Market News
Heineken Posts Strong First Half, Drops 2023 Margin Target
Heineken has posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target for 2023 as costs spiked. The brewer of...
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BMI: Steady growth in July
The seasonally adjusted July value of the Purchasing Manager Index (BMI): 57.8. Compared to the previous July values, this year’s value is higher than the long-term average for this month...
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This is what families spent their tax-return on
At the beginning of this year, parents of children received a refund of the amount of personal income tax for the previous year. The affected households received different amounts, according...
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The use of waterless products in personal care launches is increasing globally
The use of waterless products in personal care launches is increasing globally, featuring a + 157 year-over-year increase when comparing 2020 and 2021 launches. In 2021, the top category of...
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Hungary can be one of the first to advertise on TikTok
Anyone who thinks that text and image ads are still the key to successful sales is wrong. TikTok is gaining ground and gathering users in our country at an amazing...
Read moreProposals have been received from Greenpeace to reduce plastic packaging in food stores
Greenpeace also prepared its publication for food stores in Hungarian, in which the green organization, referring primarily to British examples, formulates professional recommendations on how the disposable plastic packaging used...
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Grocers and food brands take older consumers for granted
In an opinion column for Advertising Age, Pamela Millman, associate director, Integrated Marketing at AARP Media, writes that the over-50 crowd buys 54 percent of all groceries in the U.S. and...
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One step ahead – AGÓRA Conference
Significant changes have accured recently in the world economy, affecting Hungarian companies too: inflation, energy prices, sustainability issues. The annual traditional conference of Magyar Termék Nonprofit Kft. focuses on and...
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The Drought Emergency Task Force proposed a five-point action plan
As we wrote about earlier, a separate operative group will deal with the emergency due to the drought. Hungary is hit by a historic drought. The government and the Ministry...
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Company cars are excluded from the gas price freeze: about 800,000 cars are affected by the new law
Portfolio has learned from sources close to the government that about 20% of passenger cars may be company-owned cars, which could mean about 800,000 cars. Since these cars can run...
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German asparagus is not affected by the weather, but consumers are buying less of it
According to the crop estimate of the German Federal Statistical Office, Destatis, the volume of the German asparagus crop in 2022 was 113,000 tons, which is the smallest amount in...
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Mihály Varga: companies can pay the tax in euros and dollars
The government has decided on tax relief: companies can pay corporate tax and business tax not only in forints, but also in euros. The news was posted by Mihály Varga...
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AM: the government decided on HUF 15 billion EU development support for domestic food industry plants
As a result of the call for complex development of food plants, four Hungarian food industry enterprises will receive a total of HUF 15 billion worth of development resources as...
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According to experts, autumn brings new food price increases
Hungarian households cannot expect much good from this fall. Dávid Németh, the chief economist of Aa K&H Bank, talked about the possibility of further food price increases in the Spirit...
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Experts: the number of severe drought years in Hungary may continue to increase until the end of the century
In a large area, this year is expected to be the most severe drought in the last 50 years in Hungary, and the number of severe drought years may continue...
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Going back to school will also be much more expensive this year
Families will be able to buy notebooks and other paper industry products 40-50 percent more expensive at the start of school than at the beginning of the year, and a...
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(HU) Agrárminisztérium: befejezéshez közelednek a nyári aratási munkák
Due to the high heat and the extreme drought, the harvest of the ears of corn was completed earlier this year. The yields of field crops fall short of the...
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Bees are starving: there is not enough nectar and pollen due to the drought
The months-long drought is causing serious problems not only for people living in agriculture, but also for beekeepers. In drought, the flowers barely produce nectar and pollen, so the bees...
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Even on Svalbard, everything is full of plastic
According to experts, the fact that plastic breaks down into particles over time and accumulates everywhere in nature is a huge danger. Even in Svalbard, everything is full of plastic,...
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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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