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Friday 24 Nov 2017
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Retail Sales Growth Accelerates To 6% In May
Retail sales in Hungary climbed an annual 6% in May, the Central Statistical Office (KSH) said in a second reading of data. Retail sales rose by 5.5% when adjusted for calendar year effects. The pace of retail sales growth accelerated from an unadjusted and adjusted 3.2% and 1.8%, respectively, in April. Retail sales growth in May was highest since June 2016. more »
V4 Authorises Fico To Discuss Double Food Standards With EU
Prime ministers of the Visegrad Group countries have given authorisation to Slovak PM Robert Fico to discuss with European Commission head Jean-Claude Juncker next Thursday complaints concerning inferior quality food products distributed by western companies in the region. more »
Sales Of Tobacco Products Set To Rise To Record High This Year
Retail sales of tobacco products came close to 280 billion forints (EUR 0.9bn) in the first half of 2017 and are set to rise to a record high in 2017, business daily Világgazdaság said, citing data from National Tobacco Trade (ND) Nonprofit. more »

Mars To Boost Pet Food Production In Hungary


Mars To Boost Pet Food Production In Hungary
U.S.-based manufacturer Mars has announced it will invest HUF 1.5 billion in installing new production equipment at its Hungarian pet food plant, raising the headcount by 70 to around 900, according to Hungarian online news portal index.hu. more »

Rugs To Riches: National Bank Foundation Orders Four Carpets Worth USD 88,680


Rugs To Riches: National Bank Foundation Orders Four Carpets Worth USD 88,680
One of the “Pallas Athéné” foundations of the Hungarian National Bank has purchased four carpets for more than HUF 23 million (USD 88,680), reports Magyar Nemzet. more »

Hungary’s Retail Sales Grew 6% In May


Hungary’s Retail Sales Grew 6% In May
Sales in Hungarian retail stores increased by 6% according to raw data for May, compared to the same month a year earlier, and was up by 5.4% when adjusted for calendar effects, Hungary’s Central Statistical Office (KSH) said this morning in a first release of data. more »



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