Events
Better end-of-year performance from Hungary’s retail sector than the European average
Retail value sales augmented by 4.5 percent in the last quarter of 2016 in Hungary if compared with Q4 2016 – revealed the quarterly Nielsen Growth Reporter. This performance was...
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There isn’t enough rapeseed oil in Europe
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of...
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A rapidly expanding market
Grocery stores sold breakfast cereals, cereal bars, muesli, sesame seed and muesli bars for more than HUF 20 billion in January-December 2016. Like-for-like value sales were up 14 percent. Last...
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The performance of the Hungarian food industry grew by 1.5 percent last year
The performance of the Hungarian food industry grew by 1.4 – 1.5 percent last year, exceeding the industry average. The value of production amounted to 2880 billion HUF after the...
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Analysts: export growth may continue, but this year’s surplus may be smaller
In the next few months export growth may continue, but this year’s foreign trade surplus may be smaller than last year’s 9.935 billion euros surplus. The further strengthening in household...
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NÉBIH: it is worth to review the ham and egg labeling during purchase
It is worth to review the labelings of ham and eggs during Easter shopping. On the basis of the labeling, the customer can get information about product type and quality,...
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Sheep Product Council: this year’s Easter lamb exports are expected to be lower than last year
Compared to the average of 100-120 thousand Easter lambs, this year about 10 thousand less is expected to be exported to Italy, while the available price will also decrease –...
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The countyside is more efficient in the selection of beverage cartons
There are significant differences in the practice of selective collection among the population of the Hungarian cities – the Italos karton Környezetvédelmi Szolgáltató Egyesülés (Beverage Carton Environmental Services Association) wrote...
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Euro area’s investor sentiment is on its ten-year peak
Sentix’s euro zone investor sentiment index performed extremely well in April in Global comparision. The stock market investors were such optimistic in April in terms of investment outlooks as they...
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The Chamber of Agriculture this year will help in the submission of the single applications again
The National Association of Agricultural Economics (NAK) this year will also help in the submission of the single applications – the organization told MTI on Monday. The period for submission...
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The chains expect rising sales at Easter
The retail chains in Hungary expect a strong Easter traffic this year. Due to the store closure on Good Friday, Thursday may be one of the busiest days of the...
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Nielsen: ham and chocolate bunnies are dethroneable at Easter
The Easter season causes no surprises. Hungarians buy tons of cooked ham and a chocolate bunnies. The ham retail sales exceeded 7 billion HUF in March-April 2016, which is two...
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GfK: the market power of the discounters is improving year by year
According to GfK’s latest 2016 Trade Analyzes study analyzing annual trends, the commercial channels the discounters increased their market share, while the non-organized trade – street vendors and markets and...
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KSH: February’s imports grew faster than exports
In February the value of export in euros increased by 5.4, while the value of import in euros increased by 7.1 percent, compared to the previous year. The trade surplus...
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NÉBIH: customers are increasingly looking for quality products
Compared to the previous years, more and more customers are looking for quality products – Helik Ferenc, head of the board of directors of priority issues at the National Food...
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The Easter was greeted with giant ham-cutting at the Fair of Hungarian Flavors
In addition to the traditional goodies, real festive specialties also appeared in the range of the Easter Fair of Hungarian Flavors, where 100 domestic small producers showcased their products from...
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Hungarians spend 4-7 thousand HUF for toys during this Easter
Toys and games and candies are given to the Hungarian children during Easter. The parents spend an average of 4-7 thousand HUF for Easter gifts – according to the separate...
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Fazekas Sándor: the Tisza fish soup is part of the Hungarian culture
The Tisza fish soup – that was recently elected among the Hungarikums – is part of the Hungarian lifestyle and culture – Fazekas Sándor, Minister of Agriculture said in Tiszafüred...
Read moreThe growth of retail sales slowed in the Czech Republic
Retail sales in the Czech Republic increased by 0.6 percent on an annual basis in February. In January, this indicator was 5.6 percent – the Czech Statistical Office (CSU) announced...
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Workforce shortage problem solved
As the problem of workforce shortage seems to be solved soon, the euro area may become stronger. At the end of last year the level of unemployment was the lowest,...
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Portugal to levy sugar tax on soft drinks
The Portuguese government expects to raise EUR 80 million for public health from introducing a sugar tax on soft drinks from 1 February 2017. The new tax would apply to...
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Lidl to provide services from Slovenia
Lidl plans to open an international services centre in Slovenia. The centre will specialise in administrative services. It will take about two years to complete the project and Lidl will...
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Everplast starts manufacturing recycled polyethylene foil
As a result of a HUF 440-million development project, Csömör-based Everplast Waste Recycling Zrt. has started manufacturing UV ray resistant foil in Sümeg – from the project’s budget HUF 220...
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Candy manufacturers expect similar or slightly higher turnover at Easter, compared to last year
The Hungarian Confectionery Manufacturers Association, in addition to an increase in the share of high-quality products expect a similar, or slightly higher Easter traffic than in last year – Sánta...
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VAT cut can double fish consumption
The Ministry of Agriculture has recently taken the initiative to reduce the VAT on fish to 5 percent. They hope to whiten the sector and fish consumption will be doubled...
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FruitVeB: the producers harvest 420-440 thousand tons of vegetables from glass houses annually
The farmers harvest 420-440 thousand tons of vegetables from glass houses annually from 2500-2600 hectares area – Ledó Ferenc said. Ledó Ferenc, Chairman of the Hungarian Fruit and Vegetable Interprofessional...
Read moreThe evaluation of the distillates sent to the Gyulai Pálinka Festival begins
The sensory evaluation of the samples sent to the Brillante – 2017 Pálinka és Párlat Verseny (Brillante – Pálinka and Distillate Competition) has begun on Thursday. This year, more than...
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The Nébih seized six and a half tons of smoked goods
About 6.5 tons of smoked goods were seized by the experts of the National Food Chain Safety Office (NÉBIH) in a unit of a meat store in Budapest. Due to...
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The artisans market of the Tokaj-hegyalja producers received the Takács András Memorial Award
The organizers of the Tokaj-Hegyaljai Piac (Tokaj-Hegyalja Market) were given the Takács András Memorial Award this year. The recognition was handed over to three of the organizers of the Tokaj-Hegyaljai...
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