Market News
Shipments of smartphones fell by 8.7 percent in the second quarter
In a year-on-year comparison, the shipment of smartphones in the world fell by 8.7 percent to 286 million in the second quarter of this year – according to the preliminary...
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Inflation in Austria set a nearly half a century record
According to the first estimate published by the Austrian Statistical Office on Friday, the highest inflation in Austria in 47 years occured in July. According to preliminary data, the annual...
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Eurozone GDP growth in the second quarter was better than expected
In the second quarter, economic growth in the Eurozone was better than expected, based on the first estimate published on Friday by Eurostat. Eurozone’s gross domestic product (GDP) expanded by...
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Consumer sentiment improved in the United States in July
Consumer sentiment in the United States improved even more than previously expected in July, compared to the previous month. According to the final data of the usual monthly survey of...
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A bill is being prepared against food waste in Spain
1,300 tons of food is thrown away every year in Spain – this unfavorable trend is meant to be changed by the new bill, which makes it mandatory that from...
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Great progress has been made: Ukrainian grain exports may soon restart
As a result of the negotiations between Moscow and Kyiv, the coordination center for the resumption of Ukrainian grain exports was opened in Istanbul on Wednesday. Turkish Defense Minister Hulusi...
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The potato growing area has shrunk a lot
It was not possible to stop the decrease. The potato growing area has continued to decrease in Hungary. In 2019, edible potatoes were planted on 13,287 hectares. According to the...
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According to a survey, two-thirds of career starters want a salary of over 350,000 HUF
Two-thirds of young people starting their careers would like to receive a gross salary of over 350,000 forints per month, just over thirty percent of those surveyed would be satisfied...
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In July, the economic sentiment in the euro area deteriorated significantly
In July, the economic sentiment index of the euro zone fell to the level of last February, and the consumer sentiment index reached a new low point in the European...
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KSH: The number of employed people was 4 million 739 thousand in June
In June, the average number of employed persons aged 15-74 was 4,739,000, 53,000 more than in the previous month. In the three-month period from April to June, the average number...
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Supply chain crisis leads to 60% surge in food waste
Unprecedented pressure on supply chains has led to food buyers in the UK’s biggest companies reporting a 60% increase in food waste over the last six months, a new study...
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A separate section will deal with the drought emergency
Minister of Agriculture István Nagy announced that the government is forming a drought emergency operational team in order to take government measures to deal with the extraordinary drought situation and...
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The number of employees in the second quarter was 4,693 thousand
Employment remains at a peak, 67,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 6,000, and the number...
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Most types of jam worth buying from store, since canning has become so expensive
Canning certain jams at home costs almost twice as much as high-quality store-bought jams, because the fruit in question costs twice as much in the markets this year as at...
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FMCG workplaces with a domestic production base lead in the career choice ranking of young people
According to a survey carried out by Zyntern.com, the job portal of the Z and Y generations, agricultural and economic sciences are among the top 5 industries among career choosers,...
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Analysts: the start of summer jobs in June also helped employment
The Hungarian labor market is close to full employment, and there is hardly any further opportunity to increase employment. With the start of summer work, seasonal effects also appear strongly...
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Energy labels matter a lot during an energy emergency
The energy emergency can lead to more conscious use of household appliances at the household level. According to the regulations valid from August, even those who do not live a...
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Italy’s Campari Sees First Half Sales Up 19%
Italian drinks group Campari posted a 19% rise in like-for-like sales in the first six months of the year, but warned that temporary supply constraints could affect shipments in the second half....
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An abundant harvest of apricots is expected this year
About 26,000 tons of apricots are expected from the 5,300-hectare production area this year, which is not a record, but a good amount compared to last year. The type and...
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The use of cooking oil as fuel may be legalized in France
We’ve all heard stories about how cooking oil can be used to power diesel engines, but it was illegal in France until now. However, the French parliament voted a 20...
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Grant Thornton: this is how to preserve the stability of companies in times of inflation
Inflation is putting pressure on the economy worldwide, and the situation is not expected to improve in the near future. The corporate sector is facing serious challenges and, like the...
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An illegal fish storage was uncovered by the fish guards on Lake Balaton
An illegal fish storage facility that had been operating for several years was uncovered by the fish guards of the Balatoni Halgazdálkodási Nonprofit Zrt. and the Nébih State Fisheries Service....
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Heinz profits fall 10.9% amid inflationary pressures
The Kraft Heinz Company have published its second quartile results revealing “strong price realization and resilient demand” despite an EBITDA decrease of 10.9%. The FMCG company reported a 13.4% decrease in gross...
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The price of red onions has increased
Although, in contrast to most vegetables, the price of red onions in Hungary did not rise for a long time, in May-June the price suddenly started to rise, and in...
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There will be enough coffee, but it will be expensive
Harvesting is going full steam ahead on coffee plantations in Brazil, with reports that farmers have already harvested about two-thirds of the crop. And although the harvest looks much better...
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The German economic researcher DIW indicates the approach of a recession
The business cycle barometer of the German economic research institute DIW Berlin continued to deteriorate in July, suggesting a recession in the third quarter. Based on the report sent to...
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This is what may cause additional 30-40 percent increase in the price of bread
According to the calculations of the National Association of Agricultural Cooperatives and Producers, as a result of the increase in energy costs, the drought and the poor grain harvest, the...
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Domestic corn is getting more and more expensive
In Hungary, edible wheat was traded at an average producer price of HUF 137.6 thousand per ton without VAT and transport costs in the second week of July. Feed wheat...
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The action that lowers the price of melons in the middle of the season is unjustified
In the medium term, melon cultivation in Hungary may cease, mainly because the producers cannot validate their costs in the transfer price to retail chains – draw the attention of...
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Coca-Cola increases revenue forecast as demand defies price hikes
Coca-Cola’s second-quarter sales exceeded expectations as the company raised its full-year guidance, encouraged by buoyant demand of soda, despite higher prices. In its second quarter, the FMCG giant reported an 8%...
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