Market News
K&H: Hungarian youngsters pay 66,000 HUF a month by card
On average, young people spend HUF 4,000 on average with their credit cards in shops and at various service providers, such as grocery stores or even cafes, according to the...
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Fluctuating costs in the logistics industry, time is a key issue
Worldwide, there are constantly changing costs in the logistics industry, and warehouse costs continue to rise year on year as the industry becomes more competitive. Rising costs are forcing companies...
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AI steps up: this is what corporate IT will do in 2022
While companies have spent $1.5 trillion on digital transformation worldwide this year, it is projected to be $1.8 trillion next year and $2.8 trillion in 2025. While companies have spent...
Read moreWhy are COVID tests expensive in Hungary?
Although prices for COVID tests are already falling, the average price of pharmacy-marketed coronavirus antigen tests is still considered high in Hungary in European comparison. According to an expert interviewed...
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Profession.hu: The largest increase in online job advertisements in Budapest is expected by the end of the year
The largest increase in the number of job advertisements posted online is expected in Budapest by the end of the year. In addition to the explosion in the job market,...
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(HU) Ünnepi kisokos a biztonságos online vásárláshoz
Sorry, this entry is only available in HU....
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The positive changes expected in the wake of the EU’s OECD assessment could also benefit Hungarian and European businesses
In the OECD, the eurasian Economic Union’s professional evaluation was completed, in which the Competition Authority participated as a leading expert. At the OECD meeting, Balázs Rigó, President of the...
Read moreKSH: consumer prices rose by 7.4 percent in November
In November, consumer prices were on average 7.4 percent higher than a year earlier. The last time inflation was at least that high was in December 2007, the Central Statistical...
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ITM: There was only one Christmas fondant that did not meet all the requirements
According to the consumer protection study commissioned by the Ministry of Innovation and Technology (ITM), only one in twenty Christmas fondants had less weight than indicated – the Ministry of...
Read moreMNB: wide range of products and services caused inflation to rise in November
In November, inflation rose by 0.9 percentage points and core inflation by 0.6 percentage points; The rise in inflation was reflected in a wide range of products and services, the...
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NAV: counterfeit perfumes worth 140 million HUF was found in two trucks
140 million forints worth counterfeit perfumes were found in two trucks on the Komárom-Esztergom county section of the M1 motorway, the National Tax and Customs Administration informed MTI on Wednesday....
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Despite the price increase, the most expensive pine variety is the favorite according to Agroinform.hu’s survey
The 10-20 percent increase in the price of pine trees expected for this year’s holiday will not cause a significant change in shopping habits, 54 percent of buyers are still...
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Agricultural Marketing Centre: Celebrate with piglets
As the holidays approach, the Ministry of Agriculture, the Agricultural Marketing Centre (AMC) and the Association of Hungarian Meat Industry promote the consumption of quality pork. The primary objective of...
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Ideas that recycle plastic as electricity and building materials received the top prize in a startup competition
Prometheus 42, which converts plastic into electricity, and Moseanic, which makes alternative architectural material from pieces of plastic in the sea, won the top prize in the competition to close...
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Hungarians have barely recovered from the recession
Half of Hungarians are no worse off than before the epidemic, according to the Intrum payments report (ECPR). However, household savings have deteriorated and there is concern that many people...
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Ferrero, Red Bull and the rest: family businesses are extremely successful
While they’ve faced some major challenges during the past two years, family-owned enterprises have demonstrated their resilience while creating jobs and opportunities that give their communities hope of a better...
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Most people obtain christmas presents online by card
The population spends more than HUF 61,000 on Christmas presents this year– this is revealed by the market research carried out by Magyar Bankholding. In 2021, almost 40 per cent...
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Intrum: the ability of the Hungarian population to pay bills has improved in the last one year
The Hungarian population’s ability to pay bills has improved in the past year: 27.8 percent of Hungarians said they could not pay at least one bill on time in the...
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Pix VR Training Kft. has developed a virtual education system developed for agricultural vocational training institutions
Pix VR Training Kft. has developed a virtual system for the training and use of work and power machines for agricultural training institutions – the company informed MTI. According to...
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Nagy István: new elements were added to the Collection of Hungaricums and the Hungarian Depository
The Collection of Hungaricums and the Hungarian Treasury have been expanded with new elements, Minister of Agriculture Nagy István announced at a press conference following Tuesday’s meeting of the Hungaricum...
Read moreEconomic sentiment in Germany deteriorated in December
The ZEW Economic Research Institute’s sentiment index in Germany deteriorated less than expected, according to a survey published on Tuesday. In the ZEW survey, the December economic sentiment index in...
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Euro area GDP grew at the same rate as in the second quarter
According to expectations, euro area gross domestic product grew at the same rate as in the second quarter, according to a report by Eurostat, the European Union’s statistical office. Eurostat...
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Főtaxi goes on with its tree planting program in the busiest parts of the Budapest
In cooperation with the 10 million Tree Foundations, the MainTaxi continues its tree planting program, which has been running for several years, this time focusing specifically on Budapest’s busiest areas....
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EU regulations defining the new Common Agricultural Policy have been published
As a result of a three-and-a-half year series of negotiations, on 6 December 2021, the EU Regulation on the CAP Strategic Plan, which is a reform package, and the EU...
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Fluctuating costs in the logistics industry, time is a key issue
Worldwide, there are constantly changing costs in the logistics industry, and warehouse costs continue to rise year on year as the industry becomes more competitive. Rising costs are forcing companies...
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Sir David Attenborough’s speech at the COP26 climate change summit in Glasgow: ‘Our motivation should not be fear, but hope.’
Between 31 October and 12 November the United Nations held its climate change conference in Glasgow, where one of the speakers was naturalist Sir David Attenborough. In his speech he...
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Europe’s Day in Commerce: For each other and for the shoppers!
The National Association of Entrepreneurs and Employers (VOSZ) organised a programme to celebrate Europe’s Day in Commerce for the 17th time. From the Ministry for Innovation and Technology Péter Cserenyés,...
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News in brief
Rapid delivery service Frichti, who deliver in just 15 minutes, rolled out a 120 SKU private label range, called Frichti Everyday. Drugstore chain Superdrug gave its B Skin private label beauty products an...
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December’s PLMA Trade Show postponed
Once again the PLMA ‘World of Private Label’ trade show has been put off – the organisers announced on 15 November. Formerly the trade fair was planned to be held...
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Hungarian purchasing power represents 51 percent of the European average
In 2021 European consumers are to spend approximately EUR 10,200 billion on food, utilities, services, etc. The per capita purchasing power is EUR 15,055, which means that the average purchasing...
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