of 6%, reaching HUF 230 bln, in the period of January-August, Hungarian news agency MTI reported, citing data...
Read moreAccording to the tobacco industry investors, the unified tobacco packaging would increase the black market
According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), the unified packaging of tobacco products would be a drastic intervention into the market conditions in Hungary, however, it does...
Read moreFM: the viticultural strategy may be ready later this year
The viticultural sector strategy is hoped to be finished later this year. The viticultural sector strategy is developed in collaboration of the National Council of Wine Communities and the Ministry...
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Analysts expect a 3-4 percent average wage growth this year
Analysts polled by MTI expect a 3-4 percent average wage growth for this year, and since inflation is around 0 percent, real wages are expected to rise with the same...
Read moreTokaj Trading House: record high grape prices in Tokaj
The state-owned Tokaj Trading House paid substantially higher 250 HUF per kilo average purchasing price to the grape growers of Tokaj-hegyalja. Compared to last year the price per kilo increased...
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The Hungaricum Applications of 2015 were announced
This year’s Hungaricum Applications were published on 26 October on Monday – V. Németh Zsolt, Minister of State of the Ministry of Agriculture announced at a press conference in Budapest...
Read moreCIB: the businesses base their growth on the expansion of existing markets
The small and medium- sized enterprises are building their growth strategies mostly on their already achieved market position. The rate of businesses seeking for stable growth increased by more than...
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The Budapest Wholesale Market is developing a green direction
The Budapest Wholesale Market Plc. (Budapesti Nagybani Piac Zrt.) has developed its small power plant to 204 solar panels. The markets’s power plant has been operating since December 2013. With...
Read moreHungarian beekeepers initiated a demonstration in Brussels
The Hungarian beekeepers initiated an international beekeeper rally in Brussels on 30 October in order to tighten honey imports from China to the EU – the organizers of the demonstration...
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The hottest retailers of 2015
In the August issue of STORES Magazine (USA) the Kantar Retail HOT 100 Retailers 2015 list was published. This is the ranking of the most creative and innovative, trendsetting retailers....
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Magazine: The State of Retail 2015 Report (Part 1)
Shopper engagement specialist TimeTrade (USA) published its 35-page State of Retail 2015 Report in June. The survey was conducted with 1,029 participants who answered questions about their retail expectations and...
Read moreThe trade can also make profit with the EU funds
The commercial sector can profit from the use of the EU funds, not as a primary candidate, but for as a supplier for example – Csepreghy Nándor, Minister of State...
Read moreThe Curia decided: there will be no referendum on Sunday store closure
The curia decded on the basis of the National Election Committee (NVB) on Tuesday and rejected the request, which was submitted for the verification of the ban on Sunday work...
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KSH: earnings rose by 5.9 percent in August
In August, average monthly earnings were 5.4 percent higher than than a year before. By calculating without the public employees the growth was 5.9 percent – the Central Statistical Office...
Read moreThe carriers can avoid the series of fines
The carriers activated the fine alarm function in more than ten thousand registered accounts in the electronic road toll system (HU-GO) since 15 July, but it is only 15 percent...
Read moreThe average yield of corn is seven tons
The average yield of corn is a bit more than seven tons in Tolna County, where more than 40 percent of the crop is harvested already – Vendégh Edit, the...
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The Russian partners welcomed the cooperation with the Hungarian companies
The Russian partners welcomed the cooperation with the Hungarian companies that have reference in Russia already – Budai Gyula, ministerial commissioner told MTI. Budai Gyula negotiated about agricultural cooperation and...
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MVH: The area based support helps to balance the market prices
The SAPS area based support helps to balance the market prices. The advance payment of SAPS has begun on Friday – Gyuricza Csaba, president of Agricultural and Rural Development Agency...
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Expanding online retail
In the first half of 2015 online retail sales expanded by 16 percent – reported GKI Digital and Árukereső.hu’s Online Retail Index study. Like-for-like sales improved by one third from...
Read moreThe number of cow cuts increased moderately
The number of cow cuts increased slightly this year. Until August 7.6 percent more cows and and 11.1 percent more heifers were slaughtered in Hungary than in the previous year...
Read moreMagazine: A goldmine for companies
IBM’s estimation is that 2.5 exabytes (2.5×109 GB) of data are created in the world every day. About three quarters of this quantity are unstructured. What is big data? Experts...
Read moreThe National Tobacco Supplier has begun the conclusion of the supply contracts
The preparing for the new tobacco market regulation will enter into force 1 November.The Országos Dohányboltellátó Kft. (ODBE) (National Tobacco Store Supply Ltd )(ODBE) started the conclusion of the supply...
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