Market News
Magazine: Mountains and valleys
The crisis induced by the COVID-19 pandemic has influenced the sales opportunities of winemakers too. Gergő Soltész, president-CEO of Ostorosbor Zrt. informed us that their HoReCa partners bought less from...
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Analysts: fuel consumption pushed back retail sales in September basically
The acceleration in the decline in fuel consumption due to missed trips due to the second wave of the pandemic has left its mark on retail sales in September. For...
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The “Buy Domestic!” campaign continues with unprecedented collaboration
With the unprecedented collaboration of twenty companies, the “Buy Domestic!” campaign continues with a TV campaign in which the Magyar Termék Nonprofit Kft. encourages the purchase of domestically produced products....
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The data of the KSH predict a significant increase
Well before the end of this year, the industry managed to overcome the production disadvantage, which was collected during the forced spring break – hvg.hu quotes the comment of Virovácz...
Read moreA three and a half to four percent increase might occur next year
The updated expectations of the European Commission and Raiffeisen Bank coincide with those of the Hungarian government, with a decline of 6-6.5 percent this year, followed by an increase of...
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Auchan’s employee received a Grand Prize for Hungarian Trade
Oroszi László, Auchan’s delivery employee, received the Grand Prix for Hungarian Trade. The National Association of Entrepreneurs and Employers (VOSZ) has announced the European Trade Day for sixteen years to...
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Free parking also helps with shopping in pandemic times
The first Black Friday bomb has already exploded. The coronavirus pandemic has fundamentally reshaped shopping habits. Free parking is good, while we are also afraid of the test booth. And...
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ITM: call for support for the replacement of single-use plastics is at social consultation
A social consultation was launched on the tender scheme, within the framework of which 7 billion HUF is available to enterprises for the production of finished products replacing disposable plastic...
Read moreThe mayor of Paris has ordered the closure of grocery and liquor stores at 10 p.m.
Paris Mayor Anne Hidalgo announced on Thursday that grocery and liquor stores, as well as delivery restaurants, should close at 10 p.m. in the French capital to curb the coronavirus...
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The Hungarian economy is slowing down
After the summer boom, the recovery of the Hungarian economy seems to have stalled in September. Although industrial production was still favorable, retail sales had already fallen. While exports increased...
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Rising levels of acute hunger with potential risk of famine in four hotspots
The world has been put on a heightened famine alert with a new report by two United Nations agencies that contains a stark warning; four countries contain areas that could...
Read moreRetail sales stagnated in September in the Czech Republic
In the Czech Republic, retail sales stagnated on an annual basis in September; and decreased by 0.4 percent compared to August, the Czech Statistical Office announced. In August, year-on-year, there...
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Bronze, silver, gold weekends go into battle
Also against the epidemic in a month. The biggest opponent is Black Friday. In addition to the longer opening hours, there is less crowding, which is only good in epidemics....
Read moreKSH: The turnover of retail stores decreased on an annual basis
In September, retail trade turnover fell by 1.6 percent year-on-year and by 2.0 percent year-on-year, according to raw data. Compared to August, the seasonally and calendar-adjusted volume of retail store...
Read moreRetail chains are optimistic
Despite the coronavirus pandemic, department store chains expect increased year-end demand – Világgazdaság Online wrote. There is a chain of stores that expects 40 percent of their annual turnover from...
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MHH: four thousand fewer advertisements appeared on television in the first half of the year
Four thousand fewer advertisements appeared on commercial television in the first half of this year than at the same time last year, the communications directorate of the National Media and...
Read moreThere are no restrictions on agricultural work
From 4 November 2020, the Government introduced exit restrictions to prevent the spread of the coronavirus pandemic. According to the measure, everyone is obliged to be at their place of...
Read moreFAO: world food prices rose in October for the fifth month in a row
World food prices rose for the fifth consecutive month in October, rising to their highest level since January due to higher prices of grains, vegetable oils, sugar and dairy products,...
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Euro area retail sales declined in September
Retail sales in the euro area fell more than expected in September, according to a report by Eurostat, the European Union’s statistical office, published on Wednesday. In September, the volume...
Read moreInflation remained at 1.3 percent in OECD countries
In the member states of the Organization for Economic Co-operation and Development (OECD), the annual growth rate of consumer prices was 1.3 percent in September, the same as in August....
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EU forecast: Increased uncertainty over new pandemic hurts economic recovery
Presenting the forecast, Economic Policy Commissioner Paolo Gentiloni said that the economy of the European Union as a whole will shrink by 7.4 percent this year, reaching 4.1 percent increase...
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PLMA trade fair moves to the cloud
The Private Label Manufacturers Association (PLMA) has been organising the PLMA trade fair in Amsterdam for more than 35 years. Private label products sales are growing fast all over Europe...
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Magazine: Hygiene comes first
According to Beatrix Szécsényi, senior trade and customer marketing manager of Reckitt Benckiser Kft., disinfectant cleaning product value sales jumped 40 percent and volume sales were up 26 percent in...
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The Buy Domestic! Protect Domestic! movement continues with the autumn campaign
Incentive to buy Hungarian goods the “Buy Domestic! Protect Domestic!” will continue with an autumn television advertising campaign – Benedek Eszter, the managing director of the Magyar Termék Nonprofit Kft....
Read moreAM: Hungarian interests are asserted in the CAP negotiations
Hungarian interests will be asserted in the negotiations on the reform of the European Union’s Common Agricultural Policy (CAP), but the meeting of the agriculture and fisheries ministers of the...
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The autumn tax package might bring significant help if the buyer doesn’t pay
According to a bill, domestic companies could reclaim VAT already paid even if a private individual owes to them. Due to the perceived economic slowdown caused by the coronavirus, this...
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Mobile payment set new records in Hungary
Mobile payments in Hungary set new records. The number of mobile wallet transactions almost tripled between September 2019 and September 2020, according to Mastercard. According to a statement sent to...
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You can’t even go to the non-stop shop at night
Due to the restriction on leaving the residence between midnight and 5 am, shops open at night can no longer be visited. This forces them to pull down the shutter...
Read moreEmployment in the United States grew much less than expected in October
Employment growth in the United States rose much less than expected in October, when the economy was hit again by the intensification of the coronavirus pandemic – according to data...
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