Market News
Milk’s price going up
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that the price of raw milk in Hungary was HUF 96.03/kg in September 2017....
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Dairy product prices kept rising in September
In September 2017 consumer prices were 2.5 percent higher on average than in September 2016. Food prices rose 3.1 percent, with butter and spread prices jumping 16.5 percent. Pork’s price...
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Sales were up in August
In August 2017 like-for-like retail volume sales augmented by 4.6 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Self-regulation: going at full speed
The Self-regulatory Advertising Board (ÖRT) does a lot for successful self-regulation in advertising. In the first three quarters of 2017 nearly 600 cases ended up at ÖRT to ask for...
Read moreCzerván: the Hungarian agroexport can be doubled within ten years
The Hungarian agroexport can be doubled within ten years, so it can reach 15-16 billion euros – the Minister of State of the Ministry of Agriculture (FM) said on Thursday...
Read moreA Hungarian initiative is being discussed on honey in the European Union
A Hungarian initiative is being discussed on honey, apiaries and bee keeping in the European Union, Erdős Norbert Fidesz MEP said at a press conference in Budapest on Sunday. According...
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The EU is investing 30 billion euros for innovation
The European Commission is investing 30 billion euros for new solutions to the societal challenges and breakthrough innovations in the 2018-2020 period from the Horizon 2020 Research and Innovation Framework...
Read moreRetail sales grew by 9.3 percent in Romania
In Romania, retail sales grew by 9.3 percent in the first eight months of last year, the Romanian National Statistical Institute announced on Wednesday. According to seasonally adjusted and calendar...
Read moreTwo hundred million forints worth smuggled cigarettes were found in a truck on the M3 motorway
Almost two hundred million forint worth untaxed cigarettes were found in a truck on the M3 motorway by the National Tax and Customs Administration’s (NAV) finance ministers – the press...
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It is important to give quality food to the needy children
It is important to give free food to all disadvantaged children in Hungary, and the ministry also pays attention to quality – the Minister of State Secretary of the Ministry...
Read moreThe elderly can join to the pensioner cooperative in Békés County
The Keleti Szomszédok Közérdekű Nyugdíjas Szövetkezet (Eastern Neighbors Pensioners’ Association) opened a pensioner cooperative office in Békéscsaba and Szarvas, Békés County – Nagy Gábor President told MTI on Friday. Up...
Read moreWorse than expected consumer sentiment in the United States
The consumer sentiment in the United States was weaker than expected in October compared to the preliminary expectations, but improved in comparison with September. According to the final monthly survey...
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The credibility of the printed word
A French study has revealed that print magazines, if used as part of a multimedia campaign, can increase trust in a given brand and brand preference by up to 7...
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Storm and frost decimates French vine production
French vine production was hit by several bad factors this year: summer frost in Bordeaux, summer storms in Champagne have sprouted grapes, so experts expect a 20 percent drop in...
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OMA AWARDS 2017
Outstanding Merchandising Achievement Awards (OMA) has been rewarding the best in-store displays for more than 50 years. You can see some of this year’s best solutions in the food category. Drinks...
Read moreLondon analysts: the growth of Central European EU economies will slow down next year
According to recent forecasts by London financial analysts, next year’s growth performance will slow down next year and in 2019, as the growth rate of the Central European EU economies,...
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KSH: the number of employees has increased further
In July-September, the average number of employees was 4 million 451 thousand, 60 thousand more than a year before. The employment rate of the 15-64 year-olds grew by 1.6 percentage...
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About 200 kilograms of illegally distributed ragweed products were found by Nébih in Baja
About 200 kilograms of illegally-marketed ragweed pills and grist were found by the experts of the National Food Chain Safety Officers (Nébih) in Baja, the agency told MTI. The authority...
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The French suffer from the lack of butter
Supermarkets in France are struggling to stock enough butter for their customers due to a shortage of the dairy product that’s been blamed on a rising global demand for pastries...
Read moreConsumer confidence has decreased in Germany
German consumers are more pessimistic than expected, according to a survey published by GfK on Thursday. The Nuremberg-based Market Research Institute’s November consumer sentiment index decreased to 10.7 points from...
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Brussels’ VAT return: 150 billion euros losses due to VAT frauds
At the beginning of October, the European Commission (EC) presented a reform plan for the EU VAT law, the main objective is to reduce the scope of VAT frauds and...
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Where the customer is more important than the profit – and this isn’t a joke
Communication agency Person is 10 years old this year. Person was founded by Richárd Hampuk when he was only 21 years old. The agency is already working with customers such as Coca-Cola...
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School starting not only burdens the parents’ wallet
At the invitation of eMAG.hu, belonging to the South African Naspers group, GKI Digital sought out the question within the eMAG customer survey: which products were the most popular in...
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The OTP Bank strives to increase its agricultural loan portfolio
The Hungarian agriculture is an important business area for the OTP Bank and therefore strives to increase its agricultural loan portfolio – the bank’s CEO said on Tuesday in Budapest....
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FM: ducks and goose liver can be exported to Thailand by Hungarian companies
The Hungarian companies can transport duck and goose liver, as well as poultry and hatching eggs to Thailand – the Ministry of Agriculture told MTI on Wednesday. According to the...
Read moreHungary stands by the two-pillar EU common agricultural policy
Hungary stands by the EU’s common agricultural policy (CAP). This is the interest of the Hungarian farmers – the Minister of Agriculture told M1 news channel. Fazekas Sándor recalled that...
Read moreLess profit could be left for SMEs
The domestic companies expect a 8.6 percent higher sales revenue than before and a moderate profit growth of 4.5 percent – according to the K&H SME confidence index research. Regarding...
Read moreThe new cooperative form for pensioners is popular
Within three months, 36 Public Interest Pensioners Cooperative were established in Hungary and their number is likely to rise further – Hantos Zoltán, project manager of the OPTEN company information...
Read moreMobile payment is popular in China
The developed countries in the world, such as Sweden, have set themselves the target of becoming a completely cashless nation sooner or later. Although such an economy seems to be...
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No cash from January
Budapest Sportaréna and MasterCard announced in September that the arena’s modernised entry system can now manage QR codes and NFC tickets. A Budapest Aréna smartphone app will also be launched, making...
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