Market News
2014: a transitional year in funding
Date: 2014-03-04 23:49:18
The main driving force behind development in the food sector is the various subsidies offered by the European Union and the national budget. Until 2020 Hungary will receive EUR 8.8...
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The amount spent on advertising increased slightly last year
Date: 2014-03-04 12:22:17
The advertising market grew, but only slightly last year. The market of advertisings amounted to 175.4 billion HUF, surpassing the previous year’s datas with about 0.6 percent, – was said...
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The NAV checks the entrepreneurs who have terminated the operation of their businesses
Date: 2014-03-04 12:21:21
The Customs and Tax Authority (NAV) has begun to check tens of thousands of businesses that did not claim online cash registers on the ground that they terminate their operation...
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The Hungarian Food Codex was expanded with several new directives
Date: 2014-03-04 12:20:24
The Hungarian Food Codex was expanded with several new directives. A new regulation was born in connection with artisan products and spice paprika grists. The new directive will also provide...
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What is shoppers’ choice?
Date: 2014-03-04 12:12:57
People’s hair style expresses their personality, therefore the hair care category is not only functional but emotional as well – says Anna Gábos, hair and oral care category manager with...
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Coffee can become more expensive worldwide
Date: 2014-03-04 12:01:04
Because of the bad crop prospects and the drought in Brazil, the price of the coffee’s raw material increased by more than 50 percent this year. As a result, the...
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VM: an agreement may born on the ban of GMO
Date: 2014-03-04 12:00:09
The environment protection ministers of the European Union (EU) discussed the proposal, which would allow Member States to ban the cultivation of genetically modified organisms (GMOs) in their territory –...
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The National Association of Agricultural Economics develops a business ethics policy
Date: 2014-03-04 11:50:47
The National Association of Agricultural Economics (NAK) develops a business ethics policy, in which sets out the basic market ethic rules, that are expected to be complied from each member...
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New rules on the withdrawal of the farmers' card
Date: 2014-03-04 11:04:39
The agricultural producer cards can be wihdrawn from 2 month to two years period, then a new card should be issued – the new government regulation contains among others. The...
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Wafer and chocolate bar: dynamic sales growth
Date: 2014-03-04 10:38:09
While between December 2012 and November 2013 the average value sales of the 90 Nielsen-audited grocery categories didn’t change from the base period, sales of the nine confectionery categories combined...
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A new broom sweeps clean
Date: 2014-03-04 10:21:03
The big spring cleaning is characterised by optimism: housewives aren’t only pepped up by the rising consumer confident index, but also by the opportunity to sweep away the winter, the...
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The annual market is worth about eleven billion forints
Date: 2014-03-04 10:16:53
General cleaners were sold in the value of HUF 10 billion last year, making the category the tenth biggest from the 70 household chemicals and cosmetics audited by Nielsen. In...
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Nielsen’s consumer confidence index on three-year high
Date: 2014-03-04 00:29:33
Nielsen’s consumer confidence index in Hungary reached the highest position of the last three years. In Q4 2013 the index grew another six points from Q3 and was at 51...
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Those living in the country are far less satisfied with tobacco shops
Date: 2014-03-04 00:16:04
According to a telephone survey conducted by Budapest Business School, 60 percent of Budapest smokers are satisfied with the number and location of tobacco stores, but 55 percent of those...
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Slightly higher industrial production prices at the end of 2013
Date: 2014-03-04 00:09:57
In December 2013 domestic industrial production prices rose by 0.5 percent from the level of the previous month. Prices in 2013 were 0.7 percent higher than in 2012. In December...
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Tobacco industry retail: the plan went up in smoke?
Date: 2014-03-04 00:05:32
The tobacco product market is shrinking at shocking speed, the black marekt is expanding and state revenue from excise duty and VAT was 10 percent below the 2012 level....
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Retail confidence index reaches record height
Date: 2014-03-04 00:02:26
The GKI-Erste economic sentiment index kept growing dynamically in January, continuing the more than one year old trend. Consumer expectations kept elevating and reached the highest level of the last...
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The Facebook Community of the Online Cash Register Bounded requested to extend the deadline to everyone
Date: 2014-03-03 12:40:33
The Facebook Community of the Online Cash Register Bounded requested to extend the deadline to every entrepreneurs who ordered the cash registers in time. The community wrote an open letter...
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Pálinka consumption is safe: only a few irregularities
Date: 2014-03-03 12:25:49
Objections incurred in connection with the pálinkas in only 7 percent of the products at the laboratory of the National Food Chain Safety Office (NÉBIH). Therefore this hungaricum is safe...
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The manufacturers have paid more than 44 billion HUF of Neta until now
Date: 2014-03-03 12:10:58
The manufacturers have paid more than 44 billion HUF of public health product tax (Neta) since its introduction – Világgazdaság Online wrote. According to the datas of the Customs and...
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MLBKT: BMI is over a three year average
Date: 2014-03-03 11:58:58
In February, the seasonally adjusted Purchasing Managers' Index was 54.3 points, higher than the February 53.4 points average of the past three years, but 3.5 percentage points lower than exceptionally...
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Legal proceedings started in the Czech methyl alcohol poisoning case
Date: 2014-03-03 10:35:14
The accusees of the Czech methyl alcohol poisoning case, can expect even a life-long imprisonment. The lawsuits began on Monday in Zlín, Moravia. In the much anticipated lawsuit, a total...
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GKI: Appearance and reality
Date: 2014-03-03 09:11:06
In spite of the optimism prevalent among Hungarian economic actors not seen for a decade, the improvement in the economy is only temporary. Although economic policy influenced by the elections...
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Agricultural production prices dropped 13.2 percent in December
Date: 2014-03-03 00:26:28
In December 2013 agricultural production prices dropped 13.2 percent from the level of December 2012. The price of vegetable products became 20.1 percent lower, but the price of livestock/products of...
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December’s retail volume sales were up 1.8 percent
Date: 2014-03-03 00:12:57
In December 2013 retail volume sales are estimated to have expanded by 1.8 percent from the level of December 2012. In grocery and grocery-type retail volume sales were up 0.4...
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Hungarian yoghurt loses market
Date: 2014-03-02 23:58:51
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) reveal that last year the average live weight production price of broiler chicken was HUF...
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Newspaper vendors lost one third of their revenues, due to the system of tobacco stores
Date: 2014-02-28 12:40:42
According to the datas of the Central Statistical Office (KSH), retail spendings have increased, but recovery still cannot be felt. Newspaper vendors lost one third of their revenues, due to...
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Grace period for those who are using billing programs
Date: 2014-02-28 12:04:31
Those entrepreneurs who opted to use billing programs and acted pursuant to their billing obligations, will be given a grace period – Pankucsi Zoltán, Deputy Minister of State of the...
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VM: more than half a million children can regularly eat fruit in schools
Date: 2014-02-28 12:00:45
In the scope of the School Fruit Scheme, 538 thousand children receive at least two kinds of fruits at least two times a week – the Ministry of Rural Development...
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Slovaks purchase more in Hungary, due to the weak forint
Date: 2014-02-28 12:00:31
Shopping tourism is booming again in the settlements near the Slovakian border. Experience has shown that Slovaks are purchasing even the most basic food products in Győr and in Komárom....
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