News and articles
KSH: agricultural output stagnated last year
Agricultural production was down 0.3 percent from the previous year due to a 1.7 percent growth in the livestock sector and a decline in crop and horticultural products. The 3.2...
Read moreAnalysts have positively surprised with Q4 GDP
Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...
Read more
MNB: Households’ net wealth exceeded 108 percent of the GDP at the end of 2019
Households’ net financial assets increased by 11.7 percent last year to 50,932 billion HUF at the end of the year. Households’ financial assets totaled 61,161 billion HUF, accounting for 130.8...
Read more
More than 50,000 people visited the FeHoVa Exhibition
More than 50,000 people visited the 26th Weapon, Fishing and Hunting Exhibition (FeHoVa), held between 7 and 10 February, at Hungexpo’s Budapest Fair Center – the organizer told MTI on...
Read moreThe Minister of Agriculture calls for the development of practical solutions to climate change
Climate change is changing, along with environmental, economic and social challenges, all of which require the development of practical solutions – Nagy István, Minister of Agriculture said at the opening...
Read moreEY: the number of cyber attacks can be increased by introducing an instant payment system
After eight months of postponement, the Immediate Payment System (AFR) will be launched in Hungary in early March. With the introduction, new types of frauds can be expected. For example,...
Read moreConsumer sentiment in the United States improved in February
Instead of the deterioration expected by analysts, consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to preliminary...
Read moreInflation growth in the Czech Republic accelerated
Annual inflation in the Czech Republic accelerated to 3.6 percent in January from the 3.2 percent of December, the Czech Statistical Office (CSU) announced in Prague on Friday. This is...
Read more
Nestlé reports full-year results for 2019
Organic growth of 3.5%, with real internal growth (RIG) of 2.9% and pricing of 0.6%. Growth was supported by strong momentum in the United States and Purina PetCare globally. Total...
Read more
Discounter Kaufland Takes Over Three Tesco Stores In Poland
Discounter Kaufland has increased its presence in Poland, with the takeover of three former Tesco outlets, in Warsaw, Gdansk and Kraków. The three stores opened under the Kaufland banner on...
Read more
Carrefour Polska Removes Disposable Plastic Plates And Cutlery From Stores
Carrefour Polska has announced that it has removed disposable plastic plates and cutlery from its stores across the country. The initiative is part of the retailer’s environmental strategy to cut...
Read more
Aldi increases plastic bag price to encourage recycling
Aldi is putting the price of its flexi-loop “bags for life” up from 9p to 15p to encourage customers to reuse. Aldi will reduce the volume of plastic bags sold...
Read moreKSH: gross domestic product increased by 4.9 percent in 2019
Last year, gross domestic product (GDP) grew by 4.9 percent year-on-year, according to the first estimate of the Central Statistical Office (KSH) published on Friday. Annual GDP growth was 4.3...
Read more
The changes in the fisheries sector are successful
Based on experience and feedback, the changes in the fishery sector have been successful, and over the past few years the number of anglers has increased by more than 150,000...
Read moreAM: 2021will be a transitional period for EU agricultural support
There will be a transition period next year for EU agricultural subsidies, while the new Common Agricultural Policy (CAP) will be governed by the regulation for the 2014-2020 period for...
Read more
Tesco was awarded the Investor of the Year award
The Tesco Business and Technology Services Center is recognized by the National Investment Agency (HIPA). Ésik Róbert, CEO of the National Investment Agency; Pártos Zsolt, Managing Director of Tesco Magyarország;...
Read more
Mastercard has increased its Valentine’s Day spending in Hungary by 1.5 times over 3 years
Valentine’s Day spending increased by 17 percent and pre-purchase purchases by more than 30 percent over the last three years, according to a study based on data from 53 countries....
Read more
Branded perfumes at SPAR’s Spring Loyalty Offer
The store chain is offering branded perfumes to its loyal customers in a point-of-sale promotion on February 13. Perfumes for women, men and unisex are great gifts for Valentine’s Day,...
Read more
Auchan raised 21 million forints with plush beaver
The No. 2 Department of Pediatrics of the Semmelweis University buys life saving equipment from donation. Exceeding expectations, Auchan raised a total of 21 million forints in a charity campaign...
Read more
Cool moms save hundreds of thousands in the first three years
Nowadays, it is no longer a question of taking care of our environmen. Let’s see what we can do ourselves. Having a baby is often not really environmentally friendly, and...
Read more
The Borjour Magnum major tasting centered on cabernet franc
Villány’s most important blue grape variety, cabernet franc, will be the highlight of the 11th Borjour Magnum. The largest indoor wine-tasting event in Hungary awaits the visitors with more than...
Read more
Fourth-quarter GDP growth in the euro area is at a six-year low
Downward from its previous estimate, the euro area’s fourth-quarter annual GDP growth rate has been revised down in a report released Friday by Eurostat, the EU’s statistical office. According to...
Read moreRetail sales in the United States stagnated in January
Sales of automotive, fuel and construction products, as well as retail sales excluding hospitality, stagnated in the United States in January, compared with December, when they recorded a 0.2 percent...
Read more
Online FMCG sales: A small share expanding rapidly
According to the Nielsen Shopper Trends survey, 18 percent of shoppers said at the end of 2018 that they had already purchased groceries online (this rate was 2 percentage points...
Read more
Puts ‘Empathy Gap’ In The Spotlight In New Campaign
Coca-Cola has revealed a new advertising campaign which includes a television commercial, which will run in selected countries across Europe this month and highlights a societal empathy pap, particularly among...
Read more
Gen Z shoppers love the physical customer experience
While the Gen Z generation loves their mobile devices, apps and social media, they also love engaging with physical retail store associates. More than half, 58%, prefer the brick-and-mortar shopping...
Read more
Eroski Purchased More Than 3,000 Tonnes Of Sustainable Fish Last Year
Spanish retailer Eroski has announced that it purchased around 3,144 tonnes of fish with sustainability certification in 2019. Out of the total, the retailer sourced more than 1,880 tonnes of...
Read moreKSH consumer prices rose 4.7 percent in January
Consumer prices were on average 4.7 percent higher in January than a year before – the Central Statistical Office (KSH) announced on Thursday. Consumer prices rose to a greater extent...
Read more
The Hungarian advertising market is expected to grow by 7 percent this year
The Hungarian advertising market is expected to grow by 7 percent this year, mainly due to the competitive sector, as 2020 is expected to be a quieter period for political...
Read more
The Hungarian exhibitors of PRODEXPO conquer the Russian market with wines, truffle and goose liver products, high-quality condiments and baby food
PRODEXPO, Russia’s most important Food, Beverage and Raw Material Exhibition, has opened. At the five-day event, the Agricultural Marketing Center will welcome professional visitors with a community booth and eight...
Read more