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Farmers are irrigating barely
Barely half of the farmers who have water rights permit irrigated their lands last year – Magyar Idők wrote, referring to the Hungarian Agricultural Economics Research Institute’s report. Only 2200...
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Bread of the Hungarians: ingredients are coming from Hungarians living beyond the borders
This year, the sourdough comes from Gúta to Baranya for the Bread of the Hungarians. The salt again is coming from Parajd, for the preparations, water from the headwaters of...
Read moreRussian alcohol imports may stop
Due to the shortage of tax seals, Russia may stop the import of spirits soon – the Kommersant newspaper wrote on Thursday. According to the newspaper the old-style tax seals...
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SPAR Veggie by NENI arrives to Hungary
Veggie by NENI is SPAR’s own healthy product range that has been very successful in Austria for quite a while. Márk Maczelka, SPAR’s head of communications told that Haya Molcho...
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Using dietary supplements: not an ‘elite hobby’ any more
In the last few years the market of dietary supplements and vitamins was booming. Both the number of buyers and products available keep expanding year after year. Unfortunately, the vitamin...
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FM: Six tons of sterlets are installed into the Danube and the Tisza
Within a few weeks, more than 6 tons of sterlet to be installed into the Danube and the Tisza rivers – the Minister of State of the Ministry of Agriculture...
Read moreGerman consumer confidence has improved
German consumer confidence is set to improve in July despite concerns about Brexit – the survey of the GfK market research company was published on Wednesday. The forward-looking consumer sentiment...
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A few nights of lack of sleep can increase the risk of obesity
Three nights of lack of sleep can significantly reduce the regulating ability of the blood’s glucose insulin levels – mipszi.hu wrote. Too little rest thus contributes to type 2 diabetes...
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0.2-percent inflation rate in April
In April 2016 consumer prices rose 0.2 percent on average from the April 2015 level. In comparison with April 2015, food prices augmented by 0.9 percent. Seasonal product prices elevated...
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More and more commercials aired
Retail has started to advertise even more now that shops can once again open on Sundays. While back in February retailers’ commercials had a 16,760 GRP in the 18-49 age...
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Small decrease in the consumer confidence index
In Q1 2016 a 61-point consumer confidence index was measured in Hungary, which is 2 points below the 63-point level of Q4 2015. However, if we compare the 61 points...
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Magazine: Iced tea manufacturers are more and more adventurous
Iced tea sales grew by two-digit numbers last year, in part because the category was able to take away consumers from other segments such as fruit drinks. The majority of...
Read moreThe GKI lowered this year's growth forecast to 2 percent
The GKI Zrt. expects a 2 percent economic growth this year after the previously projected 2.3 percent. Vértes András president of the GKI told at a press conference on Tuesday...
Read moreKSH: the number of employees continued to increase
Between March and May, the number of employees was 4 million 314 thousand, 149 thousand more than a year before – the Central Statistical Office (KSH) announced on Tuesday. Among...
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One, two, three four! Which will be the fittest workplace this year?
This year, the Fittest Workplace Survey starts for the fourth time. In the year of the European Football Championship and the Olympics, the organizers are wondering which company will be...
Read moreChamber of Agriculture: membership fee filing deadline changes to July 15
The National Association of Agricultural Economics (NAK) has extended the deadline for this year's membership fee returns from June 30 to July 15 – the NAK told MTI on Tuesday....
Read moreThe world's largest economy is in good shape
US gross domestic product increased with a higher-than-expected pace in the first quarter – according to the report of the Bureau of Economic Analysis (BEA) the Statistical Office of the...
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Sunday shopping makes its return
As of 16 April 2016 the law allows shops to be open on Sundays once again. Shopping centres reacted to this change very quickly and made it mandatory for shops...
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GKI forecasts fewer investments and economic slowdown
GKI Economic Research Zrt. forecasts a 2.3-percent economic growth in 2016 (after the 3.7-percent expansion in 2014 and the 2.9-percent growth in 2015). Data from the beginning of the year...
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Small shops with a large share in sales
Beer is one of the top sellers in 200m² and smaller shops: 38 percent of beer’s total value sales were realised in this channel in December 2015-March 2016. The 51-200m²...
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Magazine: Time to get wet
Consumer demand keeps shifting towards more convenient products in the pet food market. Nestlé Hungária brand manager Nikolett Koch told our magazine that a good price-value ratio is more important...
Read moreNGM: Hungarian retail grew above the European average
The Hungarian retail sales growth in April was the fourth largest in the European Union, significantly above the EU average of 2.4 percent – the Ministry of National Economy (NGM)...
Read moreGKI: business expectations are deteriorating since January
GKI’s business climate index is stagnated in June and May as well. According to the (www.gki.hu), survey conducted in June with the support of the EU, business and consumer expectations...
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Every forint spent on advertising adds another six to the country’s economic performance
At the Media Hungary conference the Hungarian Advertising Association (MRSZ) and PwC Hungary revealed the findings of their study, ‘The Economic Impacts of Hungary’s Advertising Sector’. MRSZ president Zsolt Urbán...
Read moreThe harvest has started in Békés County
The harvest has begun in Békés County with the harvesting of the winter barley, canola and pea seed. Kozsuch Kornél chairman of the county harvest coordination committee told MTI on...
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The European Commission wants more flexible VAT system
The European Commission would change the EU VAT system. The European Commission want more flexible, simpler and at the same time more rigorous system against frauds by standardizing the value...
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The NAV sold almost 80 tonnes of fruits
The National Tax and Customs Office (NAV) identified nearly 30 million HUF tax shortfall at a wholesaler at the Budapest Wholesale Market. The NAV seized 22 tons of oranges and...
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Nébih examines cooking oils
The Nébih examines those suspected of cooking oils, which were found by a group of experts in several domestic stores. The tax authority claims that carries out strict actions against...
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