Market News
Hungarian retailers can now offer card payment service without a terminal
Mastercard and Pay Point have announced that from now on Hungarian retailers can also use their Android smartphones for accepting card payment, complying with the new regulation that enters into...
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Google Pay starts at three service providers in Hungary
On 17 November Mastercard announced that it is starting the Google Pay service in Hungary, in partnership with payment service providers Revolut, Curve and Monese. Google Pay offers fast, secure...
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Online retailers in the EU are about to become more competitive
As of 1 July 2021 the European Union will end the 22-euro import VAT exemption of the goods that are purchased from non-EU sellers. This step means that import VAT...
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Digital economy skyrocketing in the region
‘Digital Challengers in the Next Normal in Central and Eastern Europe’ is the title of McKinsey’s latest report that reveals: in the first five months of the pandemic – January-May...
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ProNature products combine innovation and sustainability
Henkel’s ProNature product selection already consists of eight Clin, Bref, Pur and Somat products. These products contain more sustainable components than standard Henkel products. Their packaging – with the exception...
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Pandemic-proof muesli
In mid-October the experts of the Association of Hungarian Confectionery Manufacturers (MÉSZ) discussed at a trade event how the muesli category continues to perform very well. President Sándor Sánta spoke...
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Once again Coca-Cola HBC is Europe’s most sustainable soft drink maker
According to the 2020 Dow Jones Sustainability Index, Coca-Cola HBC is the most sustainably operated soft drink company in Europe. This is the seventh time in the last 8 years...
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End-of-year SIÓ campaign for children in need
Between 1 November and 31 December Hungary’s leading fruit juice company SIÓ-Eckes is using some of the revenue from the sales of certain SIÓ products (e.g. every 1-litre SIÓ fruit...
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Tesco Box officially becomes an online shop
In the spring Tesco launched its Tesco Box service to give those shoppers the chance to order FMCG products online that hadn’t had access to this service before the pandemic....
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Mandatory deposit return scheme for drink bottles proposed
The Hungarian government has proposed a bill for introducing a mandatory deposit return scheme for drink containers. At the moment it seems the new system will enter into force on...
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Docking gates at Coca-Cola HBC Magyarország
Coca-Cola HBC Magyarország has installed five separate docking gates at is production plant in Dunaharaszti. Thanks to this step the country’s biggest food industry warehouse can serve trucks even faster,...
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Christmas Candy of the Year 2020 winners named
This year was the first that the Christmas Candy of the Year contest was organised. The organisers invited both the big manufacturers and small companies. Winners were announced in the...
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Tesco home delivery available in more regions
On 30 November Tesco’s online shopping service was launched in Veszprém and Kaposvár; in the first two weeks of December Zalaegerszeg, Szolnok, Eger and Békéscsaba followed. With this move Tesco’s...
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Let’s care for each other is Coca-Cola’s Christmas message
Oscar-winner Taika Waititi has directed Coca-Cola’s Christmas commercial, which is aired in 91 countries from 1 December. The advert’s message is that in the current special conditions we should care...
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KSH: earnings increased by 9.1 percent
In August, gross average earnings were 391 thousand 600 HUF, 9.1 percent higher than a year earlier, and in the first eight months of the year they amounted to 395...
Read moreThe economic downturn may be greater than previously expected
Minister of Finance Varga Mihály presented the government’s recent macroeconomic forecast at Friday’s HBLF conference – portfolio.hu, wrote. According to them, this year the economic downturn could be 6-6.5% instead...
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A wine investment support program is launched
Almost 3.4 billion HUF in multi-phase support for the purchase of machinery related to grape processing and wine technology will be available to wineries from 2 November – the Ministry...
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Strictness in wearing the masks
The austerity bomb could explode immediately: not only will the places to wear be expanded with hospitality and entertainment venues from the second of November, but now the shop, restaurant,...
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Nébih: Hungarian-grown pumpkins are safe
In the seasonal test of the Supermenta program, 11 domestically grown pumpkins were examined by the experts of the National Food Chain Safety Office (Nébih) and found thzat the Hungarian-grown...
Read moreGerman GDP soared in the third quarter
Germany’s gross domestic product (GDP) grew at an all-time high of 8.2 percent in the third quarter of this year from the previous three months – the Federal Statistics Office...
Read moreConsumer sentiment improved in October in the United States
Consumer sentiment in the United States improved more than previously estimated in October, according to definitive data from the University of Michigan’s monthly regular survey. According to the final data...
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Amazon’s revenue rises based on Q3 data
Amazon’s advertising revenue rose 51% in Q3 from a year earlier as marketers sought to reach the e-commerce giant’s customers while they shopped online. Amazon’s total revenue gain of 37%...
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KSH: 35,000 less people worked in the third quarter than a year ago
In the three-month period of July-September, the average number of employees was 4,486,000, and the employment rate of those aged 15-64 was 70.2 percent, the Central Statistical Office (KSH) reported...
Read moreIntrum: the European recession is the biggest threat according to Hungarian companies
As a result of the coronavirus pandemic, the recession at European level is considered by Hungarian companies to be the biggest revenue-threatening factor, for which receivables are a growing problem;...
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Physical hourly wages are 11 percent higher than last year
In the third quarter, the average gross hourly wage of skilled and trained manual workers was 1,318, HUF according to an analysis by Trenkwalder, which processes the wage data of...
Read moreThe Payment Point introduced electronic card payment without a POS terminal
The Payment Point (Fizetési Pont) has introduced a new card electronic payment solution in Hungary: with the so-called SoftPOS technology, it is possible to make a credit card purchase transaction...
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Economic sentiment in the euro area and the EU stagnated in October
After a steady improvement since May, economic sentiment stagnated in October in both the euro area and the European Union. According to data posted on the website of the European...
Read moreDIW’s business cycle barometer slowdown indicates economic growth in Germany
With a likely slowdown in post-crisis economic growth, a second wave of the coronavirus epidemic in Germany has arrived on the basis of a business cycle barometer from the DIW...
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Walmart launches new test stores
Walmart has two test stores up and running with two more set to open aimed at quickly experimenting with omnichannel technology and processes. As Walmart keeps trying to grow its...
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Magazine: From this year the best stores can use the StarStore logo!
In Trade magazin’s 2020 StarStore (in former years: SuperStore) competition there were 18 entries and for the first time hospitality units also had the chance to compete, in the gastro...
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