News and articles
Retail sales in Russia accelerated and unemployment stagnated at a historic low
Russia’s retail sales accelerated in November, while unemployment remained at a historic low. Retail sales growth accelerated to 6 percent in November, up from 5.2 percent in October, according to...
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The new year started with price increases in Romania, but the prime minister confirmed with a tattoo that VAT will not be increased
In Romania, civil servant salaries, pensions and family allowances have been frozen, several tax breaks have been abolished, dividend tax has been increased and – due to the increase in...
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We are further strengthening our agricultural relations with Japan
The friendship of Japan and the agricultural market of the Far Eastern country are of paramount importance to our country, which is why we will further strengthen our existing relations...
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Czech breweries do not ship to Russia
Czech breweries do not ship beer to Russia; most of them stopped exporting to Russia in the spring of 2022, shortly after the Russian attack on Ukraine, the CTK news...
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Robot development is accelerating
Samsung is becoming the largest shareholder in Rainbow Robotics in a bid to accelerate future robotics developments, including humanoid robots. Samsung first acquired a 14.7% stake in the Korean company...
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How much will the worker’s loan repayment be?
Already in the first days, there was significant interest in the bank’s worker’s loan. A worker’s loan with state support, previously unseen on the Hungarian market, is also available at...
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Sándor Czomba: The number of registered job seekers has not been this low since the change of regime
According to data from the National Employment Service, in December 2024, only 220.8 thousand people were registered as job seekers, which is a decrease of more than 4 thousand people...
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Oatly Announces Closure Of Singaporean Facility
Oatly has announced the closure of its Singaporean facility, as the oat drink-maker seeks to reduce future capital expenditure needs. The Singaporean facility forms part of the company’s Europe &...
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German shoppers open to biometric payments
According to a recent Mastercard survey 43% of German consumers are open to paying with biometric identification at in-store checkouts, an increase of 9% compared to the previous year. Currently...
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One of Hungary’s largest podcast market players is being renewed
The entertainment audio platform Podpad.hu, launched by Atmedia in 2021, will be completely renewed, and will continue to be available to listeners for free under the name atalon from January...
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Lidl Opens First ‘Outlet’ Store In Czechia
German supermarket chain Lidl has opened its first ‘outlet’ store in Czechia, located in Prague’s Štěrboholy Retail Park. Lidl’s ‘outlet’ format offers non-food products at huge discounts. The discounter operates...
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Sunflower prices remain high
Oil World experts expect a global sunflower seed harvest of 53.9 million tonnes in the 2024/2025 marketing year, down 9 percent from 2023/2024. Russia’s harvest was 9 percent (16.9 million...
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Orange prices up 10 percent
According to a December report by the European Commission, the EU’s orange production could increase by 8 percent to 6.18 million tonnes in 2024 compared to a year earlier. According...
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Foot-and-mouth disease has appeared in Germany
Foot-and-mouth disease has reappeared in Germany after 37 years. The disease was detected in three free-ranging buffaloes in the state of Brandenburg. Nébih draws attention to the need for increased...
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Own webshop or online marketplace?
In a growing number of countries there is a trend of online marketplaces offering a selection of various private labels in one place. This article is available for reading in...
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Bird flu has reappeared in Hajdú-Bihar County
The laboratory of the National Food Chain Safety Office (Nébih) has detected the presence of bird flu virus in Hajdú-Bihar County. The eradication of the affected goose herd has been...
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The loan portfolio of agriculture and the food industry also decreased
The loan portfolio of corporate enterprises in the national economy increased by 3.5 percent to HUF 12,741.0 billion in one year. Within this, the value of foreign currency-based loans increased...
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Carrots and parsley root are also in demand on the domestic market
Although carrots and parsley root are everyday products for us, their production requires special knowledge and technology. At the same time, domestic producers, in addition to serving the domestic market...
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Quick commerce booms in India as consumers seek faster deliveries
The demand is particularly high amongst younger consumers. Quick commerce in India is rapidly transforming the retail industry, with growing demand for fast delivery of daily essentials, according to GlobalData....
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REWE Group Revamps Digital Loyalty Programmes
REWE Group has announced a new format for its digital loyalty programmes for both REWE and Penny customers, leveraging data-driven technologies to better deliver personalised offers. According to the retailer,...
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Lactalis to close factory in Zambia
The dairy group has cited “market dynamics”, according to a government minister. Lactalis has decided to shut a factory in Zambia, the country’s government has said. The dairy group has...
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KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased by 3.7 percent according to raw data, and by 4.1 percent adjusted for calendar effects, compared to the same period...
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NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that families can manage with more money and thus consume more – this is how the Ministry of National Economy (NGM)...
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Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly changed the economic outlook for 2025. For much of 2024, we considered a soft landing in the US as our...
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GKI analysis: We are further away from eurozone membership than we were 10 years ago
Hungary committed to adopting the euro when it joined the European Union. Below, we analyze the fulfillment of the four key criteria required for joining the eurozone. The budget deficit...
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Sixfold difference between settlements – Development of net earnings in 2023 by settlement
The GKI examined the development of net earnings by settlement in 2023. This year, real earnings decreased, but this was not uniform by settlement. Net earnings were highest in the...
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We spent nearly one hundred thousand forints on food during the holiday season
Christmas preparations determined the turnover of the Kifli.hu online supermarket in December 2024. The demand for home baking, premium products and special holiday dishes was outstanding, but the purchase frequency...
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FAO’s global food price index fell in December
The global food commodity price index fell in December, driven by lower international sugar prices, the Food and Agriculture Organization of the United Nations (FAO) said today. The FAO food...
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MNB: inflation will rise temporarily, but may remain within the three percent range in 2025
Inflation in Hungary will rise temporarily in the coming months, but will mostly remain within the 3 percent target range for the whole of 2025; from the second half of...
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Eurozone inflation rises to highest level since July in December
The eurozone inflation rate rose for the third consecutive month in December, according to the first estimate based on preliminary data published by the European Union’s statistical office, Eurostat, on...
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