Market News
2020 brought a multiyear leap forward in the financial digitalisation of enterprises
A bit more than one year ago Mastercard launched an infrastructure development programme called Doppio. Just a few months later the Hungarian government announced: from January 2021 retailers and service...
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Podcast with Győrffy Balázs and Neubauer Katalin
Győrffy Balázs, President of the National Chamber of Agriculture and Neubauer Katalin, Secretary General of the Hungarian National Chamber of Commerce, talked about the commercial sector and the Christmas shopping...
Read moreThe Independent Trade Union of Commercial Workers proposes to rethink the time zone for the elderly
The Independent Trade Union of Commercial Workers is proposing to reconsider the two-hour protected shopping time zone for the elderly introduced after the coronavirus pandemic after December 11, as they...
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Save 2020 with a sandwich!
In Hungary, 2 million people live in deep poverty, including families, children, the elderly and the homeless. The COVID-19 pandemic made their daily food supply even more difficult. The Budapest...
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Agroinform.hu: pine growers expect more restrained turnover this year
Pine growers expect more restrained turnover this year, according to the forecast of the Interprofessional Organization of Hungarian Ornamental Gardeners. Pine tree prices will be at a similar level as...
Read moreAfter a month-long closure, stores opened in Austria
After tha shutdown lasts since November 17 aimed at curbing the coronavirus pandemic, stores opened on Monday and teaching began in the lower grades of schools in Austria. However, Chancellor...
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This year, shoppers are spending billions on toys at Christmas, according to a survey
Regio Játék estimates that the annual turnover of the Hungarian toy market may exceed 50 billion HUF, half of which, 25-27 billion HUF, will be realized in the month and...
Read moreRetail sales declined in the Czech Republic
Retail sales in the Czech Republic fell 0.2 percent in October year-on-year. The monthly decline was 1.9 percent, the Czech Statistical Office announced in Prague. Turnover in manufactured goods fell,...
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Sentix’s eurozone investor sentiment index improved significantly in December
By December, hopes for the antiviral vaccine had improved investor sentiment in the euro area to the highest level since February, according to a survey by the economic research institute...
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Brands together – collaboration over competition
Born out of the crisis of the pandemic, the Mission Brand Alliance is looking to push consumers to other values-driven brands by banding together. The joint 20 brands are sending...
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Reál: Successful promotion with Hungarian Product
Hungarian Product Nonprofit Kft. organised a promotion campaign in REÁL stores between 2 and 27 September. Shoppers who purchased minimum two Cerbona Élelmiszergyártó Kft., Detki Keksz Édesipari Kft., Nádudvari Élelmiszer...
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Seventeen moments of spring
On the second day of the Business Days conference Tünde Turcsán, commercial director of GfK Hungária’s FMCG division gave an insight into the latest consumption trends and their practical manifestations...
Read moreAnalysts: October retail sales fell short of expectations
Analysts interviewed by MTI were disappointed by the development of retail sales in October and are also seen as a bad sign for economic growth in the fourth quarter. According...
Read moreA campaign has been launched to promote the consumption of pork
As the holidays approached, the Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the Interprofessional Organization and Product Council for Slaughter and Meat (VHT) launched a campaign to...
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Black Friday remained gray
While the November traffic that peaked in Black Friday in 2019 was a really noticeable upturn on the curves, this year the number of visitors to physical stores in November...
Read moreAM: Hungary’s digital food industry strategy is under way
Under the Digital Welfare Program (Djp), Hungary’s Digital Food Industry Strategy (Dés) can be prepared for next February with the participation of the Ministry of Agriculture (AM), the Ministry of...
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Don’t take it easy
Nowadays, if you wanna go somewhere, all that was left was the store. And the holidays are coming. The government is scratching its head at what to do, but there...
Read moreAnalysis: The Hungarian M&A market may revive after July 2021
The Hungarian M&A market may recover after July 2021, the DLA Piper international law firm network told MTI on Friday after publishing its latest analysis of the impact of the...
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Borbély Tamás is the Wine Producer of the Year
On December 4, 2020, the winner of the title of “Wine Producer of the Year in Hungary 2020”, the most prestigious Hungarian award for Hungarian winemakers, was announced in the...
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A new Hungarian application calculates how environmentally conscious you live your days
A new Hungarian application defines itself as a community content sharing and attitude development media platform, which provides feedback on how environmentally conscious we are and what progress we are...
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Retail sales in the euro area increased in October
In October, retail sales in the euro area grew more than expected, according to a quarterly report from Eurostat, the European Union’s statistical office. In the 19 euro area Member...
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FAO: Food Price Index rises sharply
Global food commodity prices rose sharply in November to their highest level in nearly six years, according to a benchmark United Nations report released today. The FAO Food Price Index...
Read moreKSH: Compared to October last year, the turnover of retail stores decreased by 1.9 percent
In October, according to the raw data, the turnover of retail stores at constant prices decreased by 2.4 percent and by 1.9 percent, adjusted for the calendar effect, compared to...
Read moreImport pushes pork prices down
The price of live pigs has fallen further, which, coupled with high maize and soybean prices, means selling below cost to many producers already, according to industry players. In addition,...
Read moreSecretary of State for Investment will contribute to the development of agriculture
Not only has survived, but despite the difficult year this year, the agricultural and food economies have strengthened and even steps have been taken through investments and regulatory systems that...
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The country’s first LGBTQ-themed web store has been launched
More than 200 orders were received in the first week of the launch of the country’s only LGBTQ-themed web store. The goal of Humen.Shop was to function as a platform...
Read moreKSH: foreign trade surplus close to record
In September, the value of exports in euros increased by 6.1 percent year-on-year and surpassed the previous month by 30.0 percent. Imports fell 0.8 percent year-on-year, but were 19.7 percent...
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Chicken meat produced in lab can already be sold in stores in Singapore
Singapore was the first in the world to allow the sale of chicken meat produced under laboratory conditions – agroinform.hu wrote. According to MTI, the Singapore Food Safety Authority (SFA)...
Read moreChristmas fairs are not opened in Austria either
In addition to hotels and restaurants, Christmas markets will remain closed in Austria this year due to the coronavirus pandemic – the Austrian government has decided. Tourism Minister Elisabeth Köstinger...
Read moreInflation in OECD countries slowed to 1.2 percent in October
In the member states of the Organization for Economic Co-operation and Development (OECD), the annual growth rate of consumer prices was 1.2 percent in October after 1.3 percent in September....
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