Market News
A wave of fee increases is coming at domestic banks
Significant fee increases are expected at Hungarian banks from January 2025, after the stop on fee increases previously introduced by the government expires. OTP Bank has already announced the new,...
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According to a study, e-mobility is also expanding in domestic transport
The greening of freight transport is inevitable, and the proportion of e-vehicles in Hungarian logistics will increase in the next five years, according to industry research commissioned by Siemens. The...
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K&H: the “money teachers” competition starts
K&H has introduced a new special award called “K&H TikTok money teacher” for the 15th anniversary season of K&H Vigyázz, ready, money! in the framework of a financial competition, K&H....
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Lidl GB To Open 10 New Stores Before Christmas
Lidl GB has announced an expansion programme that will open ten new stores and create around 400 new jobs across the UK before Christmas. The expansion plan includes locations at...
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Curly hair, skin care, and sun protection lead 2024 beauty trends
There is an increasing demand for products tailored to curly, coily, and Afro-textured hair. Curly hair care, proactive skin care, and multifunctional sun care are driving new product launches and...
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Sándor Czomba: the number of registered job seekers continues to decrease
Based on data from the National Employment Service, there were 226,219 registered job seekers in October 2024. Their number decreased by 2,000 compared to the previous month, and slightly further...
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Nestlé eyes sales jobs cuts in France
According to trade union CFDT Agri-Agro, Nestlé is looking to axe 148 jobs as part of moves to “drastically reduce” its sales force in the country. Nestlé is planning to...
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Adony Logisztikai Központ Kft. implemented development based on artificial intelligence
Adony Logisztikai Központ Kft. has implemented development based on artificial intelligence and sensor technology – the company operating the intermodal logistics center told MTI. The company won HUF 793 million...
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Idea fair in Kansas
On 7-8 October the Shop! Ideation conference, the biggest event of POPAI Hungary’s parent organisation, was held in Kansas City (USA). This article is available for reading in Trade magazin...
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A view from the NIQ lighthouse
The October meeting of POPAI Hungary was held at the NielsenIQ headquarters. This article is available for reading in Trade magazin 2024/11 Managing director Erik Vágyi welcomed participants, describing the...
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In September only the trade outlook deteriorated significantly
In September domestic business expectations didn’t change very much. After July and August, the GKI Business Confidence Index was lower in September than in August only within the margin of...
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Lower poultry prices
According to AKI’s slaughtering statistics, 487.3 thousand tonnes (live weight) of poultry were slaughtered in Hungary in the first eight months of 2024, 10.9% more than in the same period...
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Winners of the HUNGAROPACK Hungarian Packaging Competition in 2024
The National Association of Packaging and Materials Handling (CSAOSZ) organised the 41st HUNGAROPACK Hungarian Packaging Competition in 2024. This article is available for reading in Trade magazin 2024/11 Several of...
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Measuring success for 20 years: double celebration by Superbrands Hungary this year
2004 was the year when Hungary’s leading brands were rated by the international Superbrands Programme for the first time. This article is available for reading in Trade magazin 2024/11 The...
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Rally for Hungarian food – for the 18th time
The Master Good Kft. team won the 18th edition of Coop Rally. As part of the professional programme promoting quality Hungarian food production and products, this year saw the teams visit six...
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No-meat mood in the frankfurter category
Although frankfurter retail sales were lower last year than in 2022, the end-of-year season was stronger than the year before. This article is available for reading in Trade magazin 2024/11...
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Huge success at the WorldStar Student Awards competition
Every year the World Packaging Organisation organises the annual WorldStar Student Awards competition for university students that are involved in packaging design projects. This article is available for reading in...
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Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of the dependent sectors are positive, the Hungarian economy is being hit by shocks due to external factors, primarily the decline...
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Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in the euro zone accelerated to 2 percent in October from 1.7 percent in September, the EU’s statistical office, Eurostat, announced...
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KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent and that of imports by 4.5 percent compared to the same period of the previous year. The asset amounted to...
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Disillusioned parents versus ambitious children: what do Generation X and young Z want?
According to the parents of 15-19-year-old teenagers, it is primarily necessary to take advantage of opportunities to succeed, who today consider hard work almost not at all, and a diploma...
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Bank360: The government will introduce automatic inflation-tracking tax increases
The government is introducing automatic tax increases for several taxes. According to the bill submitted to the parliament, from 2025, the itemized excise tax on alcoholic beverages, tobacco products and...
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The situation and prospects of Hungarian mushroom cultivation: innovation and sustainability in the sector
Hungarian mushroom growing is one of the special and outstanding sectors of the agricultural economy, which produces about 20-22 thousand tons of mushrooms every year, exporting a significant part of...
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The project to reduce food waste was implemented in the county of Csongrád-Csanád
A project to reduce food waste was implemented in the county of Csongrád-Csanád with international cooperation, as part of which educational materials for the hospitality industry were prepared, the county...
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Alfa Group would speed up the green transition of real estate in Hungary
The compliance of the domestic real estate market with ESG requirements must be significantly accelerated, otherwise Hungary will not be able to meet the very ambitious European Union objectives regarding...
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Butter thefts continue as a result of price increases
The Russian economy faces serious challenges as inflation accelerates and prices continue to rise, while the country devotes its resources to significant defense spending. One of the most striking signs...
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The productivity of the workforce in the manufacturing industry in Hungary is close to stagnation
One of the central elements of the Hungarian economic development strategy is the development of Hungarian industry, for which a competitive, i.e. productive workforce is essential. Labor productivity measures how...
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Consumption could recover in 2025
At the end of August the Equilibrium Institute published its quarterly macroeconomic report and PwC partner Gábor Farkas discussed the main points with Ákos Kozák, economic research director of the...
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It’s time to plant fruit trees in the fall
The production of seedlings, grafts, and fruit-bearing shrubs has begun in domestic fruit nurseries. The National Chamber of Agrarian Economy draws attention to the fact that we should only buy...
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The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important, not only from an ethical point of view, but also from an economic point of view, said Oszkár Ökrös, Deputy...
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