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FAO: New tools for reporting on world’s forest resources launched
FAO has launched today a new online platform for reporting on the status and trends of the world’s forest resources. The platform enables countries to increase the efficiency of their...
Read moreThe economy grew by four percent last year
Hungary’s gross domestic product (GDP) increased by 4.0 percent in 2017 after the 2.2 percent of the previous year. The calendar-effect adjusted data doubled from 2.1 percent to 4.2 percent....
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The Product of the Year awards were handed over
This year, the Product of the Year awards were handed over for the seventh time on Monday. The Hungarian consumers have evaluated the products in 21 categories – Vágvölgyi Mihály,...
Read moreAnalysts: the rise in retail sales is higher than expected
The pace of retail turnover in January exceeded the expectations. The increase of real wages and the demand for durable consumer goods generate strong growth this year, which could only...
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MNB: a bankrendszer több mint kétszeresen teljesítette kkv-hitelezési vállalását
Az MNB piaci hitelprogramjában részt vevő bankok 2017-re vállalták, hogy közel 230 milliárd forinttal növelik kkv-hitelezésüket, a vállalását minden bank teljesítette, ennek eredményeként szektorszinten az egy évvel korábbit is meghaladó,...
Read moreThe confidence of the American consumers is growing
Compared to January, the consumer confidence in the United States strengthened in February. The University of Michigan announced on Friday that the monthly consumer sentiment index reached 99.7 points, which...
Read moreCarpathian Basin cooperation for the development of wine regions and wine culture
Hungarian and cross-border Hungarian winemakers confirmed their intention to cooperate. They signed the II. Carpathian Basin Wine Agreement for the development of wine regions and wine culture on Saturday in...
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Magazine: Trends that will shape retail in 2018
International research organisation IGD – who focus on the retail sector – identified five important trends that will be influential in the FMCG sector in 2018. 1. Premium category private label...
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A brand new Vitara from two hundred forints
Reversing camera, built-in navigation, adaptive cruise control, downhill assistance and emergency brake assist make driving easier, seat heating, automatic air conditioning and leather upholstery provide comfort. The main prize of...
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Iran is interested in Hungarian vegetables and fruits
Hungarian companies are mainly supplying pharmaceutical and paper products to Iran, but the Middle East is also very interested in Hungarian vegetables and fruits – Varga Mihály, Minister of National...
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Retail sales declined in the euro area and in the EU in January
The retail sales of the euro area and the EU declined in January, contrary to the market expectations – according to Eurostat. In Hungary, retail sales in January reached the...
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Magazine: Consumer expectations for 2018: it won’t get better, it won’t get worse
In January 2018 Kantar Hoffmann conducted a representative survey in Hungary, with the participation of 1,100 adults, about what consumers expect in 2018. It matters a lot whether a country’s population...
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GKI: Investments rose rapidly in 2017
In 2017 the Hungarian economy expanded faster than expected, by 4 per cent. Although this rate is much higher than the EU average of 2.6 per cent, it is only...
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Hungary exported nearly 6,000 tons of chocolates in 2016-2017
Chocolate production in Hungary has shifted towards quality, more and more high-cocoa content products and handicraft products are being made – Fazekas Sándor Minister of Agriculture said on Friday in...
Read moreFAO: world food prices increased
In February, FAO’s food price index increased by 1.1 percent. The five basic food price indices monitored by the Food and Agriculture Organization of the United Nations (FAO) grew to...
Read moreAgricultural Chamber: the production value of horticulture can be doubled
The production value of the Hungarian horticultural industry is about 400 billion HUF annually, which can be increased by up to 800 billion HUF through modernization, rationalization of regulation and...
Read moreThe European Parliament voted on the report on honey
The most important result of the European Parliament’s resolution adopted taking into account the views of all interested parties is the focus of attention on honey counterfeiting – Erdős Norbert,...
Read moreKSH: export is over 100 billion euros, trade surplus is over 8 billion in 2017
Exports of goods last year reached 100.581 billion euros, 8.2 percent higher than a year before, while imports increased by 11.1 percent to 92.499 billion euros. The 8.082 billion euros...
Read moreNGM: Nearly 6,500 billion HUF investments have been implemented in Hungary in 2017
Last year, nearly 6,500 billion HUF worth of development was made in Hungary, which represents an increase of almost 17 percent, compared to the previous year, considering the volume of...
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Nébih: The tested wheat flours met the standards
The 24 wheat flour products met the food safety requirements at the Szupermenta test of the National Food Chain Safety Office (Nébih) in February – the authority told MTI on...
Read moreThe sales of smartphones declined globally last year for the first time
Last year, the sales of smartphones in the world market dropped by 0.5 percent, causing a downturn for the first time. According to the data of the American International Data...
Read more91 percent of Romanians living abroad regularly buy Romanian products
Nintety-one percent of Romanians living abroad regularly buy Romanian products, and 61 percent popularize Romanian brands among their acquaintances, according to a recent survey of the MKOR Consulting market research...
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Magazine: GfK Hungária Market Research Institute forecasts growth for 2018
According to Ákos Kozák, managing director of GfK Hungária, Hungarian FMCG sales and consumption have been growing continuously since 2015. The 3-4 percent consumption growth and the 4-5 percent expansion in...
Read moreThe NAK urges the continuation of VAT cuts
The Food Processing National Department of the National Chamber of Agriculture considers the continuation of the VAT reduction of foodstuffs as one of the most important objectives. The Food Processing...
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The domestic print media reached an eighteen and a half percent increase on the advertising market
The total advertising revenue of 2017 reached 106,783 billion forints. The press reached a two-digit growth. Its growth rate surpassed all market segments and the latest data show a significant...
Read moreFM: spring seasonal food chain tests have started
The spring seasonal food chain control, in which traditionally consumed and seasonal foods will be tested by the National Food Chain Safety Officers (Nébih) was launched on 1 March –...
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The financial expectations of the SMEs is on an eleven-year summit
The financial expectations of SMEs have risen to an unprecedented level. They expect a revenue growth of 9.5 percent and a profit growth of 5 percent this year – according...
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MLBKT: February’s PMI has decreased but indicates a stable growth
The purchasing manager’s index (PMI) seasonally adjusted value for February was 57.4 points, lower than the January value of 61.1 points. However, compared to the previous February, this year’s February...
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Advertising Association: Last year, 241 billion forints were spent on advertising
The Hungarian Advertising Association (MRSZ) estimates that the 2017 advertising spending was 241 billion forints, 11.5 percent more than a year before, but excluding the state spendings, but the market...
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The range of protected geographical indications has expanded with another seven members
The range of protected geographical indications has expanded with the Csopaki wine, the Sikicarp of Akasztó, peaches from Budaörs, the Black Cherry from Szomolya, sour cherry from Újfehértó, Nagykun rice...
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