News and articles
Employment continued to decline
In December, the monthly unemployment rate reported by the Central Statistical Office was 4.3%, which is below our expected 4.6% and the Bloomberg consensus. In November, we saw a rate...
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GVH: The expansion of the online Price Monitor is another help for Hungarian families
The online Price Monitoring system operated by the Hungarian Competition Authority (GVH) can help to keep food prices under control by stimulating the market. The GVH cooperates with the Ministry...
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K&H: Young people’s income has increased to a record level
The average monthly net income of young people increased to 234 thousand forints by the end of last year, compared to 200 thousand a year earlier. Compared to 2019, the...
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The Food Bank is an effective alternative, but the operation of the Food Rescue Center is still opaque
In January 2025, the Food Rescue Center Nonprofit Ltd. (EMK), for the operation of which the state has spent several billion forints in recent years, began its fourth year of...
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Turkey’s inflation slowed less than expected in January
In Turkey, the annual inflation rate slowed less than analysts had expected in January compared to December. Annual inflation eased to 42.12 percent in January from 44.38 percent in December....
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The luxury watch market is on a steep upward trend: special pieces are becoming increasingly popular even among Generation Z
The demand for premium and luxury watches has shown significant growth worldwide in recent years. According to experts, the value of the luxury watch market could increase to nearly $135...
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Gastronomic festivals all year round at Lake Balaton
The vice president of the Balaton Tourism Association, Tamás Fekete, emphasized in his press release that tens of thousands of people come to the Balaton area every year to participate...
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Czech beer culture added to the list of Czech intangible heritage
Czech beer culture has been added to the list of Czech intangible cultural heritage, Czech Culture Minister Martin Baxa, whose ministry initiated the move, announced in Prague on Thursday. “The...
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SPAR proudly sponsors the 2025 European Athletics Indoor Championships in Apeldoorn
SPAR is proud to be a sponsor of the 2025 European Athletics Indoor Championships, taking place from Thursday, 6 March to Sunday, 9 March 2025, in Apeldoorn, the Netherlands. This...
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Nestlé to invest $1bn to expand Mexico production
The Swiss giant is planning to increase the capacity of production plants in Veracruz, Guanajuato, Querétaro and the State of Mexico. Nestlé has put together a $1bn investment package for...
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The forint strengthened to a winter record high last Wednesday
The forint strengthened to a winter record high last Wednesday – the euro exchange rate even dipped below 407 forints on the interbank money market. The retail interest payment of...
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France not allowed to ban names like ‘plant-based bacon’
Manufacturers of plant-based meat alternatives are allowed to continue using words like ‘steak’, ‘sausage’ and other meat industry terms in France. The ruling of the French Supreme Court is a...
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Generali Group announces new growth strategy
The Generali Group is launching a new three-year strategy called “Lifelong Partnership 27: on the path to excellence”, which sets ambitious growth targets and sustainable financial development for the period...
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Retail is growing stronger: where and how much do Hungarians earn and spend?
Hungarian retail is gradually strengthening, but according to the data, there are still significant differences in earnings and spending between the country’s regions. In the first nine months of 2024,...
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Shrinkage inflation affects more and more products
Shrinkage inflation continued in January 2025, with more food and toiletries now available in smaller packages in stores, Portfolio reports. The paper reminds us that the change affects all pre-packaged...
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Rising food prices: spectacular price increases at the beginning of the year
In the first month of the year, a significant price increase can be observed in stores: in the same store, the same products cost up to 10 percent more than...
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Mere in Hungary: price list already available, no store yet
The Russian retail chain Mere has not yet officially opened a store in Hungary, but its price list has already been prepared, which reveals the prices it plans to compete...
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Arabica coffee breaks records
The price of Arabica coffee has already risen by 15 percent this year, setting a new record on the international market, Reuters reports. Arabica is the main ingredient for higher-quality...
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NGM spokesperson: in addition to GDP data, indicators affecting people’s lives also developed favorably
Beyond the gross domestic product (GDP), there are human lives, indicators that influence people’s lives, and they have also developed favorably in the recent period – stated the spokesperson for...
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GDP could grow by 2 percent in 2025
According to the current outlook, GDP growth of around 2.3-2.4 percent can be expected in 2025 in annual comparison, which exceeds the 0.5 percent increase according to last year’s raw...
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Declining profitability, increasing efficiency: challenges and opportunities in pig farming
Pig farmers are expecting declining profitability this year, despite their continuous improvement in efficiency. The sector faces both serious challenges and opportunities due to the expected lower purchase prices and...
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Significant changes to the cafeteria system from 2025
From 025, employers can contribute to the housing costs of employees under 35 with preferential taxation, including the repayment of the housing loan and the sublease fee. To verify eligibility,...
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Csiha Zrt. from Szeged is developing a controlling system for warehouse automation
Csiha Zrt. is developing a controlling system for warehouse automation with the support of the National Research, Development and Innovation Office (NKFIH), the Szeged-based IT company informed MTI. According to...
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Bacardi and Cuba’s legal battle over Havana Club trademark continues
A bitter legal battle continues between Bacardi and the Cuban government over ownership of the Havana Club brand. A Virginia court ruled in favor of the United States Patent and...
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Tourism in December 2024: growing tourist traffic, different regional trends
In December 2024, the number of guests staying in tourist accommodation in Hungary increased significantly compared to the same period of the previous year. According to the Central Statistical Office...
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KSH: food industry sales prices increased by 4.5 percent
In December 2024, industrial producer prices were 9.0 percent higher on average than a year earlier. Domestic sales prices were 4.0 percent higher and export sales prices were 11.5 percent...
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Middle-aged Hungarians travel an average of 17,000 kilometers per year
While middle-aged Hungarian drivers have been driving the same average of 16-18 thousand kilometers for years, their fuel expenses have increased due to the increase in the cost of refueling,...
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GVH has decided: Wizz Air will refund thousands of passengers
Wizz Air deceived its passengers, and the company must pay a refund due to unfair commercial practices, the Hungarian Competition Authority (GVH) told MTI on Friday. According to the competition...
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More than 20 percent of akg and eco-applications were submitted by farmers with the help of the chamber
A total of about 5,400 applications were submitted by farmers nationwide to the call for applications supporting agri-environmental management (AKG) and organic farming (ÖKO) with the free assistance of the...
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Inflation slowed in Germany in January
Instead of stagnating as analysts had expected, German inflation slowed in January, according to a report by the German Federal Statistical Office, Destatis, based on preliminary data on Friday. In...
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