Market News
The eurozone is heading for a double-dip recession, according to PMI surveys
The economic performance of the euro area private sector stagnated in October as the services sector was hit again by austerity measures that prevented the spread of the coronavirus pandemic,...
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Hungarian startup saves the world from plastic
Hungarian young people have produced a bacterial cocktail, unique in the world, which can break down disposable plastic in 7 weeks. The significance of the discovery is well illustrated by...
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Radio and online displayvideo support enhances the impact of FMCG retail and multimedia TV advertising
This time, Atmedia, the multimedia trading house, analyzed the impact of different media types on individual and joint sales based on media usage in the FMCG Retail sector. The analysis...
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Shoppers are coming out of the store with smaller and smaller bags
And Christmas is coming. We also bought less in October than before. Recent months have dragged the shopkeeper’s balance sheet down: from August to October minus. The most unpleasant omen...
Read moreMLBKT: Purchasing Managers Index indicates minimal optimism again
The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in October rose by 50.1 points from 48.7 in September, with respondents reporting more favorable developments than in the previous...
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Tens of thousands temporary workers could be hired if needed
Due to the pandemic, tens of thousands of jobseekers have turned to temporary employment agencies almost overnight. And thanks to the relaunch of recent months, thousands have already been able...
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Four hundred million HUF developments were implemented at the Fisheries Research Institute in Szarvas
With the help of nearly four hundred million forints of EU support, 19 fishponds were established at the Fisheries Research Institute (HAKI) of the National Center for Agricultural Research and...
Read moreOrganic wheat can prove in special variety tests
On the Hungarian Science Day, the Research Institute of Organic Agriculture announced the launch of a new national grain variety test network. The Organic Agricultural Research Institute (ÖMKi) has launched...
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Consumer prices in the euro area fell 0.3 percent in October
In the euro area, the consumer price index fell by 0.3 percent year-on-year in October, in line with expectations, which was in line with the decline in September. The European...
Read moreGlobal smartphone sales declined
Smartphone sales declined significantly less than expected globally in the third quarter, partly due to the increased demand as the first wave of the coronavirus pandemic eased, according to a...
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Shop!X 2020 – building a sustainable future
Shop!X will go beyond environmental issues to find solutions for the critical issues that face every part of our industry on the virtual event 9-12. November 2020. Lectures, workshops, labs...
Read moreThe November closure could cut German GDP by another 1 percentage point
A partial closure ordered by the end of November due to the intensification of the coronavirus pandemic could cut Germany’s gross domestic product (GDP) by another 1 percentage point –...
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A campaign is launched to encourage the consumption of poultry and eggs
The Ministry of Agriculture (AM), the Agricultural Marketing Center (AMC) and the Poultry Product Council (BTT) are launching a campaign to encourage the consumption of poultry and eggs. Minister of...
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Analysts do not expect a substantial slowdown in earnings growth this year
Analysts interviewed by MTI did not expect a substantial slowdown in wage growth this year, who also drew attention to fluctuations in the composition of employees, which could lead to...
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ITM: commercial and catering companies to join the European Waste Reduction Week!
Businesses and employees in trade, hospitality and tourism are also encouraged to join to the Hungarian program of the European Waste Reduction Week – Boros Anita, State Secretary of the...
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Never pour this household waste down the drain
The Hungarian Water and Wastewater Technology Association (MaSzeSz) carried out a social survey with the help of WWF Hungary, which also showed how consciously we use our drain, ie the...
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Green investment can make up for the jobs lost in Europe in the crisis
If implemented, the upcoming green projects analyzed by EY would create almost 3 million jobs in the European Union. Their implementation is also hampered by the economic impacts of COVID-19...
Read moreRetail sales in Germany fell in September
In Germany, retail sales fell much more than analysts expected in September on a monthly basis, which experts say is partly due to the resurgence of the coronavirus pandemic. The...
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Nestlé buys Freshly healthy meal delivery
Nestlé USA announced that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at USD 950 million. With the transaction...
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Europe and Central Asia discuss solutions to promote sustainable agri-food systems
The 32nd Session of the FAO Regional Conference for Europe started today as FAO Members from Europe and Central Asia will discuss several challenges facing the region on food and...
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Contronics gets EU prize for reducing food waste
Dry misting technology company Contronics has received an award from the European Commission for its ‘Fresh Demo’ research project. Contronics has proved with this EU- funded project that its dry...
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Eight Fifty Food Group buys Greenland Seafood
Hamburg-based Greenland Seafood has acquired Eight Fifty Food Group for an undisclosed sum. The deal is subject to approval from the German, French and Polish competition authorities. Greenland Seafood is...
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Billionaire Issa brothers buy Asda
Blackburn-based Indian billionaires the Issa brothers and private equity group TDR Capital bought Asda from Walmart for GBP 6.8 billion. Walmart has kept a minority share in the business and...
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Guinness is now also available in alcohol-free version
In Ireland and the UK Guinness has put a new non-alcoholic beer on the market, called Guinness 0.0. The new beer is sold in 440ml cans in a 4-pack format...
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Germans start stockpiling toilet paper again as coronavirus cases surge
Sales of toilet paper and disinfectants are on the rise again in Germany, due to the second coronavirus wave: sales of toilet paper soared by 89.9 percent in mid-October in...
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Alpro celebrates 40 years with pledges
Popular plant-based food company Alpro is 40 years old. The brand celebrates the anniversary by launching a health and sustainability action plan that lasts until 2025, titled ‘Feeding our Future...
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Lidl carries on with its salt and sugar content optimisation programme
In the 2019 fiscal year Lidl Hungary used 18 tons less salt and more than 196 tons les sugar in making private label products, thereby contributing to the health of...
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Russia’s Fix Price Group opens 4,000th store
Russian retailer Fix Price Group has opened its 4,000th outlet in the country in the Orenburg region. The store sells a wide range of products at 6 fixed price points...
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Rémy Cointreau buys majority share in Champagne J.de Telmont
Rémy Cointreau has bought a majority stake in Champagne J.de Telmont, which is owned by the Lhopital family. The deal includes brands, inventory, production facilities, real estate assets and vineyards...
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