News and articles
KSH: GDP grew by 1.4 percent in the fourth quarter of last year
The volume of gross domestic product (GDP) decreased by 3.6 percent in the fourth quarter of last year, compared to the same period of the previous year. The seasonally and...
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A new digital market connects Hungarian producers with customers
The official test mode of Hungary’s newest online producer market was launched on March 1. As part of the Digital Producer Market program, kozertplusz.hu it connects farmers and artisans directly...
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Factoring is becoming increasingly popular among SMEs as digital finance products are the future
Interest in digital financing products has grown significantly, as the crisis caused by the pandemic has had a strong impact on the liquidity of domestic SMEs. Since March 2020, the...
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SPAR offers more and more health-conscious food products
Based on the constantly changing customer needs, the company will enrich the number of its lactose, gluten and soy-free food products with new product developments this year as well. Demand...
Read moreTobacco growers closed a bad year last year
In terms of average yield, tobacco growers closed a bad year in 2020 – the president of the National Association of Hungarian Tobacco Growers (Madosz) told MTI on Monday. Bényei...
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The field of organic farming is significantly expanding in Hungary
The expansion of the size of the area involved in organic farming in Hungary is significant – the Ecological Agricultural Research Institute (ÖMKi) told MTI. The organization found from the...
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Analysts: labor market is facing a difficult quarter
Until the end of last year, the labor market still persisted against the second wave of the pandemic, but in the first quarter of this year promises will be difficult....
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Gender equality in homes starts with this, according to IKEA research
According to the vast majority of Hungarian couples, gender equality is an important issue and, in fact, a condition for a happy relationship, according to IKEA’s international research. At the...
Read moreConsumer sentiment in the United States deteriorated in February
Consumer sentiment in the United States deteriorated in February, according to a standard monthly survey by the University of Michigan. According to preliminary data, the value of the consumer sentiment...
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Overall satisfaction with retailers falls
Overall customer satisfaction with large grocery chains dropped significantly in 2020, according to the latest Retail and Consumer Shipping Report from the American Customer Satisfaction Index (ACSI), released 2nd of March. The...
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Magazine: 2021: Change is here to be solidified
In 2020 we stopped flying and most likely the trend will continue until April-June 2021, ‘home office’ became a standard work routine for several sectors, we minimised our driving and...
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Vision for the near future
Our magazine interviewed some of the more innovative actors in the commercial pálinka distillery market. The topic was: how did they adapt to the pandemic-induced crisis situation? László Nagy, the...
Read morePurina targets food waste by using surplus brewery grains in dog treat pilot
Purina today launches a new dog treat formulated with nutritious surplus grains from breweries. By upcycling grains that might otherwise be left to spoil, Purina is able to reduce food...
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USAID Partners with Nestlé to Boost Low-Carbon Coffee Production in Southeast Asia
The United States Agency for International Development (USAID) Green Invest Asia project has signed a Memorandum of Understanding with Nestlé aimed at reducing the company’s coffee carbon footprint in the...
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It’s in the bag! Tesco partners with Mondi to close the loop for shopping bags from retailer’s own paper waste
Leading global packaging and paper group Mondi and Tesco Central Europe have launched a new partnership, in which Mondi will purchase the retailer’s warehouse corrugated waste to create recycled paper...
Read moreAccording to a study, the coronavirus has changed consumer habits
As a result of the coronavirus, customer habits have changed and the composition of the consumer basket has also changed – stated a research conducted by Garai-Fodor Mónika, Dean of...
Read moreWithin the region, Erste is the fastest growing economy in Hungary
GDP growth rates in the region will be between 3 and 6 percent this year, with the strongest recovery of 5.5 percent expected in Hungary, the Erste Group told MTI...
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KSH: investments increased in the fourth quarter of last year
In contrast to the decline in the first three quarters of last year, the volume of investments increased by 2.5 percent in the fourth quarter compared to a year earlier....
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Shopkeepers: at least they tried
At the end of 2020, the pandemic washed away the festive rush of shoppers in stores, even though shopkeepers had high hopes for it – blokkk.com wrote. In the end,...
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This year, the amount of agricultural insurance premium subsidies increased to 11 billion HUF
Last year, the amount of support for agricultural insurance premiums increased from 5 billion HUF to 7 billion HUF, and this year by another four billion, the Association of Hungarian...
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KSH: employment decreased in January
The average monthly number of employees was 4,537,000. Partly as a result of the pandemic, partly due to seasonal effects, the number of employees decreased by 97 thousand compared to...
Read moreMLBKT: PMI declined in February
The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in February fell by 49.4 points from the 54.5 points of January – the Hungarian Logistics, Purchasing and Inventory Company...
Read moreThis is waiting for the world after the pandemic: a new forecast has arrived
The US stock market will remain outperforming, China will not catch up with the United States by 2050. On the other hand, inflation will be higher while interest rates will...
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Express delivery at Walmart –without minimum order
From 1st May Walmart dropped the $35 minimum purchase requirement for its two-hour Express delivery service, which the retail giant launched last May. The rapid service is an “arms race” among the retailers in...
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We will pay for the global container shortage
We can feel the global health and economic effects of the coronavirus, not only on our skin, but also on our wallets. Thanks to last year’s buying fever, accumulated reserves...
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Serbia: shortened opening hours to come?
Restaurants and shopping malls could be open until two in the afternoon over the weekend in Serbia due to the decision of the crisis team in charge of dealing with...
Read moreConsumer sentiment in Germany has improved more than expected
The March German consumer sentiment index of the GfK economic research institute has improved beyond expectations. According to the survey, consumers expect an improvement in both the economic environment and...
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Half a million boxes of cigarettes were found by financiers at Nagylak
Half a million boxes of presumably counterfeit cigarettes were found by financiers in a Romanian truck at Nagylak, a spokesman for the National Tax and Customs Administration (NAV) told MTI....
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Another wave of the pandemic is already threatening grocery stores
In recent days, there have been indications from several places that another wave of pandemics in trade is already endangering daily operations – Magyar Nemzet Online wrote. It is possible...
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Analysts: the pace of wage growth will slow this year
Compared to the performance of the economy, wage growth was particularly dynamic last year, but this year the pace may slow markedly, as already indicated by the agreement on the...
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