Market News
Global air cargo and passenger traffic increased in the first half of the year
Global air passenger traffic growth is up 6 percent year-over-year in the first half of the year, according to the International Air Transport Association's (IATA) latest Air Passenger Market Analysis....
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Tisza fish soup was added to the National Depository
The Tisza fish soup was added to the National Depository specified by the Hungarikum Commission – the Minister of Agriculture announced. (by our colleauge)...
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Freight forwarding companies: offering more services is the only way to go
Members of the supply chain expect logistic service providers to keep developing and offering new services. Bálint Varga, the head of Gebrüder Weiss Transport and Logistics Kft.’s sales and marketing...
Read moreOpten: signs of stabilization in the retail sector
The retail sector's revenue declined slightly, but its profitability increased significantly, while the number of employees has not returned to previous levels after the abolition of Sunday store closure –...
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FruitVeB: despite the capricious weather the fruit and vegetable sector may close an average year
The capricious weather caused far smaller than estimated damages to the fruit and vegetable producers. The amount of vegetables will be more than last year’s, while an average quantity of...
Read moreKSH export increased by 5 and import grew by 1.3 percent in June
The value of exports in euros increased by 5 percent, while imports grew by 1.3 percent in June compared with a year before, so the trade surplus increased by 302...
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In one year more than 7,500 tons of banned import foods were destroyed in Russia
More than 7,500 tons of food has been destroyed in Russia since the Kremlin's introduction of a ban on Western imports in August last year – the Russian Agricultural Supervision...
Read moreRomanian retail sales increased by 18 percent in the first half of the year
The volume of Romanian retail sales increased by 18 percent in the first half of the year, compared to the same period of last year – the Romanian national statistical...
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Food products were the most frequently advertised in May
In May 2016 television commercials for groceries reached the most 18-49 year old viewers, as their GRP was 30,813 points, 6 percent higher than in last May. The GRP shows...
Read moreAnalysts: retail sales growth remains in the long-term
Among other things, due the growth of real wages, the increase in employment and the strengthening of consumption, retail sales growth may remain long-lasting for the remainding part of the...
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Watermelon floods Europe
The purchase price of watermelon is low not only in Hungary, but all over Europe. There is an oversupply on the markets – the National Association of Agricultural Economics (NAK)...
Read moreFM: conscious management and control in the wine sector
The Hungarian wine sector needs conscious management and control, this could be a long-term guarantee of success – the Deputy Minister of State of the Ministry of Agriculture announced on...
Read moreThe number of employees continued to increase in the agricultural sector
The number of employees continued to increase in the agricultural sector this year; in the first three months, the sector has employed more than 211 thousand people – the Minister...
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Illegal wells may become legal
A legislative change appeared recently that will legalize the illegally created wells. The legislative change was initiated by the National Agricultural Chamber and will allow the owners of the wells...
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Retail sales decreased in the EU
Eurostat announced that retail trade volume in June in the Eurozone was unchanged from the previous month, while sales decreased by 0.2 percent in the whole European Union. In a...
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Euro zone’s economic growth has accelerated
Euro zone’s economic performance increased with a slightly faster pace in July. It seems that the region got over quickly over Brexit – the Purchasing Manager Index (PMI) of the...
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NAK membership registry complete
The Hungarian Chamber of Agriculture (NAK) has approximately 400,000 members, from primary producers to sole traders to family farms and food industry enterprises. This year the revenue from membership fees...
Read moreWinemakers allowed to use more grapes for vin de pays
Sorry, this entry is only available in HU....
Read moreKSH: retail sales increased by 5.7 percent in June
The volume of retail sales in June, increased by 5.7 percent according to both the raw data and calendar effect adjusted data, compared to the same period of the previous...
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The Bakers’ Association suggests VAT rate cuts and clear market conditions
The Hungarian Bakers’ Association suggests a reduction of Value Added Tax (VAT) and to create fair market conditions, in the baking industry – Septe József, president of the association told...
Read moreWheat beers did well in a food safety test
Wheat beers did well in the test of the food chain safety authority; 18 products were checked by the staff of the authority and no deficiencies were found – the...
Read moreThe tobacco supplier does not infringe EU competition laws
The European Commission will not initiate a procedure on the central tobacco supplier – MTI was informed from sources in Brussels. The European Commission has accepted the Hungarian Government's argument...
Read moreNGM: retail is expanding for three years continuously
The retail sales are continuously growing for thirty-six months. In the past year, except in January, growth was 4-5 percent each month, compared to the same period of the last...
Read moreThe National Council of Wine Communities prepared a comprehensive sector strategy
The National Council of Wine Communities (HNT) – in accordance with the cooperation agreement with the Ministry of Agriculture (FM) – prepared a comprehensive sector strategy for the whole Hungarian...
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Red pepper growers should remember that an important deadline will expire
The 37/2014 (IV. 4) agricultural de minimis decree of the Ministry of Rural Development (VM) on the support of paprika growers was released. The producers can apply for non-refundable agricultural...
Read moreBisnode: company liquidations at the low point
The number of forced cancellation decreased by over thirty percent, while the number of liquidations decreased by almost twenty percent in the first half of the year, compared to the...
Read moreThe irrigation development tender of the Rural Development Programme to be amended
In order to effectively implement projects aimed at increasing the irrigated land, the Rural Development Programme’s rural water sector applications to be amended. The submission of grant applications will be...
Read moreSupport to easen grape cicada damages
Support claims for the spraying of US grape cicada pesticide can be submitted until 15 August. 50 percent support can be claimed after spraying within the 1 May to 31...
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Trends in neighbouring countries: a mixed picture
FMCG value and volume sales were up in Romania, Serbia, Slovakia and Slovenia. Volume sales practically stayed put in Austria and Croatia. Average prices dropped in Romania, Slovakia and Slovenia,...
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Nielsen: the Hungarian consumer confidence fell in the second quarter
The consumer confidence index in Hungary decreased: the second quarter’s 57 points is 4 points less than the first quarter’s 61 points. However, if we compare it with the 55...
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