Market News
NAV found a criminal gang involved in the illegal tobacco trade
More than three hundred million forints of damage was caused by a criminal association dealing with the illegal tobacco trade, which was recently liquidated by the National Tax and Customs...
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Total press market revenue in 2020 was HUF 101.569 billion
The press has retained its place within the mediacake, in 2020 the total media market revenue was HUF 101.569 billion. The print advertising segment remains a serious factor, and despite...
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Trade deficit with China grows as imports soar
The value of Chinese imports in the first months of 2021 alone reached $15.42 billion, twice as much as the value of Vietnamese exports to the market. mport turnover from...
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The Competition Office and Corvinus University cooperate for the development of hungarian economics
A cooperation agreement has been set between the Economic Competition Office (GVH) and Corvinus University of Budapest (BCE) for the development and support of Hungarian economic expertise. The agreement provides...
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A 10 billion HUF food investment will begin in Kiskunfélegyháza
With state support, 10 billion HUF food investment will begin in Kiskungyháza. Péter Szijjártó stated that the government will contribute HUF 1.7 billion to the partly greenfield and partly capacity-building...
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Magazine: Spreads fighting for a place on the knife
In 2020 margarine, butter and other spread retail sales increased by two-digit numbers in the spring period; however, in the HoReCa sector demand fell for these products. Although in the...
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FAO-Hungarian cooperation for sustainable food
Making the world’s food systems sustainable is not only important for the FAO, but it is also in line with Hungarian national interests. Bencsik Dávid, Deputy Secretary of State for...
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Nébih’s educational program has expanded
The National Food Chain Safety Authority’s (Nébih) education program has also been expanded with live, online lessons and several new materials for preschool and elementary school age groups. Nébih told...
Read moreThe ZEW Eurozone and German Economic Index declined strongly in April, but remains highly optimistic
For April, instead of the expected increase, the ZEW Economic Research Institute’s investor sentiment index in Germany and the euro area declined, but in absolute terms it is at a...
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Nearly half a million under-25s could be affected by next year’s SZJA exemption
As of 2022, there were an order of magnitude 280,000 people affected by the SZJA exemption for under-25s. This is derived from the age group employment data of the CSO,...
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Shabby stores and bare shelves wait back shoppers
As retailers focused on e-commerce and faced supply-chain challenges during the pandemic, store appearance often became an afterthought. Market leader Walmart’s stores were downgraded by research firm and criticized by...
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Magazine: Mothers’ trust is difficult to win and easy to lose
In the baby care market the Pampers brand of Procter&Gamble has observed sales growth recently, especially in the wet wipe segment. Yvette Krubl, the company’s communications PR manager in Central...
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Analysts: inflation may continue to accelerate
In line with expectations, the rise in inflation in March and the rise in world oil prices and excise duties on tobacco products are expected to accelerate further – market...
Read moreHungarian village program – The small settlement shop development starts
From Monday, it is possible to apply for the 48 billion HUF with which the government supports the establishment and development of small settlement shops in the Hungarian Village Program,...
Read moreK&H: small businesses are becoming more and more optimistic
Despite the pandemic, small and medium-sized enterprises (SMEs) are increasingly optimistic about the next year, K&H told MTI on Monday, citing its first-quarter research. According to the survey, the SME...
Read moreThe total closure ordered for the Easter period has ended in Slovenia
In Slovenia, the full closure ordered for the Easter period ended on Monday: schoolchildren and preschoolers were able to return to education and reopen their shops and services, the local...
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Retail sales in the euro area increased in February
In February, retail sales in the euro area increased much more than expected, according to a report by Eurostat, the European Union’s statistical office. In February, seasonally adjusted retail sales...
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The pet food market is alive and kicking
Pet food is one of those product categories where the COVID-19 pandemic caused no damage. Sales grew by more than 10 percent in 2020 too and this dynamism continued in...
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Amazon develops private label brands
Amazon has unveiled Aplenty, a new private label food brand set to eventually include hundreds of products across a variety of center store categories. Amazon is expanding its lineup of...
Read moreAn illegal cigarette factory was found in Budapest
The National Tax and Customs Board (NAV) found an illegal cigarette factory in Budapest that has caused more than 25 million HUF damage. NAV investigators have been informed by police...
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The state of play in Hungarian retail
Tünde Bujdosó, risk director of Euler Hermes told our magazine that the GDP decreased by 5.1 percent in 2020, and individual consumption dropped 2.5 percent – after the 4.2-percent growth...
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Magazine: All the colours of the rainbow at the the bar
Thanks to its low alcohol content and smooth taste, liqueur perfectly fits into the current alcohol trends. According to Sára Palcsó, Zwack Unicum’s marketing director, in the last few years...
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Future Talks with Szilvia Krizsó – Trade magazin’s Business Podcast starts now!
Have you ever thought about using a time machine to see the future? So that you know what you need to do and avoid in the present to become successful...
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KSH: retail sales decreased by 5.9 percent in February
According to raw data, retail sales fell by 5.6 percent in February and by 5.9 percent, adjusted for calendar effects, compared to the same period of the previous year. The...
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KSH: consumer prices rose by 3.7 percent in March
In March, consumer prices were on average 3.7 percent higher than a year before. Prices rose by an average of 0.7 percent in one month, the Central Statistical Office (KSH)...
Read moreAnalysts: retail does not support first-quarter economic growth
Retail is on a downward trend and, taking into account the pandemiological restrictions in March, is expected to make a negative contribution to GDP in the first quarter, analysts reporting...
Read moreVarga Mihály: we can reach a public investment peak in the EU
On Thursday, Minister of Finance Varga Mihály shared specific investment forecasts on his Facebook page, which show, among other things, that the public investment rate could rise to 6.5% of...
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A new e-commerce railway line has come to work – we are expecting 1,000 trains from China
The new trading platform will facilitate unhindered trade between countries, financial connectivity, improve the supply chain of the industrial chain, and bring about the development of the digital logistics industry....
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