Market News
MATE and Nébih have signed a cooperation agreement
The Hungarian University of Agricultural and Life Sciences (MATE) and the National Food Chain Safety Office (Nébih) have signed a cooperation agreement, the aim of which is to implement joint...
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K&H: Inflationary pressures will not end in Austria
High inflationary pressures will not end in Austria. After 26.0 percent in April, wholesale prices rose 25.1 percent in May from a year earlier. On a monthly basis, the price...
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(HU) Fidelity: Az oroszországi kivonulás költségei
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(HU) ENSZ: A legszegényebbeket aránytalanul sújtja az élelmiszerdrágulás
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FAO unveils new public tool based on agricultural census data
Policy makers and the researchers who advise them now have a powerful new tool. The Food and Agriculture Organization of the United Nations (FAO) is endowing FAOSTAT, the world’s largest...
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(HU) A tévé, ami még kikapcsolt állapotban is hozzátesz az enteriőrhöz
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(HU) Így zárták a 2021/22-es tanévet a tartósan beteg gyerekek
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Consumers react to the inflation by spending less
In April 2022 US market research company First Insight did a 1,000-participant survey on how the biggest inflation rate of the last 40 years, 8.5%, has influenced consumer confidence and...
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OKSZ: Planned windfall tax narrows room for manoeuvre for businesses
At its 27 May 2022 meeting, the National Trade Association (OKSZ) analysed the possible consequences of the government’s planned extra profit tax in the retail sector. OKSZ came to the...
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KSH: prices increased by 10.7 percent on an annual basis
Consumer prices were on average 10.7 percent higher in May than a year earlier, up 1.7 percent in a month, the Central Statistical Office (KSH) said on Wednesday. According to...
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According to the World Bank, the Hungarian economy will expand by 4.6 percent this year
According to the World Bank, the Hungarian economy will expand by 4.6 percent this year, 3.8 percent next year, and 3.4 percent in 2024, according to the global economic forecast...
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Erste Bank: credit demand for small and medium-sized businesses may fall
Demand for credit from small and medium-sized enterprises (SMEs) may fall significantly in the third quarter, Erste Bank told MTI on Wednesday. The financial institution’s SME business performed outstandingly in...
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MNB: the number of card purchases has increased fivefold in ten years
The payment system has undergone tremendous development in the last ten years: for example, the number of POS terminals in operation tripled to 240,000 last year and the number of...
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Survey: The wage demand of Hungarian career starters increased by 29 percent
The average net wage demand of Hungarian career starters was 322,000 HUF, wich is an increase of 29 percent compared to last year, the Zyntern.com job portal told MTI on...
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Factoring providers achieved a 22 percent increase in turnover last year
Factoring service providers achieved a 22 percent increase in turnover in 2021, the Hungarian Factoring Association told MTI on Wednesday. It is explained that the estimated total value of receivables...
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Euro area GDP grew faster than previously estimated
On a quarterly basis, euro area gross domestic product grew at a higher rate than in the preliminary estimate and in the previous quarter, according to a report by Eurostat,...
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The Spanish government would take action against food waste
The Spanish government would legislate against food waste, obliging all actors in the food chain to use and recycle the remaining raw materials and products. Agriculture Minister Luis Planas called...
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The domestic Z generation can also join the fight against counterfeiting
In Hungary, the younger age group mostly buys counterfeits, according to Tárki’s representative research of 2021. And more than half of young Europeans aged 15-24 (52 per cent) said they...
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Helix: New employer approaches are needed globally
The power-centric, past practice of employers has suffered many shocks in the last few years, and the usual system has become essentially unsustainable in the current circumstances, said György Dudás,...
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Hungarian young people still buy counterfeit products and consume pirated contents
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New rules for indicating consumer reviews
On 28 May 2022 new consumer protection rules will become effective in the European Union. The topic of this article is one section of these: the rules for posting consumer...
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First-hand information from market researchers
Nearly 100 participants registered for the online Trade Marketing Club meeting on 7 April. DigInStore TrafikTV sponsored the event, so participants had to pay no fee to discuss the changes...
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Aluminium cans are valuable
Aluminium is one of the most valued recyclable materials, and by recycling it 95% of the energy used in manufacturing new aluminium can be saved. In Hungary more than 1...
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Hungarians sense an inflation rate twice as big as the reported level
According to the official data, consumer prices elevated 9.5% in April 2022 if compared with last April. However, a representative GKI survey (1,000 households) has found that consumer perception is...
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Nutrition labelling: Past, present and future
A research project is about to be launched, with the purpose of learning what shoppers know about the nutrition labelling of food products. At the end of April TÉT Platform...
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“Inno d’Or – Innovation of the Year” awards presented
Trade magazine presented the “Inno d’Or – Innovation of the Year” awards to the winners in Hungexpo’s new Congress Centre on 26 May. Managing director and editor-in-chief Zsuzsanna Hermann welcomed...
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Tobacco shops are the new king of a few FMCG categories
In 2021 FMCG product sales generated HUF 158bn for tobacco shops, and this made this channel the 10th biggest “retail chain” in Hungary. FMCG sales were up HUF 23bn in...
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Digital revolution – retail trends in 2022
Last year retailers finally understood: a strong digital presence is fundamental if they want to be successful. In 2022 they needed to go one step further, as this year special...
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Cooperation for more ethical dietary supplement advertisements
The Hungarian Association of Dietary Supplement Manufacturers and Distributors (MÉKISZ) has signed a cooperation agreement with the Self-regulatory Advertising Board (ÖRT). In accordance with this, in the future ÖRT will conduct...
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